Creative Destruction in Las Vegas
Is this what Joseph Schumpeter had in mind when he coined the phrase “Creative Destruction”? Today, the Las Vegas Strip’s first mass-market casino-hotel, Stardust, was imploded to make way for Boyd Gaming Corp.’s $4.4
billion megaresort Echelon: “Hundreds of people partied beneath tents and on makeshift patios before
Boyd chairman Bill Boyd’s four grandsons pushed a plunger to detonate
the former Stardust casino. The blast generated a massive dust cloud
that chased the revelers into cars, buses and nearby casinos.”
Hey, what happens in Vegas, stays in Vegas.
[image: Yahoo! News]