The reality star will be bringing in the New Year at 1-OAK Nightclub at the Mirage Hotel and Casino on the Vegas Strip.

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And Taubman will help develop 500, 000 square feet of retail space at MGM Mirage's City Center casino on the Las Vegas Strip, slated to open in 2009.

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Kirk Kerkorian's MGM Mirage, for instance, is planning a casino on the Strip aimed at 25- to 35-year-olds.

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Kerkorian also controls MGM Mirage, the Las Vegas-based hotel-casino company.

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It's been a lousy run of luck for casino stocks lately, and none more so than MGM mirage (46, MGM), which is down 43% this year.

FORBES

Other casino companies such as Harrah's Entertainment and MGM Mirage were said to be looking for a slice of the action in the U.K., but Genting swooped in and captured the dominant position.

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With the help of my friends at MGM Resorts International, which owns most of the highest profile Vegas casino resorts, including the Bellagio, Aria, Mandalay Bay, Mirage, MGM Grand, Monte Carlo, New York New York, Luxor, Excalibur and Circus Circus, I put together a Top 10 list of the biggest and best sporting events worth traveling to Vegas for.

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Casino owner Steve Wynn built a water recycling plant in the early 1990s, underneath the Mirage Volcano and the Treasure Island Pirate Lagoon.

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The casino mogul changed the face of Las Vegas, opening the multi-entertainment-themed Mirage in 1989, with its exploding volcano, and the superluxury Bellagio in 1998.

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In addition to the Mirage Volcano and the Treasure Island lagoon, there are the Venetian Hotel's canals and the Bellagio Hotel and Casino's fountains, with jets that shoot water skyward, choreographed like showgirls to music.

NPR: Stakes High for Las Vegas Water Czar