LAS VEGAS — The last major new casino-resort likely to open on the struggling Las Vegas Strip for at least a few years will debut in mid-December, with roughly one-third of its rooms delayed to next July, its CEO said.
Even before the $3.9 billion Cosmopolitan of Las Vegas plays its first hand, executives and analysts say it must draw new customers who feel it is a must-see reason to visit Sin City.
Competition is already fierce for the visitors who are still coming; 36.4 million came in 2009. The city's roughly 149,000 hotel rooms fetched 22 percent less per night last year compared with 2008, and January rates fell 4.9 percent this year compared with 2009.
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