Toyota To Sponsor Burton Snowboards ION Liverpool Names EA's Peter Moore CEO L.A. Sports Council Holds Annual Awards Plan To Sell Dunkin' Donuts Park Shot Down Braves Spring Ballpark Deal Being Considered Trouble Brewing For Todd Ricketts House Subcommittee To Address Doping Events Astros, Nationals Set For Ballpark's Debut
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).