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Business briefs: A new Vegas frontier
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(Courtesy photo)
The New Frontier casino was imploded early Tuesday to make way for a $5 billion megaresort planned by IDB Group and Elad Group, the owner of The Plaza hotel in New York. It began as the Last Frontier, became the New Frontier and now it’s crossing the final frontier. The Wild West-deco gambling hall that opened in 1942 and became the first themed casino on the Las Vegas Strip was imploded early Tuesday to make way for a $5 billion megaresort planned by IDB Group and Elad Group, the owner of The Plaza hotel in New York. WALL STREET JOURNAL News Corp. (NWS) Chairman Rupert Murdoch said Tuesday he intends to make access to The Wall Street Journal’s Web site free, trading subscription fees for anticipated ad revenue. Murdoch said he believes that a free model, with increased readership for wsj.com, will attract “large numbers” of big-spending advertisers. The Web site currently has around 1 million subscribers. |
