#Jeffrey Soffer

Review Journal

Fontainebleau Las Vegas bankrolled by big casino landlords

Over the past few years, two firms have shelled out billions of dollars for casino real estate along the Strip. Now they are plowing a fortune into a long-planned resort with a tumultuous history: the Fontainebleau. Last month, developers of Fontainebleau Las Vegas announced they secured a $2.2 billion construction loan to finish the towering…
Land-based
Fontainebleau Las Vegas bankrolled by big casino landlords
Review Journal

Fontainebleau Las Vegas executive team gets 5 industry professionals

Fontainebleau Las Vegas has added five gaming industry leaders, including three with recent experience at The Cosmopolitan of Las Vegas, to its executive team. Colleen Birch has been named chief operating officer; Stephen Singer is the company's new chief financial officer; Daniel Espino has been chosen to be its chief people officer; Marc Guarino…
Industry
Fontainebleau Las Vegas executive team gets 5 industry professionals
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Big casino landlords on Las Vegas Strip now bankrolling Fontainebleau

Thomas Bruny Thomas Bruny 23 days
@ThomasBruny

@VitalVegas Mufson's reward for securing $2.2 billion financing. Very interesting that before joining Fontainebleau Development, Mufson worked for Witkoff Group, which previously owned unfinished Las Vegas project and had announced it would become The Drew (named after Steve Witkoff's son).

World Casino News

Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan

On Friday, December 23, the founders of the long-postponed Fontainebleau Las Vegas project publicly announced that they have acquired a $2.2 billion construction loan to complete construction of the Fontainebleau Las Vegas resort & casino in the fourth quarter of 2023. Obtaining a construction loan: A new union formed in 2021 between Fontainbleau…
Land-based
Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan
Commercial Observer

Fontainebleau Scores $2.2B Loan to Build 9M-SF Resort and Casino in Las Vegas

Sacrebleu! The Las Vegas Strip is getting another casino. A joint venture between Fontainebleau Development and Koch Real Estate Investment has locked down the $2.2 billion needed to build its new 67-story hotel, entertainment and gaming destination in Sin City, the developers announced Friday. At a time when financing is harder to secure than a…
Land-based
Fontainebleau Scores $2.2B Loan to Build 9M-SF Resort and Casino in Las Vegas
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Review Journal

Tilman Fertitta gets approval for new hotel-casino on Las Vegas Strip

Clark County commissioners gave billionaire Tilman Fertitta the green light on Wednesday to develop a towering hotel-casino on the Strip. The commission approved Fertitta's plans for a 43-story, 2420-room project in the tourist-choked casino corridor. The upscale resort, at the southeast corner of Las Vegas Boulevard and Harmon Avenue, would…
Land-based
Review Journal

Fontainebleau Las Vegas: New renderings give a peek inside

With Southern Nevada's convention industry still climbing back from the pandemic, Fontainebleau Las Vegas owner Jeffrey Soffer wants the long-planned resort to be a hub for conferences. The 67-story hotel-casino, which is under construction and slated to debut in the fourth quarter of 2023, will feature a pillarless ballroom spanning more than…
Covid
Fontainebleau Las Vegas: New renderings give a peek inside
The Nevada Independent

Indy Gaming: Slot companies’ proposed merger briefly fires up investors

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The investment community was abuzz earlier…
Finance
Indy Gaming: Slot companies’ proposed merger briefly fires up investors
Fox 5 Vegas

Fontainebleau on Las Vegas Strip to feature 90,000-square-foot shopping district

LAS VEGAS, Nev. (FOX5) - Developers of the long-planned Fontainebleau project on the north end of the Las Vegas Strip said the property will feature a shopping district that will span two levels. According to a news release, Fontainebleau is targeting a winter of 2023 opening. The property notes that Fontainebleau development chairman and CEO…
Land-based
Fontainebleau on Las Vegas Strip to feature 90,000-square-foot shopping district
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Review Journal

Blackstone, a major Las Vegas casino landlord, acquires Australia’s Crown Resorts

The landlord of several megaresorts on the Strip has completed its buyout of billionaire James Packer's Crown Resorts Ltd., an Australian casino operator with its own history in Las Vegas. Blackstone announced Friday that it closed its acquisition of Crown, saying this marked its largest transaction to date in the Asia-Pacific region.…
Travel
Blackstone, a major Las Vegas casino landlord, acquires Australia’s Crown Resorts
Review Journal

Las Vegas’ Fontainebleau has new message: “Miracles still happen”

After a tumultuous history with years of not knowing what would happen to the building, Las Vegas' Fontainebleau has a message: "Miracles still happen." That's the wording on a new billboard along Las Vegas Boulevard near the towering project that also features the resort's name and logo. Many locals might consider it a miracle that the…
Covid
Las Vegas’ Fontainebleau has new message: “Miracles still happen”
New York Post

South Florida's gambling belt has a new and youthful look

No one at the race track had any idea if the mare's mother was a mudder and there wasn't a betting slip in sight. Instead, a mix of millennials and Gen Zers, all racing newbies placing bets from their mobiles, packed out Gulfstream Park in Hallandale Beach just north of Miami in January for the Pegasus World Cup. But thoroughbred racing was just…
Movies
South Florida's gambling belt has a new and youthful look
The Street

Long-Awaited Las Vegas Strip Hotel May Finally Get Built

While the Las Vegas Strip contains some of the most iconic hotel/casinos in the world, it also has its share of failures. Nearly every major property sits on the site of a once-iconic brand that outlived its day, became dated, or just lost out to the glitz and glamor of whatever new mega-resort casino gets built. In just the past few months, we've…
Land-based
Long-Awaited Las Vegas Strip Hotel May Finally Get Built
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Review Journal

