The Courier-News from Bridgewater, New Jersey • Page 51

THE COURIER-NEWSThursday, November 23, 1989 E-3 BUSINESS A We've ac3c3ed Enoucs fto fide eSav Wynn unveils his $630M Mirage Siegfried and Roy have $58M contract 'A I i I 1 4 LAS VEGAS (AP) Steve Wynn, the hotel-casino builder who promised "a wonderment the world will flock to see," on yesterday opened the glitzy $630 million Mirage Hotel scented volcano and all on the Las Vegas Strip. The hotel is the Strip's first new resort in 15 years and already has sparked a $2.5 billion building boom in this gaming and entertainment capital. "We've been waiting four years going on 20 to say, 'Welcome to the Wynn told a crowd that included Gov. Bob Miller. "We've often said fantasy becomes reality.

But fantasy is a dream, it's not real, at least not until today." Thousands of people began pouring into the resort when the doors opened to the public at noon. Many of the spectators were guests who lined up to register, while others just milled through the resort to view the spectacle. The first two "guests" to check into the resort were two white tigers belonging to illusionists Siegfried and Roy, who have signed a $58 million Contract to appear at tee resort beginning Dec. 26. Wynn praised a number of people who played a major role in the Mirage, including indicted financier Michael Milken, former head of the junk bond division of Drexel Burnham Lambert that arranged the $565 million financing for the project Wynn is chairman and majority owner of Golden Nugget which owns the Mirage and Golden Nugget Potel.

1 The hotel's 6,000 employees and bout as many guests received a preview look at the Mirage on Monday and Tuesday. Tuesday night saw a flurry of activity as workers stocked plush stores and put the finishing touches on the exotic habitat for the Siegfried and Roy tigers. Wynn had planned to open the Mirage on Dec. 26, but moved the date up when he landed the Sugar Ray Leonard-Roberto Duran championship fight for Dec. 7.

Tourists gawked and traffic stopped on the busy six-lane Strip this as workers conducted final tests on a flame-spewing, 54-foot volcano in front of the resort. Wynn, who was upset by the gaseous odor emitted from the eruptions, persuaded utility executives to come up with a mix that has the scent of pina colada. Guests arrive via a palm-lined entry that features the volcano, three lagoons and waterfalls. Valets whisk arriving cars through a maze of tunnels under the resort. The top five floors contain 260 Associated Press photo RECYCLED ROLLS Alan Newman, a partner in Seventh Generation, an environmentally conscious mail-order catalog, immerses himself in his favorite selection from the book toilet paper made from recycled paper.

Texas Instruments stock climbs DALLAS (AP) Texas Instruments Inc. stock continued to climb in active trading yesterday after the announcement that the company was awarded an important patent in Japan. Industry analysts say Texas Instruments could reap hundreds of millions of dollars in royalties per year from Japanese computer-chip manufacturers because of the patent on integrated circuits, which took 29 years to be approved. Texas Instruments officials declined to speculate on how much the Dallas-based company might gain from the patent on integrated circuits it developed in 1958. WWW Wynn is confident the Mirage will be profitable, despite the high cost, and said it could earn the $1 million a day needed to pay for it.

penthouse suites for coveted casino customers. And for his high-stakes "stratosphere" players, Wynn has six private bungalows at one side of the resort, each with its own swimming pool. The main hotel pool is a quarter-mile around. Nearby is planned a dolphin habitat approved by the National Marine Fisheries Service, including a 1.5 million gallon saltwater aquarium. Registering guests are greeted with a flashy, glass-front $1.2 million tank containing 20,000 gallons of water and four-foot sharks.

Nearby is an atrium and dome nine stories high with palm trees 70 feet tall. Along the perimeter of the casino are restaurants that will serve 2,500 people, and 30,000 square feet of retail space catering to an affluent clientele. Room rates run $89 to $129 a night. The casino covers an area more than twice the size of a football field and has features ranging from nickel slots to a room for high rollers where $1,000 chips are the minimum available. The hotel's $30 million showroom will feature Siegfried and Roy, who will perform three weeks a month.

