Word: hotelling
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...some people, building a $2.7 billion hotel--with plans for a $1.4 billion one next door--would be gambling, but Wynn doesn't see it that way. He agreed to take his new company public only after Wynn Resorts president Ron Kramer argued that the influx of cash would remove pressure to open the new casinos quickly or generate immediate profits. "Steve is a very conservative guy. He is not a gambler in any sense of the word," says Kramer. "He said, 'I want to build a company that will outlast me.' That's a very different point of view...
Nowadays Wynn hopes to shrink gambling to less than 45% of the overall take at his hotels; he says he would remove it from his tranquil new oasis entirely if he could. "I do need the cash flow from the casino to justify the things I do," says Wynn. "I wouldn't want to dumb down my hotel--not at this point in my life. How many guys get to try to build the best hotel in the world...
Wynn believes the best Vegas hotel will cater to what people really crave: calmness. He figures that now that he has helped defang gambling and strippers to the point where they're in every town and on many websites, the real luxury is doing swankier versions of those things in a relaxing environment. Instead of squeezing in an hour to bet online while your kids are yelling, you get to play blackjack by the pool and stare at a waterfall while dancing at 3 a.m. The Mister Rogers of Vegas is hoping you'll want to take off your sweater...
...controversial overseas travel. Two weeks ago, TIME reported that when DeLay traveled to Britain in 2000, on a trip ostensibly arranged and paid for by a non-profit organization, his congressional staff turned to Abramoff to arrange the trip, and made extensive demands of Abramoff's office-for expensive hotel rooms, and even tickets to the "Lion King." Two sources say the London trip itself was the idea of DeLay's staff, not Abramoff or the non-profit National Center for Public Policy Research, where Abramoff was a board member. That could run afoul of House ethics rules that prohibit...
...nails, decapitated the bomber and injured several foreign tourists and Egyptian passersby. The police believe that the symbol-rich site of Yassin's attack - a central square facing Mubarak's ruling National Democratic Party headquarters, the famed Egyptian Museum that contains the treasure of Tutankhamen and a skyscraper hotel named for Egypt's most powerful ancient pharaoh, Ramses - was chosen at random...