Las Vegas Homes A Good Investment for MGM Mirage
After its annual shareholder meeting, it is increasingly evident that MGM
Mirage expects Las Vegas homes to be an important factor in its continued
plans for growth. Thanks to the booming Las Vegas homes market, Las Vegas
condos now have a better return than gambling ventures. The company's most
touted project is the $4.7 billion CityCenter, which will contain multiple
hotels and condominium towers.
In total, MGM Mirage is the owner of 831 acres on the Las Vegas strip.
It will be working to build on the 150 acres of undeveloped land in its
portfolio. Since the year 2000, MGM Mirage has invested more than $2.3
billion in capital in its property holdings.
By cashing in on Las Vegas residential real estate and diversifying its
investments, the intention is to maintain momentum for the company and
help Las Vegas evolve beyond its roots as a tourist center into a world
class city
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