Indian conglomerate Sahara India Pariwar is in discussions about buying the debt of struggling film studio Metro-Goldwyn-Mayer for $1.5 billion to $2 billion, according to two people familiar with the matter.
The sources did not elaborate
Showtime Arabia, a leading Pay-TV network in Mena region, has signed a five-year deal with MGM Worldwide Television bringing a bouquet of blockbusters to Showtime customers throughout the Middle East.
The agreement marks the firs
MGM Mirage and Dubai World said they have reached an agreement with lenders on a plan to fully fund their $8.5 billion CityCenter joint venture on the Las Vegas Strip.
The deal comes after government-owned Dubai World filed a lawsuit again
CityCenter, an $8 billion Las Vegas project owned by MGM Mirage and Dubai World, won a reprieve on Friday when MGM committed $200 million to allow construction to continue while project leaders seek additional funding.
'MGM Mirage inte
MGM Mirage (MGM) has termed as baseless the lawsuit filed by its joint venture partner Dubai World alleging the company had breached the terms of their $8.6 billion CityCenter development in Las Vegas, a report said.
Dubai World had earli
Dubai World subsidiary Infinity World has filed a lawsuit against MGM over their massive CityCenter joint venture project in Las Vegas.
Infinity World has filed the lawsuit against MGM in Delaware Chancery Court to protect its rights and t
The MGM Grand Abu Dhabi, developed by MGM Mirage Hospitality, will be located at Mina Zayed, Abu Dhabi.
The project will comprise leisure and entertainment facilities and forms part of a 150-acre urban waterfront redevelopment that is a ma
Metro-Goldwyn-Mayer Studios and Jordan-based Rubicon agreed to develop entertainment facilities with Abu Dhabi-based Sorouh Real Estate in the United Arab Emirates, the companies said on Thursday.
The first project will mix Western and Mid
Fire forced guests and staff to evacuate the 3,000-room Monte Carlo Resort and Casino in Las Vegas on Friday, quickly engulfing parts of the upper floors, facade and roof before being brought under control.
There were no serious injuries i
Dubai World, which agreed to buy into MGM Mirage last month, is raising a $2.7 billion loan while its subsidiary Dubai Ports World is borrowing $2.5 billion, bankers said.
Government-owned Dubai World said last month it would invest up to