DUBAI, United Arab Emirates — Dubai World, MGM Mirage’s cash-strapped partner for CityCenter, appears to be set for an period of retrenchment after the emirate’s top finance official said Monday the company may need to change course and unload assets to pay lenders.
CityCenter residential officials believe last week’s opening of the $8.5 billion project, coupled with a 30 percent price reduction implemented in October, will be enough of a catalyst to spur sales in the project’s remaining high-rise condominiums.
WASHINGTON — The Supreme Court cast doubt Monday on the validity of part of the anti-fraud law enacted in response to Enron and other corporate scandals early this decade.
While the Las Vegas housing market is showing signs of recovery, it’s still feeling the effects of a lingering headache from “irrational exuberance” created by the housing boom from 2004 to 2006, a local housing analyst said.
