ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

After nearly 2 decades, Fontainebleau officially joins Las Vegas Strip with lavish opening

The newest Las Vegas casino, Fontainebleau, has opened to the public on the Strip. The project has been in the works since construction began in 2007.

The long-awaited Fontainebleau resort and casino has joined the Las Vegas Strip.

Fontainebleau is the largest occupied building in all of Nevada, standing at 67 stories.

The resort has an ideal location on the Strip, just a block away from the Las Vegas Convention Center.

VISITING LAS VEGAS? 10 THINGS YOU SHOULD DO ON VEGAS STRIP

This resort has been a long time coming. 

Jeffrey Soffer, chairman and chief executive officer of Fontainebleau Development, first began construction in 2007.

Since then, many owners came and went leading up to the final completion and opening in 2023. 

Funding was lost and the project was halted in 2009, when it had reached 70% completion, according to the Associated Press.

LAS VEGAS, MIAMI, ATLANTA RANKED AMONG ‘MOST FUN’ CITIES IN AMERICA: STUDY

A couple of different owners took over before Soffer and Fontainebleau Development, in partnership with Koch Real Estate Investments, were able to finish the project after reacquiring it in 2021.

"Bringing Fontainebleau Las Vegas to life has been an extraordinary journey," said Soffer, per the Associated Press. 

"Opening a resort of this size and scope is a once-in-a-lifetime experience."

This resort was a $3.7 billion project, one of the most expensive on the Strip. 

It's second only to Resorts World, which was a $4.3 billion endeavor.

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

The new casino features more than 3,600 rooms for guests, 1,300 slot machines, 128 gaming tables and more than 36 bars and restaurants.

The resort opened with an extravagant welcome party that featured several A-list celebrities.

Justin Timberlake gave an invite-only performance at which celebrities including Tom Brady, Cher, Kim Kardashian, Kendall Jenner, Lenny Kravitz and Ivanka Trump were in attendance.

Timberlake's wife, Jessica Biel, supported her husband while he sang hits like "SexyBack," "Like I Love You," "Rock Your Body," "Suit & Tie," "Cry Me a River" and "Mirrors," according to People magazine.

Post Malone is set to perform on New Year's Eve weekend.

Las Vegas recently opened another hotel, Durango, although this hotel is located a few miles away from the busy Strip, making it more of an attraction for locals than tourists.

The Associated Press contributed to this report.

For more Lifestyle articles, visit www.foxnews.com/lifestyle.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.