A True Mirage - Online Casino Style

11/03/2008		A True Mirage
Home History Games News Dictionary		MGM Mirage is planning on making their way through the desert to create a particularily affluent oasis. The company, famous for their casinos, plans on dropping $2.9 billion into the project in the Middle East, setting up shop in the form of a non-gambling (boo) resort and hotel in Abu Dhabi, the capital of and second largest city of the United Arab Emirates. The plans so far entail at least 50 acres of land set in downtown Abu Dhabi Island, a waterfront site to home multiple buildings to consist of the new MGM desert empire. The main structure will be a MGM Grand Hotel, flanked by two other luxury hotels with the MGM insignia. The three main buildings are large enough to house more than 1,200 rooms. Plans have been approved additionally for an array of shops and restaurants, a 12,000-person capacity arena for sports and events, as well as lots designated for personal residences along the water, and private yacht berths. This construction is not completely unlike the project in Las Vegas, the MGM Mirage’s $6.3 billion dollar City Center set to open in late 2009. Although the expense of both creations would be astronomical, the sales of luxury residential apartments and villas will offset much of the initial cost of construction, the remainder of which is expected to be paid off within the first two years of opening. Condominium sales alone are expected to eliminate almost $3 billion dollars of the debt. The Abu Dhabi project is the first of the new MGM Mirage Hospitality, a segment of its parent company designed specifically for those projects that do not include gambling and casinos. It is said that they are still in the market for other sites to develop. The Abu Dhabi also is noted as MGM’s first introduction into regions principally Muslim. There will be alcohol available, but unfortunately, some perks such as ‘perky’ cocktail waitresses will not be making similar transitions into the Middle East.

11/03/2008

A True Mirage

MGM Mirage is planning on making their way through the desert to create a particularily affluent oasis. The company, famous for their casinos, plans on dropping $2.9 billion into the project in the Middle East, setting up shop in the form of a non-gambling (boo) resort and hotel in Abu Dhabi, the capital of and second largest city of the United Arab Emirates.

The plans so far entail at least 50 acres of land set in downtown Abu Dhabi Island, a waterfront site to home multiple buildings to consist of the new MGM desert empire. The main structure will be a MGM Grand Hotel, flanked by two other luxury hotels with the MGM insignia. The three main buildings are large enough to house more than 1,200 rooms. Plans have been approved additionally for an array of shops and restaurants, a 12,000-person capacity arena for sports and events, as well as lots designated for personal residences along the water, and private yacht berths.

This construction is not completely unlike the project in Las Vegas, the MGM Mirage’s $6.3 billion dollar City Center set to open in late 2009. Although the expense of both creations would be astronomical, the sales of luxury residential apartments and villas will offset much of the initial cost of construction, the remainder of which is expected to be paid off within the first two years of opening. Condominium sales alone are expected to eliminate almost $3 billion dollars of the debt.

The Abu Dhabi project is the first of the new MGM Mirage Hospitality, a segment of its parent company designed specifically for those projects that do not include gambling and casinos. It is said that they are still in the market for other sites to develop. The Abu Dhabi also is noted as MGM’s first introduction into regions principally Muslim.

There will be alcohol available, but unfortunately, some perks such as ‘perky’ cocktail waitresses will not be making similar transitions into the Middle East.