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MGM Nearing Deal to Add Cash for CityCenter?


MGM Mirage and Deutsche Bank may be in discussions that would give the casino company added financing to finish the nearly $9-billion CityCenter project, if the Las Vegas Journal-Review's sources are correct. The story earlier this week said a deal was still far apart, but the basics of it would be MGM Mirage getting $700 million from Deutsche and the keys to operate the neighboring Cosmopolitan project the bank recently bought at a foreclosure sale for $1 billion. Or, MGM would take over the project and Deutsche would get a piece of CityCenter.

The Cosmopolitan, a $3.9 billion project including a casino, resort and condos, is scheduled to open next year. A website, under construction like the property itself, doesn't offer any more info.

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