However, Crown announced in December last year that it will abandon its plans to build the casino. "I don't think there was really anyone out there who was enthusiastic about them going back into Vegas and so pulling out is the smart thing to do," said Theo Mass, partner at Arnhem Investment Management last year, quoted by ABC News.
Crown is
engaging commercial real estate company CBRE to list the plot, which sits
opposite Wynn Las Vegas and Encore at Wynn Las Vegas resorts.
"This is one of the most exciting properties to become available in Las Vegas
in a long time,” listing broker John Knott, head of CBRE’s global gaming group,
said in a press release. The brokerage said the land is being offered at US$
400 million.
The news comes shortly after the casino operator completed its exit from the Melco Crown joint venture in Macau.
