Las Vegas Recovery Coming?

[JWC Super Moderator Find all posts View Profile Close JWC]

I just got through listening to an interview with the CEO of MGM on the "Closing Bell" business program on CNBC TV. MGM owns 12 properties in Las Vegas. City Center is a joint project between MGM and Dubai World.

The CEO sees a slow recovery starting now in Las Vegas. He went on to say that the reception of the new City Center project far exceeded their expectations. They are looking at more convention business this year going forward. That is good news for Las Vegas and I hope he is right.

MGM is going to concentrate on reducing their debt over the next 3 years.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

So long as the commander and chief of this country doesn't open his mouth and torpedo the convention buisness again as being irresponsible, MGM could be correct. But if the feds want to put private industry under the microscope then I don't see much of a recovery to forcast for Vegas or any other city that depends heavily on conventions.

[jackio Gold Contributor Find all posts View Profile Close jackio]

I contribute to Las Vegas' economic recovery every time I meet my boyfriend Black Jack there