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Caesars Palace is now owned by Nevada-based Caesars Entertainment. . Part of the land where the Riviera stood for 60 years on the Las Vegas Strip will soon have a new owner. And he is no stranger to the casino business. The Las Vegas Convention and Visitors Authority has found a buyer for its 10 acres of Strip-facing land that was once occupied by the Riviera. The buyer is a Chilean gaming group that has agreed to fork over 0 million for the parcel. (Image: Google Maps)The Las Vegas Convention and Visitors Authority (LVCVA) agreed today to sell its 10 acres of Strip-front property for 0 million.

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The buyer is CB Investment SpA, a newly formed entity based in Chile. online casino real money bonus no deposit CB Investment SpA is controlled by Chilean businessman Claudio Fischer, a veteran gaming executive who, along with his brother Humberto, acquired ownership of Sun International, parent company to the Sun Monticello casino resort near Santiago, iliberty slots online casinon 2016. twin river casino human resources Hollywood Casino St Louis Mask Policy Ohil Germany Since then, the Fischers have expanded their gaming empire to include five additional casinos in Chile. cool cat casino free chip kansas star casino phone number Combined, Sun International says it operates approximately 8,200 slot machines and 400 table games, which makes it the second-largest Chilean gaming operator. Resort MandateThe LVCVA purchased the bankrupt Riviera hotel and casino in early February 2015 for 2. choctaw casino food viejas casino vs barona 5 million. The government-funded tourism agency spent another million the following year demolishing the iconic resort complex through two implosions.

The expenditures were part of the LVCVA’s 5 million expansion of its Las Vegas Convention Center, which has since been completed. The Convention Center’s West Hall held its grand opening in June. The LVCVA acquired roughly 26 acres with its takeover of the Riviera. golden nugget casino covid 19 foxwoods resort casino ct The Riv’s iconic façade was leveled, a paved parking lot taking its place. firekeepers casino in battle creek michigan phone number The site served as a holding area during construction of the West Hall. After determining that selling 10 of the 26 acres would not adversely impact Convention Center traffic and operations, the LVCVA put the vacant lot on the market in February of 2019. The tourism agency contracted CBRE — a commercial real estate services firm — to market the listing.

CBRE, through its Global Gaming Group, finally found a buyer in CB Investment SpA. The transaction, however, comes with the stipulation that the new owner begin construction on a casino resort on the property by January 1, 2031. casino blackjack card shuffler Fischer has agliberty slots online casinoreed to the requirement. seminole casino new member Proceeds from the sale, LVCVA CEO Steve Hill explained, will be used to help finance the renovation of the Convention Center’s four older exhibit halls over the next 24 months. North Strip ActivityFetching 0 million for 10 acres of the former Riviera site further shows that there’s a sense of optimism on the northern end of the Strip. Along with the June opening of West Hall, Resorts World Las Vegas opened that same month. The .

3 billion integrated resort sits just south across the Strip from the Riviera land being sold. The CB Investment SpA property is also adjacent to the unfinished towering blue casino resort tower formerly known as the Fontainebleau and The Drew. A group of investors led by Koch Industries’ real estate investment arm bought the 68-story structure for river spirit casino addreb