The former Fontainebleau — the blue-tinted tower that has blighted the Strip for a decade — is slated to open as the Drew in the second quarter of 2022.
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Once vying for high-rollers with top Las Vegas Strip properties, the off-Strip Rio now competes with 50-year-old Circus Circus for cost-conscious visitors.
Wynn Resorts Ltd. posted a first-quarter decline in revenue, but a return to profitability, and exeutives say they haven’t decided whether to appeal regulatory sanctions.