Why THIS Eyesore Replaced the Mob-Run Stardust Resort in Las Vegas?

Why THIS Eyesore Replaced the Mob-Run Stardust Resort in Las Vegas?


Since its inception, Las Vegas has been portrayed
as the epitome of opulence, and luxury.
While this reputation aided in transforming
the city into what it is today, it has also
negatively impacted “Sin City”.
When the Great Recession of 2008 hit, no major
city felt its devastating effects to the extent
of Las Vegas.
The majority of tourists could no longer afford
to spend exorbitant amounts of money on travel,
especially to places as highly priced as the
Strip.
Thus, tourism and casino revenues plummeted,
leaving thousands without work.
The Recession also took a toll on multiple
developments, leading to the bulk these projects
halting construction.
One of the more notable failed Strip projects
was Echelon Place, now known as Resorts World.
Hey everyone, how’s it going?
My name is Jonah Stahl, and welcome to Abandoned
Explained.
In today’s video, we’ll be taking a look
into what lead to the development of the Strip’s
most recognizable reminder of the Recession,
Echelon Place.
In order to provide you with the complete
picture of what happened here, we must first
cover the history behind the infamous Stardust
Resort.
Since I started this series, these two topics
have been requested numerous times.
Considering these two establishments directly
affected one another, I thought it would be
best to cover them both in one video.
If you do not want to learn about the history
behind the Stardust, skip to the time code
posted on the screen.
If you have any topics you want me to cover
in this series, let me know down in the comments
below!
Also, if you enjoy the video at any point
be sure to hit that like and subscribe button!
Anyways, let’s dive right into it!
During the early 1930’s, a small railroad
town known as Las Vegas passed a bill that
forever changed the valley.
In 1931, Nevada re-legalized gambling under
“The Wide Open Gambling Bill”, thus laying
the foundation for an economy that would transform
the sleepy little town into a World Renowned
Tourist Destination.
Development was slow at first, however things
picked up following construction of the El
Rancho Hotel in 1942.
While this event seemed insignificant at the
time, the El Rancho paved the road for future
developments in Las Vegas.
What many failed to realize was, the opening
of the El Rancho marked the birth of the Las
Vegas Strip.
Throughout the 1950’s, Las Vegas saw the
development of a variety of casinos that eventually
became Strip icons such as The Mint, the Flamingo,
and the Stardust.
During the early 1950’s, Tony Cornero conceived
a plan to construct a casino in Las Vegas
shortly after recovering from an assault.
Prior to moving to Las Vegas, Tony and his
wife lived in Beverly Hills, California.
On February 9th, 1948, while meeting with
two potential investors for a casino project
in Mexico, Tony received a knock on his door.
After opening the door, he met a character
who he assumed to be a delivery person.
The man handed Tony a box and uttered the
words “Here Cornero, this is for you”
before shooting him in the abdominal region
four times.
Miraculously, Tony survived the assault, however,
his deal with the investors he met fell through.
After recovering from his injuries, Tony moved
his family out to Las Vegas, Nevada.
Once settled, Tony devised a plan to construct
the world’s largest casino-resort, the “Stardust
Resort and Casino”.
After finalizing his plans, Tony purchased
a 40-acre parcel of land on the Las Vegas
Strip.
Today, this section of land is located adjacent
to the Circus Circus Hotel and Resort.
Following his purchase, Cornero filed an application
with the United States Securities and Exchange
Commission to sell stock in the property.
Once approved, Tony bought 65,000 shares in
the property for .10 cents a piece, making
him the majority stockholder at fifty-one
percent.
He then sold the remaining stock and filed
for a gaming license with the Nevada Gaming
Commission.
By 1955, construction was well underway on
the project, which expected to have over one
thousand hotel rooms.
Up until this point, construction on the project
had mainly been financed by American Gangster
Moe Dalitz, who provided Tony with three loans,
totaling to 4.3 million dollars.
As construction progressed, Cornero encountered
a major problem.
The Nevada Gaming Commission refused to issue
him a gaming license due to his extensive
criminal history.
In response to the sudden change of events,
Tony struck a deal with investors led by the
Notorious Illegal Gambler from Los Angeles,
Milton B. “Farmer” Page to lease the “Stardust”
for $500,000 per month.
On July 31st, 1955, Cornero encountered a
string of bad luck that ultimately lead to
his demise.
Within one night, he gambled away $37,000
on a craps table at the Desert Inn Casino.
Adjusted for inflation, in one sitting Tony
managed to gamble away nearly $350,000 dollars.
As the night went on, Tony and the Dealer
wound up in a heated argument over a twenty-five
dollar chip.
According to the LVPD Coroner’s Office, Corner
suffered a “massive heart attack, and passed
on before hitting the floor”.
Despite the Corner’s statement, rumors began
to circulate that someone had poisoned Tony’s
drink.
These rumors gained credibility when eyewitnesses
came forward and informed the public of what
they saw.
Witnesses claimed that prior to authorities
arriving on scene, employees removed Cornero’s
body from the casino.
Witnesses also claimed that the glass he drank
from was immediately washed after his passing.
