Word: mandalay
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...brothers, who own the Sacramento Kings basketball team, sold their local casino and built the Palms off-Strip and gave it no particular theme, figuring Vegas visitors would find out which hotel fit their demographic. (Wynn will also be unthemed, as will the Palazzo. The MGM Grand and the Mandalay Bay have almost entirely shed their film and Asian themes.) "I wanted to build the ultimate party place," says George Maloof, 40, the brother who runs the hotel. "I wanted to make sure I cultivated young Hollywood. In the '70s, '80s and most of the '90s, Hollywood didn't really...
Vegas doesn't have to give anything away right now. It's so hot, even the people who own the town are spending money here. Last month, 87-year-old multibillionaire Kirk Kerkorian cut a deal to merge his MGM Mirage with Mandalay Resort Group to form the world's largest gaming company--until last week, when Harrah's Entertainment agreed to buy Caesars Entertainment in a $9.25 billion deal (including cash, stock and debt) that would create an even bigger company. Sheldon Adelson, the 70-year-old owner of the Venetian, is contemplating an IPO to score some cash...
...Grand tore down its amusement park and now houses two nightclubs (a third is opening soon) and a replica of Paris' Crazy Horse, La Femme, in which the dancers' costumes consist of a stringless G-string, one of many great new technologies to come from Las Vegas. At the Mandalay Bay, the House of Blues' new lounge has a Friday party for swingers. The hotel has a pool called the Moorea Beach Club where European-style bathing is encouraged. Some dealers at the Rio wear thong bikinis at night, and the Hard Rock has blackjack in the pool. The newest...
...strip joints. It didn't go well. So for now, they're compromising with burlesque, which is the kind of stripping Janet Jackson was supposed to do. Burlesque dancers do shows at Tangerine at TI, which opened over the July 4 weekend, and 40 Deuce, which opens at the Mandalay Bay this fall...
...ride, runs the 4-mile stretch from the convention center up the Strip to the MGM Grand, and someday is supposed to connect all the way from the airport to downtown. Turnberry and CENTRA Properties plan to build a 1.2 million-sq.-ft. outdoor mall near the Mandalay Bay, which will further the invasion of stores such as Saks, Macy's, Neiman Marcus and Nordstrom, now housed at the Fashion Show mall, which is close to finishing a $1 billion renovation. And downtown is building a giant furniture showroom that hopes to steal business from San Francisco and maybe even...