Front Desk

MGM Nearing Deal to Add Cash for CityCenter?

MGM Mirage and Deutsche Bank may be in discussions that would give the casino company added financing to finish the nearly $9-billion CityCenter project, if the Las Vegas Journal-Review's sources are correct. The story earlier this week said a deal was still far apart, but the basics of it would be MGM Mirage getting $700 million from Deutsche and the keys to operate the neighboring Cosmopolitan project the bank recently bought at a foreclosure sale for $1 billion. Or, MGM would take over the project and Deutsche would get a piece of CityCenter.

The Cosmopolitan, a $3.9 billion project including a casino, resort and condos, is scheduled to open next year. A website, under construction like the property itself, doesn't offer any more info.

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