With Picasso as a lounge act, Wynn bets big on new casino
Article Abstract:
The new Bellagio casino is the latest endeavor of Steve Wynn, who is famous throughout the casinio industry for his micromanaging of Mirage Resorts Inc. With a cost of 1.9 billion the Bellagio is the most expensive casino ever. Wynn has been devoting attention to such aspects as fringes on curtains and the lighting on decorative sculpture. Bellagio features mosaic tile floors in its lobies, etched glass ceilings in various rooms, a lushly planted conservatory and a two-room gallery of fine art. The museum charges customers $10.
Comment:
New Bellagio casino is the latest endeavor of Steve Wynn, who is famous throughout the casinio industry for his micromanaging
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Marriott outfits an old chain for new market
Article Abstract:
Marriott International Inc. has established SpringHill Suites, a new lodging chain. The move is an attempt by Marriott to target two specific consumer categories. They are middle-class families and business travelers. The suites have rates of $75 to $95 per night. Marriott designed the suites to be affordable and to provide certain needs. Marriott said it will be opening 14 SpringHill hotels by March 1, 1999.
Comment:
Marriott International establishes SpringHill Suites, a new lodging chain
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
MGM Grand plans buyback, warns about profit
Article Abstract:
MGM Grand Inc. announced that it is planning to repurchase as much as 20% of its stock. The company also announced a tender offer for 50% of the stock at a 31% premium. The tender offer is valued at $210 million. MGM will pay $35 per share. The companyEs announcement takes place as MGM reported a poor earnings forecast for the second quarter of 1998.
Comment:
Plans to repurchase as much as 20% of its stock
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The intraday pricing efficiency of Hong Kong Hang Seng index options and futures markets. Net Buying Pressure, volatility smile, and abnormal profit of Hang Seng Index options
- Abstracts: Qantas takes a knife to retail commissions. New world of goodies for the long haul. Turbulence theory in flight accidents
- Abstracts: Personal technology: online drugstores offer some remedies and a few headaches. Personal technology: Now, you can police your kids' desktop, but in a nice way
- Abstracts: Dow Jones's president will retire. CNBC invests in electronic stock trader; financial channel enters new market
- Abstracts: Circon, a target of hostile offer, seeks white knight. Cendant's CEO outlines plans for a comeback. Federal judge refuses to hear lawsuit accusing Bain of raiding rival's office