Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.
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While the Southern Nevada casino industry enjoys a burst of prosperity and development, it also may be facing a tide of negative sentiment from loyal casino customers regarding high resort fees and paid parking policies at Strip casinos.
When the state Gaming Control Board released its statewide gaming win statistics for 2017 in late January, the headline was the 2.8 percent increase from $11.26 billion in 2016 to $11.57 billion for the 336 nonrestricted locations across Nevada.
Spanning 26 acres of beachfront property, the latest project by a subsidiary of MGM Resorts won’t have slot machines or poker tables, but will boast 1,000 rooms, a “dazzling” theater and a snorkeling area. It will also be in Dubai — a Middle Eastern city the company knows all too well.