Latest Wynn Resorts tower project at risk of cancellation

January 15, 2024
By
Leer en Español

The county building staff suggested denying an extension for plans to build a tower on the Strip.

The Clark County Building Department staff has recommended that an extension request from Wynn Resorts to build a 1,110-room hotel tower should be denied, according to a local report in the Bellingham Herald.

The company asked for a five-year extension on the 3.4 million square-foot project that would put a tower on 38 acres of vacant land across from its Wynn and Encore hotel casinos.

Wynn Resorts attributed its need for an extension of the project to delays caused by the Covid-19 pandemic.

Plans for construction were previously approved by the county. The county approved development plans in 2015 for a parcel of land that Wynn later purchased two years later for $336m.

However, the county never laid out a specific timeline for development when issuing the approval.

According to the local report, the Clark County Zoning Commission is expected to consider the matter during an upcoming April meeting.

Wynn Resorts said gaining an extension for the project will give the company enough time to consider the best development plan for the land.

Concerns because of the age of the original approval have led to county building department staff recommending the extension’s denial, the local report said. There have not been any project studies or building permits submitted for review.

Wynn Resorts owns and operates four locations, including Wynn Las Vegas, Encore Boston Harbor, Wynn Palace and Wynn Macau. The group is part of the S&P 500 Index, as well as on the Nasdaq Global Select Market and is traded under the WYNN ticker symbol.

State-by-State

Product Spotlight

CasinoTrac

CasinoTrac is reducing handpay downtime by nearly 90% with SlotSUITE's Self-Pay & W-2 G printing at the slot machine.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.