Tag Archives: CityCenter

Steve Wynn, Light Group Plan Las Vegas Nightclubs

Steve Wynn is apparently ready to counter the opening of ARIA’s new nightclubs in the $8.5 billion CityCenter project with some nightlife of his own, according to a report in the New York Post.

Wynn is planning to spend $100 million to build a new nightclub, called Surrender, and a new Encore Beach featuring three pools, 30 private bungalows and a gaming pavilion.  

Wynn’s Encore resort, which opened in December 2008, has been enjoying the great success of its XS club, which extends into the pool area and features two levels of private bungalows.

Not to be outdone, The Light Group, which has established itself as one of the premier nightclub operators in Las Vegas, is also getting ready to open the 25,000-square-foot Haze club at ARIA. It will also open the Liquid pool venue in the spring.

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New Store Openings Continue at CityCenter in Las Vegas

CityCenter, the largest $5.8 billion completed construction project in the U.S. this year, continues with gala Las Vegas store openings and special events.  40% of available space is reportedly currently occupied. 

Openings Today, Dec. 3:  

Huge high-class retail Crystals venue opens including Beso (Eva Longoria Parker’s restaurant), Mikimoto, CENTERPiece Gallery, H.Stern, Tom Ford, Marni, Bvlgari, Robert Cavalli, Nanette Lepore, Cartier, Assouline, ILORI, Porsche Design, Tourbillion, Tiffany & Co., de Grisogone, Louis Vutton, Bottega Veneta, Bally, Paul Smith, The Cup, Rodney Lough Jr. Wilderness Collection Gallery, Phillip Plein. 

Opening Dec. 16: 

Aria, the centerpiece 4,004-room hotel casino, opens plus Kiton, Kiki de Montpamasse, Brasserie PUCK, Van Cleef & Arpels, The Pods by Wolfgang Puck, Carolina Herrera, the GALLERY featuring Dale Chihuly, The Art of Richard MacDonald, T.E. Pub 

Opening 2010: 

Mastro’s Ocean Club, Ermengildo Zegna, Emilio Pucci, Prada, Christina Dior, Hermes, Versace, Miu Miu

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CityCenter Unveils Vdara Hotel and Spa in Las Vegas Today

MGM Mirage and Dubai World marked the unveiling of their CityCenter project today with the opening of the luxurious Vdara Hotel and Spa. 

Executives cut the ribbon on the 57-story, 1,495-suite luxury property shortly after 10:30 a.m. today. 

The hotel’s suites come in one- or two-bedroom variations, ranging from 500 square feet to 2,000 square feet, each featuring gourmet kitchens and washer and dryer units among their amenities. 

Other amenities in the non-gaming Vdara Hotel include an 18,000-square-foot spa, Asian fusion restaurant Silk Road and direct access to the Bellagio’s casino floor. 

Vdara has partnered with Vanity Fair for its private grand opening celebration tonight with appearances by actor Orlando Bloom, actress Rosario Dawson and photographer Sebastian Copeland. While VIPs will fill the hotel tonight, Vdara won’t welcome its first public guests until Wednesday evening. 

Following Vdara’s opening will be the unveiling of the high-end retail and entertainment district, Crystals, on Thursday, then the opening of Mandarin Oriental will be Friday. 

CityCenter’s crowning jewel and only gaming property — the 4,004-room Aria Resort and Casino — will round out the month with a Dec. 16 opening. Residential occupancies at Veer Towers will begin January 2010 while the Harmon will open in late 2010.

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Huge CityCenter Project Prepares for Las Vegas Public Unveiling this Week

The cost: $8.5 billion.  The decision: Let it ride- open the doors to the public!  

The much anticipated CityCenter project in Las Vegas- the largest construction project in the U.S. this year – is taking its opening public curtain calls this week.  

Updated Public Opening Schedule: 

Dec. 1 – Vdara Hotel & Spa opens

Dec. 3 – High-end retail shops, entertainment venues open, featuring Crystal

Dec. 4 – Mandarin Oriental luxury hotel opens

Dec. 16 – The project’s centerpiece, Aria Resort & Casino opens 

Since March, Las Vegas Backstage Access has written extensively on the project, covering it from all angles.  Please check out our articles on March 4 & 25; July 13, 16 & 28; Sept. 3, 17 & 25; Oct. 13 & 18; and Nov. 9, 14, 18 & 19.

C’mon over to Las Vegas and check it out!

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CityCenter Too Big for Mr. Big– Las Vegas?

Turns out Sin City is far from recession-proof. Citigroup Global Markets analyst Anil Daswani has doubts that MGM Mirage’s latest offering on the Las Vegas Strip, the gargantuan $8.5 billion CityCenter, planned for official opening and much fanfare on Dec. 16, will have tourists racing to plunk down what little cash they have left. 

