First details on Elvis-themed casino

 

The company that owns the licensing rights to the name and image of Elvis Presley is continuing with plans to build a casino devoted to the King on the Las Vegas Strip, according to a Securities and Exchange Commission filing. New York-based FX Real Estate and Entertainment said the project, planned for an 18-acre site across from the City enter development, hinges on whether the company can raise capital through debt and equity financing.

The development has a $3.1 billion price tag, not including land costs, financing and additional pre-opening costs, the filing said. FX declined to comment Wednesday beyond the filing. It told the SEC that it hoped to aim at the �upper strata of the luxury market,� and that design plans were in flux �in relation to the demands of the Las Vegas market.�

The project is scheduled to begin construction in the first quarter of 2009 with a completion date of late 2012, the filing said. First phase plans include an �Elvis-inspired� luxury hotel and casino and a separate hotel-condominium. FX will own and operate the 2,269-room hotel and 93,000-square-foot casino. A separate project, with 778 hotel rooms and 147 condominiums, will be operated by a joint-venture partner.

A 206,000-square-foot convention space, retail space, restaurants and showroom also is planned. Developers hope to tap into the market for Elvis-themed weddings with several wedding chapels, a bridal and flower shop, and wedding reception and banquet areas.

An interactive multimedia Elvis experience, a boutique and an Elvis memorabilia store are also planned for the project. FX has a licensing agreement with Elvis Presley Enterprises allowing the company to use the name and certain assets from the entertainer�s estate.

The company acquired the land through six separate transactions totalling $221.3 million, or $12.5 million per acre, between March 1998 and May 2005. The site is currently occupied by several retail store and restaurants, including the Harley-Davidson Cafe and Smith & Wollensky. It generated $21.4 million in revenue for FX mainly through rental income.
 

Posted:  28th. March 2008 

HomeArchive (International)

Tomtop|

IT Support| POS label| System Integration| Software development| label printing| QR code scanner| wms| vending machine| barcode scanner| SME IT| it solution| rfid tag| rfid| rfid reader| it outsourcing| IRLS| inventory management system| digital labelling| barcode label| Self Service Kiosk| Kiosk| Voice Picking| POS scanner| POS printer| System Integrator| printing labels| Denso| inventory management| warehouse management| Business service| vending| mobile app development| terminal handheld| printer hong kong| thermal printer| thermal label printer| mdm| mobile solutions| mdm solutions| mobile device management

banner| Backdrop| Bannershop| Ebanner| Eprint| foamboard| hk print| hong kong printing| Printing| backdrop| print100

Beauties' Secret cosmetic and skincare

DecorCollection European design furniture| sofa hk| sofas| beds| coffee tables| dining tables| dining chairs| sideboards| furniture hk| Cattelan Italia| Koinor

Addmotor electric bike shop

Grade A Office| Office for lease / office leasing| Office building| Commercial Building| Office for sale| Hong Kong Office Rental / Rent Office

Hong Kong Grade A Office Rental

Jardine House| Admiralty Centre| One Island East| One Kowloon| The Center| World Wide House| United Centre| Exchange Square| Ocean Centre| Lippo Centre

Wycombe Abbey| private school hong kong| English primary school Hong Kong| primary education| top schools in Hong Kong| best international schools hong kong| best primary schools in hong kong| school day| boarding school Hong Kong| Wycombe Abbey School

edm| Mailchimp| Hubspot| Sendinblue| ActiveCampaign| SMS

xiaomi m365| XT175| xiaomi Roborock S50| Wltoys| VISUO XS812| Vernee T3 Pro| Ulefone Power 5| SJCAM SJ8 PRO| Rowin WS-20| MXQ PRO| MJX Bugs 5W| JJPRO X5| hubsan h501s x4| hohem isteady pro| Feiyu Tech G6| Bugs 5W| anet a8 3d printer review| andoer| amazfit bip| Viltrox EF-M2| Tronxy X5S| SONOFF| LEMFO LEM8| lemfo lem4 pro| LEMFO| koogeek| Hubsan| Creality Ender 3| ammoon