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New Casino Coming Into Existence While Part Of The Strip Closes Down

You are currently viewing New Casino Coming Into Existence While Part Of The Strip Closes Down
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In Las Vegas, you probably should anticipate that there are so many new casinos that come out of nowhere just to rake in more money for the tourism industry as a whole. And that’s a good thing. Because out with the old, in with the new. That’s especially true in the case of billionaire-tycoon Tilman Fertitta. In case you don’t know, Fertitta own’s five Golden Nugget casinos, a land acquisition, and much more hotels in the empire. As recent as las month, the tycoon has closed in on a deal of a $270 million buy of 6.2 acres. of prime Las Vegas property.

In the area of question, a Travelodge hotel, a little strip mall and a paved parking lot have all shut down. The sign at the motel read, “We had a good run. 59+ years of service. This Travelodge is closed permanently.” With the businesses on Fertitta’s land ceasing, plenty of shops at the nearby Hawaiian Marketplace has closed. It’s a private equity’s property, that has not yet responded to media inquiries for the business closings.

Tilman Fertitta is quite the showboat regardless if his idea of wealth is a new casino or anything.

Also an owner of the NBA’s Houston Rockets, Fertitta often goes on live television to talk about his depth in the gaming and hospitality industries. This also comes from an instance of running his own business television reality series, Billion Dollar Buyer, from 2016 to 2018 through the cable network. Fertitta doesn’t state too much, regarding the vision he may have for the 6.2 acres of primo Vegas strip property.

So what’s going to be built over there? Fertitta Entertainment states that it will be of an upscale quality. And it better be, if it’s opening across Aria and Waldorf Astoria. The company themselves tell speculators to “think fancier.”

In this post-pandemic “roaring 2020s,” there’s a high-likelihood that a bubbling amount of new builds will be added to the Las Vegas Strip. On the South End, Dream Las Vegas is building a new boutique casino resort near Mandalay Bay and the iconic “Welcome to Fabulous Las Vegas.” Allegiant Stadium fuels optimism on the south section while Resorts World draws in developers north with an idea that the $4.3 billion resort to up pedestrian traffic.

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