The state-controlled investment vehicle of Dubai is betting on the glitzy fortunes of Las Vegas by pumping $5bn (£2.5bn) into a partnership to develop casinos with MGM Mirage - in spite of the fact that the emirate officially forbids gambling.
Dubai World, which is controlled by the Middle Eastern emirate's government, is putting $2.7bn into a 76-acre resort on the Las Vegas Strip and will buy up to $2.4bn of MGM shares.
http://business.guardian.co.uk/story/0,,2154206,00.html
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