Another Huge Las Vegas Strip Casino/Hotel Project Moves Closer
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Owning a Las Vegas Strip casino is like buying a professional sports franchise. Caesars Entertainment and MGM Resorts International own many properties on the famed 4.2 mile stretch of road. Fontainebleau Las Las has been on a nearly 20-year odyssey and is on track to open in late 2023. Resort World Las was built from the ground up and opened on North Strip during the pandemic.
Tilman Fertitta bought a 6.2-acre piece of land on the Las Vegas Strip for $270 million. He owns the NBA's Houston Rockets and the downtown Las Las Nugget casino. The property is home to retail, a Tex-Mex restaurant and a motel.
MGM has bought The Mirage and Cosmopolitan and is planning to expand its Las Vegas Strip portfolio. Caesars is also planning on selling its Flamingo property and rebranding Ballys Casino to its gambler-friendly Horseshoe brand.
