New York (Reuters) - Colony Capital LLC and MGM Mirage are no longer in talks over a potential investment in the struggling casino company, a source close to the discussions said on Thursday. The source said while there were no talks going on now, the situation could change. The source did not want to be identified because the talks are private.

Colony Capital LLC, a Los Angeles-based real estate firm, is considering a possible investment in the troubled City Center project in Las Vegas, according to people close to Colony and the City Center project. An investment could keep the USD 8.6 billion City Center project, owned by MGM Mirage and Dubai World, from bankruptcy.