Construction on Las Vegas' Echelon Stalled for At Least Three Years October 30, 2009
Citing the economy, Boyd Gaming announced that it won't resume construction on the $5 billion Echelon megaresort in Las Vegas for three to five years. Work on the project has been dormant for more than a year.
Boyd Gaming has a $2 billion credit revolver slated for Echelon that will now go toward acquisitions, according to the Las Vegas Review-Journal. In fact, Boyd has hinted at making another bid for the bankrupt Station Casinos and buying up distressed assets. Boyd Gaming's Q3 net income dropped 27 percent, with revenue falling 6.6 percent.
Maritz: Holiday Travel To Tumble A Maritz poll finds economic concerns, Swine flu will lead to $4.05 billion loss for the travel industry this holiday season
ZipSetGo.com Roars Into Online Meeting/Incentive Group Travel Space ZipSetGo.com offers vetted content about destinations, planning tips, and sample itineraries and themes from past successful meeting and incentive programs, married with social media tools to create a community of informed planning professionals
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