There’s no doubt Las Vegas ended 2018 well. While many were concerned about gambling revenue earlier in the year – Vegas certainly pushed forward, and recorded some of the best October numbers in years. Specifically, a senior analyst with the Nevada Gaming Control Board, Michael Lawton, stated: “It’s nice to start the fourth quarter of with a month like this.”
The last downtown hotel that was built from the ground up was in 1975, which cost only $10 million at the time (not accounting for inflation). This was the California Hotel, which is still in business today.
About The Brothers
It appears as though the Stevens brothers must be betting on 2019 being a great year as well, as they are planning to announce details regarding a new resort. The brothers claim that the announcement will be historic, in that they plan on building the first resort “from the ground up” in downtown Las Vegas in decades.
For those that are unaware, Derek and Greg Stevens are already co-owners of D Las Vegas and Golden Gate. The public unveiling will take place very soon, on January 10, at the Downtown Las Vegas Events Center.
About The Announcement
The hotel-casino will reportedly have 777 rooms, and other details about the resort were revealed in May. The resort will be 459 feet tall, and a parking garage with over 1500 spaces will be connected to the property thanks to a sky bridge, as well. To make room for the resort, the Mermaids casino and the Girls of Glitter Gulch, a stripclub, were demolished.
The Las Vegas mayor Carolyn Goodman will be in attendance, and giving a State of the City address at the event, as well. Goodman will make her address at 5 P.M, and then media and others will be shuttled to the Events Center for the public unveiling.
Neil Mathew has been writing about technology and business for years now, and is interested in how emerging technologies will affect the gambling/casino sector.