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DUBAI, United Arab Emirates (AP) -- A Dubai developer says it plans to build Mideast outposts of two Las Vegas icons, the Bellagio and MGM Grand, even as the hotels' parent MGM Mirage struggles under a crippling debt load.

Pearl Dubai said in a joint statement with MGM Mirage on Tuesday that it will develop the properties and a 30-suite Skylofts hotel at the Dubai Pearl, a development near the base of the manmade Palm Jumeirah island.

Pearl Dubai says it will pay for and own the three hotels, which will be managed by a division of MGM Mirage.

Financial terms were not disclosed.

The Dubai hotels will differ from their Vegas counterparts in one respect though: gambling is banned in the Islamic city-state.

I will start taking bets if these projects will ever materialze, yes I'm in Vegas and I can do that legally
After the Trump Tower debacle and the Sea World and Bush Gradens cancellations (and given the history of Pearl Dubai), it is fairly safe to bet against it.

K-Dog wrote:I will start taking bets if these projects will ever materialze, yes I'm in Vegas and I can do that legally
After the Trump Tower debacle and the Sea World and Bush Gradens cancellations (and given the history of Pearl Dubai), it is fairly safe to bet against it.

Hey K-D, long time, how are you doing?

So K-D, you coming back to Dubai?