Despite the suspicious details surrounding
the death, police never performed an autopsy
on Tony’s corpse.
Following Cornero’s death John Factor, a
con artist associated with the Chicago Outfit,
purchased the under construction resort for
around four million dollars.
Once the purchase was finalized, Factor brought
in the projects loan holder, Moe Dalitz, and
the management team from the Desert Inn to
run the Resort.
To complete construction on the resort, the
new developers received a ten million dollar
loan.
On July 3, 1958, Tony’s vision became reality
as the Stardust hosted their grand opening
ceremony.
The main “star” of the Stardust’s grand
opening was the “Lido de Paris” show at
nine pm, the first topless french revue production
on the Strip.
Upon opening, the Stardust became the largest
resort on the Las Vegas Strip with the capacity
to host over 1,000 guests.
The property sat on 40 acres of land, with
rooms arranged into six buildings named after
different planets.
Developers arranged the hotel structures in
such a way that permitted at-door parking
for every guests.
Developers also soundproofed every room, a
luxury provided by few casinos at the time.
The luxuries afforded to guests made a stay
at the Stardust one of a kind.
While a room here only ran you six bucks a
night, or fifty dollars when adjusted for
inflation, guests were provided with countless
amenities not offered anywhere else on the
Strip.
Guests here had access to thirty-six different
services ranging from Auto Rentals to Babysitters.
The pool, otherwise known as the Big Dipper
Pool, extended over 105 feet, and set a world
record for its size.
The Stardust also offered rooms with individual
temperature controls, a rare luxury at the
time.
The Stardust boasted one of the largest casino
floor on the Strip, spanning 16,500 square
feet.
To put this into perspective, the largest
casino floor on the Strip today is at the
Venetian Resort, which is approximately 138,000
square feet.
The Stardust’s original casino floor could
fit inside the Venetian’s Casino eight times.
Upon opening the Resort, the Stardust remained
open 24/7 to keep up with the Las Vegas Nightlife.
(PUT FUN FACT THAT THE STARDUST REMAINED CONTINUOUSLY
OPEN FOR 48 YEARS BEFORE CLOSING) In order
to advertise the property, Factor knew he
needed to create something completely original.
While other casinos boasted prestigious circle
drives, elaborate lawns, and massive fountains,
the Stardust took a different approach.
Factor installed the world’s largest cantilever
sign to advertise the resort.
The sign spanned 215 feet, and required an
electrical input of 3,000 amps to operate.
This high electrical input allowed the sign
to be seen three miles down the Strip.
The sign also set a world record due for its
immense size.
Shortly after the Stardust’s grand opening,
the nearby casino “Royal Nevada” discontinued
operations.
Financial problems which plagued the project
from the beginning, eventually forced the
resort to close only four years after opening.
In response to the closure, the Stardust purchased,
and renovated the defunct property.
The “Royal Nevada” was transformed into
the Stardust West, which contained the Convention
Center, and the High Roller Suites.
From 1959 to 1964, this wing became exclusively
known for housing both High Rollers, and the
Stardust Showgirls.
With the addition of the Royal Nevada, the
Stardust now had the capacity to host 1,300
guests.
During the first years of operation, the Stardust
owned the only Drive in theater in Las Vegas.
Due to the circumstances, the Stardust Drive
in became a popular hangout spot for teens,
and adults.
The theater remained the only theater of its
kind until 1965, when the West Wind Drive
In opened.
By 1961, the Stardust employed a concerning
amount of high profile criminals.
A few honorable mentions include: Credit Manager
Hy Goldbaum, who was known under eleven different
aliases, and had fourteen criminal convictions
including one for assault.
Casino Manager Johnny Drew, a trusted associate
of Al Capone, and General Manager Morris Kleinman,
who served three years for tax evasion.
Moe Dalitz, and his team leased the property
until 1965, when they became the owners of
the resort.
From 1965 to 1970, Dalitz and his team operated
the Stardust International Raceway in Spring
Valley, which is part of the Las Vegas Township.
The speedway hosted racing events such as
the Can-Am, and the USAC Championship Car
Series.
World class drivers like Mario Andretti, Bruce
McLaren, Mark Donohue, and Jackie Stewart
competed here during the Stardust’s operation
of the track.
In 1966, eccentric billionaire Howard Hughes
attempted to purchase the Stardust for 30.5
million dollars.
Hughes previously purchased the Desert Inn
for thirteen million dollars, along with many
other casinos including the Sands, and New
Frontier.
His interest in the project stemmed from its
reputation as the largest resort in Las Vegas.
Before Dalitz could sell the project, the
Justice Department Antitrust Division stepped
in and shot down the deal.The Antitrust Division
ruled that if Hughes acquired any more projects
on the strip, he would violate the Sherman
Antitrust Act.
During the late 1960’s, the Stardust gave
Siegfried and Roy their first shot as headliners
on the Strip.
Thanks to this, the entertainers gained popularity
in Las Vegas for their performances with White
Tigers and Lions.
The pair eventually moved their act to the
Mirage, selling out every show from the first
night to the last.
As the Sixties came to an end, Dalitz sold
the Stardust to the Parvin-Dohrmann corporation
