Billionaires battle for business on Vegas Strip

2005-06-14
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  • MSNBC Can the tycoons coexist harmoniously as neighbors?

    On one corner of the Las Vegas Strip, Steve Wynn runs his signature $2.7 billion megaresort and busily plans another.

    Across the street, Sheldon Adelson is building the Palazzo hotel-casino next to his successful Venetian. Soon to be shimmering near both properties are Donald Trump's gold-glass hotel-condo towers, and Phil Ruffin has ambitious plans for the aging New Frontier casino.

    Four billionaire-sized egos. A slew of big-budget projects. All within stone's throw of one another. Is this desert sandbox big enough to hold them? Can the tycoons coexist harmoniously as neighbors?

    "It will make for interesting copy and interesting reality," said Jack Wishna, a local dealmaker who knows all four men and has a minority interest in Trump's Las Vegas development.

    Once their projects are completed, the four will have invested some $10 billion in their slices of the Strip. In a city known for its commercial combat, posturing and bravado, the fight for tourist dollars could be epic judging by past battles.

    External Source - For the complete article click here

    Source - MSNBC


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