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...Joseph Greff of Fulcrum Global Partners. Room rates are up 40% from the same period last year, but the increase didn't stop occupancy from zooming to 95%. The city's casinos, hotels, restaurants, shops and clubs took in a record $32.8 billion in 2003. Vegas is the fastest-growing major U.S. city; 7,000 people move to Clark County each month, bulging the population to 1.6 million and overstretching the police, fire fighters, hospitals and schools. The unemployment rate is more than a third below the national average, and there's more construction than in any other city...
Goodman, a spokesman for Bombay Sapphire Gin, which sponsors monthly "martinis with the mayor" events, is a proponent of allowing strippers in the casinos as well as expanding legalized prostitution, now allowed in certain parts of Nevada. "We're the fastest-growing everything," the mayor says in his office, flipping through the endless escort section of the phone book. "We may as well be the fastest-growing escort service." His city is growing so quickly that an Internal Revenue Service building is being constructed downtown right near his office. "We'll be able to tax the IRS," he says, "which...
...Vegas casino operators are placing their biggest bets on China, where the Middle Kingdom's age-old penchant for gambling is dovetailing with the world's fastest-growing economy. Chinese millionaires are being minted every day, and the World Trade Organization predicts that the country's booming middle class will encompass half a billion people by 2014. "And frankly," says MGM Mirage CEO Terry Lanni, "there's not much to do with that money there to enjoy yourself...
...Partners, room rates in top hotels on the Strip are up 40% from the same period last year, but the increase didn't stop occupancy from zooming to 95%. The city's casinos, hotels, restaurants, shops and clubs took in a record $32.8 billion in 2003. Vegas is the fastest-growing major U.S. city; 7,000 people move to Clark County each month, bulging the population to 1.6 million and overstretching the police, fire fighters, hospitals and schools. The unemployment rate is more than a third below the national average, and there's more construction than in any other American...
...predicted that the development would add five times more value to the company than its proposed mega-merger with the Strip-centric Mandalay Bay. So far, Vegas casino operators are placing their biggest bets on China, where an age-old penchant for gambling is dovetailing with the world's fastest-growing economy. Millionaires are being minted every day in China, and the World Trade Organization predicts the country's booming middle class will boast half a billion people by 2014. "And frankly," says MGM Mirage CEO Terry Lanni, "there's not much to do with that money there to enjoy...