When Steve Wynnn opened Wynn Las Vegas 17 months ago, the first new casino/resort in Las Vegas in almost 5 years, it spurred announcements from a variety of other potential strip projects, including high rise condos and hotels. So how's everyone doing? Read this article to find out. Here's a quick summary:
- Project CityCenter - "A transformational project for Las Vegas."
- Fontainebleau - "A quality developer with experience in this marketplace. Looking forward to seeing (former Mandalay Resort Group President) Glenn (Schaeffer) again."
- Echelon Place - "Many investors underestimate the brilliance and execution capability of Boyd Gaming. Management talent will get the job done, and the city needs a midmarket project of this magnitude."
- MAXIM - "Highly speculative as currently planned given the site configuration."
- Cosmopolitan - "Executive turnover in previous months suggests there may be some difficulties, but the project is likely to move forward."
- Olympia Gaming - "There needs to be a little more time for that part of the valley to comfortably absorb this supply."
- Trump International - "This will be a success for both Trump and Las Vegas."
- New Frontier - "The timing is uncertain. Will Trump enter the picture at some point?"
- Palazzo - "Las Vegas Sands needs this additional room capacity. It's clearly moving as planned; sufficient capital and a great location."
- Encore - "The Encore is an important second tower for Wynn Resorts that will enable the company to leverage its cost structure."
- Palms Place - "A solid residential location."
- W Hotel - "While we believe the W project is experiencing delays, we do believe that it will ultimately be built, unlike other notable projects."
- Edge East - "A great location."
- Harrah's Strip - "Harrah's (Entertainment) has the ability to successfully integrate its Strip properties and it will represent a powerful alternative for consumers."
Never heard of some of these? Keeping reading this blog. As long as they're good, you will....
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