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Why China loves Las Vegas • This Week in Gambling
Las Vegas Sun – They’re buying into Las Vegas like never before. They’re pumping cash into major resort projects and big stage productions on the Strip and they’re purchasing single-family homes in quiet neighborhoods. Who are they? Chinese investors. And they’re propelling Las Vegas’ recovery from the recession. They are quietly helping to bankroll the $415-million SLS Las Vegas, a nightclub-themed resort set to replace the Rat Pack stomping grounds of the Sahara and shake up the struggling north end of the Strip. A quarter of the investment came from foreign bank accounts, mostly in China. Money from China is...
This Week in Gambling