Click for Larger Image MGM Mirage City Center hotels began taking reservations for 2 of the $9.2 billion project's hotels. It appears Vdara will open first, as it is taking reservations for October 1, 2009. Aria Resort and Casino is currently taking reservations beginning December 17, 2009. This seems to follow what I had heard, that they will stagger the openings.
Click for Larger Image You can get a little preview of what each property has to offer in the way of rooms and amenities. Vdara website is at www.vdara.com. Aria Resort's website address is www.arialasvegas.com. While I've only had … (2 comments)
mgm city center: Las Vegas Real Estate Investment - Ruffin Buys Treasure Island - Canadian Invasion of Vegas Continues
- 12/15/08 05:58 PM
Former Frontier Casino owner Phil Ruffin says "He's putting his money on Vegas." This is to the tune of $775 million to purchase Treasure Island from MGM Mirage. The deal is said to involve $500 million in cash, with the balance in secured notes. The transaction is expected to close around the 2nd. quarter 2009, pending regulatory approvals.
This gives MGM a liquidity boost in these difficult economic times. It's also a boost to City Center that is scheduled to open late 2009, as the credit markets having tightened, this inflow of cash gives them some breathing room. It also … (6 comments)
mgm city center: City Center Las Vegas - Financing for MGM Mirage - Dubai World
- 08/29/08 01:35 PM
About a month ago the media was having a feeding frenzy. MGM Mirage and Dubai World missed a self imposed deadline to secure the final $3 billion in funding for the $9.2 billion ($11.2 billion including the land) City Center. At the time, they had only been able to secure $1.6 billion of the remaining amount for the largest private commercial development in the US history. Some reports went as far as to say the project opening next year was 'in trouble'. The response from the partners was....no, it's that global credit markets are tough these days and negotiations for good … (2 comments)
mgm city center: Las Vegas Construction Boom
- 01/15/08 04:08 AM
The housing market shouldn't take too long to recover in Vegas. The town is a sea of cranes! Commercial construction is booming and the largest private investment in Vegas history......with tens of thousands of jobs to follow. An estimate is currently 113,000 just in the hospitality industry by 2012, and the resulting jobs that will create in the community.
These projects will start to open beginning in 2008, starting with Eastside Cannery. Cannery Casinos was recently purchased by Australian media and gaming giant Melco PBL, owned by the Packer family. They have also purchased partial ownership of Turnberry's Fountainbleau … (5 comments)
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