Quote Originally Posted by Ray1936 View Post
http://www.lvrj.com/news/breaking_news/43183912.html


MGM Mirage said this morning it had made the $70 million equity payment due on CityCenter, which included covering the $35 million share of the costs owed by its partner, Dubai World. A spokesman for the casino operator said another payment is due at the end of April.
That's good. One of the days I was there, a payment deadline for about $250 million was made in the 11th hour as well. Sounds like it's a month-to-month thing. And if I remember right, MGM made that payment also complaining that Dubai World was not paying their share.

A friend of mine's work is owed over $10,000 by Dubai World. Not much compared to this project, but it's another example of them not meeting their financial obligations.