“With CityCenter to open within a month … we do not believe that CityCenter will successfully drive visitation without incentives,” Daswani said in a note. “In our view, 5,000+ new rooms will be hard to absorb.” 

CityCenter is the largest privately financed development in the U.S. 

However, noting visits to Las Vegas are trending down 7% in 2009 while unemployment levels have now hit double digits, having some of the highest unemployment figures in the U.S., Mr. Daswani is concerned the new building will cannibalize demand from MGM’s existing properties while adding pressure to room rates.

Citi has a “sell” rating for MGM Mirage.

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Las Vegas New Year’s Eve Firework Displays to Return to Strip Rooftops

Las Vegas residents and vistors alike finally got some great news– they just may be able to actually see the New Year’s Eve half-million dollars of fireworks displays this year! NewYearsStrip

Las Vegas Events (LVE) and the Las Vegas Convention and Visitors Authority (LVCVA) announced late last week that the New Year’s Eve celebration known as America’s Party: Las Vegas New Year 2010 will include a spectacular fireworks show fired from seven rooftop locations along the three-mile stretch of the Las Vegas Strip. 

Although fireworks displays had been launched from the top of Las Vegas Strip hotels since Dec. 31, 2000, the show was launched from resort parking lots and garages last year when new Clark County fire and safety rules tightened regarding rooftop fireworks following the Monte Carlo rooftop fire in January 2008. 

The lower launch point caused the fireworks display last year to not be viewable at many traditional Las Vegas vantage points. 

But, despite the lower aerial displays, last year’s New Year’s Eve still drew nearly 291,000 visitors to the area, include nearly 30,000 downtown, for an nongaming economic impact of $188 million to Las Vegas, according the Las Vegas Visitors Authority.

 The budget for this year’s Las Vegas show, which is funded by the state’s room tax, has reportedly increased by $50,000 to $550,000– not bad for a poor economic year with many residents out of a job. 

The Las Vegas firing locations (from the south, heading north) this year include the following resort properties: MGM Grand, Planet Hollywood, Aria, Caesars Palace, Treasure Island (TI), Venetian and the Stratosphere. 

Fireworks by Grucci of New York will again coordinate the pyrotechnic display. 

The group recently created the spectacular Grand Opening of the Atlantis Hotel and The Palm Jumeirah in Dubai and has executed numerous presidential inaugurations and citywide celebrations.

 Grucci will also do the fireworks for the $8.5 billion CityCenter grand opening planned for Dec. 16 in Las Vegas. 

Michael Green, a history professor at the College of Southern Nevada, said New Year’s Eve fireworks high above the Strip have become part of the fabric of Las Vegas, commenting, “Granting that Las Vegas is still in a lot of economic hurt, the signs are pointing the right way. So maybe the fireworks will give us something to look forward to and up to.”

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Only One Gambling Site in Las Vegas’ New $8.5 Billion CityCenter

AriaIs gambling in Las Vegas becoming passé with the advent of new venues? 

Gaming regulators in Las Vegas last Friday granted preliminary licensing approval for the only casino component inside the $8.5 billion CityCenter project and suggested the revenue mix might be sharply different from the traditional gaming-driven environment that has existed since Las Vegas’ creation. 

During a hearing that lasted more than two hours, the Nevada Gaming Control Board was told not to expect additional gaming inside the multiple hotel, high-rise residential and entertainment complex. 

Aria, pictured, CityCenter’s 4,004-room centerpiece, was designed as the project’s only casino. Vdara and Mandarin Oriental are nongaming hotels, and Veer Tower is strictly residential. 

Executives from MGM Mirage and Dubai World, its 50-50 partner in the development, explained the CityCenter concept, using a promotional sales video and previewing Aria’s first television advertisement in what will be a $20 million marketing campaign. 

Gaming is not the focal point of the 67-acre project. The casino at Aria, roughly the size of Bellagio, will have only 145 table games and 1,940 slot machines, half of which will be linked to a server-based gaming platform. 

Aria President Bill McBeath said the casino’s revenue projections are modeled with Bellagio, but the CityCenter casino has fewer slot machines. He said Aria is designed to have private gambling salons like other MGM Mirage high-end casinos, but the rooms will not be used immediately. 

“There will be cross-marketing between the properties,” McBeath said. Aria will host MGM Mirage’s private Chinese New Year party for high-end customers at the MGM Grand, Bellagio and other company resorts. 

McBeath said Aria’s slot machines are projected to produce roughly $320 win per unit per day. 

During MGM Mirage’s quarterly earning conference call with analysts, City Center Chief Executive Officer Bobby Baldwin said Aria would produce $1.2 billion in revenue in 2010. 

“The (revenue) projections are optimistic,” Gaming Control Board Chairman Dennis Neilander said. “But they seem reasonable.” 

The three-member control board then recommended unanimous approval for Aria. The Nevada Gaming Commission will consider the recommendation this week.

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