Saturday, November 26, 2022

New $3 Billion Vegas Casino Resort in 2023

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Yes, the recovery from the pandemic appears well underway! Yet another new Las Vegas casino resort has been planned for the southern Strip area. This time, it’s the Oak View Group at the helm.

Tim Leiweke, Oak View Group CEO, stated “South of the Las Vegas strip represents one of the few areas of potential future growth of the gaming and entertainment corridor. This unprecedented project is an industry game-changer, and we will usher in the evolution of Las Vegas as the new entertainment AND sports capital of the world.”

The $3 billion, 25 acre Vegas casino resort will be located near the I-15 and I-215 highway interchange, and will come with an 850,000 square foot arena, a full casino and hotel with suites, premium hospitality clubs, and an amphitheater. The venues hope to host concerts, sporting events, and family entertainment.

Nevada Governor Steve Sisolak commented, “We are proud Oak View Group has chosen Nevada for its next and largest project. This newly proposed entertainment district in Las Vegas will help continue the state’s economic momentum and create thousands of jobs and greater prosperity for Nevadans. I look forward to seeing the many opportunities this creates in Las Vegas.”

Situated adjacent to the planned Brightline high-speed rail station, it is estimated that more than 13 million vehicles coming from California will pass the new Vegas casino resort every year. The site will boast direct and easy access to and from I-15 and Las Vegas Boulevard.

Michael Naft, Clark County commissioner, added “The team assembled has the track record and ability to bring another world-class venue to our world-class destination. They also have the expertise and history of building a carbon zero and zero waste facility. I welcome this next evolution for south Las Vegas Boulevard, the jobs this project will create, and the history that will be made by today’s news.”

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