MGM had its first quarter conference call. I listened to the replay, and there was really only one takeaway that I felt the need to write about - the City Center Cirque du Soleil Elvis show!
This isnt really new news, but in light of the recent (high end) Elvis Presley casino that might get built across the street, I couldnt help but think the corner of Las Vegas Boulevard and Harmon could become the new Graceland!
This is pretty crazy, but I hope it works. You couldnt ask for a better location than this. If the Elvis casino doesnt work out, you’d have to think something else will go up. The location is just too good for anything other than a new megaresort.
New York-based FX Real Estate and Entertainment is planning an Elvis-themed hotel-casino development for nearly 18 acres on the Strip across from CityCenter, according to a Securities and Exchange Commission filing this week.
Connolly, who has done tribute shows to the entertainer at the Aladdin, Riviera, Bally’s, MGM Grand and Fitzgeralds, says the interest in Elvis is still high enough to make the resort a success.
“I think there is enough of a draw,” said Connolly, who moved to Las Vegas from Boston 12 years ago. “He’s sold billions of records and still made $50 million last year.” (more…)
Las Vegas Casinos & Entertainment