Dubai World has sued MGM in an effort to protect their investments. MGM was recently late filing it's SEC documents saying it is questionable whether they can make payments on their nearly $15 billion debt.

Dubai World is the front company for the "group of investors" and own half of City Center by contract. This puts City Center on shaky ground.

Actually, this puts a variety of possible outcomes on several scenarios that these companies are involved in. It should be interesting.

This story has an amazing amount of factors that remind me of when Bugsy was building the Flamingo and kept getting more and more financial assistance until it finally killed him. MGM has been making similar pleas for more money for a long time.

So, who gets shot?

and herbst came out of thier chapter 11 filing losing all 15 of thier casinos but keeping 90% of the slot machine route in the state.

It is rumored that City Center will file bankruptcy in the next few days as MGM fails to make their share of payments due tomorrow (Friday).

so what do you think? are the doobies going to end up owning this property?

mgm makes the payment avoiding filing for bankruptcy