Archive for April, 2012

Toronto To Get Some Las Vegas

Monday, April 23rd, 2012

Last week, there was news that MGM Resorts International was very interested in setting up shop in Toronto. There was so much interest from MGM Resorts International that they hired a local firm to represent them in lobbying support for their proposal.

Currently, MGM Resorts International owns quite a number of the most popular casinos in Las Vegas, including the Bellagio, Luxor, Mandalay Bay and The Mirage, and they also own casinos in Detroit as well as Dubai.

The latest development is that now, Nevada’s infamous top high class brothel, Moonlite Bunny Ranch also wants to set up shop in Toronto as well.

Both companies are known for being leading entertainment providers, and it’s not much of a surprise that they have come knocking on Toronto’s door. Chances are, these two companies will not be the only ones that come around to Toronto to try and set up shop.

Toronto could soon offer up a slice of Las Vegas if these proposals do get approved. MGM Resorts International is prepared to invest billions to develop a casino resort like one that can be found in Las Vegas, which would include hotels, casino, shops, and restaurants. Essentially, they would be looking to create an entertainment hub in Toronto, which the Ontario government wants.

No matter what, even with a piece of Las Vegas in Toronto, Las Vegas will always be Las Vegas.

Las Vegas Competing With Macau

Friday, April 20th, 2012

There’s no place like Las Vegas. That being said, maybe there could be? Las Vegas has always attracted tourists for gambling, for bachelor and bridal parties, birthday bashes, and impromptu weddings. The biggest attraction has always been gambling though, despite offering up amazing entertainment, restaurants, and parties.

Now here’s the thing. The gambling industry has expanded, and with it, so has the number of casinos. One such casino is one in Singapore, built by Sheldon Adelson, the owner of Las Vegas Sands. In the first year alone, his operation in Singapore raked in $1 billion. That’s a lot of gambling! Adelson also has a casino in Macau, which is pretty much the biggest hot spot for gambling right now. His latest operation in Macau cost a cool $4.4 billion, but is this operation is as successful as his Singapore operation, then he’ll make his money back and then some likely within the next few years.

It’s strange to think of Las Vegas as not being the gambling capital of the world, but it’s starting to look that way. Last year alone, betters spent $33.5 billion in Macau, Las Vegas’ biggest competition. The kicker here is that last year, betters only spent $6 billion in Las Vegas. Is this a sign of a major change in the gambling industry? Perhaps. One thing for sure though is that Las Vegas will always be a good time, and with their ever changing ways, they will remain a popular destination for gamblers around the globe.

MGM Working Towards Toronto Expansion

Wednesday, April 18th, 2012

It looks like Las Vegas won’t be the only city with an MGM casino resort if MGM can secure themselves a place in Toronto. As it turns out, MGM Resorts International really does want this to happen, as they have only started their campaign in Toronto, recently hiring lobbyists to help them.

Staff from MGM’s development team paid a visit to Toronto recently, and took a look around. It can only be assumed they liked what they saw, because they hired Sussex Strategy Group to champion their case at city hall. So far, Sussex Strategy Group has managed to gain an audience with Toronto Mayor Rob Ford’s staff, as well as multiple councillors and political aides. It is a slow process, but it’s a step in the right direction.

Toronto is long overdue for a casino, and there has been much debate and uproar over it. Many Torontonians do not want it, and many others do.

If their efforts pay off, MGM could soon get approval to open up shop in Toronto. MGM Resorts International will invest billions into their project, and the cost could be as high as $6 billion. MGM does not just see building a casino in Toronto; they see a heck of a lot more. They literally want to bring Las Vegas with them, and open up a casino resort with all the fixings, including hotels, restaurants, spas, convention facilities and a casino. The project would be a huge undertaking, but if anyone could do it, MGM can.