Resorts World Las Vegas News - Page 14

The Clark County Zoning Commission on Wednesday granted Boyd Gaming Corp. a six-year extension of time on the north Strip Echelon project.

Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Now those resorts are being built elsewhere.

Analysts don't expect Las Vegas or other U.S.-based gaming markets to experience the growth projected for Macau or Singapore. But the industry is cautiously optimistic that 2012 could be a bridge to stronger results in 2013.

A number of major casino projects in Las Vegas, including the Fontainebleau, are sitting dormant after construction was halted due to costs.

Boyd Gaming said it doesn’t expect to restart construction of the $4.8 billion Echelon project for at least three to five years.

In the past six months, not one worker has died.

The construction firm sanctioned and fined for safety violations that allegedly killed a carpenter on the Echelon project paid a disputed $11,000 fine.

A selection of news and views from inside the industry this week.

With work on Echelon grinding to a halt, people are wondering what project might be next.

Credit woes that disrupted General Growth Properties' participation in Boyd Gaming's $4.8 billion Echelon resort represent just a small portion of the financial challenges facing the mall company that owns some of the priciest real estate on the Strip.

The announcement by Boyd Gaming Corp. on Friday morning that the casino operator will delay construction of its $4.8 billion Echelon project on the Strip for up to a year was met with applause on Wall Street.

Employees alleged deadline pressure at some sites on Strip.

The death toll at Strip construction sites continued to rise Monday, this time at Boyd Gaming Corp.'s Echelon project site with the death of a 49-year-old carpenter who fell about 15 feet and suffered fatal head injuries after landing on his head.

Boyd Gaming Corp. last month entered the construction fray, breaking ground on the second-largest building project in Las Vegas. Bob Boughner, Echelon's chief executive, answers questions.

Boyd Gaming unveiled details and renderings for the $4.8 billion Echelon, which will have five hotels surrounding a multiuse resort destination on 87 acres.

Bill Boyd, Chairman and Chief Executive Officer for Boyd Gaming and Bob Boughner, President and Chief Executive Officer of Boyd Gaming's Echelon Resorts, joined top company executives along with executives from its strategic partners, Morgans Hotel Group, Shangri-La Hotels and Resorts, AEG Live and General Growth Properties at a groundbreaking ceremony.

Morgans Hotel Group Co. and Boyd Gaming Corporation announced their development and design plans for the new Mondrian and Delano hotels at Echelon in Las Vegas.

Boyd Gaming Corporation has signed a joint venture agreement with General Growth Properties, Inc. to develop a 300,000-square-foot retail promenade as part of Echelon.

When Sherie and James Johnson heard the Stardust was scheduled for demolition, the Salt Lake City couple knew they had be in Las Vegas to bid farewell to an old friend.

Robert Boughner, president of Echolon, said renderings and designs for Echelon would be revealed at the formal ground breaking, but he cautioned against expecting Echelon to have a theme attached to its architecture.