FUTURE OF VEGAS (HONEST!)

BY REX

TODAY LAS VEGAS IS IN THE MIDSTS OF A BUILDING BOOM. MGM IS BUILDING CITYCENTER, A CITY WITHIN THE CITY AT A COST OF $7 BILLION DOLLARS LOCATED ON THE STRIP. CITYCENTER WILL INCLUDE A 4,000 ROOM HOTEL CASINO AND FOUR HIGH RISE CONDOMINIUMS TOWERS. LAS VEGAS SANDS CORP. WILL OPEN THE PALAZZO LATER THIS YEAR WITH 3025 ROOMS. WYNN HAS BEGUN CONSTRUCTION ON ENCORE A $1.4 BILLION 2000 ROOM RESORT RIGHT NEXT DOOR TO HIS NEW WYNN CASINO RESORT. BOYD GAMING RECENTLY CLOSED THE OLD STAR DUST CASINO AND AFTER IMPLODING IT, WILL BEGIN CONSTRUCTION ON ECHELON PLACE, A SWISS THEMED CASINO RESORT , WITH A COST OF $4 BILLION DOLLARS AND 5300 ROOMS. OFF THE STRIP, STATION CASINO WILL BEGIN CONSTRUCTION ON ALIANTE STATION IN NORTH LAS VEGAS.
IT TAKES 2.5 EMPLOYEES FOR EVERY ROOM BUILT. THAT’S 113,500 NEW JOBS. LAS VEGAS GROWS AT A RATE OF 7300 NEW PEOPLE MOVING TO VEGAS EACH MONTH, AND AT THAT RATE THE LABOR POOL WILL BE SHORT. SO, DO YOU NEED A JOB? BUT BEFORE YOU PACK UP THAT U-HAUL, LET ME REMIND YOU IT’S A DOG EAT DOG WORLD OUT THERE! WHEN WYNN OPENED THE NEW WYNN CASINO THERE WERE 9000 NEW JOBS AND 110,000 APPLICANTS. THESE APPLICANTS CAME FROM EXISTING CASINO JOBS AT THE OLDER VEGAS CASINOS, SO BE PREPARED TO TAKE AN OLD JOB AT LOWER PAY. THE RIPPLE EFFECT WILL CREATE A TSUNAMI IN THE LABOR MARKET AS AN EMPLOYEE FROM THE MIRAGE WILL TAKE A NEW JOB AT THE CITYCENTER AND AN EMPLOYEE FROM TREASURE ISLAND MOVES UP TO TAKE THE JOB AT THE MIRAGE, FOLLOWED BY AN EMPLOYEE FROM THE SILVERTON TAKING THE JOB AT TREASURE ISLAND, ETC. ALL ALONG THE WAY YOU NEED “JUICE” TO GET THE GOOD JOBS.
HELP KEEP NEVADA GREEN, BRING LOT’S MONEY !!!!