New sale agreement approved for Riviera site
Thursday 13 de June 2024 / 12:00
⏱ 1 min read
(United States).-The Las Vegas Convention and Visitors Authority voted unanimously to divide a 10-acre parcel at the intersection of Elvis Presley Boulevard and Las Vegas Boulevard between two entities.
New development could be coming to the Las Vegas Strip as a plan to sell publicly owned land along the north end was approved Tuesday.
The Las Vegas Convention and Visitors Authority voted unanimously to split a 10-acre parcel at Elvis Presley and Las Vegas boulevards to two entities: 65SLVB, a partnership of developers Brett Torino and Paul Kanavos, and the development group behind neighboring Fontainebleau resort-casino. The land is part of the former Riviera hotel-casino site.
The Torino-backed group will buy the five acres directly adjacent to Las Vegas Boulevard, dubbed the Front Five Acres, for $12.5 million, and Fontainebleau Development will purchase the Back Five Acres from Torino’s group for $112.5 million.
It’s a diversion from what was originally contracted. 65SLVB has been under contract with the LVCVA to purchase the 10 acres for $125 million since March 2023. Under the new sale agreement, a Fontainebleau Development-backed LLC will make a $10 million nonrefundable deposit to the authority. Both Fontainebleau Development and Torino’s group will be expected to close on the full parcel if the other fails to close on their portion
Categoría:Others
Tags: Sin tags
País: United States
Región: North America
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
