This from CNN's Don Simon: As a vast new hotel-condo-everything else complex called City Center is about to dump six thousand new rooms onto an already depressed market, the question is -- will it lure new visitors to Nevada or only drain the other hotels? And they are wondering if the new Elvis Presley Cirque-produced bash will pull in a rebirth of tourism dollars. This following a 22 month decline in business, and with City Center having been barely able to raise construction costs. One of its hard-pressed sponsors is Dubai World, currently unable to meet its debts.
Can Cirque du Soleil save Las Vegas? Believe it or not, that was a question framed by Simon to a local official.
The betting and entertainment capitol has suffered 22 straight months of declining gaming revenues. Unemployment is over 13%, and the foreclosures here lead the nation.
What a story. Will the fortunes of both Cirque and Sin City collide into a heap of unsustainable over expansion? They're calling it the biggest bet ever to be waged in the town.
"Hound Dog," they're counting on you!
Kamis, 17 Desember 2009
The Morning Midway: Can Cirque du Soleil "Save" Vegas ...
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