Saturday, June 11, 2005

Four Billionaires in Las Vegas.

Steve Wynn runs his signature $2.7 billion mega resort and busily plans another on one corner of the Las Vegas Strip. Then there is Sheldon Adelson, his archenemy building the Palazzo hotel-casino right across the street and next to his Venetian.

Close to these mega-projects Donald Trump is building his own gold-glass hotel-condo towers while Phil Ruffin has huge plans for his own New Frontier casino.

These huge mega-projects are all coming up close to each other and are being promoted by four of the biggest billionaires. Is there enough for money in it for all of them? Can they co-exist peacefully in such close proximity?

Close to $10 billionaires would have been invested when the last of the 4 projects are completed. The four are not know for very close relations. Two of them have in some very public rows. So it will be interesting to watch these mega-battles as they unfold on the The Strip, Las Vegas.