Casino Journal Releases Steve Wynn/Mirage Resorts Interview
October 15, 1998 - Las Vegas, Nevada - On the day of the grand opening of the most expensive hotel/casino in the world and the day when Las Vegas enters a new era, Casino Journal Publishing Group, Inc. (OTC BB : CJPG) today released an exclusive and provocative interview with Chairman Steve Wynn and Bellagio Hotel and Casino President, Bobby Baldwin. With this interview, Casino Journal Publishing Group, Inc. once again establishes itself as the top information source for the gaming industry. The interview, conducted by Casino Journal magazine Managing Editor, Jamie McKeee and CJPG Vice President, Roger Gros, for Casino Journal's National Gaming Summary newsletter, is a candid interview with 2 of the top executives of Mirage Resorts, Inc. (NYSE : MIR) in which the 2 executives answer many of the questions investors and industry executives have been wondering about in the last few months.
Wynn and Baldwin discuss things such as room rates at the new Bellagio Hotel and Casino, the expected effects this $1.6 billion casino resort will have on other Mirage properties and the rest of Las Vegas and the reasons why Mirage feels that this will be the most successful casino resort in the history of legalized casino gambling.
During the interview, Steve Wynn enthusiastically explains why they downplayed the prospects of Bellagio until now. Wynn explained that every new, expensive casino project such as Trump Hotels and Casino Resorts' (DJT : NYSE) Taj Mahal Atlantic City casino was hyped as the 8th Wonder of the World when, in essence, that was just "developer speak." Wynn detailed how they gave the worst case scenario in prior discussions with the media on Bellagio because they wanted everyone to see for themselves just what a world class project is really like.
Throughout the interview, both Wynn and Baldwin gave their views on various other topics. From the fears of competition in Las Vegas and how Mirage differentiates itself from their competitors, to the battles with Donald Trump and Hilton Hotels in Atlantic City, the Mirage executives speak from the heart on their views of these situations and quite openly explain why certain expansions and casinos are not performing the way they should be. Their views on the progress, lawsuits and political situations which have been ongoing in Atlantic City are detailed in depth.
Other topics detailed include the effects of Asian high roller play and how Mirage feels that the media and investment community have completely blown out of proportion the effects and Steve Wynn quite honestly answers questions on just why he sold a few million shares of stock in Mirage Resorts.
The Interview will be published in this weekends National Gaming Summary Newsletter and can be viewed on the Internet. The lengthy interview with Steve Wynn and Bobby Baldwin of Mirage Resorts can be viewed at dnaproductions.com or can be accessed through the Finance Section of Casino Journal Publishing Group, Inc.'s home page in the finance section at casinocenter.com.
The November issue of Casino Journal magazine as well as the Winter edition of Nevada Hospitality will feature the Bellagio opening and stories on Steve Wynn and Mirage Resorts.
CJPG will present the industry's leading conference, The American Gaming, Lodging and Leisure Summit on January 12 & 13, 1999 at Bellagio. The Summit is produced in conjunction with Bear Stearns & Co. Inc., and the leading Nevada law firm of Lionel Sawyer & Collins. At the Summit, Steve Wynn will receive the prestigious "Lifetime Achievement Award" and address attendees at the Keynote Dinner. For information on attending the American Gaming, Lodging & Leisure Summit, call 1-800-559-2695.
For Information on Subscribing to The National Gaming Summary, Casino Journal magazine, Nevada Hospitality or any of Casino Journal Publishing Group's publications, call 1-800-969-0711.
Casino Journal Publishing Group, Inc. publishes Casino Journal, the leading trade magazine for the gaming industry; Casino Player, the leading consumer publication for the gaming industry with total circulation of over 400,000; Nevada Hospitality, the official magazine of the Nevada Hotel/Motel & Restaurant Association; The National Gaming Summary, The Gaming Industry Weekly Report, The Gaming Industry Daily Report, The Daily Lodging Report and The Atlantic City Insider newsletters. In addition to the American Gaming, Lodging and Leisure Summit, the Company also produces The Southern Gaming Summit with the Mississippi Casino Operators Association; The Atlantic City Chamber of Commerce Business Expo and UNLV's Casino Ops trade shows. In November, Casino Journal Publishing Group, Inc. will be debuting their newest consumer magazine entitled, "Strictly Slots." The Company is publicly traded under the symbol CJPG.
Contact: Alan R. Woinski at (201) 947-4642 or Roger Gros at (609) 484-8866, both of Casino Journal Publishing Group, Inc. |
