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| Way down south in Mexico |
7/5/2001 Las Vegas Developer eager to build casino-hotel in border town The Nevada Palace Hotel and Casino is expanding southwards, to Mexico. This week, the Las Vegas-area developer agreed to build a casino and luxury hotel in the border city of Reynosa, Mexico even though the lifting of casino bans has not yet been approved by Mexico?s Congress. Director William Wortman, a vice president of Caesars Palace on the Las Vegas Strip in the 1980s, and part owner of Nevada Palace, was certain the ban would be lifted as he pledged an initial investment of US$100 million for construction of a hotel, casino and golf course and country club in the town. ?Reynosa has a strategic position that will bring tourism from the other side of the border,? Wortman said. Reynosa, located opposite McAllen, Texas, is crime infested. However, in April Mexican President Vicente Fox came out in favor of overturning national laws barring gambling if new casinos were to be built ?in areas frequented by foreign tourists.? According to Patricio Mora Dominguez, president of Mexico's private International Tourist and Entertainment Center, the project is expected to generate more than US$12 million in sales for the city. |
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