Las vegas casino demolition Watch: Implosion of last tower of famed Riviera Hotel and Casino in Vegas - CBS News

Las Blackjack table generator has a long history of building giant hotels and then destroying them to make way for even larger megaresorts. Land on the Las Vegas Strip is so valuable that it usually makes more sense to destroy an old hotel to make way for a new one than to build off-Strip on undeveloped land. But it's been years since the last resort was demolished, and construction came to a halt once the Great Recession hit in Now the city is in the midst of a recovery, and it's only a matter of time before the demolition crews are back again.

But which casino will be blown up next? Las Vegas' skyline is constantly changing and it's only a matter of time before another casino comes down. Image is in public domain. When looking at blowing up a Las Vegas casino, the only thing that matters is money. Potential profits from a new casino have to be larger than the cash flows of an existing casino.

From a financial perspective, the upside just doesn't exist. But across the street from the Bellagio sits a group of properties that would make a great site for Las Vegas' next megaresort. But finding out how much money these properties make -- or lose -- is harder than it seems. While none of these companies breaks out the performance of this web page resort individually, you can see below that as a group these subsidiaries aren't very profitable, if at all.

This terrible financial performance combined with the central location on The Las Vegas Strip makes these prime candidates to be the site of the newest Las Vegas megaresort. But instead of Caesars doing the work itself, something it definitely couldn't afford, a new buyer would likely have to las vegas casino demolition in.

Genting Group, who owns one of two gaming licenses in Singapore, recently bought a property on the north end of The Strip, and Melco Crown could eventually target Las Vegas for expansion. Maybe they'll be the ones to implode a few of Las Vegas' icons.

Las vegas casino demolition plausible scenario is the implosion of Excalibur on the south end of the Las Vegas Strip. Bobak Ha'Eri via Wikimedia Commons. With that backdrop, it may be a decade before MGM Resorts is ready to build las vegas casino demolition megaresort. I may be speculating when the next resort will be leveled, but on the north end of The Strip sits an abandoned project called Fontainebleau.

Billionaire Carl Icahn owns the resort and may demolish it piece by piece for scraps. We may not know exactly which casino will be imploded next, but Las Vegas' ever changing skyline won't stay stable for long. It's only a matter of time before blast crews are back in Sin City getting ready to bring one of the city's icons down again. The Motley Fool is short Caesars Entertainment. Try any of our Foolish newsletter las vegas casino demolition free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

The Motley Fool has a disclosure policy. Travis Hoium has been writing for fool. Skip to main content The Motley Fool Fool. Stock Advisor Flagship service. Rule Breakers High-growth stocks.

Income article source Dividend stocks. Hidden Gems Small-cap stocks. Inside Value Undervalued stocks. View all Motley Fool Las vegas casino demolition. Learn How to Invest.

Nov 19, at 7:

Las vegas casino demolition Vegas Implosions - Implosions in Las Vegas - Las Vegas Implosions |

By Chris Spargo For Dailymail. Famed Las Vegas visit web page reduced to rubble', 'url': It is the end of an era in Las Vegas as one of the most famed hotels and casinos on the Strip was demolished in the early morning hours of Tuesday. The final tower of the Riviera was reduced to little more than rubble a little over a year after the city's first high-end casino shut its doors in May of last year.

Long known as a classic mob joint featured in films such as Oceans 11 and Diamonds are Forever, the Riviera also hosted the residences of famed Vegas performances including Liberace and Dean Martin during its heyday.

End of an era: Las Vegas' famed Riviera hotel and casino las vegas casino demolition demolished las vegas casino demolition the early morning hours of Tuesday.

The classic mob joint that was featured in films including Oceans 11 and Diamonds are Forever closed last May. During its heyday the venue hosted the Las Vegas residences of iconic performers including Dean Martin and Liberace. The Riviera on May just days before it closed its doors in Las Vegas above. The implosion happened around 2am and sent the Riviera's Monte Carlo tower crashing to the ground, the last of the 13 buildings to be leveled on the property.

In June, the Monaco tower was imploded on the property with far more fanfare and a viewing area for members of the public to watch the spectacle. There was even a firework display moments before the demolition. That was not the case on Tuesday however, with no viewing area set aside for members of the public. When The Riviera opened inorganized crime outfits from across the country had already sunk their teeth into the casinos in a takeover that had started the decade before.

Gambling profits were skimmed to send back home to pay for their gangs' illegal enterprises involving illegal betting, las vegas casino demolition, prostitution and even murder. The mobsters were known to have controlled the money-counting at the most famous casinos in their casino games gratis download, including las vegas casino demolition Dunes, Sands, Desert Inn and Stardust - all of which have already disappeared from the Strip.

The Riviera was first proposed by Detroit mobster William Bischoff as the Casa Blanca, and in received its gaming license. Bischoff later withdrew from the project, which was taken over by Miami businessman Samuel Cohen and finally opened in after three years. The casino struggled however and went bankrupt within just three months of its opening.

The controlled implosion can be seen at the base of the building on Tuesday. The site will now be used to expand the Las vegas casino demolition Vegas Convention Center.

It was swiftly taken over by former managers of the Flamingo Hotel - the las vegas casino demolition mob-run business owned by Bugsy Siegel, who is regarded as one of the most historically significant mobsters from that era. Most of Riveria's contemporaries have been long gone, with only the Tropicana and Flamingo casinos still in business.

The Flamingo has been completely rebuilt at its original location, but the Tropicana still has pieces of its original building, making it the last true mob structure on the Strip, said Michael Green, Nevada historian las vegas casino demolition a professor at the University of Nevada, Las Vegas. It was swiftly taken over by former managers of the Flamingo Hotel - las vegas casino demolition infamous mob-run business owned by Bugsy Siegel.

There was little fanfare around the event and no viewing area for the public to watch. The casinos were cleaned up in the s and s, courtesy of state and federal crackdowns on organized crime. Sadly, the hotel closed in May after 60 years on the northern end of the Strip.

The views expressed in the contents are those of our users and do not necessarily reflect the views of MailOnline. Riviera comes crashing down: Share this article Share. Share or comment on this article e-mail Most watched News videos Obama: I've had to make statements like this too many times Can you hear the difference?

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