Luxury Resort
Las Vegas local market, which is dominated by gaming giants like Station Casinos and the Boyd Gaming Corp, will see a new entrant in 2008. The $750 million Southern Highland Casino Resort will be built on 100 acres at Interstate 15 and St. Rose Parkway.The groundbreaking of the project will take place in 2006 but designing of the project will take most the year. Many feel the amount to be spent is exorbitant, because in the past the $276 million spent by Swiss casino on the resort in Summerlin went bankrupt within few months. But keeping in mind that the future growth of valley lies along the Interstate-15 southward towards California the amount is not huge.
The Las Vegas valley projects a 6% to 9%growth by the year 2008 when Highland Casino will be opened, so the resort can exploit the growth rate to its advantage. In addition to the drive in traffic from California other upcoming retail projects in the area will also be an asset to the casino resort.
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