Thursday, February 19, 2009

Goodbye Old Las Vegas, Hello New Las Vegas

By Rholanda Z. Helesky

Gone are the days where Las Vegas real estate was seen as a tacky tourist resort full of bad Elvis Tribute acts and run down casinos where the guests were more losers than winners.

Over the last few years, Vegas have gone through a major overhaul with new hotels, casinos and tourist attractions opening up. Also, a whole new range of clientele has begun favouring the famous resort for their vacations.

After recent openings of the Wynn and The Bellagio in Vegas, which were known as luxury hotels to rival the best hotels in the world. A whole new large-scale development system has been planned out with at least five new hotels and resorts planned to open before 2010.

These two resorts, the Wynn and The Bellagio have started a development frenzy in Las Vegas. They are knocking down the older and less fashionable hotels, casinos and resorts to make way for those that can rival only the best resorts in the world. Tourists hoping to win big with the influence of the new hotels and sparkling lights are travelling from far and wide to get a piece of the action.

Before the end of 2010 it has been reported that at least five new mega-resorts will have their doors open to the general public. The Wynn has planned a sister hotel which will be called The Encore. This resort will have no less than 2054 rooms scaling 653 feet in height. This resort alone will reach costs of around $1.74 billion and is said to be the next tourist attraction to have holidaymakers flocking to Vegas.

The Wynn has started a trend which The Venetian has followed also opening a sister hotel called the Palazzo. This is meant to be opening very early on in 2009. The Venetian and The Palazzo combined will have over 7000 rooms. This is said to be the largest integrated destination resort that the world will have ever seen.

MGM Mirage is also jumping on the development bandwagon with Project CityCenter. $7.7 billion has been poured into this new project which will leave a series of smaller resorts and hotels along the Las Vegas strip. With over 7000 rooms in the hotels and resorts combined, it will be an astonishing sight once it has been completed. MGM Mirage has been reportedly adding the finishing touches to a new series of hotels that will be set just North of Circus Circus. Mr. Steve Wynn is also said to be getting rid of the golf course set just behind the Wynn. He plans on replacing it with another resort of grand proportions.

There are talks of the biggest ever resort to hit Las Vegas being in the development line called the Crown Las Vegas. This is said to be the biggest and best resort that the City will have ever seen. The Stratosphere is currently one of the largest hotel in Las Vegas. The Crown Las Vegas will reportedly be over 700 feet higher than this, measuring in at an extraordinary 1888 feet tall. 142 floors are planned for the massive structure and apparently the development is currently at the planning permission stage.

An Elvis themed property is also in the pipeline and when this is combined with the many other attractions popping up in the City, the holiday destination is changing and fast. Las Vegas real estate is once again the World's destination for a good time. - 15224

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