Word: resorters
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Following Morton's lead, the owners of Palms Casino Resort, which opened at the end of 2001, decided to aim even younger. The Maloof brothers, who own the Sacramento Kings basketball team, sold their local casino and built the Palms off-Strip and gave it no particular theme, figuring Vegas visitors would find out which hotel fit their demographic. (Wynn will also be unthemed, as will the Palazzo. The MGM Grand and the Mandalay Bay have almost entirely shed their film and Asian themes.) "I wanted to build the ultimate party place," says George Maloof, 40, the brother who runs...
Vegas doesn't have to give anything away right now. It's so hot, even the people who own the town are spending money here. Last month, 87-year-old multibillionaire Kirk Kerkorian cut a deal to merge his MGM Mirage with Mandalay Resort Group to form the world's largest gaming company--until last week, when Harrah's Entertainment agreed to buy Caesars Entertainment in a $9.25 billion deal (including cash, stock and debt) that would create an even bigger company. Sheldon Adelson, the 70-year-old owner of the Venetian, is contemplating an IPO to score some cash...
...owners of Palms Casino Resort, which opened at the end of 2001, decided to aim even younger. The Maloof brothers, who also own the Sacramento Kings basketball team, built the Palms off-Strip and gave it no theme, figuring Vegas visitors would find out which hotel fit their demographic. (Wynn will also be unthemed, as will the Palazzo.) "I wanted to make sure I cultivated young Hollywood," says George Maloof, 40, the brother who runs the hotel. "In the '70s, '80s and most of the '90s, Hollywood didn't really come to Las Vegas except for a big fight...
...visitors a day at the $240 million Sands Macao, which uses the Portuguese spelling. But the Sands, with its golden façade and shimmering neon-purple fountain, will have some sibling rivalry in 2006 when its parent company finishes an $800 million replica of the Venetian Resort Hotel Casino, complete with imitation canals and singing gondoliers. Sands chairman Sheldon Adelson is so gung ho about Macau that he is enlisting partners in a $10 billion project to duplicate the Vegas Strip on a sliver of reclaimed land between two of the territory's islands. The Sands Macao carefully blends...
...instance, bears a SMOKING PERMITTED sign. But these days a dispute pitting Arab investors against local people is making him smoke even more than usual. Kubera is in a tight spot. On one side are residents trying to stop a hotel and mosque from being built in the ancient resort town (pop. 53,000); on the other, private backers of the project who aim to invest up to $4 million to cater to wealthy Arab families fleeing the summer heat of the Gulf. The mayor, who can smoke a pack of cigarettes in an hour and has been in office...