To borrow a phrase made famous in a Frank Sinatra song, the greater Las Vegas gaming marketplace had a “very good year” when it came to 2018 revenue numbers.
According to research compiled by RubinBrown Gaming Services, a Las Vegas-based firm that specializes in financial statement audits, business valuation, regulatory consulting, gaming compliance and operational audits, the three segments that combine to create the Las Vegas casino market all showed impressive revenue growth in 2018. Leading the way was the Las Vegas Strip, which generated $6.6 billion in gaming revenue, a 2 percent increase over 2017 stats. Downton Las Vegas pulled in $650 million in revenue, a 3 percent increase over the previous year, while North Las Vegas yielded $298 million in revenue, a 3.4 percent uptick.
These impressive monetary results may be the reason why Las Vegas once again became the popular nexus for new, major casino resort projects—a welcome change, considering that until these announcements, the only large-size resort development in the pipeline was Resorts World Las Vegas, a reported $7.2 billion property which is currently scheduled to open in late 2020. Indeed, the past 12 months has seen a number of firms either announce or break ground on new Las Vegas-based ground-up developments or major refurbishments/expansion, all to open within the next couple of years. What follows are recaps, descriptions and recent news from some of these new projects, as told by developers in their own words.
Circa Resort & Casino will be the first ground-up, downtown Las Vegas gaming property development in decades
BY CIRCA RESORT & CASINO
Earlier this year, developers and brothers Derek and Greg Stevens officially unveiled plans for Circa Resort & Casino, a brand-new integrated gaming resort in Downtown Las Vegas slated to open in December 2020.
A welcome addition to the iconic Fremont Street Experience, Circa will bring a new energy to Downtown as the first ground-up resort development in the area since 1980. The innovative property will celebrate the timeless spirit of the city while leading the charge for a bold new era with game-changing guest offerings.
“There is a lot of unmet demand for fun in Las Vegas,” said Derek Stevens. “At Circa, our goal is to create a destination resort in a historic part of the city, while showing guests the time of their lives. We plan to double down on the world-class service Las Vegas has always been known for while bringing personalized experiences to a new level.”
Over the past decade, Derek has worked alongside Greg to develop several ventures, including the D Las Vegas, Golden Gate Hotel & Casino and Downtown Las Vegas Events Center. The duo’s investments have played a role in reshaping Downtown Las Vegas, attracting new waves of visitors and locals while leading the turnaround success story of “vintage Vegas.” Often found taking the time to greet and interact with visitors at his properties’ centerpiece bars, Derek’s genuine and approachable style of guest appreciation has challenged the status quo of resort ownership and earned the endearment of customers.
In the spirit of staying true to the city, Circa will deliver a new experience built on the original principles of old-school Vegas hospitality. It will mix the glamour of vintage Vegas with modern luxuries and cutting-edge technology, honoring the golden age of the city. Guests can expect top-notch entertainment while enjoying honest, attentive and friendly service.
Paying homage to the city’s vibrant history, Circa will nod to the Las Vegas legends of decades past, ranging from the visionaries behind the first gambling halls on Fremont Street to the preeminent destination resorts on the Strip.
Designed for those seeking the ultimate Las Vegas vacation, Circa will boast 777 rooms and suites, and a collection of thoughtful amenities, including a range of eclectic restaurants, the longest outdoor bar on Fremont Street Experience, a rejuvenating spa and a two-level casino with state-of-the-art slot and table gaming options. Circa has collaborated with Steelman Partners to oversee architecture and design, Tré Builders as construction manager, and McCarthy Building Companies as contractor.
Circa will be home to a state-of-the art parking structure playfully dubbed “Garage Mahal,” specifically designed with ridesharing in mind. Catering to the growing use of Uber and Lyft, and housing 1,201 parking spaces, the centrally located nine-story garage will be the first of its kind in Downtown Las Vegas, allowing guests to conveniently and efficiently travel to and from the property.+
Another signature element will be a multi-level, stadium-style sportsbook, equipped with the biggest screen in sportsbook history. The Stevens brothers recently announced a partnership with sports gaming media organization Vegas Stats and Information Network (VSiN) to bring an in-house broadcast studio to Circa. This will allow bettors to have in-depth analysis from a roster of experts including broadcasters, industry professionals and athletes.
Construction is currently underway on the 1.25-million-square-foot property, which will punctuate the Las Vegas skyline as the tallest tower north of the Strip. The resort will be defined by a bold design, accented by a backlit roofline and an expansive multi-tiered pool amphitheater. Featuring several pools and a massive screen with the latest high-resolution technology, the amphitheater will offer a unique watch-party atmosphere for sunseekers and sports fans.
Circa’s interior will welcome the return of a Las Vegas icon: Vegas Vickie, the kicking cowgirl who was once perched high above the Fremont Street Experience, will become a key design feature and must-see photo opportunity within the hotel’s lobby.
Additional details about Circa’s amenities and opening will be announced in the coming months.
For more information on Circa Resort & Casino, visit circalasvegas.com.
The Name Game
Hard Rock Hotel & Casino is undergoing a major refurbishment to become the first Virgin Hotels property in Las Vegas
BY VIRGIN HOTELS
Virgin Hotels Las Vegas, part of Curio Collection by Hilton, recently announced that five world-class design and construction partners—Rockwell Group, Klai Juba Wald Architecture + Interiors, Studio Collective, Taylor International Corporation and McCarthy Building Companies—have joined the project to re-conceptualize and develop the new Virgin Hotels Las Vegas out of the current Hard Rock Hotel & Casino, located nearby the Las Vegas Strip.
