Coast Resorts Announces Expansion
Plans
LAS
VEGAS, NV -- Coast Resorts, Inc. announced a $100 million expansion
of its largest hotel-casino, The
Orleans, January 16. The project is expected completed in phases
through the end of 2002.
Featured
in the expansion will be a special-events arena, a 620-room hotel
tower, a 2,600-car parking garage, six additional movie theaters,
two restaurants and an Irish pub. Approximately 40,000 square feet
of new gaming area and public space will also be created for future
use.
The
9000-seat arena will accommodate such events as concerts, rodeos,
equestrian events and championship boxing matches. Construction
of the arena is expected to begin in the fourth quarter of 2001
and to be completed in the fourth quarter of 2002. The additional
hotel rooms will bring the total of rooms and suites to 1,460 at
The
Orleans.
Tower
construction is expected to begin in the second quarter of 2001
and be completed in the second quarter of 2002. Coast Resorts anticipates
that construction of the parking garage will begin in April 2001
and be completed in the fourth quarter of 2001. The additional parking
facility will bring the total of available parking spaces at The
Orleans to approximately 8,500.
The
two restaurants and the Irish pub are currently under construction
and are expected to be completed in the second quarter of 2001.
An Italian family-style restaurant, Sazio, will be leased and operated
by Gustav Mauler, whose other Las Vegas restaurants include Spiedini
and Oxo. Designed by renowned architect Paul Steelman, the 370-seat
restaurant will also include a bar and banquet room. Another leased
facility, Koto, will feature both Chinese and Japanese food and
a sushi bar. The 140-seat restaurant will be operated Bryan and
Diana Do of Houston, Texas. Brendan's Irish Pub will seat 180 people
and will feature live entertainment. The new facilities will bring
the total number of restaurant seats at The
Orleans to approximately 2,500.
The
six new movie theaters will feature the same THX-certified sound
systems and stadium seating that were made popular in Las Vegas
by the original twelve-plex at The
Orleans. "The
Orleans movie theaters have been a showplace for the operators,
Century Theaters, since we opened them in December 1997,'' said
Harlan Braaten. "This addition will bring our total at The
Orleans to eighteen screens and 4,900 seats, making it the largest
theater complex in Southern Nevada.
Coast
Resorts, Inc. is a Nevada-based gaming company that was incorporated
in 1995. Through its operating subsidiary, Coast Hotels and Casinos,
Inc., it owns and operates four Las Vegas hotel-casinos, the Barbary
Coast, the Gold
Coast, the Suncoast
and The
Orleans.
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ATLANTIC
CITY, NJ - MGM Mirage executive announce January 17 they will
delay development of a Strip mega-resort at the 55-acre Boardwalk
site and will instead focus their efforts on an Atlantic City
gaming project.
The
resort will be built on a 55-acre parcel in the center of
the H-tract, a former city landfill that will also be home
to the $1 billion, 2,000-room Borgata, a joint project of
Body Gaming Co. and MGM Mirage, set to open in 2003.
In
its announcement, MGM Mirage said it was putting development
opportunities on other site - including several in Las Vegas
and one along the Boardwalk in Atlantic City - on the back
burner. "We have rigorously examined the myriad development
options available to us, and have determined that the Atlantic
City parcel represents the most attractive near-term investment
opportunity," MGM Mirage chairman Terry Lanni said in a statement
of release Jan. 16.
The
size, scope, theme and budget for the Atlantic City property
will be announced once its design phase is completed. No timetable
for the development was available at press time.
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