Las Vegas, home to Elvis tribute acts and rambling casinos. This area means that guests are less in the way of winners and more in the way of losers. However, no longer is this the reputation that the city will soon have for coming soon to Las Vegas is a series of delectable treats.

Recently, the whole of Las Vegas has been given a complete change. Gone are the rambling and run down casinos, cheap hotels and half decent resorts. A new system is in place and these are called the mega-resorts! These are the premier investment properties in Las Vegas.

After recent openings of the Wynn and The Bellagio in Vegas, which were known as luxury hotels to rival the best hotels in the world. A whole new large-scale development system has been planned out with at least five new hotels and resorts planned to open before 2010.

These two resorts, the Wynn and The Bellagio have started a development frenzy in Las Vegas. They are knocking down the older and less fashionable hotels, casinos and resorts to make way for those that can rival only the best resorts in the world. Tourists hoping to win big with the influence of the new hotels and sparkling lights are travelling from far and wide to get a piece of the action.

Before the end of 2010 it has been reported that at least five new mega-resorts will have their doors open to the general public. The Wynn has planned a sister hotel which will be called The Encore. This resort will have no less than 2054 rooms scaling 653 feet in height. This resort alone will reach costs of around $1.74 billion and is said to be the next tourist attraction to have holidaymakers flocking to Vegas.

The Palazzo is going to be a new sister hotel for the luxurious Venetian resort and with its doors to be opened very soon. The two resorts combined are set to be the largest resort of its kind anywhere in the world. With 7000 rooms and the Palazzo alone having 3025 rooms, it is surely going to be the next celebrity place of choice.

Currently in the construction process is the MGM Mirage $7.7 billion project that is to build a series of hotels and resorts on the strip in Las Vegas itself. Named as Project CityCenter, the series of hotels will again have over 7000 rooms once complete. MGM Mirage is said to be backing new plans to build another similar series of resorts that will be situated north of the famous resort Circus Circus. Not only that but Mr. Steve Wynn himself is said to be changing the gold course and centre that is sat behind the Wynn hotel into another multi-billion dollar series of hotels and resorts.

The Crown Las Vegas is currently going through the planning permission stages of its development. I is set to be the biggest and tallest resort reported to be standing at over 1880 feet in height. The Stratosphere currently stands 700 feet less than this. The Crown Las Vegas will span over 142 floors and with the development in motion, the giant should soon start to appear.

With all of these plus a new Elvis themed property apparently being in the pipeline, Las Vegas real estate is ready for a major overhaul. This will bring back the tourists from all over the globe and small time gamblers flocking hoping to be big time millionaires!