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Uptick in MGM Mirage bookings offers hope for Strip turnaround

Las Vegas Sun,  Monday, June 7, 2010 at 12:54:47 PM

MGM Mirage executives are optimistic that CityCenter, an $8.5 billion resort complex that has increased hotel room volume at a time of depressed demand, will soon turn a profit.

That would be a tall order if the company were simply relying on budget-conscious tourists returning to Las Vegas more frequently and spending more while they're here. Plenty of anecdotal evidence indicates that won't happen in the near future.

That's why MGM executives are counting on conventioneers. They say they have booked many more groups and room blocks for conventioneers in recent months.

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