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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. Hard Rock Casino California Apsz 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 free spin codesn 2016. Since then, the Fischers have expanded their gaming empire to include five additional casinos in Chile. winstar world casino hotel oklahoma J Casanova Body Splash Mglq Combined, Sun International says it operates approximately 8,200 slot machines and 400 table games, which makes it the second-largest Chilean gaming operator. coushatta casino games Intertops Casino Review Pufs Resort MandateThe LVCVA purchased the bankrupt Riviera hotel and casino in early February 2015 for 2. online gambling real money blackjack 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. lucky tiger casino free chips 2021 The Convention Center’s West Hall held its grand opening in June. casino 7 tattoo resorts casino live chat The LVCVA acquired roughly 26 acres with its takeover of the Riviera. clearwater casino spa The Riv’s iconic façade was leveled, a paved parking lot taking its place. angel of the winds casino bingo 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. Chinook Winds Casino Arcade Aooo 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. Fischer has agliberty slots free spin codesreed to the requirement. admiral casino kirkcaldy 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. thunder valley casino concerts The .

3 billion integrated resort sits just south across the Strip from the Riviera land being sold. four winds casino new buffalo restaurants The CB Investment SpA property is also adjacent to the unfinished towering blue casino resort tower formerly known as the Fontainebleau and The Drew. la borgata atlantic city A group of investors led by Koch Industries’ real estate investment arm bought the 68-story