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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.

FRANKFORT, Ky. (AP) - A lawyer is citing a state law against illegal gambling devices in a move to block access to online casinos in Kentucky.

Online gambling advocates say Kentucky's governor is entering potentially dangerous territory with his administration's attempt to enforce a state law against Web sites based across the globe.

Online gambling advocates say Kentucky's governor is entering potentially dangerous territory with his administration's attempt to enforce a state law against Web sites based across the globe. Groups opposed to Gov. Steve Beshear's ongoing civil lawsuit that seeks control of selected Internet domain names say Kentucky doesn't have jurisdiction and is violating constitutional due process ...

The UK's number one online casino portal today celebrates its sixth year anniversary of providing online gamers with useful independent casino guides.

Lawyers provided sharply conflicting views Friday about whether a Kentucky law against gambling can be enforced in cyberspace. The Kentucky Justice and Public Safety Cabinet is trying to block access to online casinos in the state, citing a state law that bans "illegal gambling devices." The move could affect some of the world's most popular gambling sites. Lexington attorney William C. ...

The Villento Brands Online Casino Group, one of the most dynamic independent casino operators, has received full certification from leading online gambling guide and player voice, Online Gambling Insider. Both casinos operated by the group now qualify for Online Gambling Insider's $1,000 deposit guarantee. (PRWeb Oct 4, 2008) Read the full story at ...

The Villento Brands Online Casino Group, one of the most dynamic independent casino operators, has received full certification from leading online gambling guide and player voice, Online Gambling Insider. Both casinos operated by the group now qualify for Online Gambling Insider's $1,000 deposit guarantee.

FRANKFORT, Ky. (AP) - Groups opposed to Kentucky Gov. Steve Beshear's attempt at imposing a state law against gambling on international Web sites are gathering Monday before a court hearing on the matter.

A lawyer is citing a law against illegal gambling devices in a move to block online casinos in Kentucky.

Groups opposed to Gov. Steve Beshear’s attempt at imposing a state law against gambling on international Web sites are gathering Monday before a court hearing on the matter.

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