Great news for LVS, MGM, WYNN, FLL, CZR and BYD. High speed rail is on the way. Imagine the increase in revenues long term as patrons will be able to get there, in the blink of an eye.
China Railway International USA CO., LTD. and XpressWest have agreed to form a joint venture that will accelerate the launch of the XpressWest rail project connecting Las Vegas, Nevada to Los Angeles, California (the “Southwest Rail Network”). The Project will develop, finance, build and operate the Southwest Rail Network, with stations in Las Vegas, Nevada, Victorville, California, and Palmdale, California, and service throughout Los Angeles. The decision to form a joint venture is the culmination of years of work and builds upon the significant accomplishments of XpressWest.
Supported by $100 Million in initial capital, this new high-speed rail line (approximately 370 km(s) in length) will create new technology, manufacturing, and construction jobs throughout the interstate corridor and will connect
