Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterGaming Commission OKs Dubai World-MGM partnership
Thursday, Nov. 20, 2008 | 11:57 a.m.
The Nevada Gaming Commission has approved the licensing of Dubai World, a government-owned megacorporation based in the United Arab Emirates, as a partner of MGM Mirage.
The unanimous vote came before a broad audience of regulators from around the world, in Las Vegas for the Global Gaming Expo.
Dubai World, a 50-50 partner in MGM Mirage's massive CityCenter project under construction on the Las Vegas Strip, has invested some $6 billion in the Nevada company.
CityCenter is expected to employ 14,000 workers when completed.
Dubai World executives were introduced to commissioners by newly named MGM Mirage chief executive Jim Murren, who will succeed longtime boss Terry Lanni on Dec. 1.
Murren said the partnership with Dubai World is "creating jobs supported by investment capital" from overseas.
Long term, Dubai World and MGM Mirage plan to develop resort properties worldwide.
Gaming regulators from the states of Pennsylvania and Michigan and government officials from Singapore and Vietnam were present at the meeting. MGM Mirage earlier in the week announced plans to develop a resort in Vietnam. About 15 Vietnamese leaders watched the commission deliberate the Dubai World presentation.
Spotlight
- Most Read
- Discussed
- Most E-mailed
- Ritz-Carlton Lake Las Vegas to close in May
- Pricey land buy on Strip a bit of a surprise
- Engineering marvel taking shape near Hoover Dam
- Harry Reid’s co-writer unloads while discussing polls, Obama quote
- Grim numbers show Nevada leads nation in suicides over 60
- UNLV back in the polls: No. 23 in AP, No. 25 in ESPN/USA Today
- Police: Legal runner returned to home, shot husband and wife
- MGM Mirage to leave N.J. in dispute over Macau partner
- GOP should blame itself for deficit, not Democrats
- The 10 best steakhouses in Las Vegas
Blogs
The Kats Report
A 3.5-day sprint, highlighted superflously at Flamingo with Las Vegas newcomers
Politics: Ralston's Flash
Horsford: No taxes now, but tax reform later (12 Comments)
Gibbons: Cutting the budget can help me raise money (8 Comments)
Gibbons: Lawmakers made State of State worse with taxes (5 Comments)
Ugly lawsuit between former garbage czar, ex-elected official continues in court Monday (7 Comments)
The Kats Report
The Fortune Ball speaks: Take the Saints on the money line
Bloggity, Bloggity, Bloggity
The Shootout could be a good indication of things to come (4 Comments)
Calendar »
- 9 Tue
- 10 Wed
- 11 Thu
- 12 Fri
- 13 Sat
-
Hugh Fink at the Riviera Comedy Club
The Riviera Comedy Club
-
The Automatic Tour at The Square Apple
The Square Apple
-
Rhumbar presents Pink Sugar Mondays
The Mirage Hotel and Casino
The Sun
Locally owned and independent for more than 50 years.
Post a comment
Commenting requires registration.
Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy.
If you would like to submit your comment as a letter to the editor, you may submit it here.