Today, MGM Resorts International bought the last remaining chunks—Aria and Vdara—of CityCenter from erstwhile Dubai World. They’ll only make a brief stopover in the lion’s den before being flipped to Blackstone Group. Since we’re covering the story for CDC Gaming Reports we’re constrained from elaborating further in S&G … but we’ll link you to in-depth coverage as soon as it goes online.
Update: Read about it in full detail.
Some buffoon with very deep pockets thought Las Vegas, a city, needed a “Center”, within itself… Look at the material they used to “sell” this monstrous development, and it all started with a notion that high rise condos on the east side of the 15 freeway would be worth millions, when in fact there were already high rise condos built just west of the 15, and they were not exactly selling like hotcakes… MGM gambled, they crapped out, went bust…