homeWelcome, sign in or click here to subscribe.login
     


 

 

Construction


Subscriber content preview

September 13, 2007

Dubai invests another $300M in Vegas projects

  • Dubai World, a holding company for the Persian Gulf state of Dubai, is taking a 25 percent stake in a multibillon-dollar resort on the Strip.

    • LAS VEGAS (AP) — Dubai World is taking a larger stake in casino projects on the Las Vegas Strip with partner MGM Mirage, the companies said Tuesday.

    A subsidiary of Dubai World's investment arm, Istithmar Hotels, will take a $300 million, 25 percent stake in a joint venture that MGM had announced in June with Kerzner International Holdings to develop a multibillion-dollar resort on the Strip, they said.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.