for an undisclosed amount.
Parvin Dohrmann sat on the property for five
years, before selling it Allen Glick’s Argent
Corporation in 1974.
Allen Glick purchased the property using loans
provided by the International Brotherhood
of Teamsters Central States Pension Fund.
Glick, a previous attorney and real estate
investor from San Diego, received one hundred
million dollars in loans from Teamsters Central
States Pension Fund.
Using this money, he first purchased the Hacienda
Hotel, then the downtown Fremont Hotel, and
finally the Stardust.
If you have seen the movie “Casino”, this
story may sound familiar.
That is because “Casino” is based off
the story of the Stardust.
If you substitute the “Stardust” for “Tangiers”,
you know what happens next.
Under Argents ownership, Frank “Lefty”
Rosenthal became the unofficial boss of the
casinos, despite not having a gaming license.
While some disliked Rosenthal’s management
style, the casinos all saw a massive spike
in popularity.
Rosenthal’s ability to bring in High Rollers
resulted in a sizable increase in dealer tips.
This alone made him a popular face on the
casino floor.
Rosenthal’s most memorable addition to the
Stardust was their two million dollar Sports
and Race Book.
(PUT WHAT SPORTS AND RACE BOOK IS ON SCREEN)
The addition of this segment became the casinos
most popular attraction due to their abnormally
high betting limits.
Nowhere else on the Strip could you find a
one hundred thousand dollar maximum bet.
At the time, competitors on the Strip limited
bets between one thousand to five thousand
dollars.
Supposedly, the pay phones outside the Sports
Book were the highest grossing in the country.
Runners used the phones to inform out of state
associate’s about the Stardust’s Betting
Lines immediately after they were posted.
The “Stardust Line” became the industry
standard up until the book’s closure.
While Rosenthal made the resort an unbelievable
amount of money, he also oversaw a table and
slot skimming operation at the Stardust.
This operation led to millions of unreported
revenue being sent to the Chicago Outfit,
and other Crime Families to fund their illegal
enterprises.
Inevitably, things came crashing down when
federal investigators confirmed that throughout
the 1970’s, Stardust employee’s skimmed
profits from the resort, and distributed the
funds between several midwestern mob bosses.
Investigators alleged that millions of dollars
in revenue went unaccounted for, and that
the unaccounted revenue was distributed to
criminal organizations before the Stardust
reported their earnings.
Towards the end of the 1970’s, Argent Corporation
started to face legal issues related to the
skimming operation.
Admits the controversy, Argent sold the Stardust
to Herb Tobman, and Allen Sachs in 1979.
Initially things went well under the pair,
however authorities discovered that they too
skimmed profits at the resort.
In response, the Nevada Gaming Commission
revoked their gaming licenses, and forced
them to forfeit control of the property.
In 1984, the duo received a three and a half
million dollar fine from the Nevada Gaming
Commision.
This fine set a record as the largest fine
ever issued by the Nevada Gaming Commision.
Due to the situation at hand, the commision
awarded Boyd Gaming the rights to operate
day to day activities at the Stardust.
In 1983, a Federal Grand Jury indicted fifteen
people for conspiring to skim at least 1.6
million dollars from the casino table games.
Those indicted included notorious criminals
such as the head of the Chicago Outfit Joseph
Aiuppa, Milwaukee Syndicate Boss Frank Balistrieri,
and Kansas City Mafia Chief Carl Civella.
Authorities later charged a group of Cleveland
Mobsters for sharing the stolen casino profits
with other criminal organizations.
Authorities estimated that the Stardust alone
“lost” over two million dollars.
In Federal Court, Cleveland Mobster Angelo
Lonardo turned on his associates, and testified
against them.
The Mobster turned informant testified that
his close friend, who was the Cleveland Mafia’s
Point Man, informed him that the mobsters
from Kansas City, and Milwaukee, had considerable
say in who the Teamster Pension Fund issues
loans too.
He stated these mobsters convinced Teamster
to issue a loan to Allen Glick’s Argent
Corporation.
Lonardo also revealed that the Chicago, Milwaukee,
Kansas City, and Cleveland Crime Families
received a monthly kickback from the Stardust
skim, ranging between $40,000, and $100,000.
He concluded his testimony by saying that
Teamster Union Official William Presser received
a $1500 monthly pension from the skim.
Before the hearing begun, Kansas City Mafia
Head Carl Civella, and three others accepted
a plea deal, thus pleading guilty to lesser
charges.
After the trial, the jury deliberated for
thirty hours over a six day period before
coming to a decision.
Chicago Mob Boss Joseph Aiuppa, and four others
were convicted of skimming revenue, while
secretly controlling the Stardust Resort and
Fremont Hotel.
Each defendant was convicted on all eight
counts, each of which carried a maximum penalty
of five years in prison, and a ten thousand
dollar fine.
Allen Glick, the man responsible for purchasing
the Stardust, and two other hotels on the
Strip, played a key role in convicting those
involved in the Skimming Operation.
Glick claimed in court, he had no knowledge
of Frank’s criminal activity prior to attending
a meeting with Delbert Coleman to discuss
financing for the purchase of the Stardust
and Fremont Hotel.
Many questioned the accuracy of this claim
