Dubai World encouraged as CityCenter fortunes improve - The National

The multibillion-dollar CityCenter entertainment resort in Las Vegas, half-owned by Dubai World, has narrowed its losses as business in the city continues its recovery from depressed conditions.

Losses at CityCenter fell to US$10.2 million (Dh37.6m) in the fourth quarter of last year compared with $38.4m in the same quarter of the previous year, MGM Resorts International reported.

The resort is jointly owned by the Dubai World subsidiary Infinity World and MGM Resorts.

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