Two Way Hard Three | Las Vegas Casino & Design Blog

MGM Mirage added a few press releases over the past couple of days detailing some upcoming plans.

First off is a new community in Jean, NV - just outside of Las Vegas. Currently they operate the Gold Strike and Nevada Landing. The latter will close and operations will be consolidated into the Gold Strike as a new casino hotel is developed, along with residential, retail and other mixed uses. What makes Jean interesting is the possibility of a new airport there at Ivanpah, serving Las Vegas's freight needs in the near term and international travel over the next ten years or so. With a monorail extension, this area could start to really hum.

Second on MGM Mirage's plate is brief announcement that their Macau partnership with Pansy Ho will build a resort on Cotai in that region. They don't specify the parcel other than to refer to it as a 'prime identified site'.

The other story of the day I thought was interesting is coming out of the Harrah's LBO. It's been revealed that part of the financing will come from Harrah's own assets. I find this fascinating and I am considering taking Wynn Resorts private by borrowing against their properties - can I do that? :-)

More on the Harrah's setup from the always excellent Business Press.

Lastly, a quick mention that high end condos aren't selling quite as fast as some thought.

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Read archived comments (5 so far)
February 13, 2007 4:37 PM Posted by Brian Fey

MGM on Cotai huh? Wynn really needs to get moving on his Cotai project.

The high end condo's may not be selling, but I don't think this holds true for MGM PCC. They seem to be selling FAST!.

February 14, 2007 9:18 AM Posted by Hunter

I'm wondering what brand MGM Mirage will use for this second resort.

We've got MGM Grand Macau.

Mirage Macau?
Bellagio Macau?
Circus Circus Macau (ha)?

February 14, 2007 9:36 AM Posted by mike_ch

CityCenter Mandalay Macau?

February 14, 2007 9:37 AM Posted by mike_ch

Oops, haha, the CityCenter part of that was supposed to be strike through but it looks like this blog doesn't like that tag. Hehe.

As long as it's not THEmacau, I'll be happy.

February 14, 2007 9:38 AM Posted by Hunter


Ha. You just made me spit my drink on the desk. That's funny.