The replacement would be an American spot, the property said in an announcement, part of $350 million in renovations at the property.
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The Durango, Palace Station, Green Valley Ranch and Red Rock Casino are hosting traditional dragon dances in honor of the Lunar New Year.
More changes are happening at the Strip resort as an upscale American-style eatery there shuttered.
The food hall is part of a $350 million renovation at a once-hot property off the Strip.
Caesars Entertainment has cut several high-level entertainment executives in a companywide consolidation.