LAS VEGAS-With 25 months to go before the scheduled opening of its $7.4-billion mixed-use development on the Las Vegas Strip, MGM Mirage has begun setting the table for CityCenter. The casino operator announced several major personnel shifts at its resorts that it says are integral to the success of the new mini-city under construction across from its MGM Grand Hotel & Casino.

Scheduled to open in November 2009, CityCenter includes a 4,000-room resort casino, 2,650 condominiums in multiple towers, two 400-room non-gaming hotels and 470,000 sf of retail and entertainment space. In August, MGM Mirage sold a 50% stake in the development for $2.7 billion to Dubai World, a conglomerate responsible for the Atlantis developments and the Palm and World developments off the coast of Dubai.

Bill McBeath, president of the Bellagio since early 2005, is now the president of the 4,000-room casino-resort under construction at CityCenter. McBeath also will oversee one of the planned 400-room non-gaming hotels, the Vdara Condo Hotel. Prior to the Bellagio, McBeath was president and COO of the Mirage.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.