Reuters is reporting that casino operator MGM Mirage and partner Dubai World have failed to reach a deal with Deutsche Bank AG over the final $1.2 billion in financing for their Las Vegas Strip CityCenter project, according to industry sources.
The talks involved an arrangement under which Deutsche Bank would contribute its Cosmopolitan resort to CityCenter and provide a $1.2 billion loan, potentially in return for an equity stake in the MGM property.
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