Top 7 Casinos that Spent a Fortune for Renovation Purpose
Land-based casinos are synonymous with luxury. Everything you’ll find in a famous brick and mortar casino is of the highest quality. Casino owners spare no stone unturned when it comes to renovating their year’s old money-making machine.
The reason why casinos spend so much on renovation is to create the perfect ambience which will keep you there longer than usual. It led to some of the most expensive and impressive casino upkeep around the planet. Without further ado, let’s jump into the top 7 casino renovations in the history of humankind.
Atlantic City’s Ocean Resort Casino – $2.4 Billion
This gambling venue started its journey as Revel Casino in 2012. However, after two not so profitable years of operation, Revel Casino ceased all services in 2014 before being taken over by AC Ocean Walk in late January 2018. AC Ocean Walk did a huge renovation estimated worth $2.4 billion and opened it for the public after renaming it as Ocean Resort Casino.
Sands Cotai Central, Macau – $1.2 Billion
Sands, Las Vegas, has announced that its eastern branch the Macau Sands will have a complete makeover over the next couple of years. This reconstruction is set to cost a staggering $1.2 billion. They want to change the present look of the casino to a modern London-themed luxurious building. After completion, it will be one of the biggest casino makeovers in recent history.
Wynn’s Encore, Macau – $650 Million
Another casino from Macau makes a list. It really makes me wonder how these Macau casinos are spending so much on infrastructure and still making a profit. However, coming back to the main focal point, Wynn resort was opened back in 2006. After initial success, they decided to build a second tower under a new name ‘Encore’.
This tower has a somewhat similar design to Las Vegas Wynn’s version of the Encore. It is equipped with 401 suits and 41 grand suites, as well as a stunning view of Macau’s skyline.
Palms Resort and Casino, Las Vegas – $620 Million
Finally the king of casinos, Las Vegas makes it to the list. Palms Resort and Casino is one of the most luxurious places in sin city. It has been a premier venue for celeb hangouts since its opening in 2001. Being older than its main competitors, including Cosmopolitan, Wynn Vegas, and The Palazzo was affecting its business.
In an attempt to be the top of the line casino in Vegas, Palms did a huge renovation worth $620 million, and it is scheduled to finish later this year. New construction includes a top-tier steakhouse, specialized bars, and more than 100 pieces of contemporary paintings by artists like Andy Warhol and Damien Hirst. It will be the biggest makeover of a Vegas casino ever.
Caesars Palace – $560 Million
Caesars Palace has been one of the most iconic names in the casino world. During its operation since 2003, CP has made Millions of Dollars profit. In 2012 they felt the need to invest some of this money to build a new tower.
Thus the Octavius Tower took birth. The total floor area of this gargantuan tower is 3.5 million square feet, including a 265,000 square feet convention center. This 23-story building has 665 rooms and 60 bay suites. It took the total number of Caesars Palace’s rooms to 4020.
The Palazzo – $200 Million
Just like the Palms Resort, The Palazzo, another big name of Las Vegas, needed a makeover to hide its age. Having started its operations in 2007, it was falling back to its competitors, the newer casinos. So Vegas Sands Corp decided to put a fresh lick of paints along with some other changes worth $200 million.
This renovation includes new pathways made of white marble, complete renovation of bars, and redesigning of the suites. All of this modernization was completed by the fall of 2018.
Las Vegas Flamingo – $100 Million
Caesar Casino, a casino industry giant, owns this famous casino. And, having a deep pocket enabled them to spend lavishly for Flamingo’s renovation and modification. $90 million was spent on updating all the 1,270 suites and the rest $10 million used for creating a whole new meeting center. This state of the art facility covers 75,000 square feet area in floor space.
In the past decade, land-based casinos all over the world have done some amazing work renovating old facilities and creating new ones. And with time, we are sure to see more such expensive casino makeovers in this decade too.
SummaryName: Top 7 Casinos that Spent a Fortune for Renovation Purpose
Author: Adam Ridley
Published Date: 24/04/2020