Part of the Former Riviera Hotel-Casino Site in Vegas to Get New Life

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Review Journal

What is that vacant lot on the Las Vegas Strip?

While the Las Vegas Strip is packed with resort-casinos and activity, there's still large vacant lots on the famous thoroughfare. Some of those vacant lots are projects in the works, while others may be held for future development. Still others are spots for concerts and major events. Here's a list of the empty lots along Las Vegas Boulevard and…

Land-based ・ 13 March 2024

Henry Herald

Las Vegas Strip Gets a Dangerous Warning

Covid, M-Pox, RSV, and other illnesses could not keep the Las Vegas Strip Resort Casinos down, but a new development might be a major problem. While the covid pandemic closed the Las Vegas Strip, that closure almost seemed to create an opportunity for major resort casino operators to make changes. MGM Resorts International (MGM) - Get Free…

Land-based ・ 16 January 2023

Yogonet

Chilean casino company pulls out of deal to buy Las Vegas Strip land amid rise in interest rates

CB Investment, a company founded by Chilean businessman Claudio Fischer that was planning to develop a hotel-casino on the Strip near the Las Vegas Convention Center's West Hall, has pulled out of the $120 million deal. On Tuesday, Las Vegas Convention and Visitors Authority (LVCVA) CEO Steve Hill said the tourism agency's sale of 10 acres at the…

Land-based ・ 09 January 2023

The Street

Big Las Vegas Strip Casino Deal Cancelled

Nothing happens quickly or easily on the Las Vegas Strip. If you decide to build or buy on the Strip, you have elected to compete with the giants of the casino business -- Caesars Entertainment (CZR) - Get Free Report, MGM Resorts International (MGM) - Get Free Report, and Wynn Resorts (WYNN) - Get Free Report -- not to mention some of the huge…

Land-based ・ 04 January 2023

Wild Casino

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Gambling News

Chilean Billionaire Backs Out of Las Vegas Strip Property Deal with LVCVA

Real Property reported that this came as a surprise as the $120 million deal was announced in October 2021 and on October 12 this year the state-funded convention and tourist agency LVCVA made an announcement that the sale has been finalized with just some regulatory approvals still pending. LVCVA acquired the land back in February 2015 when the…

Land-based ・ 04 January 2023

The Street

Caesars Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…

Land-based ・ 26 November 2022

The Street

Caesars' Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…

Land-based ・ 26 November 2022

CoStar

Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals

In the past two years, there has been a flurry of hotel investment activity in the Las Vegas market, with nearly 10 transactions achieving sale prices exceeding $1 billion. Total hotel sales volume for the past two years in Las Vegas is nearly $16.8 billion, representing 17% of the total U.S. hotel sales volume during that time frame. Las Vegas…

Land-based ・ 28 November 2022

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The Street

Las Vegas Strip Adds Another Huge Casino Project

New hotel casino projects along the Las Vegas Strip continue to proliferate following the slowdown during the covid pandemic. Locals and visitors have gotten used to seeing cranes and construction equipment in the area, and they can expect to see a lot more in the coming months. In recent years, the 4.2 miles of the Strip had been dominated by…

Land-based ・ 14 November 2022

Travelweek

Las Vegas' rebound in the Canadian market comes with new attractions and jackpot deals

VANCOUVER - Travel agents attending the Las Vegas Convention and Visitors Authority's'Vegas is Back' event last night were not only wined and dined at the luxury D/6 Bar & Lounge at Parq Vancouver, they also heard how Las Vegas is reshaping itself with new attractions and jackpot deals to get clients into airline seats. Air Canada Vacations is…

Winnings ・ 20 September 2022

Vegas Slots Online

Las Vegas Agrees $19.5 Deal to Host F1 Races for 3 Years

Las Vegas will host Formula One races in 2023, 2024, and 2025 after the city's tourism body agreed on a $19.5m sponsorship deal. [Image: Shutterstock.com] The Las Vegas Convention and Visitors Authority (LVCVA) has voted in favor of bringing the Formula One Grand Prix to the world's gambling capital for at least three years. a $19.5m sponsorship…