Designs for the new property, which is owned by JC Hospitality in partnership with Virgin Hotels, are nearing completion and construction is set to begin February 2020.
The re-imagined Las Vegas lifestyle casino resort slated to open at the end of 2020 will feature innovative design and function with 1,504 exceptionally appointed Chambers, Grand Chamber Suites and Penthouse Suites which will include the Virgin Hotels patented bed and in-room technology; an exhilarating and immersive 60,000-square-foot casino; over five acres of luxury poolside spaces and outdoor event venues amidst a modern desert landscape; a portfolio of dining options from some of the country’s hottest restauranteurs; captivating lounges and bars featuring the flagship Commons Club as well over 110,000 square feet of re-inspired meeting, event and convention spaces.
“We are thrilled to have such great partners who have a vision for the lifestyle hotel that represents the Virgin Hotels brand,” said Richard “Boz” Bosworth, president and CEO of JC Hospitality and Hard Rock Hotel & Casino Las Vegas. “The expertise of our construction, architecture and design partners is unparalleled and collectively we look forward to delivering a fresh, modern desert oasis to the Entertainment Capital of the World.”
“The key role our design partners play to distinctively capture the ‘Virgin Hotels’ experience and unique point of view is vital to the brand,” added Raul Leal, CEO for Virgin Hotels. “I look forward to working closely with our design partners to further anchor our lifestyle offerings to ensure Virgin Hotels Las Vegas delivers the best in design, heartfelt service, entertainment and culinary excellence.”
The property, located at 4455 Paradise Road, will continue full-service operations under the Hard Rock flag until it opens as a Virgin Hotels Las Vegas.
For more information on Virgin Hotel Las Vegas, visit www.virginhotels.com.
Majestic Las Vegas, an all-suites resort hotel experience, is set to break ground in 2020
BY MAJESTIC LAS VEGAS
Majestic Las Vegas, the brainchild of Las Vegas native and uber-developer Lorenzo Doumani, is now set to break ground following the project’s unanimous approval in May by the Clark County Commissioners, and subsequent approvals in August.
The revolutionary $850 million, 620-foot-tall contemporary architectural masterpiece is scheduled to commence construction in May 2020, and is slated for completion in early 2023. The five-star, non-gaming, 720-room, all-suite ultra-luxury branded resort will sit on the over six-acre site formerly occupied by the Clarion Hotel, which Doumani imploded in 2015. This unparalleled location is directly across from the site of the new Las Vegas Convention Center opening in 2021, and just two blocks from the famed Las Vegas Strip.
In addition to six standalone restaurants from world-renowned chefs, a lushly landscaped pool area with 50 cabanas, and an area for live entertainment, the Majestic Las Vegas will focus on the best in health and wellness. The four-level, 70,000-square-foot world-class fitness, nutrition, and med spa facility promises to be the finest of its kind anywhere. Serving as a state-of-the-art medical wellness destination, it will not only offer indulgent body treatments and activities such as yoga and spinning, it will also have such amenities as personal nutritionists and comprehensive executive physicals—all under one roof.
But the true crown jewel of Majestic Las Vegas will be the corporate Sky Suites. Situated on levels 51 to 60, the Sky Suites will serve as the perfect corporate home for a tech, entertainment or sports companies. Offered in quarter-floor, half-floor or entire-floor options with up to 25,000 square feet of fully customizable space, the suites all showcase 16-foot high ceilings and spectacular panoramic views of the Las Vegas skyline. In addition to preferred access to all the amenities Majestic Las Vegas has to offer, Sky Suite owners will have at their disposal a private concierge, an exclusive Owner’s Club, and, perhaps best of all, a permanent presence with marquee signage in the entertainment capital of the world.
“It is time for Las Vegas to provide a luxury option for those who visit our city who want something that is non-gaming,” Doumani said. “When one walks into Majestic Las Vegas, you will instantly sense that this is a very special place. And whether you want to relax in the lap of luxury, host a meeting or event in your own corporate space, facilitate an executive retreat, or launch a new product, Majestic Vegas will offer the ideal marriage of sophistication, luxury, and strategic location.”
Drawing inspiration from legendary architect Paul Williams’ iconic La Concha design which was built by the Doumani family in 1961, the Majestic Las Vegas will be a contemporary architectural masterpiece by renowned architect Paul Steelman. With a timeless design that is both futuristic and a throwback to the 1960s, Lorenzo seeks to continue the family tradition started by his grandfather nearly 60 years ago.
For more information on Majestic Las Vegas, visit majesticlasvegas.com.
Diller Scofidio + Renfro tapped to integrate a bold new perspective into the Drew Las Vegas integrated resort project
BY WITKOFF GROUP
Moving toward a second quarter 2022 opening of Drew Las Vegas, global real estate developer Witkoff Group announced Diller Scofidio + Renfro as the design architect for the project, with an eye toward realizing a fresh vision for the next integrated resort on the North Las Vegas Strip’s emerging luxury corridor.
“We believe Drew Las Vegas is set to usher in the next generation of Las Vegas resorts,” said Steven Witkoff, chairman and CEO for Witkoff. “It will be unlike anything on the Strip today—a truly integrated resort that brings together a unique take on Las Vegas and a curated set of experiences from around the world. We are thrilled to be working with such.