We heard all of the headlines everywhere. They gambling casinos in Las Vegas are losing money, the casinos in Atlantic City are also losing money and a lot of gaming centers nationwide are tightening up on their budget to get through the next year and a half of tough economic times. This budget tightening has also hurt the job market in these regions that depend mostly on gambling revenues to keep food on their tables, but throughout all this gloom and doom there is one company that still has the guts to bring a big project to Las Vegas and bring many jobs along with it. MGM spending $9.1 billion for its incredible City Center project which will go live by the end of 2009.
What is incredible about City Center is that it is virtually a city within a city. Whatever it you are looking for that you can do within the city whether it is shopping, dining, golf, sports or gambling you will find that you could do it all at City Center. The beauty of City Center is that you can also purchase combo rooms and lived there. It will be a city within a city that is capable of sustaining itself without much help from the outside.
All of this is coming at a time when a lot of analysts are predicting that the economic recession will probably subside in early 2010 and by this time city center will be completely finished and this will bring at least 12,000 new jobs in to Las Vegas. This new project and the new jobs that will be coming in should instantly get Las Vegas back on track to the economic booms that it was enjoying before the recession happened.
Now if you have some hindsight you would look more into investing into Las Vegas homes right now while they are very cheap and sellers can’t even give them away. This new project will also bring in more of the upscale gamblers and visitors that Las Vegas is used to having in its town. This is a very exciting project that I have been waiting for for a very long time to finally happen.
Right now our job is to get by this recession and try to save a little bit more money but it’s good to know that there are incredible projects like this in Las Vegas to look forward to the next time we planned our trip there sometime in the year 2010. The future of Las Vegas sure is looking fun