Mysterious New $2.8 Billion Las Vegas Strip Casino

by Bodog Beat News Ticker  |  April 30th, 2007

Fountainebleau - Bodog Beat

Las Vegas will get a brand new casino and mega resort in 2009. This new mystery casino is owned by a private company called Fontainebleau Resorts, whose Miami Beach location is pictured above. (Courtesy Fountainebleau.com)

 

Fontainebleau said it planned to open the 3,889-room Fontainebleau-Las Vegas by late 2009. The 100,000-square-foot property will mix condo-hotel units, suites and hotel rooms with a asino complete, nightclubs, a spa and convention space.

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."

Schaeffer also said the plans showed confidence in the condo-hotel business model, which allows customers to buy residences and then have management rent them as hotel rooms for a share of the revenues when they are unoccupied.

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