MGM Mirage has provided a little more insight into just how much it’s doing in terms of spending on renovations to Luxor and Excalibur. “We are spending around $100M in improvements on each of these properties this year, and we have invested millions more since the 2005 merger,” writes a company representative (emphasis added).
You could argue that Excalibur needs a lot more than that — or maybe just some well-placed dynamite — but it’s good to see something being done. It’s an open secret that Mandalay Resort Group let things slide at its Strip properties while MGM’s buyout was in progress, leaving the new owners with a lot of remedial work to do.
Out-of-towners who haven’t seen Eastside Cannery arising along the Boulder Strip may enjoy this funky montage of its nightly light show. The building is an extremely striking addition to the eastside, dominating the landscape for miles around much as Sam’s Town used to do. Poor Sam’s Town: It used to look so monumental and now it’s dwarfed by the upstart down the street. (For the record, Cannery Casino Resorts only manages Rampart Casino and it’s [CCR] being bought out by Crown Ltd., not Melco PBL.)
