Saturday, October 15, 2005
Las Vegas Rumors: Encore On Hold
There is rumors that Steve Wynns next big project Encore is on hold. The project is a new casino resort on the strip on 20 acres that is just north of Wynn Las Vegas. I wonder with all the high end resorts that have been built and with more on the way if they all can make money. There isn't a unlimited supply of high rollers and with Harrahs and MGM owning a big section of the strip the chances are that if a high roller isn't gambling at one of there properties he is at another one. Even non high rollers i wonder how many people in the end could afford or want to pay $250 to $5oo a night for a bed however nice. I would never bet against Wynn and im sure he will build Encore but i wonder when the high end supply will surpass available customers.
Posted by Paul at 3:06 AM