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Article: Wynn Resorts Plans $198 Million Expansion of Yet-to-Open Las Vegas Property.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 4, 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
May 4--Wynn Resorts Monday announced plans for a $198 million expansion of Wynn Las Vegas, just under a year before the $2.4 billion megaresort's planned opening.
Deutsche Bank analyst Marc Falcone called the announcement a positive surprise for Wynn investors.
"This certainly underscores the confidence the banks have in the current project -- allowing (Las Vegas developer Steve Wynn) to move quickly into Phase II -- and it's also a signal of the underlying trends that are so strong in Las Vegas," he said.
Highlights of the expansion include demolition of ...