The CEO of Alon Las Vegas says his project will go forward, the Las Vegas Review-Journal has reported.
Andrew Pascal denied reports that the $2bn project is on indefinite hold. There are challenges lining up financing, but pre-design and design work is continuing, Pascal said.
Crown Resorts and Oaktree Capital and Pascal purchased the 35-acre former Frontier site for $260m in 2014 but the site has remained vacant other than signage and fencing.
Alon is one of two high-profile multi-billion dollar projects that have been on hold on the northern Las Vegas Strip. The other is Genting’s Resorts World where a ceremonial ground-breaking took place more than a year ago. It too, has only signage and fencing to show so far.
Source: Fantini’s Gaming Report
