Word: ideas
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Dates: during 1990-1999
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...make breaking even a bit more daunting. Wynn needs to take in a record $2.5 million a day to make the new Bellagio pay for itself. "Lot of money, eh?" he says, winking. "Guess how much the Mirage made a day last year? $1.7 million." He shrugs at the idea that he might end up cannibalizing his own ranks of gamblers at the Mirage. "We're just going to change the pecking order. The other casinos will just move down a notch," he says...
...basic Las Vegas hotel rooms: comfort. The bathrooms in the all-suite Venetian are the size of standard hotel rooms. He spent $9 million just to create step-down living rooms in each suite, to impart the feeling of luxury. "Las Vegas' yesterday thinking was casino-centric. The idea was to deprive guests of creature comforts to keep them in casinos," he says--no minibars, no snacks in the room, no safe-deposit boxes, no fax machines and certainly no computer hookups. Says he: "If you were hungry, they imagined you'd wake up at 2 a.m. and remember...
...shopped his idea to various parties and was soon in business with Warner Bros. (which, like TIME, is owned by Time Warner). Recent changes in FCC regulations had allowed networks to own the programs they broadcast, and studios like Warner Bros., which supply shows to the networks, were worried that the broadcasters would begin to favor shows produced internally. By starting a network, Warner Bros. could guarantee an outlet for its programming. Time Warner shares ownership of the network with Tribune Broadcasting, Kellner and other officers...
...market was headed for hard times, stock buybacks were slowing, and insiders were selling more than they bought. Now that trend has quietly turned, and it's tempting to see it--along with the rate cut--as a buy signal. In fact, some nibbling may not be a bad idea. I would certainly endorse a program of monthly buying with a set amount of money...
...will quickly disabuse you of that romance. "There's this notion that there are all these amazing movies out there, and it's just not true," says John Cooper, a programmer at the Sundance Film Festival (which this year received around 800 feature submissions for 45 slots). Still, the idea that many hundreds of movies are going unseen each year--even movies worse than the ones we do see--is sobering. Yes, show business is designed to shatter dreams, but come...