Le Reve: Dream or Folly?
- LAS VEGAS – For a man who has spent most of his
adult life in the gambling business, Steve Wynn seems
to have little regard for the odds.
In
the three years since Mr. Wynn was forced out of Mirage
Resorts Ltd. in a hostile takeover, the renowned casino
developer has plotted his return to the industry he revolutionized
in the 1990s, with properties like The Mirage and Bellagio.
Le
Rêve - The Dream - is the mega-casino project with
which he plans to silence his critics. Luxurious, audacious
and fraught with risks, the dream will soon be a reality.
Le
Rêve will feature 2,700 hotel rooms, a 111,000 square
foot casino, state-of-the-art spa, championship golf course,
18 restaurants and a Maserati dealership. It is scheduled
to open on the northern edge of Las Vegas's famous Strip
in April, 2005.
MGM-Bally's Monorail
Makes Last Run
- LAS VEGAS – The MGM
Grand-Bally's
monorail made its final run on Jan. 26th, a little after
10:00 p.m. On board were about three dozen passengers,
equal parts Super Bowl revelers and hotel employees bidding
farewell to the rail system they operated for seven-and-a-half
years.
The
monorail, a small but unique part of the Las Vegas transportation
landscape during that time, was closed to make way for
the larger and more modern monorail system scheduled to
go into service early next year between Sahara Avenue
and the MGM
Grand. The Las Vegas Monorail Co., which is building
the $650 million resort corridor monorail system, has
taken ownership of the MGM
Grand and Bally's
stations and their rails.