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Business Briefing / Las Vegas

MGM, Dubai in Deutsche talks

February 24, 2009|Times Wire Reports

MGM Mirage and Dubai World are in talks with Deutsche Bank for the $1.2-billion loan they need to complete their CityCenter project on the Las Vegas Strip, according to three people with knowledge of the discussions.

Deutsche Bank may merge its Cosmopolitan Resort & Casino tower with the CityCenter project, and provide the loan in return for an equity and debt stake in the venture, the people said.

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