Word: mega-
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Sapphire, billed as the world's largest strip club at a cavernous 71,000 sq. ft., opened two years ago with a party attended by Rachel Hunter, Carmen Electra, Dave Navarro and Tommy Lee. It used to be a mega-gym with a regulation basketball court until the owners decided to turn it into a club. "In real estate, the land goes to the highest and best use," explains co-owner Peter Feinstein. Now instead of collecting gym fees, he charges women $60 to $100 a night to sell $20 lap dances, along with the more profitable revenue stream from...
...city chock full of big-time gamblers, Sheldon Adelson, 70, stands out for his bold bets. "Either I'm the stupidest guy around or the biggest crapshooter in town," he said before opening his $1.5 billion Venetian mega-resort in 1999, complete with canals, gondola rides and its own convention center next door. Five years later, the Venetian is one of Sin City's most profitable hotels, and Adelson has led Vegas' transformation into a business destination...
...style casinos stems as much from regulatory reform abroad as from limited growth opportunity at home. Indeed, after MGM Mirage announced plans last month to build a casino in Macau, Merrill Lynch predicted that the development would will add five times more value to the company than its proposed mega-merger with the Strip-centric Mandalay...
...exchange for their pushing laws to make it difficult for new clubs to open. Sapphire, billed as the world's largest strip club at a cavernous 6,600 sq m, opened two years ago with a party attended by Rachel Hunter, Carmen Electra and Tommy Lee. It was a mega-gym until the owners decided to turn it into a club. "In real estate, the land goes to the highest and best use," explains co-owner Peter Feinstein. Now, instead of gym fees, he charges women $60 to $100 a night to sell $20 lap dances, and draws on more...
...style casinos stems as much from regulatory reform abroad as from limited growth opportunity in the States. Indeed, after MGM Mirage announced plans last month to build a casino in Macau, Merrill Lynch predicted that the development would add five times more value to the company than its proposed mega-merger with the Strip-centric Mandalay Bay. So far, Vegas casino operators are placing their biggest bets on China, where an age-old penchant for gambling is dovetailing with the world's fastest-growing economy. Millionaires are being minted every day in China, and the World Trade Organization predicts...