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September 18, 2014

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MGM, Dubai World Said in Talks With Deutsche Bank

Bloomberg News is reporting that MGM Mirage and Dubai World are in talks with Deutsche Bank AG 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, still under construction, with the CityCenter project, and provide the loan in return for an equity and debt stake in the venture, said the people, who declined to be identified because the talks aren’t public.

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