Things are looking good in Las Vegas at the moment, as numerous casino resorts are getting significant makeovers. A number of top Las Vegas Resorts are spending over $1 billion in renovations to their hotel rooms, and it is expected the process will last until the end of 2018. The fact that so many casino resorts are spending so much money is a great sign for the future of Las Vegas.
Eight Las Vegas Resorts Renovating
According to reports, at least eight strip resorts are currently putting work into their rooms. Caesars Entertainment, who recently emerged from bankruptcy, is one of the groups getting in on the action. The group is said to be spending around $350 million to renovate a total of 4500 rooms. The renovations will be taking place at Caesars Palace, the Flamingo, Planet Hollywood, and Bally’s.
The Las Vegas Sands Group has also been spending some money on renovations. All 3000 rooms at The Palazzo are being worked on, which started last year. The work is expected to be completed by early 2018. The hotel rooms aren’t the only part of the resort that’s getting a makeover. The casino floor is getting new décor, and some new bars and restaurants are being incorporated into the property.
The Cosmopolitan is also having its first major overhaul since opening in 2010. All of its rooms are being completely stripped and redone. MGM is also working on Monte Carlo, spending $450 million to turn the resort into Park MGM, with a smaller boutique hotel. Will all these resorts doing work, the total bill is expected to be well over $1 billion.
New Las Vegas Construction Points to Bright Future
It’s not just the renovations that suggest the future of Las Vegas is as bright as ever, but also the constructions. Construction on the Fontainebleau was stopped several years ago, and the building has stood unfinished since then. However, it was recently sold to new owners who will be completing the building. In addition to this, Resorts World Las Vegas should begin major construction in the near future.
Finally, Wynn Resorts have also revealed plans for a new resort, which will begin construction in early 2018. It looks like the future is very bright for Las Vegas!