Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

MGM Mirage to build a city on Las Vegas Strip


Plans include a 4,000-room hotel and casino, three 400-room boutique hotels, 1,650 condominiums and 550,000 square feet of a retail, dining and entertainment area.

The "Project CityCenter" as MGM officials call it, will stand on the 66-acre site located between Belaggio and Monte Carlo, on Las Vegas Strip. The Boardwalk hotel now occupies part of this area.

The project will be developed in phases. The first phase, to begin in 2010, is expected to create over 7,000 construction jobs and 12,000 permanent positions. This will be the largest employment opportunity in the history of Las Vegas.

For comparison, "Project CityCenter" is the size of New York City's Rockefeller Center, SoHo, and Times Square combined.

The history of Las Vegas began a hundred years ago, with a land-parcel auction. With MGM Mirage laying down the cards for its future project, the next question to arise is: How long will it be before a competitor puts forward a similar scheme?

"We hope they do, but I doubt it," says Jim Murren, president and CFO of MGM Mirage. Having the idea is one thing. It is far more important to have access to this kind of capital outlay, and a suitable property. Today, an acre on Las Vegas Strip is valued at $20 million. The estimated cost of the project is $4 billion.

The "Project CityCenter" seems to have put an end to themed resort-building in Las Vegas, and to open a new era in the history of Sin City. It is now clear that Las Vegas is moving towards becoming a major urban center in the US. "It's changing lifestyles," MGM Mirage chairman and chief executive officer Terry Lanni said.

Over the next 18 months, MGM Mirage will look around the world for a master architect, as well as for residential and hotel partners.

Iulia Pascanu writes for http://www.bestlasvegashotels.info where you can find more information about the most famous Las Vegas Hotels and Casinos.

Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared; mailto:iuliap@gmail.com.


MORE RESOURCES:

Ohio casino gambling: Has it met your expectations?
The Plain Dealer - cleveland.com
Slots on the second floor of Horseshoe Cleveland Casino, which celebrated its second anniversary on May 14. (Lynn Ischay/The Plain Dealer) (Lynn Ischay, The Plain Dealer). Print · Amanda Harnocz, Northeast Ohio Media Group By Amanda Harnocz, ...
Editorials from around OhioWTRF

all 16 news articles »


The Diane Rehm Show

The Future of Casino Gambling
The Diane Rehm Show
A dealer works the blackjack table during the grand opening of the newest building at the Seminole Casino Coconut Creek on December 17, 2010 in Coconut Creek, Florida. Joe Raedle/Getty Images. The Future of Casino Gambling. Across the country, states ...



Al Jazeera America

The winners and losers of casino gambling
Al Jazeera America
In May 1984, Donald Trump opened his Trump Plaza Hotel and Casino in New Jersey's glittering gambling capital, Atlantic City, saying it could be the finest building in the nation. On Tuesday the casino shut its doors, making it the fourth Atlantic City ...
As Casino Gambling Busts, Atlantic City Firms Play OnMondaq News Alerts (registration)
Atlantic City: When The One Trick Pony FailsMetroJacksonville.com
Trump Plaza shuts downToledo Blade
Newsday -NJ.com -UPI.com
all 463 news articles »


The Diane Rehm Show

Winners and Losers In The Casino Industry
The Diane Rehm Show
More states than ever are turning to casino gambling to boost their coffers. Maryland's new Horseshoe Casino generated nearly $6 million in its first week. And Massachusetts just approved a $1.6 billion gaming resort to be built on a plot of polluted ...

and more »


abc40

Massachusetts bishops issue statement for repeal of casino gambling law
Attleboro Sun Chronicle
Cardinal Sean O'Malley, walks to the front entrance of St. Martha Church in Plainville during a visit last October. Posted: Monday, September 15, 2014 10:30 pm | Updated: 10:23 am, Tue Sep 16, 2014. Massachusetts bishops issue statement for repeal of ...
Casinos spending big to fight ballot questionEnterprise News
Roman Catholic bishops support casino law repealSouthCoastToday.com

all 48 news articles »


Up Close: Casino Gambling
WABC-TV
This week, we take a close look at casino gambling in our area. The Northeast has more than 50 casinos, including 11 in Pennsylvania, 4 planned for New York and 3 planned for Massachusetts. Atlantic City has closed 4 of its 12 casinos, resulting in a ...



WFMY News 2

Police: Dad In Casino Gambling, Left 14-Month-Old In Car
WFMY News 2
A 14-month-old girl was left alone in a running car for about 30 minutes Monday afternoon while her father was gambling inside Harrington's casino, police said. (Photo: Delaware State Police). 39 CONNECTTWEETLINKEDINCOMMENTEMAILMORE.
Police: Man Arrested for Leaving His Child in Parked Car While h - WBOC-TV 16 ...WBOC TV 16

all 33 news articles »


School executives association neutral on casino gambling; opposes open ...
Chalkbeat Colorado
The Colorado Association of School Executives, the advocacy group that represents school administrators statewide, has decided to take a neutral position on Amendment 68, the November ballot measure that would allow expansion of casino gambling and ...



Lieutenant governor candidates split on casino gambling; Democrats agree on ...
The Republican - masslive.com
The four candidates for lieutenant governor are split on whether to repeal the state's casino gambling law. Steve Kerrigan, a former aide to Sen. Edward Kennedy and the head of a non-profit that helps military families, is competing with Mike Lake, CEO ...

and more »


Aljazeera.com

Is casino gambling a safe bet for Japan?
Aljazeera.com
In conjunction with a booming tourism industry, Japan has set its sights on allowing casinos in time for 2020 Olympics. Michael Penn Last updated: 04 Sep 2014 09:16. Listen. Email Article. Email. Print Article. Print. Share article. Share. Send Feedback.

and more »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.