Monday, January 3, 2011

Analysts say recovery is coming for Vegas

LAS VEGAS, Nevada -- The gaming industry is entering uncharted waters in 2011.

For the first time since 1989, the Strip will not witness a new hotel-casino opening nor are any new resort developments on the horizon.

The unprecedented building boom that covered parts of three decades and remade the look and image of the 4-mile-long boulevard is over.

It ended Dec. 15 with the unveiling of the $3.9 billion Cosmopolitan of Las Vegas.

Barring an unforeseen miracle -- and a multibillion-dollar cash infusion -- neither the shell of what was to have been Echelon nor the 70 percent-complete Fontainebleau will be finished anytime soon.
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1 comments:

Anonymous said...

The Cosmopolitan is awesome. You don't need another hotel after this one. What a jewel.

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