Golden Nugget owner Tilman Fertitta is looking to build a towering hotel-casino on the Las Vegas Strip. [Image: Shutterstock.com]
An exciting project
Billionaire Golden Nugget owner Tilman Fertitta is ready to make a splash on the Las Vegas Strip.
In plans filed with Clark County, Fertitta outlined the creation of a 43-story, 2,420-room hotel and casino on six acres of land he purchased earlier this year. Facilities include a 2,500-seat theater, auto showroom, meeting centers, restaurants, spa and wedding chapel.
VIP rooms and villas, lounges, and an upscale gaming lounge
More lavish visitors will also enjoy VIP rooms and villas, lounges, and an upscale gaming lounge. Clark County Comprehensive Planning Department Director Nancy Amundsen said Wednesday that the Clark County Commission will discuss the plan on Oct. 19.
Fertitta adds to his Vegas arsenal
Fertitta, 65, is eagerly considering building options on the land he bought for $270 million earlier this year. Although he already has the Golden Nugget downtown, he does not control a property on the famous Las Vegas Boulevard, hence the importance of the new project.
A project as ambitious as the one taking shape requires serious financial power. Luckily for Fertitta and his team, he has an estimated net worth of $7.7 billion, according to Forbes. He also has high-profile connections through his ownership of the NBA’s Houston Rockets and other business interests.
Fertitta will have a new title as the owner of one of the tallest buildings on the Strip
If Clark County approves the plans, Fertitta will have a new title as owner of one of the tallest buildings on the Strip, increasing his power in the heart of America’s gambling epicenter.
“We have acquired a truly unique piece of real estate and are actively exploring this development opportunity,” Jeff Cantwell, executive vice president of development at Fertitta Entertainment, said in a statement Wednesday. “While we continue to go through the review and planning process, no firm decisions have yet been made regarding our future plans.”
Radical changes across the entire band
Fertitta has already made changes to her land on Las Vegas Boulevard, even without approval for her massive project. He closed a Travelodge motel with 59 years of service under his belt and controls the restaurants and souvenir shops located on the land that was sold to him.
not the only one to declare interest in Las Vegas property
The billionaire business owner isn’t the only one declaring his interest in Las Vegas property. In July, Red Rock Resorts purchased 126 acres south of the Strip for $172 million. In August, Clark County approved plans by New York investment firm Gindi Capital for a three-story commercial property south of the Fertitta lot.
A $20 million seafood restaurant also plans to open nearby in the spring of 2023. It will offer fine dining, more than 400 seats and a 2,500 square foot rooftop terrace.
Developer and philanthropist Brett Torino and New York’s Flag Luxury Group are also building a four-story retail building on the southwest corner of Las Vegas Boulevard and Harmon Avenue, next to where the casino would sit. planned by Fertitta. This all comes as the entertainment district continues to show encouraging signs of recovery from the COVID pandemic.