Las Vegas Sun

April 27, 2024

Licensing endorsed for Paris-Las Vegas resort

CARSON CITY, Nev. - Licensing for the new Paris-Las Vegas, a $760 million hotel-casino opening next month, was recommended Wednesday by the Nevada Gaming Control Board.

Under the plan forwarded to the board's parent Nevada Gaming Commission, which will meet Aug. 19, the megaresort will operate under an existing license for Bally's-Las Vegas, next door on the Las Vegas Strip.

In a pending $3 billion deal, both resorts will become part of a gambling empire controlled by Park Place Entertainment Corp., a spinoff of Hilton Hotels Corp.

GCB Chairman Steve DuCharme said the joint licensing isn't unusual and is allowed under Nevada law. He said the two clubs will come under the same corporate umbrella, are physically connected and will share the same personnel and reservations systems.

But DuCharme added the Control Board wants the Paris-Las Vegas to report its revenues separately from Bally's for a year for accounting - not tax - purposes. That'll enable regulators to see how the new club competes with other resorts.

Park Place plans to open the 34-story, 2,914-room Paris-Las Vegas Sept. 1. The resort replicates the 800-year-old Hotel de Ville, now the Paris City Hall, and features knock-offs of the Eiffel Tower, Arc de Triomphe, Paris Opera House and the Louvre.

The resort will also have sidewalk cafes, nine themed restaurants, 85,000 square feet of casino space, 130,000 square feet of convention space and a French-themed retail shopping complex. The casino will have 2,100 slot machines and 80 to 90 table games.

Paris is the latest in a number of themed resorts in Las Vegas, including the Caribbean-themed Mirage, the medieval Excalibur, the pyramid-shaped Luxor, the MGM Grand, pirate-themed Treasure Island, Mediterranean-styled Monte Carlo, Gotham copy New York-New York, Brazilian-themed Rio, Italian-themed Bellagio, South Seas-styled Mandalay Bay, the Resort at Summerlin and a touch of Venice in The Venetian.

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