A prime property on the Las Vegas Strip will remain unused for now, as billionaire Tilman Fertitta's plans for a 43-story casino are on hold due to a conflict of interest from his stake in Wynn Resorts. Fertitta purchased a 6.2-acre lot for $270 million, with plans for a hotel, wedding chapel, and theater, but the site has remained vacant. A spokesperson confirmed there will be no development while he retains ownership in Wynn. The current economic climate in Las Vegas also poses challenges for new construction.
Billionaire Tilman Fertitta's plans for a 43-story casino on the Las Vegas Strip are on hold due to conflict of interest stemming from his 12% share in Wynn Resorts.
Fertitta paid $270 million for a 6.2-acre lot that was previously occupied by a Travelodge and various eateries, intending to build a major hotel and casino.
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