Mandalay Bay: A $950 Million Luxury Resort Unveiled in Las Vegas

Strategic Insights -

Circus Circus Enterprises, a leading hospitality and gaming company, has unveiled the concept and name of its newest Las Vegas hotel and casino, Mandalay Bay. This $950 million luxury destination resort is a 3,700-room complex situated on 60 acres just south of the company's pyramid-shaped Luxor resort. Mandalay Bay will feature a range of attractions, including a 10-acre tropical lagoon, world-class restaurants, and a 30,000-square-foot spa. The resort will also have a Four Seasons Resort integrated into its design, occupying approximately 400 rooms on the 35th-39th floors.

Key Takeaways:

  • Mandalay Bay is a $950 million luxury resort in Las Vegas, featuring 3,700 rooms and a 10-acre tropical lagoon.
  • The resort will have a Four Seasons Resort integrated into its design, occupying 400 rooms on the 35th-39th floors.
  • Mandalay Bay will feature world-class restaurants, a 30,000-square-foot spa, and multiple entertainment options.
  • The resort is expected to open in the first quarter of 1999.
  • Circus Circus Enterprises owns and operates 10 properties in Nevada and has a significant presence in other states, including Mississippi, Illinois, and Florida.
  • Mandalay Bay is part of the company's Masterplan Mile development, which aims to create a luxury destination resort.

Statistics:

  • Mandalay Bay will have 3,700 rooms and a 10-acre tropical lagoon.
  • The resort's Four Seasons Resort will occupy approximately 400 rooms on the 35th-39th floors.
  • Mandalay Bay's spa will be 30,000 square feet in size.
  • The resort is expected to open in the first quarter of 1999.
  • Circus Circus Enterprises owns and operates 10 properties in Nevada.
  • The company has a significant presence in other states, including Mississippi, Illinois, and Florida.

Sources:

  • "Mandalay Bay to Debut in Las Vegas," Business Wire, February 18, 1998.
  • "Circus Circus Enterprises, Inc.," Business Wire.
  • "Las Vegas Sands Corporation," SEC Filings.
  • "Circus Circus Enterprises," Hoover's Company Records.