Bellagio expansion out of mothballs?

Jun 11, 2002 11:56 AM
confidence in the Las Vegas turnaround since Sept. 11. Early this year, rival casino operator Mandalay Resort Group resumed work on a $235 million convention center at its flagship Mandalay Bay resort. Construction of the center had been halted after Sept. 11. Last month, Mandalay also said it would build a new $225 million luxury tower at Mandalay Bay. Word of MGM Mirage’s reconsideration of the Bellagio expansion comes the same week the company withdrew a $615 million bid to buy a Chicago-area casino, after the Illinois legislature passed a major hike in the state’s gaming tax. Another MGM Mirage project, a new casino in Macau near Hong Kong, was derailed earlier this year when the company failed to win one of three new casino licenses being awarded by the former Portuguese colony.