Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Caesars' $550M Linq to open in Las Vegas in 2013

    By OSKAR GARCIA - Associated Press | AP – Wed, Aug 17, 2011

    LAS VEGAS (AP) — Caesars Entertainment Corp. plans to open a $550 million outdoor promenade on the Las Vegas Strip in June 2013, linking its casinos on the east side of the boulevard with restaurants, bars and a 550-foot observation wheel.

    Calling the Linq project Sin City's first major development after the Great Recession took its toll on tourism, Caesars spokeswoman Jan Jones told reporters Wednesday that the construction will employ 3,000 workers to build something that will cater to 21- to 46-year-olds — a set of tourists expected to make up more than half the market in four years.

    "We're not just building another casino or hotel rooms — another big box — because quite frankly we don't think that's what Las Vegas needs," Jones said. "We have enough rooms, we have enough slot machines. What we need is new energy and new attractions that continue to bring customers to Las Vegas — and new customers."

    The centerpiece of the project is a soaring wheel — taller than the London Eye and the Singapore Flyer — with spherical air-conditioned cabins that can hold 40 people each and take 30 minutes to make one revolution.

    The wheel is designed to hold as many as 1,120 passengers at one time, with individual rides costing less than $20 each.

    The project will call for the existing O'Sheas casino on the Strip to be closed and moved to make way for the Linq's pedestrian entrance from the Strip.

    Rick Mazer, vice president of five of Caesars' casinos that run contiguously roughly along one-third of a mile of Las Vegas Boulevard, said O'Sheas will be incorporated into a rebranded, redone Imperial Palace. Mazer said Caesars will no longer lease the Imperial Palace name and will rebrand the casino.

    Greg Miller, Caesars' vice president of development, said the project is fully funded and will begin major construction next year, though preparations will begin in September.

    "Our project has every penny we need to complete it, sitting in the bank," Miller said.

    Caesars, the privately owned world's largest gambling company, raised $450 million in financing for Linq and the unfinished interior of its Octavius Tower at Caesars Palace in April. The loan matures in 2017.

    Caesars lost $155.5 million during the second quarter this year.

    ___

    Oskar Garcia can be reached at http://twitter.com/oskargarcia .

     

    1 comment

    • David Hyten
      David Hyten  •  St Louis, Missouri  •  2 mths ago
      i can't believe the O'Shea's is going down. IT was one of the highlights of past trips... Craps in the (semi) fresh air on the strip.
     Post a comment
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]

    News For You

    Loading...