Minority Investor Coming For Penguins? First One Daytona Tenant Opens Maine Basketball Making Statement On HB2 NFL Taps Paul Clement To Argue Case Fox Rolling Out New Broadcast Elements Voke Producing VR NFL Highlights Sources: Chargers Expected To Move To L.A. In '17 Monster Energy To Title Top NASCAR Series LA 2024 Betting On Historic Sponsorship Sales S&E Sponsorship Group Acquired By Dentsu Aegis
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).