since Glick attended school with one of Frank’s
sons.
Glick continued by explaining that through
the four mob families influence, he received
a loan for nearly sixty three million dollars
from the Teamster Pensions Fund.
He then used this money to purchase the Stardust,
and other resorts under his company, Argent
Corporation.
Teamster later went on to issue a second loan
to Glick for twenty five million.
This loan provided Argent Corporation with
the funding necessary to re-develop and improve
the Stardust.
Glick ended his testimony by claiming his
involvement in the skimming conspiracy stemmed
from his intimidation of the crime figures.
Prosecutors acknowledged his testimony as
the truth to the jury, and as a result, Glick
got off scott free.
Controversy surrounding the Stardust finally
laid to rest in 1985, when Boyd Gaming purchased
both the Stardust, and the Fremont Hotel.
Boyd’s Gaming had a reputation for abstaining
from criminal activity, leading many to view
their acquisition of the property as a new
beginning.
Throughout the ninety’s, the Stardust underwent
several drastic changes.
Being one of the last resorts on the Strip
from the 1950’s, the Stardust underwent
a three hundred million dollar renovation
to modernize the resort in 1991.
The renovation plans included adding a new,
thirty two story hotel tower, along with two
swimming pools, a golf course, and athletic
facilities.
One year later in 1992, Boyd replaced the
Stardust’s famous “Lido de Paris” show,
with a less established show known as “Enter
the Night”.
While “Enter the Night” never received
the same attention as “Lido de Paris”,
the show stayed with the Stardust for seven
years before parting ways in December of 1999.
Around the same time, Developers also replaced
the futuristic lettering on the original sign
with a blocky typeface lettering.
Before the turn of the century, Wayne Newton
signed the biggest entertainment deal in Las
Vegas History.
In October of 1999, Newton signed a ten year
deal with the Stardust, for a reported twenty
five million dollars per year.
According to the deal, he would perform exclusively
at the Stardust for forty weeks out of the
year.
Due to contractual obligations, Newton ceased
all performances in the Hollywood theater
at MGM Grand.
Following his signing, the Stardust renamed
their nine hundred and twenty seat theater
to the “Wayne Newton Theater” in his honor.
The turn of the century marked the beginning
of the end for the Stardust Resort.
While the casino retained some of its popularity,
it would never be as profitable as the newer
Mega-Resorts built on the Strip.
Towards the end of the 1980’s, the Las Vegas
Strip underwent a gradual transition due to
the steady decline in organized crime involvement.
Long gone were the days of “Rat Pack”
Vegas, as the Strip shifted towards a more
commercialized, and family friendly environment.
This new Chapter in Las Vegas History came
to be known as the “Mega-Resort Era”,
and kicked off in November of 1989 with the
opening of Steve Wynn’s Mirage.
Steve Wynn’s Mirage set a new standard for
luxury on the Strip, and attracted droves
of tourists as a result.
What followed the Mirage’s astronomical
success was nearly twenty years of rapid growth,
and financing for projects.
By the start of the twenty first century,
the era of Mega-Resorts was in full swing,
and the Stardust struggled to keep up.
In an attempt to become competitive with the
new Mega-Resorts, the Stardust demolished
four of the original two story buildings to
make way for the planned twenty five million
dollar renovation.
Renovations done to the Resort included upgrading
the public facilities and guest rooms, construction
of a new, three hundred and forty seat buffett,
and lastly, refurbishment of the property’s
roadside sign.
Regardless of the renovations, the Stardust
continued struggle as newer resorts out shined
the once iconic resort.
In a last ditch effort to save the declining
resort, Stardust officials brought in Magician
Rick Thomas as a performer in March of 2005.
The following month in April, Newton decided
to end his run at the resort four and a half
years early.
His departure hit the resort hard, despite
Thomas’s magic show becoming the most successful
daytime show on the Strip.
Once Newton left the Stardust, no one questioned
if the resort was going to close.
The question now stuck in everyone’s mind
was when it would close.
By 2004, Boyd Officials recognized that the
Stardust’s closure was inevitably.
In response, officials created a plan to potentially
redevelop the site of the Stardust.
In July, Boyd put their plan into action,
and spent a hefty 1.2 billion dollars on purchasing
Coast Casinos Incorporated.
This pricey acquisition provided the company
with four new properties: the Sun Coast, the
Gold Coast, the Orleans, and Barbary Coast.
A few months later in November, Boyd purchased
a thirteen acre parcel located contiguous
to the Stardust for forty three million dollars.
Between 2004 and 2006, the company purchased
several more properties, including the land
between the Stardust and the Westward Ho.
Towards the end of 2006, a deal was made with
Harrah’s Entertainment to trade the Barbary
Coast Casino, for eleven acres located adjacent
to the Stardust.
In total, Boyd acquired eighty seven acres
for the Stardust re development.
In January of 2006, Boyd Gaming announced
to the public they would be replacing the
Stardust, and Westward Ho with a new project
known as “Echelon Place”. Boyd described
Echelon as a luxurious multi-use complex boasting
five partially separated hotel towers, with
a combined guest capacity surpassing 5,000
