Word: vegasized
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It's the question Las Vegas has been asking itself since the $8.5 billion project was first announced in 2004, and it's taken on greater urgency after the city was pummeled by the recession. Two casinos sit half-built on the Vegas strip. Neighborhoods are dotted with foreclosure signs...
The scale of CityCenter is unique even in an oversized environment such as Las Vegas. "In good times we've had states fall all over themselves to try to get that kind of economic activity," says MGM-Mirage senior vice president Alan Feldman. "We'd be happy as a community...
CityCenter could mark the much hoped-for resurgence of Las Vegas, but then again, it might mark the end of an era, a sort of peak the city won't easily reach again. Owing in part to wobbly credit markets, Feldman doesn't think another project of this size will...
But as it rises, the frayed spirits of Las Vegas have risen too, at least a little. "You see it on the freeway - its stature is just ridiculous," says Marc Beltran, 24, who just got hired as a front-service bellman. "It's one of the nicest hotels, not only...
No other city in Asia may have been deflated more quickly by the global recession than the Chinese gambling mecca of Macau. After the local government opened the gaming business to new casino operators in 2002, the former Portuguese colony (population 540,0000) boomed as billions of dollars of investment...