Las Vegas came under hard times during the economic downturn as gamblers decided to spend less and frequent local casinos in an effort to curtail their spending.
While the recession is not the opportune time to open a gambling complex, plans for the $8.5 billion CityCenter - a joint project between MGM Mirage and Dubai World - had long been established. The 67-acre, six-tower complex of hotels, restaurants, retail shops and a casino began with the roll out of the Vdara Hotel & Spa, a condo-hotel property, earlier this month. The Crystals retail shopping mall and Mandarin Oriental hotel also recently opened.
Brian McGill of Janney Capital Markets said in a client note that the Vdara had a fairly smooth opening, with Crystals seeing steady traffic even though it had a limited number of stores open.
But many experts worry about the opening of the Aria Resort & Casino, set for Dec. 16, as some fear the property's 4,004 hotel rooms will saturate the Las Vegas market.
McGill said his talks with those in the industry indicate that the Las Vegas Strip is likely to remain challenged next year on the new supply of hotel rooms ramping up, as well as ongoing soft group and convention bookings in early 2010.
But the analyst said the forecast appears brighter for 2011, as bookings - especially convention bookings - seem to be stronger.
McGill reiterated a "Sell" rating on MGM Mirage.
The casino operator's stock shed 15 cents to $10.22 in morning trading.
Casinos.ch ist die Gaming & Entertainment-Plattform der Schweiz und mit über 20 Informationsportalen und rund 100 Internetnamen (Domains) das grosse News- und Pressenetzwerk der Casino- und Glücksspielszene in Europa.
Aktuelle News, Interviews, Fotos und spannende Stories - direkt und live aus den Schweizer Casinos, der Spielbankenszene Deutschlands, über das monegassische Casino von Monte Carlo, weitere Casinos aus ganz Europa und der ganzen Welt finden Sie auf www.casinos.ch. Und last but not least natürlich auch aus der Sin City 'Las Vegas'.
Die Informationen sind unterteilt in die Bereiche Casino-Informationen, aktuelle News, Events, Jackpot und Tournament-Informationen, Fotogalerien, Live-Berichte und Interviews sowie ein täglich wechselndes Glückshoroskop.
Top-Brands: - www.casinos.ch CH-Casino-Plattform - www.swisspoker.ch Poker-News - www.casinopersonal.ch offene Stellen - www.nightlife.ch Ausgangs-Informationen
Weitere Nachrichten der Gaming-Branche |
1664 Original Lager Bier 24x50cl
CHF 21.90 statt 43.80
Coop
2 go Energy Drink Sugarfree 6x25cl
CHF 6.00
Coop
2Go Energy Drink 6x25cl
CHF 6.00
Coop
À Table! Bratpfanne Ceramic 20cm
CHF 29.95
Coop
À Table! Bratpfanne Ceramic 24cm
CHF 34.95
Coop
À Table! Bratpfanne Classic 20cm
CHF 17.95
Coop
Aktueller Jackpot: CHF 1'034'230