Vegas Seven – Jim Murren is playing the long game on the Strip. “We have a very strong feeling of what Las Vegas is going to look like five to 10 years from now,” the MGM Resorts International chairman said recently when describing the details of the Park, an entertainment and retail complex between the company’s New York-New York and Monte Carlo properties. “It’s very different from today—and when this is done in 2016 we’ll see if we’re right.”
The Park is a bet on both the great outdoors (the kind of urban walking experience we’ve seen at Caesars’ Linq) and also on the great indoors (it will be anchored by a 20,000-seat arena). Both bets have roots in Las Vegas’ heritage as an entertainment capital, but they’re notable for their openness to the street and for the degree to which gaming is marginal. More than ever, resort operators want to offer a full-spectrum experience.
And with MGM’s massive footprint of hotel rooms and convention space, more Park-type developments could follow between and among the company’s holdings. An interesting way to ponder the Strip’s trajectory is to follow Murren’s lead, play the long game, and imagine what it will look like in 2019.
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Jim Murren is playing the long game on the Strip.
“We have a very strong feeling of what Las Vegas is going to look like five to 10 years from now,” the MGM Resorts International chairman said recently when describing the details of the Park, an entertainment and retail complex between the company’s New York-New York and Monte Carlo properties. “It’s very different from today—and when this is done in 2016 we’ll see if we’re right.”
The Park is a bet on both the great outdoors (the kind of urban walking experience we’ve seen at Caesars’ Linq) and also on the great indoors (it will be anchored by a 20,000-seat arena). Both bets have roots in Las Vegas’ heritage as an entertainment capital, but they’re notable for their openness to the street and for the degree to which gaming is marginal. More than ever, resort operators want to offer a full-spectrum experience.
And with MGM’s massive footprint of hotel rooms and convention space, more Park-type developments could follow between and among the company’s holdings.
An interesting way to ponder the Strip’s trajectory is to follow Murren’s lead, play the long game, and imagine what it will look like in 2019.
– See more at: http://vegasseven.com/2014/05/05/mgms-park-future-strip/#sthash.o3ioOgLp.dpuf
Jim Murren is playing the long game on the Strip.
“We have a very strong feeling of what Las Vegas is going to look like five to 10 years from now,” the MGM Resorts International chairman said recently when describing the details of the Park, an entertainment and retail complex between the company’s New York-New York and Monte Carlo properties. “It’s very different from today—and when this is done in 2016 we’ll see if we’re right.”
The Park is a bet on both the great outdoors (the kind of urban walking experience we’ve seen at Caesars’ Linq) and also on the great indoors (it will be anchored by a 20,000-seat arena). Both bets have roots in Las Vegas’ heritage as an entertainment capital, but they’re notable for their openness to the street and for the degree to which gaming is marginal. More than ever, resort operators want to offer a full-spectrum experience.
And with MGM’s massive footprint of hotel rooms and convention space, more Park-type developments could follow between and among the company’s holdings.
An interesting way to ponder the Strip’s trajectory is to follow Murren’s lead, play the long game, and imagine what it will look like in 2019.
– See more at: http://vegasseven.com/2014/05/05/mgms-park-future-strip/#sthash.o3ioOgLp.dpuf
