Gone are the days where Las Vegas real estate was seen as a tacky tourist resort full of bad Elvis Tribute acts and run down casinos where the guests were more losers than winners.
Recently, the whole of Las Vegas has been given a complete change. Gone are the rambling and run down casinos, cheap hotels and half decent resorts. A new system is in place and these are called the mega-resorts!
After recent openings of the Wynn and The Bellagio in Vegas, which were known as luxury hotels to rival the best hotels in the world. A whole new large-scale development system has been planned out with at least five new hotels and resorts planned to open before 2010.
It was the two hotels, The Bellagio and the Wynn that sparked the development frenzy. Crushing over the older and more run down hotels to make way for a brand new sparkling reputation filled with lights, big winners and luxurious accommodation.
Before the end of 2010 it has been reported that at least five new mega-resorts will have their doors open to the general public. The Wynn has planned a sister hotel which will be called The Encore. This resort will have no less than 2054 rooms scaling 653 feet in height. This resort alone will reach costs of around $1.74 billion and is said to be the next tourist attraction to have holidaymakers flocking to Vegas.
The Wynn has started a trend which The Venetian has followed also opening a sister hotel called the Palazzo. This is meant to be opening very early on in 2009. The Venetian and The Palazzo combined will have over 7000 rooms. This is said to be the largest integrated destination resort that the world will have ever seen.
Currently in the construction process is the MGM Mirage $7.7 billion project that is to build a series of hotels and resorts on the strip in Las Vegas itself. Named as Project CityCenter, the series of hotels will again have over 7000 rooms once complete. MGM Mirage is said to be backing new plans to build another similar series of resorts that will be situated north of the famous resort Circus Circus. Not only that but Mr. Steve Wynn himself is said to be changing the gold course and centre that is sat behind the Wynn hotel into another multi-billion dollar series of hotels and resorts.
There are talks of the biggest ever resort to hit Las Vegas being in the development line called the Crown Las Vegas. This is said to be the biggest and best resort that the City will have ever seen. The Stratosphere is currently one of the largest hotel in Las Vegas. The Crown Las Vegas will reportedly be over 700 feet higher than this, measuring in at an extraordinary 1888 feet tall. 142 floors are planned for the massive structure and apparently the development is currently at the planning permission stage.
With new resorts and even an Elvis themed property being planned and popping up, making Las Vegas real estate the ultimate holiday destination. This is fast moving from a dream to a reality and with the old and outdated going out and the new, fresh and modern coming in, Las Vegas could soon be the brightest and best place on earth!