Las Vegas resort updates
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The new hotel tower at Henderson’s M Resort will break ground by the end of 2023, and it’s expected to be completed in 2025, executives with Penn Entertainment Inc. reported Thursday.The 384-room expansion will nearly double the capacity at the property to 774 rooms and suites. The $206 million project is part of a four-property $850 million expansion in Illinois, Ohio and Nevada.

The M opened as the Las Vegas Valley’s southernmost property in March 2009. It was acquired by Penn in 2011. Penn recently sold its other Las Vegas property, the Tropicana Las Vegas, to Bally’s Corp.

Source: https://www.reviewjournal.com/business/casinos-gaming/penn-announces-construction-timeline-for-m-resort-2669530/

The price tag for the MSG Sphere at The Venetian climbed another $175 million to $2.18 billion, executives with Madison Square Garden Entertainment Corp.

The cost of the 17,500-seat entertainment venue being built east of The Venetian Expo — due to open in the second half of 2023 — has gone up because of the ongoing impact of inflation, global supply chain pressures and the overall complexity of the project, MSGE officials said during the company’s fiscal first-quarter earnings call.

Source: https://cdcgaming.com/brief/las-vegas-msg-sphere-price-tag-climbs-additional-157m-to-2-18b/

Las Vegs DREAM Resort has begun construction

Clark County Commissioners on Wednesday approved plans for a new hotel and casino on the Las Vegas Strip. According to the county, the project is from developer Tilman Fertitta.
The 43-story, 2,400 room hotel and casino is set to be located at Las Vegas Boulevard and Harmon, the county said.

According to site plans submitted to the county, developers also anticipate the property will feature a theater consisting of 2,536 seats and a multiple-level parking garage on 6.3 acres.

Source: https://www.fox5vegas.com/2022/10/20/clark-county-approves-new-43-story-property-las-vegas-strip/https://www.fox5vegas.com/2022/10/20/clark-county-approves-new-43-story-property-las-vegas-strip/

The Clark County Commission in Nevada unanimously approved plans for Houston billionaire businessman Tilman Fertitta’s proposed resort on the Las Vegas Strip Wednesday 19th October.

The 43-story luxury project will include 2,420 hotel rooms, a theater consisting of 2,536 seats and a multiple-level parking garage on a 6.3-acre lot located on the east side of Las Vegas Boulevard South near the Planet Hollywood Resort and Casino, according to Clark County public records.

The casino resort will also include retail space, indoor and outdoor dining, a spa and fitness center, conventions, offices and a wedding chapel, according to the document.

Source: https://www.constructiondive.com/news/officials-approve-new-las-vegas-strip-resort-construction/634595/

Changes are coming to the The Venetian and The Palazzo.

Built in 1999, the Venetian Las Vegas isn’t one of Sin City’s oldest resorts, by any means--though it certainly is one of the biggest, as it boasts 36 stories and is more than 475 feet. It also houses the world’s second-largest hotel, with 4,049 rooms, 3,068 suites, and a 120,000-square-foot casino.

So yeah, it’s pretty big. But now that the Apollo Global Management (APO) has purchased the hotel, as well as its sister hotel The Palazzo (the largest building in Nevada) and the Sands Expo center from its former owner, the late casino magnate Sheldon Adelson, it’s going to get even bigger.

The renovations will be overseen by the Los Angeles-based design collective RIOS. The Venetian was launched with a theme based on Venice, Italy, featuring architectural replicas of landmarks such as the Palazzo Ducale, Piazza San Marco, and the Rialto Bridge, and Nichols has stressed that the vibe won’t be lost in the upgrade.

Source: https://www.thestreet.com/investing/iconic-las-vegas-resort-to-get-1-billion-upgrade