The opening by stages of the vast CityCenter complex has many Las Vegas residents happy on the prospect of 10,000 new jobs, but gambling analysts are watching closely to peer if the thousands of rooms and square feet of gambling space will also be filled by a market already soft on demand. Preparation for Monday's openings of recent wings of Planet Hollywood and the Hard Rock Hotel brings trepidation to gaming observers, who worry that another 1600 rooms stands out as the last item the casino business needs.Both casinos say they're investing someday of Las Vegas, and plan the brand new towers to draw high-rolling guests whose tastes and travelling are unaffected by the recession. But 500 rooms at Planet Hollywood, starting at $350 an evening on weekends, is also hard to fill in a town that has seen even the ritziest casinos and resorts drop rates to maintain occupancy high.
"The tower is for the upscale customer who desires to enjoy an all-suite product," Planet Hollywood Resort President Bill Feather told the Las Vegas Review-Journal.
Meanwhile, the Hard Rock additions are to bring the extent of amenities on the casino in step with Strip hotels, consistent with COO Randy Kwasniewski. Penthouse suites and villas top the loads of rooms added to a hotel that just expanded in July.
Each Vegas gambling operator is struggling to be capable of get a head start at the industry when prosperity returns to the large casino resorts. But, with the rising acclaim for regional casinos ands Internet gambling, Las Vegas operators may find market tastes have changed leaving the demand for brand spanking new Vegas rooms permanently soft.
Published on December 25, 2009 by EdBradley
Read More... [Source: Las Vegas Casinos in the News]
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