Advertisement

MGM Grand planning revamp of Las Vegas Strip front

Bookmark this
January 17, 2019 By Todd Prince

The 25-year-old MGM Grand is planning to revamp its Strip facade.

Executives are studying ways to create more buzz on its segment of Las Vegas Boulevard to attract more pedestrians, said MGM Grand President and Chief Operating Officer Scott Sibella, who has been running the property the past seven years.

“We are discussing redeveloping that entire frontage of the building out to the Las Vegas Strip,” Sibella said.

MGM Grand has 700 rooms in the west wing — the former Marina hotel — that stretches toward the boulevard “and our goal is to blow it out to the Strip and open it up like some other properties have done,” he said.

Pedestrians strolling by MGM Grand along the Strip enter the sprawling building only through an elevator or find an entrance tucked in a side street.

The revamp will include restaurants and retail, allowing more people to enter the sprawling 5,000-room property from the Strip side, he said.

New York-New York and Caesars Palace are among resorts that have restaurants opening onto the Strip.

Las Vegas-based Union Gaming analyst John DeCree said following suit “makes a lot of sense.”

“MGM Grand’s connectivity with the Strip is pretty difficult. I can’t imagine many people wander into the Grand by accident,” DeCree said.

MGM Grand already has occupancy levels above 90 percent, so there is not much revenue left to squeeze from rooms, DeCree said. But, the property could pull in foot traffic leaving T-Mobile Arena or the Park Theatre across the street.

MGM Grand would “redo” the dome area that is bordered by Hakkasan, the experimental gaming area Level Up and the sports book, Sibella said. A representative for Hakkasan Group said Wednesday the nightclub does not have any announcements regarding renovations.

Sibella said work on the project would likely not start this year and he did not give the potential value of the investment.

Focus at home

MGM Resorts has finished a massive $6 billion investment cycle outside Las Vegas in the past few years, giving it more time to focus on its Strip properties.

Last month the company completed a two-year, $550 million overhaul of Park MGM, which features Eataly — a large food and retail area right on the Strip.

DeCree said the MGM Grand could take a page from Park MGM.

“Eataly is tremendously inviting from the Strip,” he said.

MGM Grand will incorporate lessons learned at Park MGM into its plans, Sibella said.

MGM Grand investments

The facade plans are the latest changes to come to MGM Grand. The property opened a new $130 million conference center this month.

The main entrance on Tropicana will also be overhauled in the coming years, MGM Resorts International Chairman and CEO Jim Murren told investors in May.

MGM Grand is the largest property in the company’s portfolio by rooms and second-largest by earnings.

MGM Grand was on course to post nearly $400 million in cash flow in 2018 – or slightly more than $1 million a day. That would be a record and the highest since 2007.


Recent Articles

Arcade City attraction opens at mall on Las Vegas Strip

Arcade City attraction opens at mall on Las Vegas Strip

in News

Looking for a way to pass the time while your partner shops? The Fashion Show mall on the Las Vegas Strip has a new tenant that can help you do just that: Arcade City.

May 21, 2019 By Caitlin Lilly

‘Into The Woods’ kicks off outdoor Super Summer Theatre lineup

‘Into The Woods’ kicks off outdoor Super Summer Theatre lineup

in Entertainment News

Super Summer Theatre kicks off its 2019 series with “Into the Woods” this week, and director Joe Hynes ensures it will be magical — for more reasons than one.

May 20, 2019 By Janna Karel

Free and dollar movies in Las Vegas will entertain your kids

Free and dollar movies in Las Vegas will entertain your kids

in Entertainment News, News

Summer is long, and parenting is hard. These free and $1 movie screenings, though, should keep your kids entertained and give you a couple of hours of peace and quiet.

May 19, 2019 By Christopher Lawrence

A look at Night 1 of EDC Las Vegas — PHOTOS

A look at Night 1 of EDC Las Vegas — PHOTOS

in Entertainment News

Electric Daisy Carnival 2019 is underway at Las Vegas Motor Speedway!

May 18, 2019 By Las Vegas Review-Journal

Advertisement

Must Read Articles

Three Basic Immigration Laws You Need to Know

Three Basic Immigration Laws You Need to Know

in Sponsored Content

Immigration is one of the most talked about -- yet least understood topics -- in today’s headlines.

December 26, 2017 By Law Offices of Peter L. Ashman

Bunk bed rooms coming to Las Vegas Strip hotel

Bunk bed rooms coming to Las Vegas Strip hotel

in Future Las Vegas, News

The next phase of the Flamingo Las Vegas’ remodeling project includes 14 new bunk bed rooms along with several bunk bed suites.

December 12, 2018 By Bailey Schulz

Locals’ guide to free and unrestricted Las Vegas pools

Locals’ guide to free and unrestricted Las Vegas pools

in Entertainment News, News

See our list of some of Las Vegas’ top dayclubs, as well as pools that are not restricted to hotel guests.

March 27, 2018 By Al Mancini