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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (58468)	11/30/2009 10:53:53 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 217737

Steady on ElM, there's a hint of paranoia in that question: <Are you Kiwi? > Mqurice

To: elmatador who wrote (58468)	11/30/2009 11:25:23 PM
From: average joe	Respond to of 217737

I wish!

To: elmatador who wrote (58468)	12/1/2009 7:17:16 AM
From: average joe	Read Replies (1) \| Respond to of 217737

I was at City Center in Las Vegas yesterday. Part of City Center will open today with much fanfare and the rest over the next week. Looks like the Arabs were just one of the millions of suckers to lay their cash down in Vegas. Dubai World’s $8.5 Billion Las Vegas Gamble November 30th, 2009 Author: B. Solomon Dubai World are hoping its multi billion dollar investment in a 67 acre hotel, restaurant, shops and casino complex in the Las Vegas strip will bear fruit as its businesses begin trading tomorrow. Dubai World recently sent shudders across world markets after they effectively defaulted on their $60 billion debt by asking creditors for a six-month extension on their re-payments. In this particular venture Dubai World had teamed up with MGM Mirage for the $8.5 billion CityCenter resort project, but both companies have been suffering financially of late and the stakes couldn’t be higher. The development has been going on since 2006 but in the meantime Las Vegas has witnessed a sharp fall in visitors and revenue as the recession continues to bite. Nevada Gaming Commissioner Tony Alamo commenting on the development said: “We’re in a 12-round fight. The first six rounds, you guys got beat up. We’re putting all our eggs in the `grow-the-market’ basket. I would be lying to you if I wasn’t concerned — that’s a reality. This is not just the company, it’s the state.” Kansas billionaire Phil Ruffin, owner of nearby Treasure Island casino-resort echoed the general feeling of trepidation when he said, “It’s going to be bloody out there. We wish them all the success in the world because it would help the whole city of Las Vegas, but I can’t think of a worse time to open up 7,000 rooms.” Ruffin, like many businessmen, believe that the woes which have befallen Vegas will only subside after unemployment drops nationally thus bringing in more tourists, but conversely as the CityCenter development approaches completion 10,000 labourers will be added to the national unemployment statistics. Despite the level of skepticism in the air preceeding tomorrows opening, MGM Mirage CEO Jim Murren appeared upbeat and struck an all together different take on the whole project: “We’re at the eve of opening up something that was unimaginable this year,” he said. “ That will have a profoundly positive impact on our cash flows, our cross-marketing opportunities for our other properties, and on visitation and revenue to all of Las Vegas. I believe that it couldn’t happen at a better time now that we’ve survived the first six rounds of the fight.” onlinepoker.net