An executive of Tilman Fertitta’s casino company said the operator is withholding any decision on development of six prime acres on the Las Vegas Strip as issues develop surrounding the national economy.
In an interview with the Nevada Independent, Fertitta Entertainment Vice President Steven Scheinthal said plans for the parcel, on the southeast corner of Las Vegas Boulevard and Harmon Avenue, are currently on hold. Fertitta said last year he will build a 43-story, 2,420-room hotel casino at the site.
“It’s very expensive to build right in an inflationary environment,” Scheinthal said. “What we’re doing is going through with our options and trying to understand what the development process would entail. Tilman, at some point, can decide whether he wants to go forward or not.”
Fertitta Entertainment owns the Golden Nugget casino chain, as well as the NBA’s Houston Rockets and Landry’s restaurant chain. Tilman Fertitta is a cousin to Frank Fertitta III and Lorenzo Fertitta, majority owners of Red Rock Resorts.
