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Fontainebleau Las Vegas Sold for $600 million

Discussion in 'Casino Industry & Development' started by Guy_, Aug 27, 2017.

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  1. Jidery

    Jidery Low-Roller

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    Whose ready for another theme-less luxury resort with poor gambling rules and expensive food and drinks?
     
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  2. smartone

    smartone VIP Whale

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    I'll take whatever it becomes over the cavernous shell that's sat there empty for years!
     
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  3. leo21

    leo21 VIP Whale

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    Does anyone know anything about the new owners? I see the names attached to some high end NY real estate projects but I've also seen it mentioned online that they were in timeshares?
     
  4. Tonyfromjersey

    Tonyfromjersey High-Roller

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    I must admit any Casino in there even one I prolly will only check out once is better than nothing at all. The more Casino's the more competition. Perhaps some of the less glamorous strip properties Like the center strip properties from the Casino Royale to Bally's The STRAT and the SLS hell maybe even the Tropicana might improve their gaming options a bit.
     
  5. chitownjohn

    chitownjohn High-Roller

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    I can see a mix use of hotel & condo. The owners have a background in real estate but nothing with casino operations so I wonder if they will outsource the casino operation, maybe Boyd :thumbsup: or Penn National :thumbsup: I also wonder if these owners can qualify for a gaming license, but then again they are from the big apple so maybe their consigliere can make the LV gaming commission a deal they can't refuse. :stir::hmmm::evillaugh:
     
  6. The Rumor

    The Rumor VIP Whale

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    I'm fascinated with what they have planned. Especially for the casino floor area.
     
  7. dmr

    dmr Registered Abuser

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    True competition in the gaming scene is a Good Thing (tm)!
     
  8. ruralhipster

    ruralhipster High-Roller

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    I imagine cet and mgm aren't happy about any increase of room capacity as it has taken over a decade to get the rates above where they were pre economic meltdown.
     
  9. dino_martini

    dino_martini Tourist

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    I am excited to see this project get going again. I've had a thing for Fontainebleau ever since my first trip to Vegas in 2011
     
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  10. Jackpot Johnny

    Jackpot Johnny Wynn Fan

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    Yes, yes, yes-agreed. I like most everything about "not MGM or Caesars." I like your excellent trademark.
     
  11. TomTWI

    TomTWI Custom Title

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    Westward HO gets my vote. Complete with Ho Dogs.
     
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  12. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

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    I second that emotion
     
  13. jon95616

    jon95616 Low-Roller

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    I know what you mean, but it's nice that it's not Caesar's/MGM.
     
  14. craiger122003

    craiger122003 Low-Roller

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    Its going to millions to get that place up to date. After all is said and done it will be a 1 billion dollar investment.
     
  15. leo21

    leo21 VIP Whale

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    Yep. That's why it tanked in the first place and why it took a minute to sell. It's going to take some savvy moves to recoup the investment in a reasonable amount of time but these guys may actually have the case to stick it out.
     
  16. Roccoscollar

    Roccoscollar VIP Whale

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    Third! Bring back the HO!
     
  17. TomTWI

    TomTWI Custom Title

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    While the're at it Slots O Fun should put the craps table back by the front door.

    TomTWI
     
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  18. Miller12pack

    Miller12pack High-Roller

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    I don't get to the strip much, so where is this place located?
     
  19. bubbakitty

    bubbakitty Doing retirement again and happily so....

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    Resort fee + parking and lousy pay tables Wynn type craps? Out and fancy free in 6 years.
     
    I hate needles so we’ll have to see.......but dislike funerals more
  20. leo21

    leo21 VIP Whale

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    It's the big and tall empty shell of a tower northstrip near the empty pit formerly known as the Riviera and across from the empty pit that will one day be Resorts.
     
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