Las Vegas boomt – new MGM resorts planned

Unlike in USA, Corona restrictions for casinos fell in Las Vegas. The gaming city is thus experiencing a real boom. Many gambling providers play with the thoughts. Including the company MGM Resorts.

New location for MGM Resorts

The gaming provider MGM Resorts Consider another location in Las Vegas. According to its own information, another casino resort could be created at the southern end of the world-famous Las Vegas Strip. Near the Excalibur Casinos, which is also operated by MGM Resorts, there is a plot of 28,000 m², which is suitable for the plan. Due to the proximity to the attractions very popular with visitors-the T-Mobile Arena and the Allegian Stadium-the situation is ideal. Although the company has already operated several casinos there, this does not seem to deter the group. Jonathan Halkyard – CFO from MGM – explained to investors in a gambling conference:

“This is our neighborhood towards New York New York, Excalibur, Mandalay Bay and Luxor, MGM Grand and Park MGM. The reality is – and not many people – that there is an important way for our company to make developments in this area when we think this is (for shareholders) a good step “

There are no concrete plans for a building at this point. However, MGM would check the strategic development opportunities for a corresponding investment. According to the CFO, a new one can Casino “To help connect the MGM Grand to the visitor flows on the southern strip”.

Not just new construction in planning

But MGM Resort does not only play with the idea of a new building. For example, the company only acquired the rights to the Cosmopolitan gambling company in September, for a whopping $ 1.6 billion – the equivalent of around 1.4 billion euros. Halkyard does not expect an end to the boom. After the restrictions have disappeared due to the pandemic, numerous foreign tourists come to Las Vegas and the game of chance is running again at full speed and apparently better than ever. For example, the land -based casinos were able to record gross yields of $ 2.1 billion – the equivalent of not quite 1.9 billion $ – for the third quarter of 2021. This sum represents a new record and has the previous record turnover from 2006 by 10%. The recovery phase of the gambling sector has now been 9 months and, according to analysts, there are no signs that it would abbot so quickly.

Spectacular tourist attractions

In addition to new casinos, a new pedestrian bridge is also to be built. The bridge should be built in a circle and thus be covered by four places. This building is to be built at the Las Vegas Boulevard/Sahara Avenue intersection. The background is the many accidents that occur on this crossroads. In order to create a safe crossing for pedestrians, an oversized pedestrian roundabout should now be created. This unique building will certainly attract more visitors.

Another oversized building is already very popular in gaming city. It is a very large one -armed bandits that – instead of money as usual as usual, publishes cars as a jackpot. The coin that is thrown into the machines must also be purchased beforehand. The cars are located in a glass tower and can be selected and ordered online in front of it to pick it up on site. If a coin has now been inserted, a car drives down like in an elevator. The buyer or prospect can then receive the car and test it for seven days. The Carvana company sells five to ten cars a day. Las Vegas always comes up with new attractions to attract visitors.