The first group to recognize Las Vegas as a good investment opportunity was the mob. For them, Las Vegas was not only a great money machine; it offered the added advantage of becoming the law rather than running from it. They were right and made a bundle, and then Wall Street bought out the mob, [...]
Entries Tagged as 'Dubai'
Dubai World is buying a half of the Las Vegas CityCenter plus a share of MGM Mirage.
August 24th, 2007 · No Comments · Las Vegas high-rise condos
Dubai World is investing $2.7bn in MGM’s City Center development. CityCenter is a mixed-use luxury residential, resort and retail complex along the Las Vegas Strip. Dubai World is also buying $2.4 billion worth of MGM Mirage shares, reflecting a 9.5% stake in the business. Dubai World made headlines last year when its subsidiary, Dubai Ports [...]
Tags: CityCenter·condo·condominum·Dubai·high-rise·Las Vegas·Nevada·real estate
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