Las Vegas Casino Closing, Another Will Take Its Place

 Nothing is permanent in 먹튀검증사이트 and now a huge Las Vegas Strip-adjacent property will be home to a potentially massive new development.

Land has become unbelievably precious in Las Vegas and not just on the Las Vegas Strip. Yes, any buildable property on the Strip itself has been selling for exorbitant prices, but anything that's downtown or Strip-adjacent has increased in value as well.

This has forced resort/casino operators to give deep consideration to how every property in their portfolio performs and how it fits into their overall goals. That's at least partly why MGM Resorts International (MGM) sold Mirage and bought Cosmopolitan -- the location and age of the new acquisition simply made more sense for the company compared to what it was selling.

In addition, Caesars Entertainment (CZR) , has been making big changes to its holdings on the Las Vegas Strip. This includes revamping its Ballys resort/casino under its Horseshoe brand and putting Flamingo up for sale.   

The biggest players, however, aren't the only ones making moves in Las Vegas. Red Rock Resorts (RRR) , which operates resort casinos under the Station and Wildfire names has been busy acquiring land, developing a downtown casino on Fremont Street, and closing some of its underperforming properties.

Now, the company run by the billionaire brothers who once owned Ultimate Fighting Championship (UFC) has closed another property. In this case, however, the move may be part of a much bigger plan.