|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.
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:email@example.com.
There Is No Such Thing As The Gambling Olympics!
I often become bewildered when I hear of people bragging, because they have high strike rates and/or high profit-on-turnover figures (POT). You know the 'my strike rate on the Soccer is 73%' or 'my POT on the gallops is 90%'.
6-max Texas Limit Holdem: Pre-Flop Play
Position is even more important in 6-max play than in a normal full ring game. The 6-max variation is generally played more aggressively and the battle for control starts right from the beginning.
Roulette Strategies - The 10 Commandments for Bigger Profits!
You will see many roulette strategies on the net.Here we have gathered the 10 most important strategies for playing roulette and maximising your profits.
Gambling Addiction Affects More Then Just The Compulsive Gambler
At one point in time our society believed that gambling addiction only affected the gambler. However new information now available and those directly affected realized that gambling detrimental to the economic, political, social and physical well being of individuals, the community and the nation.
Modern casino slots are controlled by computer chips and software, and the win percentages are preprogrammed into the software.Casino slots have Random Number Generators (RNG) which are continually generating combinations, even when the machine is not being played.
The Truth Behind The Limits: What Minimum and Maximum Bets Are About
Have you ever thought about the reason behind the existence of minimum and maximum bets? The truth is simple: casinos want your money. As simple as that.
Are you interested in playing craps online? Are you tired of all the crowds and pressure of real casinos? Then I think the time as come for you to move on to cyber casinos. Your hour of transition has come - and it is now!The biggest advantage to playing online craps is the convenience.
Three Card Poker Betting
A player must be aware of how to place bets in three card poker. The playing area both live and online will have three areas where you place bets.
Horse Racing Betting, The Risk Free Way
You may or may not of heard of all this talk about been a change to horse racing betting where you can bet on horse races risk free.Yes that's right, Risk Free!Now this isn't some bogus system that gives you one horse that is guaranteed to win, it isn't even like normal gambling.
Play Online Slot Machine Game
Coin in - spin - hold your breath..
States Lottery Basics
For those who dream of quitting their jobs and being independently wealthy, the lottery is an affordable way to take some chances and move toward a goal. Lotteries have been a great support to those aspiring to be great through the stroke of luck.
Basic Jacks or Better Video Poker Strategy
Video Poker is a game of skill - and using the simple combination of playing strategy and mathematical know-how, can be beat. Take note of the "pay schedule" shown on the front of each machine, and look particularly at the most important information - how much the machine will pay out for a Full-House versus a Flush.
How to Succeed in the Poker Freerolls Part 2
How to Succeed in the Poker Freerolls Part 1 looked mostly at what cards to play and when to play them, in Part 2 we take a look at other factors that you need to be aware of in order to succeed in the freerolls.7.
The Secrets of Hop Bets
Las Vegas - World Series of Poker (WSOP)
Who Will Be The Top Dog at WSOP?That is the question on everyone's mind as the 2005 World Series of Poker enters its third round with only 272 top poker players remaining.Of the over 5600 entrants who entered the esteemed Las Vegas held tournament at a buy-in of $10 000 each, most walked away with nothing as only the last 560 players qualify for cash prizes.
Offshore sportsbooks are also the result of many regulations the US government has imposed on gambling. Offshore sportsbook betting still have great opportunities.
The Secrets of Cold Tables
The CrapshooterThe Secrets of Cold TablesPssst..
Do the Laundry or Win the Lottery
On the Friday afternoon drive home, I'm relieved the weekend has finally arrived. Sleeping in, afternoons at the pool and?the looming pile of clothes on the laundry room floor! The endless list of household tasks never seems to go away.
Texas Holdem Tournament Strategy - Winning vs. Aggressive Players
The Texas Hold'em poker phenomenon has taken the country by storm. There are reportedly over 100 million active poker players worldwide.
Play Poker Online Against the Stars of the Silver Screen
There's no secret that poker is taking the world by storm. Businessmen, college students and even grandparents are taking up the game at astronomical rates.
Section Site Map - Submit News - Feedback - Comments - Advertise with Us
Copyright © 2006 Luminati Inc. All rights reserved.