people.
The project sat on eighty seven acres, and
was to contain a 140,000 square feet casino
floor, a convention center with close to a
million square feet of space, and numerous
other amenities.
The development expected to become the centerpiece
of the northern end of the Strip.
With the development of Echelon Place, Boyd
hoped to surpass the Mirage and become the
leader in luxury on the Strip.
Estimated to cost four billion dollars if
completed, Echelon Place is believed to be
the second most expensive hospitality development
ever undertaken.
The only project to top Echelon is the Mirage
and MGM’s six billion dollar CityCenter
project.
Following the announcement, on November 1st,
2006, after remaining continuously open for
forty eight years, the Stardust Resort and
Casino finally closed their doors to the public.
Once the clock struck noon, the Bobbie Howard
Band lead patrons out of the resort one final
time to the tune of “When The Saints Go
Marching In.”
After operating for twenty four hours a day,
seven days a week, the Stardust sat eerily
quiet and empty for the first time in nearly
half a century.
On March 13th, 2007, at two in the morning,
the Stardust was imploded to make way for
the planned construction of “Echelon Place”.
The demolition ceremony included a firework
show displaying a ten second countdown to
the implosion.
Despite only four hundred and thirty pounds
of explosives being used in the demolition,
the Stardust became the tallest building to
be imploded on the Las Vegas Strip.
Almost immediately after demolition wrapped
up, construction teams began prepping the
land for construction.
Many of the newly purchased land parcels contained
structures which needed to be removed prior
to the start of construction.
After the prep work was completed, construction
officially begun on Echelon Place during the
summer of 2007.
Developers presumed the project would be completely
finished by 2010.
Towards the end of 2007, the United States
began to undergo an economic recession that
wreaked havoc on the tourism economy.
While established Casino’s experienced severe
problems relating to the Recession, planned
projects seemingly felt the brunt of the damage.
On August 1st, 2008, Boyd Gaming announced
that construction on Echelon would be halted
for three to four quarters due to the poor
economic conditions.
Project officials announced they intend on
resuming construction upon the recovery of
the credit market, and Las Vegas Economy.
This was bad news for many Las Vegas residents,
who were relying on the opening of places
like Echelon Place to bring jobs to the Valley.
During the subsequent year, the recession
continued to wreak havoc on the valley . Boyd
Gaming took a massive hit in 2009, when the
company experienced a massive drop in their
share prices, and revenue.
The recession’s effect on Boyd’s revenue
resulted in the company losing millions of
dollars in profit.
After tough deliberations, Boyd Officials
concluded the best course of action was to
suspend construction on Echelon Place until
the economic conditions in Las Vegas improved.
In a statement released by Boyd, the company
stated that while they believe in the long
term viability of Las Vegas, the current economic
conditions in Las Vegas would not support
a project like Echelon Place.
The company concluded by stating that construction
would not resume any time soon, and that locals
should expect construction to be suspended
for three to five years.
Three years after suspending construction,
Boyd Gaming announced they planned on finish
construction at Echelon Place.
Boyd stated this time around, they were determined
to claim their spot as one of the top luxury
destinations on the Las Vegas Strip.
Following the announcement, Clark County granted
Boyd an extension till 2018 to finish the
project.
Plans to resume construction fell through
less than a year later in 2013, when Boyd
Gaming sold the 87 acre site to the Malaysian
gaming company Genting Group, for three hundred
and fifty million dollars.
Genting Group is a well respect, gaming powerhouse
based from Kuala Lumpur, Malaysia.
The company owns several casino’s located
throughout the world, most noteworthy being
the Aqueduct Racetrack Casino in New York
City, which contains the world’s largest
slot machine floor.
Genting purchased the site with plans to develop
a chinese themed resort on the eighty seven
acres.
After the acquisition of Echelon Place, executives
from Genting Group received an invitation
to attend a local press conference.
At the conference, company officials revealed
their plan to construct a twenty one million
square foot chinese themed resort named “Resorts
World Las Vegas”.
Upon completion, the project would contain
four hotel towers with a combined room count
of 6,500 rooms.
Aside from the typical shopping and dining
areas, developers revealed part of their plan
included building a replica Great Wall of
China, a Panda Exhibit, and one million square
feet convention center.
Company Officials stated, construction on
Resorts World would occur in four “phases”
over the span of twenty four to thirty six
months.
Officials also disclosed that ”Phase One”
of construction would span eight million square
feet, and include 3,500 hotel rooms.
To reduce construction costs, Genting intended
on incorporating the structure of Echelon
Place into Resorts Worlds design.
“Phase One” planned to accommodate numerous
features, such as a seven and a half acre
indoor waterpark, a four thousand seat theater,
and a bowling alley.
Construction on the first phase was expected
