Posted on June 23, 2009
Gambling casino’s are loosing money from Atlantic City to Vegas and every where in between. Gaming Centers Nationwide are tightening up on their budgets to get through the next year or so of tough economic times. It’s no surprise with the economy in the state that it is in; budget tightening is hurting not only the gambling industry but also in the towns where they are located.
Leave it up to MGM to bring not only revenue to Vegas but also jobs. MGM is spending around $9.1 billion for the massive City Center project which is due to go live by the end of 2009. This city within a city has anything and everything do whether it is shopping, gambling, lodging, golf, sports, dining, you name it, and the City Center has it, a city with in a city that sustains itself with no help from the outside.
Analysts are predicting that the economical recession will more than likely subside in 2010 and right in that time frame city center will have brought at least 12,000 new jobs into Las Vegas, bringing the city back on track and enjoying the economic booms that it had before the recession happened.
Some say that, believe it or not, this is the time to be investing into Las Vegas. Las Vegas homes are very cheap at this time and realtors can’t even give the houses away. The new project will more than likely bring more upscale gamblers and visitors back into Las Vegas. The future is looking just grand in the desert.
CityCenter - Aria Hotel - Vdara
