"LasVegasRestaurants" news and stories

Las Vegas has oversaturated its high-end restaurant scene, according to a prominent restaurateur.

Drew Nieporent, president of the Myriad Restaurant Group which owns Nobu, believes Las Vegas' new City Center development and its top restaurants may kill other eateries in this gaming town.

"Las Vegas is a fantastic place now for restaurants except it seems to me they've oversaturated," Nieporent tells Bloomberg. "This new City Center has approximately, I think it's close to two dozen new establishments, all pretty high end, and what that's going to is it's going to -- I think they'll do well because it's new -- but a lot of the other places in Las Vegas are going to feel the impact because they don't have the mass audience like we do in New York."

Nieporent says the current economic crisis hasn't affected New York's high-end dining scene too badly because "New York is 365 days of business."