to cost around four billion dollars, and break
ground in 2014.
Genting officials estimated that Resorts World
would open by 2016, and alleged the property
would supply nearly 12,000 jobs to the Valley.
Residents of Las Vegas found the announcement
of Resorts World to be a pleasant surprise.
Although the Great Recession began four years
earlier in 2008, Las Vegas was still experiencing
its devastating effects.
From 2002 until the economic crisis, unemployment
in the Valley had remained on a steady decline.
Before the Recession, unemployment in Las
Vegas sat around four percent.
Two years after the initial onset of the Recession,
unemployment in the Valley skyrocketed upwards
of ten percent.
Throughout this period of economic crisis,
the Hospitality Industry would suffer greatly
from the drastic decline in Tourist Spending.
As a result, many Las Vegas Residents lost
their jobs, and found themselves unable to
find new employment.
With the announcement of Resorts World Las
Vegas, many felt that things might finally
turn around for Las Vegas.
Resorts World received support from several
Nevada Government Officials, including Governor
Ryan Sandoval, and Senator Harry Reid.
Both Sandoval, and Reid praised Genting Group
for aiding in the recovery of the Las Vegas
Economy by providing employment to thousands
of people.
Construction got off to a rocky start, as
ground breaking was delayed until May 5th,
2015, one year after the initially planned
start date.
The project now expected to be completed by
mid-2018, two years after Resorts World was
initially scheduled to open.
Shortly after construction broke ground, construction
on the project slowed down considerably.
As the months wore on, work on the project
appeared to on a steady decline.
Genting Group also became increasingly quiet
about the project, and begun only posting
construction updates on Facebook.
By February of 2016, numerous locals questioned
the resorts status, as barely any work had
been completed.
With the current pace of construction, many
doubted the project would open by 2018.
In May of 2016, Genting Group announced their
plan to ramp up construction later that year.
Assuming construction stays on schedule, the
company expected the project to be complete
by early 2019.
Genting attributed the delays to Malaysia’s
currency depreciation, which decreased the
company’s global purchasing power, along
with waiting on approval from the Nevada Gaming
Commission for a gaming license.
The project sat in limbo for nearly two years,
as Genting Group geared up for resuming construction.
In 2018, over a decade since Boyd demolished
the Stardust to make way for a new development,
construction was finally in full swing.
In May of 2018, Genting posted an updated
timeline for construction on Resorts World,
which placed the resorts opening at the end
of 2020.
Since Gentings released the updated timeline,
construction has stayed on on pace with the
aggressive timeline.
This is attributed to on-site workers being
increased six fold since the start of 2018.
Towards the end of July, Genting Group Representatives
informed News Three Las Vegas that the two
hotel towers now stand twenty two and twenty
five stories tall, more than double their
initial height at the start of 2018.
The representatives also informed News Three
that both towers will stand sixty stories
tall by the end of the year, and be topped
out in the fall of 2019.
In order to remain on pace with the aggressive
building schedule, company officials stated
the number of workers will increase daily,
as construction expands out to different areas.
This is good news for the Vegas Construction
Industry, since Resorts World will continually
provide more job opportunities as construction
advances.
As 2018 comes to an end, construction at Resorts
World continues to keep up with the aggressive
building schedule.
While some skeptics believe construction will
not be completed until 2021 or later, many
locals remain hopeful that the project will
continue to stay on track, and open on schedule.
The Northern End of the Strip has been plagued
with abandoned developments, and declining
foot traffic since the initial onslaught of
the recession.
The Fontainebleau Las Vegas, now known as
the Drew, ceased construction in 2008, around
the same time Boyd Gaming announced construction
on Echelon Place was suspended.
Like Resorts World, The Drew is expected to
open at the end of 2020.
With both projects being highly anticipated,
many expect they will revitalize the Northern
End of the Strip upon opening.
At this point, only time will tell what becomes
of the former site of the Stardust.
I personally believe that when Resorts World
opens, it will be a successful addition to
the Las Vegas Strip.
Genting Group appears to be studying the market,
as well as carefully calculating what to build
in order to compete with the already established
casinos on the Strip.
While the Strip is historically one of the
most competitive markets out there, Genting
Officials should have no issue competing assuming
they play their cards right.
With proper marketing, and generous gaming
promotions, Resorts World is poised to take
over and dominate the Northern End of the
Strip.
If you enjoyed the video, hit that like button
down below!
This video was actually a suggestion I received
from one of you on one of my latest videos!
If you have any suggestions for future videos,
let me know in the comments down below!
Also, be sure to hit that subscribe and bell
icon so you can stay up to date on my latest
content!
Thank you all for watching, and I’ll see
you all next video, Peace!

