Saturday, June 07, 2008

dubai-dubai-doooooo.

Las Vegas is proving itself to be a model for international gaming ventures. First Macau, now Dubai. From the Las Vegas Review Journal:

Dubai firm sets sights on LV hospitality: Investors aim to grow Light Group's brand

By BENJAMIN SPILLMAN

It's been less than two decades since business leaders in Dubai sought to transform the desert emirate into a leading global tourism destination.

Now an investment firm that grew from the roots of Dubai's transformation wants to reinvent hospitality in Las Vegas, long one of the world's top tourist spots.

"We should be able to do it better," said Mohammed Ali Al Hashimi, head of Zabeel Investments, a financial firm that recently bought a 50 percent stake in the Las Vegas-based Light Group.

Zabeel is a private company with a stake in everything from real estate to aeronautics and a property portfolio with an estimated $5 billion value, according to news reports.
Read more.

Dubai is one of those places in the world I'd love to see some day. It's such a rich nation, I bet even the homeless people wear Armani.