Las Vegas Saving Grace

There really is a lot of hope placed on the big project started by both MGM Mirage and Dubai World.  In fact, this big project is being seen as the saving grace of Las Vegas, which, as we all know, has been hit the hardest by the recession.  The city is now crippled by half-finished buildings, closed casinos, high unemployment rate, low real estate market, and a whole lot more, but, as stated above, they have one big hope that could at least put things to right, and this is the City Center. Read more

Wynn Resorts Talks of Las Vegas’ Uncertain Future

Despite the many efforts that Las Vegas is doing, it seems that it will take a long time for the City of Lights to recover from the losses that the recession has dealt the once thought of recession-proof city.

Now, Wynn Resorts is saying that Las Vegas is facing a very uncertain future.

Doom, Gloom Read more

Las Vegas Sands’ Macau Venture Needs Financing

Big dreams need big money, and this is exactly what Las Vegas Sands’ is seeking right now, someone who can give them financial aid to resume work on their Macau project.  In fact, the company needs as much as $2 billion to finish their project, as stated by Michael Leven, the Chief Operating Officer of Las Vegas Sands’ in Macau.

The Mothballed Macau Project Read more

A Major Rugby Tournament to Visit Las Vegas

Remember when it was stated that Las Vegas is going the conservative route to attract more tourists into the city?

Not only are they going to create more special events like hosting the Nascar Awards or hosting a Beyonce’ concert, but now, they are also going to play host to a huge sporting event.  And this is the USA Sevens Rugby Tournament, which is going to attract a big number of fans as well as tourists from all over the country. Read more

Las Vegas Fights Against the Recession

Who would have thought that Las Vegas, considered as the recession-proof Sin City, would have been one of the hardest hits by the global financial crisis?  But sadly, this seems to be the case as Las Vegas was proven to be vulnerable to the recession after all as half-finished buildings and closed casinos dot the city.  Aside from this, its real estate market, which used to be a strong industry, has slowed down a great deal. Read more

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