100 thoughts on “Why THIS Eyesore Replaced the Mob-Run Stardust Resort in Las Vegas?”

  1. No shade, but as an Italian It irks me that you pronounce "Canarro" in a spanish tone/accent.
    All in all though bro, keep up the amazing work.

  2. Any fool who steps foot in that moneypit hot dusty wasteland more than once is a fool indeed. There is nothing you can't get in your own state casino's, including overpriced everything. You don't need to buy a plane ticket just for the pleasure of visiting a place that has nothing to do, except gambling. Oh, there's Lake Mead, big woop! Hoover Dam? Seen it once, seen it forever.

  3. I went to Las Vegas for the time in 1972. My parents loved to vacation in Las Vegas! The Stardust sign was my favorite thing to see as I grew up and kept visiting Las Vegas! I wish someone in Las Vegas would buy it and put it back up some where in Las Vegas!

  4. The Tangers…??? LoL🤣🤣🤣🤣. It’s pronounced TAN GEE RS. The Tangiers was a fictional Casino based on the Stardust in the moi e Casino.

  5. Ha! I still go to a drive-in that looks exactly like the one at Stardust but its in North Las Vegas. (Right next to VGT Airport)

  6. Vegas was great when the Mob had it… $1.99 breakfast and $4.99 steak dinners…. I think that it is a total rip off now… Corporate owned Hotels are worse then when the Mob had them.. I remember when people went home with money now they go home with empty pockets.. They had winners pictures on the walls $5.000 and $10,000 winners now there is nothing.. And people won cars now you hear that nobody wins nothing.. Vegas can make you homeless now with there payouts.

  7. 🤔 Interesting if we take into consideration the calculation you used to come up with adjusted for inflation values. I would have to say that most inflation adjustment calculators seriously under calculate the cost of most real world price increases.
    To put things more comparatively the stardust would be the equivalent of a top resort hotel today such as the Bellagio or the Wynn where a standard room is more like $150-180 a night.

  8. what will kill this project and Vegas in general are the "RESORT FEES" one reason I dont go there any more! just now worth the bang my dollars!

  9. Please, Please do a history and biography on Steven Wynn ,been always waiting for something like that. Your research is amazing i just know you will do a amazing job on him. Very interesting and strange fellow he is!

  10. Could you please speak a little faster????? Sheesh! soooooo annoying….

  11. Great job with all the history and up to date info on the developments. As a poler player, I'd like to hear later this year or early next year on what the new owners of Ceasers plans to do with The Rio, and if they plan to move the WSOP.

  12. This guy is GOOD…..yes, he speaks a mile a minute but you can understand every word. If he spoke slower, the piece would run an hour. Good job and amazing research.

  13. Vegas has gone quite a bit downhill. You are now robbed from the moment you arrive, starting with your taxi driver. Thousands of people are hauling luggage upstairs at the airport to get an Uber, a service which is banned from the arrivals level. The reaction to the last recession was apparently to raise all pricing to confiscatory levels. Used to be that gambling profits allowed food and beverage pricing to be absurdly cheap and hotel rooms to be almost free. This time, my room was as expensive as a hotel room in New York or San Francisco. Also, no one seems to be winning in the casinos. You used to hear people winning at the slots every few minutes. More than 90% of the take used to be paid out, albeit in mostly small amounts; this keeps gamblers happy and enjoying themselves, so more people gamble, and the casino was always full. Now it's continually half-empty. Corporate management is simply not smarter than the old-school Vegas managers. The new management quite clearly believes that every part of the operation has to be independently profitable. That is not working, and will never work.

