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Stardust Hotel and Casino Vegas to be torn down for a $4 billion Mega Complex
Boyd Gaming Corporation today announced that it will develop a multi-faceted, world-class resort complex on its 63-acre site on the Las Vegas Strip. The development, scheduled to open in early 2010, is expected to be among the most significant projects in Las Vegas’ ongoing evolution, which continues to transform the city into one of the leading resort destinations in the world. The Company expects that the development will be a significant leader in Las Vegas’ key growth centers of casino gaming, luxury hospitality including world-class dining and nightlife experiences, shopping, meetings and conventions, and entertainment.
The $4.0 billion development, to be named Echelon Place, will combine the $2.9 billion wholly-owned Echelon Resort with hotel and retail joint ventures between the Company and key strategic partners. The wholly-owned Echelon Resort will be operated principally by the Company, but include operating arrangements with leaders in the hotel, restaurant, nightlife and entertainment industries who will bring unique brands and industry-leading reputations and relationships to the project.
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