MGM Mirage, Dubai World’s joint venture partner in the $8.5bn (Dh31.22bn) CityCenter complex in Las Vegas, is anticipating that the resort will provide a much needed boost to the company’s bottom line.

Jim Murren, the chief executive of MGM Mirage, made the comments after the gaming operator reported a fourth quarter loss of $433.9m, worse than analysts had expected.

Dubai World, through its subsidiary Infinity World, owns 50% of CityCenter, which opened in December amid slumping revenues, soaring unemployment and foreclosures in the US desert city. Dubai World, which is working on restructuring $22bn of debt, also took a 9.5% stake in MGM Mirage in 2007.

The National