Construction underway at Fontainebleau Las Vegas

A visible sign of construction - a crane - has landed at Fontainebleau Las Vegas. Activity has been underway for some time at the long-unfinished hotel-casino project on the north Strip, which now has an "fb" logo near the top of the tower, work trucks on site, Fontainebleau Las Vegas signage along its fencing, and other signs of construction. This…
Land-based
Construction underway at Fontainebleau Las Vegas
Fox 5 Vegas

Fontainebleau Las Vegas names hotel president

LAS VEGAS (FOX5) -- The Fontainebleau Las Vegas in one step closer to reality after the property named its new president Tuesday morning. Cliff Atkinson will serve as president of the property, Fontainebleau Development announced Tuesday. "When we set out to identify a visionary leader for our next-generation luxury resort, Cliff's knowledge and…
Strategy Guide
Review Journal

Fontainebleau Las Vegas names new president

Longtime hotel executive Cliff Atkinson has been named president of Fontainebleau Las Vegas as the resort project moves closer to its long-awaited opening next year. Atkinson, who assumed the new role last week, has a long resume as a hotel executive in New York, San Francisco, and, for nearly the last decade, Las Vegas. His most recent role on the…
Industry
Fontainebleau Las Vegas names new president
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Fontainebleau Las Vegas Casino Set to Open in Q4 2023

The Fontainebleau Las Vegas casino resort is set to open in the fourth quarter of 2023, according to Fontainebleau Development, the developer of the project. Construction has begun on the luxury casino resort at 2777 S. Las Vegas Boulevard, which will clock in at 67 stories tall. The project will fulfill Fontainebleau Development's long-term goal…
Land-based
Fontainebleau Las Vegas Casino Set to Open in Q4 2023
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Review Journal

Las Vegas’ top real estate deals of 2021

Like countless other cities, Las Vegas spent the past year grappling with the pandemic and recovering from the economic disaster it unleashed in 2020. It also saw a burst of lucrative casino sales on the Strip as tourism rebounded from the public health crisis. Here is my list of Las Vegas' top 10 real estate deals of 2021. 1. The Cosmopolitan of…
Land-based
Las Vegas’ top real estate deals of 2021
Eater Vegas

Construction Resumes on Fontainebleau Las Vegas

The sky is finally clearing at the long-dormant Fontainebleau Las Vegas site as construction revved up again yesterday on the project that commenced nearly 15 years ago. Jeffrey Soffer's Fontainebleau Development plans to open the hotel and casino at the end of 2023, ahead of the 2024 Super Bowl landing in Vegas. Located on 25 acres at the north…
NFL
Construction Resumes on Fontainebleau Las Vegas
Review Journal

Las Vegas casino investors wagering on comeback

When driving the Strip, walking its sidewalks or navigating its casinos, there is no mistaking it: America's rowdy gambling mecca is crammed with tourists again. And even though visitor volume remains below pre-pandemic levels, and the coronavirus outbreak has by no means been stamped out, casino investors are betting big that Las Vegas is back on…
Land-based
Las Vegas casino investors wagering on comeback
8 News Now

Fontainebleau Las Vegas sets late 2023 for opening

LAS VEGAS (KLAS) - It's been more than 15 years since the first shovel went into the ground at the Fontainebleau hotel and casino site on the north end of the strip. This morning, the current developers, Fontainebleau Development and partners Koch Real Estate Investments, held a "commencement ceremony" at the 3700 room hotel-casino site at 2777…
Land-based
Fontainebleau Las Vegas sets late 2023 for opening
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Doomed from the start: Marriott just pulled out of the Las Vegas Fontainebleau project

The north end of the Las Vegas Strip just got dealt another big blow - and so did Marriott Bonvoy members hoping to burn points in Sin City. Marriott has decided to pull out of the seemingly neverending Fontainebleau project, according to the Las Vegas Review-Journal, meaning the Strip's first JW Marriott and the Las Vegas Edition won't see the…
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Doomed from the start: Marriott just pulled out of the Las Vegas Fontainebleau project
Commercial Observer

Development Around South Florida Casinos Abounds, But Isn’t a Sure Bet

A 450-foot hotel in the shape of an electric guitar towers over western Broward County. The 638-room Guitar Hotel is the glitzy centerpiece of a $1.5 billion expansion completed in 2019 at the Seminole Hard Rock Hotel & Casino. Nearby, real estate projects are sprouting in the long shadow of the Guitar Hotel as developers bet on proximity to the…
Covid
Development Around South Florida Casinos Abounds, But Isn’t a Sure Bet
Travel Weekly

Marriott sets new opening date for its long-awaited Vegas project: Travel Weekly

Marriott's website describes the 3700-plus-room JW Marriott Las Vegas Blvd. as a "new generation" Las Vegas resort, set to include a JW Marriott hotel as well as a 900-plus-room Edition property. The complex is also on track to include multiple retail, spa, nightlife, pool, casino and culinary experiencesas well as more than 500000 square feet of…
Travel
Marriott sets new opening date for its long-awaited Vegas project: Travel Weekly
GazetteXtra

The city that’s home to Trump’s South Florida resort just voted to ban casinos

MIAMI - Count Doral among the latest Miami-Dade cities to erect defenses against casino politics as the prospect of gambling - and a Trump-branded casino - creeps closer. The Doral city council on Wednesday voted 4-0 to ban gambling and casinos from the city unless approved by residents in a referendum, weeks after Gov. Ron DeSantis negotiated a…
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