Topics

Dean Martin
L.A. nightclub operator Sam Nazarian bets on Las Vegas hotel-casino
L.A. nightclub operator Sam Nazarian bets on Las Vegas hotel-casino

Los Angeles nightclub impresario Sam Nazarian opened his latest SLS hotel with the usual flair. Champagne flowed, rock tunes blared, celebrities preened and fireworks exploded from the trendy hotel's roof on the Las Vegas Strip. The light show cast an eerie glow on a neighboring property: the defunct, half-built Fontainebleau Resort. The liquidated hotel and casino, encircled by a weed-choked lot, is a reminder of how quickly fortunes change in Las Vegas. Nazarian is making an $800-million bet on the decaying northern reaches of the Strip. The SLS Las Vegas, opened this summer, rose from the bones of the old Sahara Hotel and Casino, replacing Middle Eastern kitsch with modern flash....

Loading