While they were deemed unfit to guard our ports, Dubai World has found a way to conquer Las Vegas. They have invested $5 billion dollars in MGM-Mirage's CityCenter project. Besides stock, Dubai World will gain half ownership of the massive Casino/Mixed Use complex currently under construction.
Says Terry Lanni of MGM-Mirage:
"It's going to afford us the opportunity with a much better balance sheet with this cash infusion to continue and accelerate the development of other projects, which will give more opportunities for people who are part of the company now, as well as people who will become part of the company," Lanni said.