US-based casino operator MGM Mirage has announced that it has received the support of its banks and has entered into an amendment of its senior credit facility.

Under the terms of the new amendment, the company’s senior lenders have provided it with the ability to pay the full amount of current construction costs for the CityCenter project totalling $70m. This, it said, enables it to fund its joint venture partner Dubai World’s $35m share, should the company choose not to.