Details for New Las Vegas Strip Property Emerge
Plans for Alon Las Vegas emerged this week. The Fox affiliate in Las Vegas uncovered a preliminary application for construction of the Alon resort on the former site of the New Frontier. The site is located directly across the street from Encore. This is immediately south of Resorts World, the Asian-themed property currently under development by Genting Group on the former Stardust parcel.
Plans call for 1,100 hotel rooms and a casino at the resort. Crown Resorts is best known for its resort operations in Australia. James Packer is the majority owner of the company. This would be the first property operated by Crown Resorts in Las Vegas.
May Big Month for Las Vegas
May was a big month for air travel in and out of Las Vegas since March 2008. Nearly four million passengers used McCarran International Airport in Las Vegas in May. The surge can be attributed to special events in May, headlined by the championship fight between Floyd Mayweather Jr. and Manny Pacquiao. Total visitation to Las Vegas was an estimated 3.74 million in May. This was a record month for visitation to the country’s largest gaming market. The previous record was 3.69 million, set in March 2014.
This level of visitation helped contribute to a $1 billion casino win posted in Nevada. This was the first time Nevada casinos topped $1 billion in a month since December 2013. Las Vegas Strip hotels won $601 million in May. This was up just 1.39 percent, but was up against a strong May in 2014 where baccarat numbers were up 85 percent over the previous year. Downtown Las Vegas, North Las Vegas, and Boulder Strip casinos all posted double-digit gains in May over the previous year.
Nongaming Project Opens in Atlantic City
A new entertainment complex opened at Caesars in Atlantic City on Friday. It is called “The Playground”. The Playground aims to cater to music lovers with different themes throughout the property, some of which is decorated with former fixtures of the shuttered Riviera Las Vegas. There are also a variety of dining options at The Playground pertaining to these musical themes and the cities related to the room.
New Games for South Dakota Launch Wednesday
The wait for new casino games in South Dakota is almost over. Craps, roulette, and keno will be on casino floors at largest Deadwood and tribal casinos on July 1. Dealer and security training are complete. Most casinos plan on rolling out the game at 12:01am on July 1. The new games were approved by South Dakota voters in November and affirmed by the state legislature during this year’s session.
Wynn Ordered to Pay Court Costs in Defamation Lawsuit
Steve Wynn and Wynn Resorts saw defamation lawsuits against James Chanos twice tossed out of court in California. These cases were based on negative comments Chanos made about the Macau gaming market and companies involved in it at a symposium in California.
A judge ordered Wynn to pay Chanos $422,380 in court costs related to the cases, thrown out under California’s anti strategic lawsuit against public participation (SLAPP) law. Anti-SLAPP laws provide defendants in defamation lawsuits an avenue to get frivolous and vexatious lawsuits dismissed at an early phase in the case, while at the same time recovering attorneys’ fees and other court costs from the plaintiff.