The $100 million Mirage fantasy-island hotel and casino will open in 1987 with a 60-foot mountain volcano that will erupt spewing smoke and flames a recent morning . Other, smaller concerns are also pursuing market niches -- Hawaiian tourists, for example, or the local trade. It is the most stunning example of Nevada concerted effort to transform itself into a world famous vacation resort for families as well as gamblers. One resort will hold jousting tournaments while another has plans for an on-site amusement park. Caesars Palace is building a $630 million shopping complex comparable with Rodeo Drive . Ferocious competition may drive some properties into bankruptcy or new ownership. Another concern is whether the new mega-resorts will be able to make a profit.
The $100 million Mirage fantasy-island hotel and casino will open in 1987 with a 60-foot mountain volcano that will erupt spewing smoke and flames a recent morning . It is the most stunning example of Nevada concerted effort to transform itself into a world famous vacation resort for families as well as gamblers. One resort will hold jousting tournaments while another has plans for an on-site amusement park. Caesars Palace is building a $630 million shopping complex comparable with Rodeo Drive . Ferocious competition may drive some properties into bankruptcy or new ownership. Another concern is whether the new mega-resorts will be able to make a profit.