Unique New Las Vegas Strip Casino Faces a Problem

Build a resort/casino — even one that’s small compared to the mega-resorts owned by Caesars Entertainment (CZR) MGM Resorts (MGM) and Wynn Resorts (WYNN) — involves huge resources.

In addition to hundreds of millions of dollars in capital, a developer also needs a complicated set of permits and zoning plans, plus enough land to accommodate everything in the building plan.

Furthermore, finding a place to build on such a massive scale isn’t easy – and the Las Vegas Strip has been a particular sinkhole for projects.

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