Financial Troubles
In early 2009, Dubai World sued its joint venture partner MGM Resorts International for breach of contract and thus decided to not make its payment of US$200 million in financing, required to keep the project on track. By April 17, 2009, MGM Resorts International and Dubai World had agreed to a set of terms that would ensure the completion of CityCenter.
Read more about this topic: City Center
Famous quotes containing the words financial and/or troubles:
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)
“I still think I ought to leave Washington well alone. I have many friends in that city who can of their own motion speak confidently of my ways of thinking and acting. An authorized representative could remove some troubles that you now see, but only think of yet greater troubles he might create.”
—Rutherford Birchard Hayes (1822–1893)