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Stardust. Desert Inn. The Dunes. Las Vegas history is filled with iconic casinos that exist no more. Soon, a new name will join that list: Riviera.
This morning, the Las Vegas Convention and Visitors Authority voted to approve the purchase of the Riv for $182.5 million dollars. ($191 mil if you add acquisition expenses.) Out of the 14 board members, the vote went 14-0. 14 to zip, zilch, nada. That's unanimous for those keeping score.
The Strip / Riviera / Vegas Sales / Vegas Rumors / Vegas News / Las Vegas Convention and Visitors Bureau / → All Tags
Board members will convene a special meeting Friday to put forth the purchase of the iconic north Strip property for $182.5 million. As whispered about, the hotel's land (26.4 acres, in all) would be used to help create a multi-billion dollar business district. Rumblings had put a possible closure at June, but the Las Vegas Review-Journal reports this morning that the timeline would call for a mid-August shutdown, possibly around August 20.
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Among the many reinventions and renovations that have been going down since Westgate bought the off Strip LVH, the hotel's former High Roller room -- likely one of the more underused in town -- has been converted to a 24-hour cafe.
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What was rumored over the weekend is now official.
Hakkasan Group will be able to use the tagline, "now with more oontz," come January when its purchase of Light Group for $36 mil is expected to be finalized. The buyout will mean the assimilation of Light nightclub at Mandalay Bay, 1OAK at The Mirage and The Bank at Bellagio, as well as the lounges and most of the restaurants under the Light Group domain.
The LVH letters, which stood for Las Vegas Hotel after Hilton parted ways with the property in 2012, are coming down this morning:
Well, it sounds like we won't have to explain LVH, anymore.
The Las Vegas Sun is reporting that the former Hilton property has been sold to Westgate for somewhere around $150 to $170 million.
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Downtown isn't all scaffolding and openings. It's mostly that, but the still-evolving section of Vegas is also seeing some growing pains, sudden closures, and is keeping a few mysteries of its own, too.
Today, city officials, in response to growing party crowds, have decided to enact a weekend curfew in downtown. As of this Friday, October 4, anyone under 18 without a parent or guardian or not on their way to or from work, could risk a $300 ticket if they're found within a specific area between 9 p.m. and 5 a.m. That area is framed by Main Street, Ogden, Bridger and Maryland Parkway, as reported by the Las Vegas Sun which largely encompasses the Fremont Street Experience and Fremont East.
Just as we were
snooping around wondering what was to happen to downtown's Western Casino comes news that it's been sold... to Zappos head Tony Hsieh's Downtown Project. Which, if you've been following the renaissance of downtown at all, you already know has quite a few properties in its portfolio.
Vegas Inc. reports that Hsieh's company bought the property, which closed back in January 2012, for $14 mil. Downtown Project is already sinking hundreds of millions into revitalizing downtown Vegas. No word yet on just what they have planned for the shuttered casino, or the land it sits on in Fremont East.
Remember when we thought the abandoned Echelon site would be an eyesore until the end of time, or something like that? Today, Vegas received another great indicator that the north Strip is slowly, and finally, gearing up towards a comeback with the announcement that Echelon will (eventually) become Resorts World Las Vegas.
Boyd Gaming has sold the site to Genting, a Malaysian gambling company that owns the Resorts World brand, for $350 million. It plans to turned the failed project into Resorts World Las Vegas, a $2 billion dollar venture. Construction is expected to start up next year with a reported opening timeline of 2016. The new resort would feature 3,500 hotel rooms, 175,000 square feet of gaming "across several.. floors," convention space, dining and retail outlets, too.
Detailed renderings of what the finished resort would look like, can be found below.
Vegas News / Name Changes / Vegas Sales / Echelon / Boyd Gaming / Resorts World Las Vegas / Genting / → All Tags
Early this morning, newspaper headlines began to fill with news that Boyd Gaming had sold the hulking shell of Echelon and its surround acreage to Genting, a Malaysian gambling company, for $350 million bucks. Just when we were beginning to wonder what was going on with plans to "hide" it away from view.
Calling all Wayniacs! Fan of Wayne Newton, Las Vegas lore and super fancy real estate? We have the ultimate link for you to click. And, we think it proves a clarion call for Las Vegas to step up and save Casa de Shenandoah.
Mr. Las Vegas, Wayne Newton, has been attempting to turn Casa de Shenandoah, his palatial 40-acre estate into a tourist attraction for years. But now, in a bizarre and confusing turn of events, it all might be under attack. Again.