Fertitta Entertainment Incorporated looking to double-down in Las Vegas

In the western American state of Nevada and Fertitta Entertainment Incorporated is reportedly planning to double its presence in Las Vegas via the construction of a 43-story casino hotel that will also house a 2,500-seat theater and a selection of restaurants.

According to a Wednesday report from the Las Vegas Review-Journal newspaper, the firm run by billionaire American businessman Tilman Fertitta (pictured) is already responsible for the city’s downtown Golden Nugget Las Vegas facility as well as similarly gambling-friendly venues in the states of New Jersey, Louisiana and Mississippi. The Houston-headquartered enterprise purportedly paid some $270 million in June so as to purchase a six-acre plot of land on the southeast corner of Las Vegas Boulevard and Harmon Avenue and is now looking to fill this space with a 2,420-room development moreover hosting a spa, a convention space, a wedding chapel and an auto showroom.

Added amenities:

Fertitta Entertainment Incorporated, which furthermore operates the Golden Nugget Laughlin development in the nearby Nevada city of Laughlin, reportedly wants its coming Las Vegas Strip project to additionally feature a selection of villas and suites alongside VIP salons and a lounge for high-limit gamblers. The operator is now purportedly hopeful of being granted the required green light from the Clark County Commission at this important body’s next meeting on October 19.

Cautious confidence:

Jeff Cantwell serves as the Development Executive Vice-President for Fertitta Entertainment Incorporated and he reportedly used a Wednesday statement to advise caution on his company’s plans for its as yet unnamed Las Vegas property. Nevertheless, the experienced figure purportedly disclosed that the upscale facility would be able to benefit from its prime position along the busy Las Vegas Boulevard in addition to an immediate proximity to famous mega resorts such as the MGM Grand Las Vegas, Aria Resort and Casino and Bellagio Las Vegas.

The statement from Cantwell reportedly read…

“We have acquired a truly unique piece of real estate and are actively exploring this development opportunity. While we continue to go through the review and planning process, no firm decision has yet been made concerning our future plans.”

Adjoining applicants:

The Las Vegas Review-Journal reported that Fertitta Entertainment Incorporated isn’t the only firm to have recently unveiled an intention to bring a new venue to this small corner of the world-famous Las Vegas Strip. New York-headquartered investments firm Gindi Capital is purportedly looking to build a 300,000 sq ft retail complex on an adjacent plot while local developer Brett Torino has partnered with real estate giant Flag Luxury Group LLC in hopes of being given permission to open an analogous facility across the street.