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:
“The woman who does her job for society inside the four walls of her home must not be considered by her husband or anyone else an economic “dependent,” reaching out her hands in mendicant fashion for financial help.”
—Mary Barnett Gilson (1877–?)
“If you are well off and can afford to spend ten or twenty-five dollars a day to hire some patient soul to listen to your troubles you can be readjusted to the crazy scheme of things and spare yourself the humiliation of becoming a Christian Scientist. You can have your ego trimmed or removed, as you wish, just like a wart or bunion.”
—Henry Miller (1891–1980)