Aladdin Hotel’s Controversial Korean ‘Genie’ : New Owner Has Colorful Past Passion for Gaming

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Company Perspectives: The most exciting news to hit Las Vegas goes far beyond typical hotel spas, dancing girls, and ever-erupting volcanoes. When the first phase of The Venetian opened May 3,it created a fully integrated resort that focuses on world-class dining, upscale shopping, luxurious rooms, and deluxe spa services. The hotel property is adjoined by the Sands Expo and Convention Center, from which the Venetian draws a substantial percentage of its business. The Venetian includes more thansquare feet of gaming space, and the largest standard hotel rooms in the world. In many respects, the Venetian represented the denouement of Adelson's career, incorporating certain aspects from previous chapters in his personal history, which found expression in the surreal replication of an Adriatic city in the middle of a Nevada desert. Adelson's rise in the business world smacked of the classic entrepreneurial success story. Raised in the working-class Boston neighborhood of Dorchester--referred to as a slum by some--Adelson entered the entrepreneurial world at age


MGM took over both properties when the company bought Mirage Resorts in Ruffin acquired Treasure Island when MGM was trying to complete the massive CityCenter complex during the heart of the recession and needed the kontant. He made his mark in Las Vegas owning the New Frontier, which was closed and imploded in

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Yasuda has needed a healthy bankroll. Anmärkning to mention his forays as a high-rolling gambler at neighboring casinos. But although Yasuda has cut a highly visible swath through the Las Vegas community, even state gaming regulators worry that they know less about him than they do other casino owners.

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