Regulators recommend casino license for CityCenter, Aria
LAS VEGAS (AP) – The centerpiece casino at the $8.5 billion CityCenter complex on the Las Vegas Strip moved one step closer toward a December opening as key state regulators Friday supported its application for a gambling license.
The Nevada Gaming Control Board unanimously approved its recommendation, which will be considered by the Nevada Gaming Commission at a special meeting next week.
“I hope it is the thing that helps Nevada perhaps get on the smooth recovery track,” control board Chairman Dennis Neilander said in supporting CityCenter and its Aria Resort & Casino.
The three-member board’s recommendation found both MGM Mirage and project partner Dubai World suitable as owners of CityCenter after questioning company executives about their finances and operation of the complex. Dubai World is the investment arm of the Persian Gulf state and a 50 percent owner of CityCenter.
MGM Mirage said the project is funded with $6.1 billion in equity contributions from the partners, $1.8 billion in approved credit at $1.1 billion in condominium sales so far.