NFL ・ 11 May 2022

Review Journal

Siegel Group acquires Las Vegas Strip land for $75M, has option for casino

The Siegel Group operates a popular deli on Convention Center Drive. The company has now purchased land sandwiched between several choice properties on the Strip. The Las Vegas-based company has acquired 10 acres just across the Strip from Resorts World Las Vegas, to the north of Encore/Wynn Las Vegas and to the south of Fontainebleau. The company…

Land-based ・ 06 April 2022

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Land-based

The Nevada Independent

Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021

As the Las Vegas resort industry awaits the full return of its convention and meeting business, one gaming analyst said high-profile events tied to the National Football League will boost Southern Nevada visitation in the first half of the year, despite the recent national spike in COVID-19 cases. Daniel Politzer, who follows the gaming industry…

Finance ・ 13 January 2022

Review Journal

Future of the Las Vegas Strip’s north edge in flux

The north edge of the Strip, for years a sleepy stretch of Las Vegas Boulevard, got a big boost of momentum this year. Resorts World Las Vegas debuted in June to an estimated crowd of 20000 visitors and 5000 VIPs. Huge crowds waited outside to get in on opening night, and the 3500-room casino resort generated nearly $15 million in revenue during…

Land-based ・ 20 October 2021

Mooresville Tribune

Latin casino operator buys Vegas Strip parcel for $120M

LAS VEGAS (AP) - A Chilean businessman and co-founder of the largest casino resort operator in Latin America has reached an agreement to buy 10 acres (4 hectares) of Strip-front land that formerly housed the Riviera from the Las Vegas Convention and Visitors Authority for $120 million. The authority's board unanimously approved the sale Tuesday to…

Travel ・ 18 October 2021

Travel Weekly

Latin casino operator buys Vegas Strip parcel for $120M: Travel Weekly

The authority's board unanimously approved the sale Tuesday to CB Investment SpA owned by Claudio Fischer. The deal is expected to close in June. Fischer co-founded Sun Dreams, which owns 19 casino properties in Chile, Argentina, Panama, Colombia and Peru. He hasn't disclosed any specific plans for the development of the land at Las Vegas Boulevard…

Travel ・ 14 October 2021

KTNV Las Vegas

LVCVA to sell 10-acre parcel for $120M on Las Vegas Strip

LAS VEGAS (KTNV) - Today the Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors unanimously approved the sale and licensed use of a ten-acre parcel of land located at Las Vegas Boulevard and Elvis Presley Boulevard for $120 million. CB Investment SpA, a company owned by South American businessman Claudio Fischer will purchase…

Land-based ・ 13 October 2021

Review Journal

Las Vegas Strip land sold to developer for $120M

The Las Vegas Convention and Visitors Authority board of directors on Tuesday unanimously approved the sale of 10 acres of Strip-front property to a Chilean resort and real estate developer for $120 million. The buyer, CB Investment SpA, is operated by brothers Claudio and Humberto Fischer, who operate the Monticello resort near Santiago,…

Land-based ・ 13 October 2021

Review Journal

LVCVA to sell 10 acres of Las Vegas Strip property

The Las Vegas Convention and Visitors Authority is nearing a $120 million deal to sell 10 acres of Strip-front property where the Riviera stood. The LVCVA's board of directors on Tuesday is scheduled to consider selling the land at the southeast corner of Las Vegas and Elvis Presley boulevards, across the intersection from the long-stalled former…

Land-based ・ 11 October 2021

The Nevada Independent

Compañía sudamericana de casinos se retira de acuerdo para adquirir terreno en Las Vegas

Esta nota fue traducida al español y editada para brevedad y claridad a partir de una versión en inglés. Una empresa chilena que planeaba construir un hotel-casino en la franja turística o Las Vegas Strip, se retiró del acuerdo valorado en $120 millones de dólares. En un comunicado enviado este martes, Steve Hill, director ejecutivo de la Autoridad…

Land-based ・ 05 January 2023