The financing is lined up for an 1,100-room addition to The Venetian resort on the Las Vegas Strip, company executives disclosed during an earnings conference call.
President William Weidner said 65% of last years profits came from non-gaming operations. Gaming provided 37% 24% from slots, and 13% from table games.
An outside goldola ride will be opened in the next few months, he said. The baccarat pit will be doubled in size, with semi-private gaming rooms added.
The resort plans to be "more selective in our players," he added.
Weidner said the resort needed to add more rooms, since 1.7 million room-night requests were turned away in the past nine months, either because of non-availability or the customer "did not meet maximum potential."
Inyokern casino plans bared
A Native American casino resort may be in the works near Inyokern, between Barstow and Death Valley.
Two members of the Winds Intertribal Council told the Ridgecrest City Council last week that Paragon Gaming of Las Vegas is considering several sites in the Indian Wells Valley for the development.