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Crown Resorts has hired brokerage CBRE Group casino for sale unload the vacant The land is the former home of the New Frontier but has been empty since investors imploded that hotel a decade ago.

But visitor counts have hit record levels in Las Vegas, and hotel room rates are climbing. If someone scoops up the Alon siteit would be a bet that the Strip, despite being packed with casino for sale and shopping hubs, has room for another — possibly supersized — project. His group owns Knott said the rented portion is part of the deal. Buyers could still pursue the 1,room, 3.

RCG Economics founder John Restrepo noted that major casino operators on the Strip, such as MGM Resorts International and Wynn Resorts Ltd. Crown, whose largest shareholder is Packer, teamed with Los Angeles investment giant Oaktree Capital Management and former Wynn Las Vegas President Andrew Pascal to acquire the property and build a resort. They initially announced plans to break ground in late and finish the then-unnamed project in They received Clark County approvals inbut Packer reportedly had trouble raising project funds.

But a record Visitor counts slipped 0. The casino for sale end of the Strip has had a rough time in recent years.

The mothballed, partially built Fontainebleau hotel — which included Packer among its investors — still towers above the street. Resorts World Las Vegas, online slot machines real money Chinese-themed megaresort next to the Alon site, has shown little progress getting built after being on the drawing board for casino for sale years, though its developers announced last week that heavy work would be underway in coming months.

Also, SLS Las Vegas, the renovated former Sahara, opened in summer but posted casino for sale financial losses the next year. Contact Eli Segall at esegall reviewjournal. Copyright © Las Vegas Review-Journal, Inc. News Local Sports Business Opinion Crime Entertainment Life. News Section Education Politics and Government Clark County Las Vegas Nevada Nation and World Science and Technology Special Features Death in Las Vegas Neon Rebirth News Columns Jane Ann Morrison Road Casino for sale Paul Harasim On Education Debra Saunders Vegas Vice Victor Joecks Bundy-BLM Military Pot News.

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By Eli Segall Las Vegas Review-Journal. The Alon project site on the Strip at Fashion Show Drive and Las Vegas Boulevard check this out Friday, Dec. The Alon project site on The Strip at Fashion Show Drive and Las Vegas Boulevard on Friday, Dec.

Contractors begin drilling on Las Vegas Raiders Stadium site. Fright Dome at Circus Circus hiring for season. MGM Casino for sale takes on problem gambling with new program. Las Vegas job fair bridges gap between residents, health centers. Water authority to fund conservation work in Mexico. Coroner IDs toddler fatally injured at west Las Vegas Valley apartment. Raiders CB Sean Smith arrested, charged with go here assault.

Jury in Bunkerville standoff case to resume deliberations Monday. Las Vegas man admits robbing armored truck, gun store. Nevada attorney general wants to weigh in on ADA lawsuits. Judge delays ruling on challenge of Red Rock Canyon development. Judge denies Nevada marijuana distribution injunction request.

Therapist picked click the following article fill open Clark County School Board seat.

UNLV student senator criticized over Instagram post. Las Vegas stadium officials get look at Raiders Stadium financial casino for sale. Baltimore Ravens season preview. Las Vegas-based Pinnacle looking to expand holdings. With bankruptcy nearly over, Caesars exec talks up growth. Security guard stabbed in Palazzo casino on Las Vegas Strip.

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