Resorts World Las Vegas News - Page 14

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.

The past 10 years covering gaming nationally and internationally have been nothing short of a theme park thrill ride that Disney’s greatest designers couldn’t conjure.

Unlike the Strip, the locals market has been slow to embrace the state’s economic recovery.

Statewide, Nevada gaming revenue fell 3.7 percent in August, ending five straight months of increases.

Mark Clayton, 49, left Lionel Sawyer & Collins, one of the state’s oldest law firms, for a position with Greenberg Traurig, an international law firm with three-dozen offices worldwide.

This month’s sale of the former New Frontier site is giving market speculators new hope that resort corridor land transactions could again become active.

James Packer is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.