On Friday, a drop in one of the most stable economies in the world—Dubai—caused a panic in the global financial sector. In a related event earlier last week, the announcement that Dubai World—a major partner in MGM’s massive Las Vegas CityCenter project—would be restructuring as a result of Dubai’s significant debt had many skeptics worried that the restructure would mean a debt default on Dubai World’s behalf.

MGM Mirage was quick to address these concerns. On Thursday, they released a statement assuring the public that CityCenter would be “unaffected by Dubai World’s announcement.” Furthermore, they went on to say that the project is “fully funded” and that the finished portion of the project will start accepting guests this week as scheduled.