MGM Mirage (MGM.N) has bet big on the $8.5 billion CityCenter complex on the Las Vegas Strip, where the flagship casino-hotel will open this week, but skeptics say it could be tough to get recession-battered consumers to pay up for the new resort.
Most of the six-tower project, a joint venture with the now well-known Dubai World, opened earlier this month. The centerpiece 4,004-room Aria will open to the public just before midnight on Wednesday.
Shares of MGM, which have fallen about 22 percent year-to-date, rose 6 percent on Monday and were down 0.6 percent at mid-day on Tuesday.
No comments:
Post a Comment