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Whats in the Stars for the Stardust

By Chuckmonster on Tuesday, 7th December 2004 12:35am
  » filed under Las Vegas  comments: 0


Boyd Gaming, owner of the venerable Stardust casino, among others, has been pretty open about its desire to redevelop the property where that hotel has stood since 1958.

Looks like those desires are getting closer to a bigger reality with the announcement that Boyd Gaming has purchased the Budget Suites and surrounding 13 acres that adjoin the Stardust property for $43 million.

This gives Boyd control of 63 acres of prime North Strip land, just 3 acres smaller than the area on which MGM Mirage plans to build a $4 billion complex of hotels, casinos, condos and entertainment venues.

Although the folks at the company aren't giving specifics about what and when, it seems pretty obvious that at least one or two new mega-resorts will replace the Stardust, along with some sort of residential component, the latest new wave in Strip development. Most analysts expect an announcement about what the company will do sometime after Wynn Las Vegas opens across the street in April of 2005.



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