Word: vegasized
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Adelson may have changed planes, but he's not changing his strategy of using high-end dining, giant suites and plush convention spaces to attract customers. He does not believe that America is going to fundamentally change its values from extravagance to thrift. "There's no way this world will...
But other than making sure his good side faces the camera, Adelson doesn't seem worried about much besides his exercise-and-diet plan to reduce the gut he's added since he began to need a walker to get around. "If you believe what you read in the newspaper...
So Vegas has made its bet. This recession, it clearly believes, is just another business cycle. It will end, sooner rather than later, and the world will go right back to gambling on slot machines and real estate and tasting menus and double-digit corporate earnings. In fact, Wynn bet...
See pictures of Las Vegas.
Read TIME's 1994 cover story "Las Vegas, U.S.A."