Momentum to save CityCenter. Dubai World offers plan proposal to save CityCenter. The "proposal" hasn't been finalized and would only preserve CityCenter in the case of an MGM bankruptcy. (REUTERS)The Gambler says Dubai World is on some crazy tilt. It has thrown so much money into the project, now it's just steaming and trying to recover its loses by doubling down.
The Economist thinks the costs of not finishing CityCenter is outweighed by the benefits. [What do economists know about running a business anyway?]
The Investor should be careful of MGM stock. It might have gone up 100% plus in the last month or so, but it's still down 90% from last year.
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