Photographers only work at night in Vegas: The Cosmpolitan; Lady Luck, via LVRJ
Wire news out of Vegas: The Cosmopolitan, that long-suffering 2,995-room hotel and casino tower that sits between City Center and the Bellagio in Las Vegas is now taking reservations in anticipation of a Dec. 15 opening, according to the Associated Press. After its owners entered into default, Deutsche Bank paid $1 billion for the unfinished hotel in 2008. The arrival of the Cosmopolitan is news which has brought conflicting reports that this newest hotel will both hurt or help business along the Strip.
Aside from the impact it may have on the city, the "8.7-acre development is expected to be the last new Strip casino for at least a few years. Other projects, including the Carl Icahn-owned Fontainebleau Las Vegas and Boyd Gaming Corp.'s Echelon, are on hold indefinitely as their owners wait for more favorable market conditions."
Meanwhile, there's movement on the long-closed CIM Group-owned Lady Luck Casino at Third Street and Ogden Avenue. Last month, the Las Vegas Planning Commission approved plans to both renovate rooms and renovate the casino, according to Las Vegas Review Journal. Closed since 2006, the hotel may re-open in late 2012, news which should make local officials happy. Last summer, Las Vegas Mayor Oscar Goodman famously called the shuttered casino a "disaster," coining the skeletal structure a "carcass."
Meanwhile, remember how President Obama's remarks about how families shouldn’t blow their college savings in Las Vegas pissed off Nevada Gov. Jim Gibbons? Still angry, Gibbons is refusing to meet with the president when he comes through Las Vegas this week. Gibbons blames the president for damaging his state's economy.
· Cosmopolitan in Vegas begins taking reservations [Associated Press]