Boyd Gaming Corporation has recently updated the cost of its Echelon mega reso
rt on the Las Vegas Strip, to a whopping $4.8 billion. It went up from a formerly expected figure of $4.4 billion. Furthermore, the company’s equal JV with Morgans Hotel Group will result in Delano and Mondrian hotels costing $950 million, this is a full $250 million more than the earlier estimated cost. Boyd Gaming on the other hand unveiled plans for developing a 300,000 square-foot retail path with General Growth Properties. The project overshot to $500 million when it was intended to cost just over $400 million earlier. All expectations seem to go ballistic for Boyd!
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rt on the Las Vegas Strip, to a whopping $4.8 billion. It went up from a formerly expected figure of $4.4 billion. Furthermore, the company’s equal JV with Morgans Hotel Group will result in Delano and Mondrian hotels costing $950 million, this is a full $250 million more than the earlier estimated cost. Boyd Gaming on the other hand unveiled plans for developing a 300,000 square-foot retail path with General Growth Properties. The project overshot to $500 million when it was intended to cost just over $400 million earlier. All expectations seem to go ballistic for Boyd!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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