Las Vegas rebound hangs on CityCenter success, FAA rejects NTSB Boeing 777 fix suggestions, passenger traffic rises and air cargo falls.
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citycenter
Vega’s City Center concept, big cruise bargains, Ryanair finished at the bottom of another poll.
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MGM Mirage’s CityCenter is set to open in December and rates are being slashed up and down the Strip.
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Steve Wynn plans Thursday announcement at Encore Theater The Encore Theater at the Wynn has remained largely empty since the death of Danny Gans. On Thursday, Steve Wynn plans to announce a new lineup. Beyonce, Garth Brooks and Larry King have taken the stage at the Encore Theater but a permanent fixture has been a [...]
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US Airways is still struggling to merge seniority list of pilots. Theory of outsourcing is being tested by the Boeing 787 problems. Big casino may turn around Vegas economy.
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Back in March we reported that Dubai World sued its partner, MGM Mirage, claiming breach of contract. Now the two have settled their differences and construction can continue.
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Although MGM Mirage was able to make a payment to continue construction of the CityCenter, they needed to raise more capital. The Wall Street Journal is reporting that the company is considering selling the MGM Grand Detroit in Michigan and the Biloxi Beau Rivage in Mississippi, and that the properties could fetch up to $2 billion combined.
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Earlier this month we reported that MGM Mirage may have to delay opening the CityCenter because it couldn’t secure additional financing. Now comes word that the company was able to make a $200 million payment, which enables construction of the CityCenter to continue.
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In one of its most ambitious projects, the MGM Mirage company is set to open the CityCenter in late 2009. It promises to be one of the greenest, most high-tech properties in Las Vegas — if not the country.
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