seafan
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Thu Aug-23-07 11:46 AM
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| Dubai makes big bet on the Las Vegas strip |
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August 23, 2007
A holding company for the Persian Gulf state of Dubai has laid down a big marker on the Las Vegas Strip - a $5-billion investment that gives it a chunk of MGM Mirage and 50 percent of a massive entertainment complex the casino operator is building. Dubai World will pay $2.7-billion for half of the 76-acre CityCenter complex under construction in the heart of the strip, and buy up to $2.4-billion in MGM Mirage Inc. stock, the company said Wednesday. The investment removes a significant debt load from the $7.4-billion CityCenter.
First our ports, now that demon gambling.
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| ayeshahaqqiqa
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Thu Aug-23-07 11:53 AM
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| 1. Not a "faith based initiative" |
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since Islam forbids gambling.
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| EnricoFermi
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Thu Aug-23-07 11:54 AM
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| 2. They are attempting to become the entertainment capital of the world |
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Edited on Thu Aug-23-07 11:56 AM by EnricoFermi
I would bet that they will make similar proposals to other gambling and entertainment cities, if they haven't already. I bet they even start to buy up cruise lines, airlines, and parts of Hollywood at some point.
Oil is going to run out, and Dubai's strategy is to become the Mecca of the elite and the high rollers. I'm not sure how this will go over with the world of Islam though. I'm pretty sure they don't care. Rich CEO's and royalty are a lucrative market these days as we are essentially returning to feudalism.
Us plebes are all fucked though, unless we wake up and take it down.
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DU
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Tue Apr 23rd 2024, 08:49 PM
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