New Hotel-Casino Expected in Sin City - 2004-03-29 Billionaire casino-hotel developer Sheldon Adelson expects to construct a new 53-story megaresort called The Palazzo.
The proposed megaresort would be next to The Venetian hotel-casino on the Las Vegas Strip. Adelson is board chairman of Las Vegas Sands Inc., the parent company of The Venetian.
The Palazzo would have hotel rooms at the top levels of any in Las Vegas, including the 43-story Mandalay Bay hotel-casino. Read the full story at The Stamford Advocate
Casinos: Financial institutions bank on Native Americans - 2004-03-29 The Native American casino business is minting cash, enticing gamblers in all sections of the country. Increasingly, Wall Street bankers are putting bets on the fast-growing trade through the bond markets that are funding the boom.
Last year, revenues from such casinos reached about one-third of total gaming revenues, with the exception of lotteries, and are set to increase to over 40 percent by 2006, according to Merrill Lynch. Read the full story at FT.com via Yahoo! News
