Crown Las Vegas Will Never Reign

Sadly, it seems a bid to build the world's tallest casino will not come to pass any time soon. From the Sydney Morning Herald:

JAMES PACKER'S ambitious roll of the dice aimed at creating the world's tallest casino has failed to come up with the right numbers, with financiers failing to support the Las Vegas project.

Crown Ltd, of which Mr Packer owns 38 per cent, yesterday announced that plans to build a $5.2 billion casino with American partners had been thwarted by the global credit crunch.

The decision to pull the plug comes after the plan to transform an empty block of land into a casino and hotel development was effectively put on life support about three months ago.

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