Tom Jackson To Receive Rozelle Award PGA Championship Sets Revenue Record Grand Slam Of Golf Off Trump Course ESPN "Evaluating" Melendez As Analyst Sun Valley Retreat Kicks Off Today Beats By Dre Unveils MLB Team Line Executive Transactions U.S., Canada Considering '26 World Cup Bids Bucks Prez Threatens Relocation Over Arena Deal NBA Kings Sold Out Of Suites At New Arena
SBD/17/Sponsorships Advertising Marketing
ITT DELAYS CASINO COMPLEX PLANS INDEFINITELY
Published October 17, 1994
ITT has indefinitely delayed the construction of its $750M, 3,500 room Desert Kingdom casino complex. The company has decided to review its plans with three major new resorts are opening in Las Vegas, with a total of 10,500 rooms. There is concern that profits would be "squeezed" if visitors spend more time sightseeing than "pumping quarters" in slot machines. ITT will continue its $85M expansion of Desert Inn and its Sheraton Hotel chain may decide to acquire existing casino sites (Pauline Yoshihashi, WALL STREET JOURNAL, 10/17).