April 25, 2007

New Mystery Las Vegas Casino, Valued at $2.8bn

Billion you say? What happened to the good old days when casinos were only in the millions?

According to the Gambling Planet, Las Vegas is about to get a brand new $2.8 BILLION casino / mega resort. This new mystery casino will be owned by a private company called Fontainebleau Resorts.

The company, majority owned by Turnberry Associates principal Jeffrey Soffer, quietly broke ground on the 9.91 hectare site north of the Riviera hotel-casino in February and has kept its plans secret until Monday.

"It’ll be a contemporary design and it will blend what’s current and what will endure in contemporary art, striking design, world-caliber architecture, new technology and hip music," Fontainebleau CEO Glenn Schaeffer said. "It’s not about the past, it’s about the future."

Wow, we love surprises, especially 2.8 billion dollar surprises.