Who Owns Vegas


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Who Owns Vegas
Photo © Andrew Hudson
Welcome to fabulous Las Vegas
Last updated:
First published: October 2005

Palmer City-Core Union Park Hotel

Proposing the Charlie Palmer Hotel (426 rooms) in downtown. Located on 3.1 acres in Union Park, the 426-room non-gaming resort will include at least 100 condo-hotel rooms. A joint venture between celebrity chef Charlie Palmer and San Francisco-based City-Core Development. Palmer previously proposed a 400-unit condo-hotel on the site of the defunct Golden Palms Hotel-Casino, but that deal fell through.

The Palms Casino Resort

See Maloof.

Paramount Worldwide Gaming

A subsidiary of Royal Palm Communities, the majority owner of Royal Palm Las Vegas LLC, developer of Paramount (1,800 rooms?) on the south Strip by the "Welcome To Las Vegas" sign on the site of the old Klondike.

PBL (Publishing & Broadcasting Limited)

In 2007, PBL split into two separate companies: Crown LTD and Consolidated Media Holdings. 38% of Crown's stock is owned by Consolidated Press Holdings, Ltd, a private company led by James D. Packer. James Packer is Australia's richest tycoon. At the time of the split of PBL, Crown owned:

  • 19.6% (April 2006) of Fontainebleau Resorts which is building Fontainebleau Las Vegas (opening 2009, 3,889-room hotel including 2,719 standard rooms, 152 suites and 1,018 luxury condominium-hotel units).
  • 37.5% (2006) of LVT1, LLC which is building Crown Las Vegas, a 5,000-room hotel with two 1,000-plus-foot-tall towers.
  • 41% of Melco PBL Entertainment (Nasdaq: MPEL) operates the Crown Macau casino.
  • 100% (2007) of Cannery Casino Resorts.

PBL Gaming

See Publishing & Broadcasting Limited.

The Peebles Corp

R. Donahue Peebles, founder and chief executive.

In June 2007, announced Las Palmas Hotel and Residences (800 hotel rooms, 1,030 condos, opening 2009). Costing $2.5-billion, there would be one 55-story tower with the hotel and some condos, plus three more 55-story condo towers, all on 13 acres just south of the convention cente. Based in Coral Gables, Florida, Peebles has projects in Miamai.

Pinnacle Entertainment, Inc.

Hotels: 0; Rooms: 0

NYSE: PNK | pnkinc.com | Hoover's Profile

Based in Las Vegas, Pinnacle owns five "locals" casinos in Nevada, Indiana and Louisiana with the brands Boomtown and Casino Magic. In 2006, Pinnacle made a bid for Aztar Corp, owner of the Tropicana, but lost to Columbia Sussex. Has also shown interest in buying The Sahara. The Chairman and CEO is Daniel Lee.

PHW Las Vegas LLC

A subsidiary of Harrah's formed to buy Planet Hollywood (2,567 rooms).

If completed, Harrah's would own 126 acres on the east side of the Strip between Flamingo Road and Harmon Avenue.

Planet Hollywood International, Inc.

Hotels: 1; Rooms: 2,567


Preferred Hotel Group


Based in Chicago, The Preferred Hotel Group is a privately-held, shareholder-owned company led by John Ueberroth. Provides branded marketing, sales and service solutions for independently-owned luxury hotels. Las Vegas hotels include the Platinum (owned by Marcus), and Green Valley Ranch and Red Rock Casino (owned by Station Casinos).

Property & Building Corporation Ltd. (PBC Group)

Owns 47.5% of Elad IDB Las Vegas which, in 2007, bought The New Frontier (986 rooms). Traded on the Tel Aviv Stock Exchange (TASE), PBC is 63% owned by Israeli-based IDB Holdings Corp through subsidiary Discount Investment Corporation.

Proteus Creative, Inc.

Steve Dooner and Kelly Jo Horton.

See Las Vegas Wet.

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Copyright © 2005–2011 Andrew Hudson for Photo Tour Books, Inc. Written for A Photo Tour of Las Vegas. You may reproduce this article for personal, educational, non-commercial and non-Internet use, such as in a hobbyist newsletter or school project. No Internet publishing is permitted. For commercial use, please email Andrew Hudson for permission.