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...even younger. The Maloof 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...
...economic experiment worthy of study at Harvard Business School, sex has proved to be far more profitable than wholesome fun. The MGM 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...
...Tuesday, not long before my stomach gives out, MGM's Tabu still has men dancing competitively on tabletops to impress women, like some '80s John Travolta movie someone forgot to make. "The clubs are now carrying Vegas," says Cy Waits, the bar's VIP manager. "The casinos want us to bring in quality. Young people are more reckless with their money." Along with clubs, arenas and music venues have sprouted up in the hotels, replacing the crooners with major pop and hip-hop acts. "For years people thought it was where acts go to retire," says Russell Jones, general manager...
...months to escape from attachments, debts and exes. Real estate companies are racing to put up 20-story condo towers near the Strip. "People want to own a piece of Vegas," says Jeff Soffer, 36, principal owner of Miami-based Turnberry Associates, which is building condominium towers at the MGM Grand. The company had estimated it would take two years to sell the apartments in the first MGM tower. It took three months...
...going through the reverse of what so many cities have suffered through, this flight out of the city," says Jim Murren, the president and CFO of MGM Mirage and a longtime Vegas resident. The city last week unveiled its own public transportation system, a $650 million, privately funded monorail that, for $3 a 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...