Infinity World, a subsidiary of Dubai World, says it has taken legal action against MGM Mirage after the company allegedly committed a 'breach' of its joint venture agreement to build a major project on the Las Vegas strip.

The company is asking a Delaware court to relieve it of any obligations under the agreement after MGM stated in its financial filings on March 17 that 'there is substantial doubt about our ability to continue as a going concern'. MGM also said it 'cannot provide assurance' that it could generate enough cash flow to pay for its share of the project.

The National