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.
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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.
Vici Properties reached a deal to purchase financial giant Blackstone’s 49.9 percent stake in the properties, which are leased to casino giant MGM Resorts International.
The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
But Derek Stevens’ project, Circa, opened its casino, restaurants and year-round pool complex in downtown Las Vegas on Wednesday. Its 777-room hotel tower is scheduled to debut at year’s end.
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