It looks like MGM MIRAGE, Dubai are pals again

Apr 21, 2009 5:00 PM

According to published reports, it appears MGM MIRAGE has mended its rift with Dubai World.

MGM MIRAGE said last Friday it has paid $70 million toward construction of the massive CityCenter project, covering its own half of the payment plus $35 million owed by its partner, Dubai World.

The $8.7 billion project is to open by the end of the year.

A story published on the website of the Wall Street Journal said MGM and Dubai World had agreed to terms that would ensure CityCenter is completed. Any deal, however, must be approved by the project’s lenders.