Hollywood and entertainment people are in Las Vegas on a regular basis. Sports stars and legends from all sports are in our town, and now you bring in the best basketball there is in the world, the NBA All-Star game. Combine that with their legends, it is going to be a tremendous weekend for all the participants.

We are thrilled to be able to reveal to Las Vegas our plans for the new Planet Hollywood Resort & Casino,

Las Vegas is hot, Planet Hollywood is hot and I wanted to be part of the newest, hottest resort in Las Vegas.

Some people say we don't have a sense of history in Las Vegas. Entertainment is our history, not the buildings. Not the casinos.

What will happen in Las Vegas? It's hard to say. The entertainment industry has been very strong and you've got large immigration and employment growth, well above the national average. So you have an increase in house prices, but it's related to the influx of new residents and job growth. But certainly that's a market that you should use some caution in the coming years.

I don't think there's any question Las Vegas will get a major-league professional sports team.