Sunday 8 May 2011

Manny Pacquiao bout packs a punch for Dubai World and Las Vegas tourism - The National

There will be more than just fight fans cheering when Manny Pacquiao and Shane Mosley step into the ring in Las Vegas this weekend.

The nearby CityCenter mega-resort half-owned by Dubai World, is showing signs of improvement amid evidence of a wider recovery on the Las Vegas Strip.

MGM Resorts, the leisure company which owns the other half of the CityCenter hotel and casino development says there has been a rise in rates and occupancy levels at its Vegas properties. This is helping to reduce CityCenter's losses, after the resort, which cost $8.5 billion (Dh31bn) to build, launched in December 2009 into a severely depressed and challenging market that has proved difficult for businesses to recover from.

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