CityCenter, an $8 billion Las Vegas project owned by MGM Mirage and Dubai World, won a reprieve on Friday when MGM committed $200 million to allow construction to continue while project leaders seek additional funding.

News of the funding came after sources had feared that the Las Vegas project could file for bankruptcy as early as Friday. Shares of MGM Mirage, a casino operator controlled by billionaire Kirk Kerkorian, closed down nearly 8 percent after earlier falling more than 18 percent.

MGM said it got a waiver from senior lenders to provide the payment to CityCenter — the 67-acre residential, resort and retail complex on the Las Vegas Strip slated to open late this year.

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