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

I will see everyone back here on New Year's Eve when I officially open Club Paris in Las Vegas and Orlando on the same night! That's hot.

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

We are definitely slowing down and charging a lot more for it. We are out of Las Vegas. We are very much out of Miami, and we are hesitant in New York City.

Las Vegas has never been hotter, which shows in the gaming numbers through the end of the year. The casinos had record revenues of nearly $1 billion a month in gaming win, which is the best the state has ever seen.

All three factors are contributing to the deceleration in demand for Las Vegas (as a destination).