Casino News

Crown 'not in Vegas investment talks'

2009-04-06 14:07:42

Crown Casinos has issued a statement denying reports that it is in talks to invest in a new project in Las Vegas.

It had been rumored that the company was in discussions with Dubai World and MGM Mirage to make a direct investment into the CityCenter development.

However, Crown has rubbished the claims, electing to ignore its usual policy of not commenting on market speculation due to how widespread the reports have become.

"Crown is not having any discussions with MGM or Dubai World with respect to any such investment in CityCenter," the firm said.

CityCenter is to be one of the most expensive casino resort projects of all time, with a budget in excess of $8 billion.

It is being built on the site of the old Boardwalk Hotel and Casino, which was closed by owner MGM Mirage in 2006 after almost four decades on the Las Vegas Strip.