Getting CityCenter mostly open by Wednesday night proved a Herculean task for MGM Mirage. Now, the real work begins for the rest of the market, which must absorb more than 5,000 new hotel rooms while keeping room rates high enough to generate healthy cash flow. … Observers say CityCenter hasn’t affected room rates on the Strip in December, but the massive complex could keep a lid on planned rate increases in early 2010.
The fastest-growing U.S. city of the 20th century is turning into a ghost town or so it’s being depicted by reports of Las Vegas leading the nation in home foreclosures, thousands of people leaving town after losing jobs and commercial vacancies soaring
Dr. Timothy Trainor will have a steady stream of work as long as daytime desk jockeys take to soccer and softball fields after work and push their aging, unconditioned bodies to the limit.
KEEPING THE FETES: The downtrodden economy has hit the gambling business hard. But casino companies, in a thank you to their staffs, are holding, or restoring, holiday parties.