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Article: Las Vegas Review-Journal Gaming Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 7, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Mar. 7--IT'S WAIT AND SEE FOR MANDALAY'S 'PROJECT Z': Mandalay Resort Group President Glenn Schaeffer said last week his mysterious "Project Z" has been put off and will not happen this year and probably not next. While he said a fourth Mandalay Mile megaresort that would take an open spot near the southeast corner of Russell Road and the Strip "clearly has great potential," it will have to take a back seat to returning shareholder value from what may amount to more than $1 billion in free cash flow over the next few years.
PLEASED WITH LAST YEAR'S SUCCESS using the lure of ...