Sep
19
CityCenter’s Aria restaurants and dining announced
Filed Under Aria Resort Casino, CityCenter, Las Vegas, Las Vegas Dining, Las Vegas Restaurants | Leave a Comment
ARIA, the resort casino at CityCenter, the dazzling vertical city set to transform the Las Vegas Strip when it opens late next year, has named the stellar chefs set to oversee its culinary offerings.
ARIA has assembled many of the best and brightest chefs and restaurateurs from around the country, uniting those who have played integral roles in the development of Las Vegas’ culinary scene with a pair of remarkable Las Vegas newcomers. Sirio Maccioni, Michael Mina, Julian Serrano, Jean-Georges Vongerichten, The Light Group and Jean-Philippe Maury, who run acclaimed eateries at Bellagio, The Mirage, MGM Grand and Mandalay Bay, will be joined by Masayoshi Takayama, the world renowned chef of the famed Masa in New York City and Shawn McClain, celebrated executive chef and partner at three of Chicago’s top restaurants. Read more
Sep
17
CityCenter’s Harmon Hotel construction problem
Filed Under CityCenter, Construction, Harmon Hotel, Las Vegas Casinos, Las Vegas Hotels | Leave a Comment
The Las Vegas Review Journal is reporting that construction of the Harmon Hotel at MGM’s City Center has slowed because some structural work was found not to match building plans submitted to Clark County. The good news is that it does not appear to be serious, since the county has declared that the building is still safe and is allowing construction workers to fix the problem. Read more
Sep
15
Photo and Details of CityCenter’s hotel rooms
Filed Under Aria Resort Casino, CityCenter, Harmon Hotel, Las Vegas, Las Vegas Casinos, Las Vegas Hotels, Mandarin Oriental | Leave a Comment
Upon opening in late 2009, CityCenter will debut the most advanced guestroom technology in the country at ARIA Resort & Casino, Mandarin Oriental, Las Vegas and The Harmon Hotel, Spa & Residences. CityCenter collaborated with Control4 Corporation to develop an unsurpassed level of personalized automation for every guestroom, a luxury previously only available in high-end custom homes and select resort suites. Control4’s next-generation automation, coupled with CityCenter’s ability to network every guestroom device via one gigabit of bandwidth, will deliver an unrivaled guest experience that will become the benchmark for the hospitality industry.
Guestroom Experience
From the moment hotel guests arrive at CityCenter, Read more
Aug
9
CityCenter workers photo’d drinking
Filed Under CityCenter, Las Vegas, Las Vegas Casinos | Leave a Comment
Im glad I didnt have time to write about this one a few days ago because there was a follow up.
It turns out a couple construction workers for CityCenter were photographed drinking then returning to the City Center construction site. Here’s the crazy part: Read more
Jul
30
How risky has Harrah’s gotten?
Filed Under CityCenter, Harrahs, Las Vegas, Las Vegas Casinos, MGM Mirage | Leave a Comment
Here is an excellent article from Bloomberg that discusses MGM’s City Center problems, and also mentions something interesting about Harrahs.
MGM’s City Center
Surprise, surprise. Even the king of Las Vegas casino companies is having trouble getting its CityCenter project financed. Basically, the CityCenter joint venture with Dubai World is looking for a $3.5 billion loan, but has only been able to scrape together $2 billion so far, leaving CityCenter to look for the remaining loans outside the US.
Harrah’s
One other interesting thing in this article is that it says Harrah’s bonds are trading at 70 cents on the dollar for a 17% yield. That means if you hold the bonds until their maturity (assuming of course the company doesnt go bankrupt before that), you could generate a 17% return for yourself. Now compare this to the stock market that has historically returned 11-12% per year, and it gives you an idea of how risky investors think Harrahs is right now. Remember, these are bonds, which are supposed to be less risky than stocks (and less risk usually means lower returns).
