Resorts World Las Vegas News - Page 14

Despite already being America’s Playground, Las Vegas is working on projects to expand and add even more excitement for its guests and visitors.

The casino industry never skimps on the drama and scandal, as these past few weeks have demonstrated.

Las Vegas' first ground-up casino development in six years will cater to the local Asian market and, according to GM Mark Harkness, deliver a product "nobody else can offer right now."

Brokers with CBRE Las Vegas, who listed the property Wednesday, say its for-sale sign marks the last gasp of Southern Nevada's devastating economic downturn.

Other than SLS and Circus Circus, the north section of Las Vegas Boulevard is a mix of small retail malls, empty land, unfinished developments and closed properties.

Thomas Allen of Morgan Stanley decided to take a break from the high-end hubbub of G2E last week and check out the locals scene.

Ivory Gaming founder Christian Goode sees opportunity in overseeing the reopening of the Chukchansi Gold Resort & Casino near Fresno.

At the end of its first year of operation, the casino is cut off from Strip walk-in traffic and is rapidly losing money.

The hotel-casino project is planned for the former New Frontier site.

Boyd Gaming CEO Keith Smith says the area's economy is improving and cites growth in gaming and nongaming revenue in the past quarter.

The family orientation of Circus Circus has made it a popular destination for Hispanic gamblers, something MGM hopes to build on in the next few years.

The 201-room hotel will be designed to appeal primarily to middle-income Asian tourists, featuring games popular in Asia and an Asian-influenced architectural style.

The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.

With backing from megastar George Clooney, Las Ramblas was supposed to be an 11-tower set with gambling, condominium and hotel space on a 25-acre stage. But it turned out to be a complete flop.

The $4 billion Resorts World Las Vegas project is expected to create 30,000 new construction jobs.

The north end of the Strip came to life Tuesday with a groundbreaking for the $4 billion Resorts World Las Vegas project.

“If I had to do it over again, I would do it again,” Reid said. “If I did it over again I would probably be stronger than I was.”

The Strip development, which has been in planning for two years, is projected to include 3,000 hotel rooms and a casino with a combined 3,500 slot machines and table games in its initial phase.

Christian Goode, who oversaw the Americas Division for Malaysia-based Genting Berhad, was to oversee both development and operations of the planned Strip hotel-casino.

The Gaming Control Board recommended that Blackstone Group be licensed to acquire the four-year-old Strip hotel-casino, which has never turned an annual profit.