The pay ratio of the top boss to the typical employee shot past 100-to-1 at several companies with sizable holdings in Southern Nevada, including casino operators.
Casinos & Gaming
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More than 16 years after the New Frontier was toppled, the Strip property hasn’t seen a new project take shape.
The towering north Strip resort is set to open this year, following prior stops and starts.
One side of the street has massive resorts, but the other side has low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project.
The north Strip isn’t overrun with tourists, and it still has big pieces of land. But the area has gained momentum.
The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure.
Penn Entertainment’s application to city officials also includes a convention center and a theater for the west Henderson resort.
Brett Torino and Paul Kanavos have already teamed up to build retail projects in the heart of the casino corridor.
Ten years ago, Genting Group bought the Resorts World Las Vegas site at a bargain price.
Dreamscape Companies raised $850 million and will use some of the funds to bankroll a “multi-phase renovation” of the Rio.
A hospital chain acquired a sprawling land tract on Las Vegas Boulevard, raising the prospects of a new medical campus.
The locals-focused casino chain has outlined plans to develop more projects and sell some properties.
Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino resort.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.