Las Vegas welcomed its latest billion dollar resort last weekend when The M Resort opened its doors to the public. The casino plans to target the South Las Vegas and Henderson markets, as well as any tourists who may be willing to stay off the strip. The hotel tower features 390 rooms and 35 suites ranging from 550-2400sq ft. Rooms are loaded with the latest high tech conveniences including iPod docking stations, BOSE ‘Wave’ sound systems, and 42” LCD TVs. Bathrooms are luxuriously appointed with double marble sinks, a separate tub and shower, and a TV in the bathroom.

The gaming floor features 64 tables, just shy of 2000 slot and video poker machines, a 12-table poker room, and an exclusive high-limit VIP area. Dealers are assigned to the same table for at least one month at a time, making it easier to find a friendly and familiar face.

“At the heart of the M Resort casino floor lies a one-of-a-kind high-energy gaming area known as the Jewelry Box, which is exclusive to the resort. While many can only dream about having gorgeous emeralds, rubies, sapphires and diamonds in their jewelry box, the M Resort’s actually does, with each jewel representing a different payout. “There are 124 machines that randomly reward up to $5,000 to players,” said Rich Strafella, Vice President of Casino Operations, M Resort. Every Jewelry Box reward is celebrated with a dazzling visual presentation for everyone to enjoy.”

You can find more info at their website: http://www.themresort.com

No more fun and games for MGM Mirage, the company announced that it expects to default on its debt later this year unless the economy improves. MGM Mirage also announced that it will delay it annual filings until March 17th. The Company has not posted any financial reports since September, so this upcoming filling should reveal a lot about the financial health of the company.  MGM Mirage still needs to raise an estimated $1.2 Billion to finish their City Center project, but may have a hard time raising that cash if credit markets continue to remain weak.

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Posted by Jacob on 03/06 at 09:32 PM
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