The other week will be filled by stars such as Dolly Parton, Kenny Rogers, Johnny Mathis and Cher. Siegfried and Roy's tigers will have their own habitat, at the end of a moving walkway that brings people from the Strip to one area of the resort. Planned nearby is "The Jackson Attraction," featuring memorabilia of Wynn's friend, Michael Jackson, a frequent visitor to Las Vegas. The volcano and waterfalls are designed to block the neon of other resorts across the Strip. "I'm burned out on neon," said Wynn, whose company's Golden Nugget Hotel downtown has no neon.

"I think it's cheap. To me, neon is yesterday Las Vegas." Wynn is confident the Mirage will be profitable, despite the high cost, and said it could earn the $1 million a day needed to pay for it. when there's zero-radiation technology available, that should be the obvious choice for people that are concerned about the Allen Nitschelm Safe Computing Co. Needham, Mass. workstation from IBM next year.

IBM will not retrofit existing computers because it believes all are safe, Snayd said. Customers in Sweden and Denmark began demanding lower-radiation displays after a 1986 conference in Sweden on the health effects of non-ionizing radiation, Snayd said. The demand later spread throughout much of Europe, he said. "I would classify it in the U.S. as being an emerging customer requirement," Snayd said.

He said the InfoWindow displays meet the Swedish standard of a 20-millitesla magnetic field at a range of 50 centimeters. He said typical personal computers give off from 20 to 200 milliteslas. Ellen Bravo, 9 to 5's associate director, said she hoped other computer manufacturers would follow suit. IBM's move was also praised by companies that offer products to protect against radiation. "I think it's been a long time coming and I am delighted," said Michael Hiles, president and chief executive of NoRad Corp.

in Santa Monica, which makes radiation shields for personal computers. Safe Computing Co. of Needham, offers a flat-panel screen that does not give off any electromagnetic radiation. "No one knows what level of exposure is harmful. And when there's zero-radiation technology available, that should be the obvious choice for people that are concerned about the radiation," said Allen Nitschelm, the executive vice president.

IBM reduces radiation in some new terminals Volume Discounts, Free Gift Wrapping, and Convenient Service make Gertrude Hawk Chocolates ideal for rhrktmas CAh fjvinp! The stock jumped $4.75 a share to $36.50 yesterday on the New York Stock Exchange after a gain of $2.25 a share Tuesday, giving it a two-day gain of almost 24 percent. "I have an aggressive 'buy' recommendation of this stock," said Richard Whittington, semiconductor industry analyst for Kidder, Peabody Co. in New York. That wasn't the feeling throughout the industry. "It sounds good.

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IBM said there was no evidence that electromagnetic radiation from video display terminals was a health hazard but said it took the step because of demand from customers, particularly in Europe. The step was applauded by 9 to 5, National Association of Working Women, which along with other groups has expressed concern that tadiation from VDTs might contribute to birth defects. Scientific evidence about the health risk of VDT radiation has been inconclusive. A federally funded Study on 8,000 women office workers at Mount Sinai School of Medicine in New York City is aiming to resolve persistent questions. Electromagnetic radiation is different from and generally less harmful than the ionizing radiation of X-rays.

Although IBM is often a pacesetter, other computer makers said they had Ino immediate plans to follow the lead of the world's largest computer company. "We haven't seen a groundswell of demand for products that have lower emissions, and we haven't seen any strong evidence that there's a link between the use of VDTs and various health concerns," said Nora Rice, a spokeswoman for Compaq Computer Corp. in Houston. IBM found a way to cut radiation from display terminals and incorporated the technology into its InfoWin- dow displays for mainframe and midsized computers, which were Introduced in September. The company mentioned the radiation reduction in its European press materials but not in the U.S.

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