  14. Las Vegas has lost its charm. It’s a crowded sprawling mall mentality. It’s not fun anymore. I was visiting last year for three days and after 2 days I just wanted to leave.

  15. Shecky Greene who is the father of lounge comedy in Vegas asked the ultimate question when the 5000 room MGM opened
    “How are they going check in that many people”

  16. The strip was never expensive and is still cheap now. The reason corporate conventions stopped was to avoid the “fun” appearance of Las Vegas. Not the cost. It is about the cheapest place you can hold a meeting.

  17. The Stardust had the prettiest sign on the strip. It would be cool if the old sign could be added to the new project. Maybe at a showroom entrance somehow?

  18. Union dues extra starch dollar dance hoover mickey mouse Intel patient dry cleaned job creation desert moon landing one step for America investment slot pull

  19. I worked in Vegas with a designer that did the Golden Gate back in the 60s. We also did the restaurant at the old Dunes (gone now) and work at the DI ( also gone). One of my favourite shows was the Lido since I was only 16 it was the first time I got to see some nude boobs! That was when the mob ran the town with names like Bob Picardo, Ittilo Gelphie, and Louie Navoie. The rooms were cheap and the food was always "comped" and you had to wear a jacket and tie to get into the shows on the strip! And in order to get past the velvet rope and to a great table you had better have a 10 or 20 ready to press into the doorman's hand otherwise you wait for hours for a table. Now the rooms are expensive, the food is expensive and parking isn't free. Room tax? Long waits to pay 45 bucks for an average brunch? I wonder how long it will be before Vegas prices it's way out of existence?

  20. i hope that entire part of town gets rebuilt though. its too old and sketchy for me lmao. i even hear the same thing from some of the customers at the palce i worked at.

  21. Las Vegas, I was told by long term Las Vegas residence (40+ years) that the town/city was much cleaner and the Mob put up with little to no crap. Cost of a steak dinner and trimmings was under $2.00 and free if you were part of the In Crowd (not the Mob). Caused the Mob major problems, you were buried in shallow graves or dumped down the many available mine shafts outside of town. Ah, the good old days.

  22. I grew up in LV. Las Vegas was mostly desert then all those empty lots. I ate dinner in the Aku Aku. Imagine that. That sports book was famous true. Lefty Rosenthal was on the news every night wasn't he? One thing I don't remember Siegfried and Roy at all until the late 1980s.

  23. The Stardust should never have been demolished ! Boyd should have brought it up to code and reopened it as the last "Old School" casino on The Strip. And marketed it as such. They could have named the casino floor "The Tangiers Room" and became home to The Mob Museum. Complete with "The Count Room" and "Back Room" with hammers and Skill saws. That's what people want. Not the shopping malls they have built in the middle and the South end. With it's proximity to The Convention Center they would have been raking in cash hand over fist without resort fees or charging for parking. Boyd was very short sighted when they changed direction on that property. And ultimately lost their ass on it in the process . Today everyone asks, "what happened to the old Las Vegas we loved"? And the answer should have been, "it's still here, at The Stardust" !

  24. I had to stop the video midway into it. He tries to cram 3 hrs of talking into a 26 minute video. I was getting a headache !

  25. When the mob was in control in Vegas one never had to buy drinks or cigarettes while gambling at a table or at the slots…they were provided FREE by a myriad of servers. There were $1.49 all you can eat buffets, rooms were beautiful and cheap. Bigger is not always better; the mob knew customers were their bread and butter and treated them as such.

  26. Interesting but, once again, ruined by no natural speech pauses. Nobody speaks like that. It turns what might have been iteresting in to a tirade. When will professional utube video creators actually listen to what makes good speech. This ain't it. Normally about now I just stop listening but I will persevere since this is a little interesting.

  27. I think the oriental market will never arrive in Vegas, It should be a complete failure and they know it.

  28. Actually the largest casino floor by square footage is Mandalay Bay, the venetian is 5th behind MGM grand, bellagio and aria

  29. I don't know how this is the biggest reminder of the recession when you have an 800 foot tall unfinished casinos has been sitting for 10 years in the form of Fontaine bleue. Nothing has been bought and sold at least three times.

  30. Staid at The Stardust Many Times in the 80s IT was My Favorit Casino!!…I Saw Grate Stars Play there!!

  31. The narrator sounds like a door to door vacum cleaner salesman trying to say as much as possible before you can say you are not interested .

  32. Strange use of historical pictures. Many times they are completely out of synch with the narration. For example, pictures of Al Capone are shown when discussing crime syndicates in the 70's, or pictures of Harry Truman when discussing the 70's and 80's. Also the narrator is talking so fast he mispronounces words like contiguous.

  33. At 1:52 you mention the MINT as a Strip casino from the 50s? Perhaps you need to have me proof-listen to these before you post them. I'm available for a fee.

  34. Have any of you been to The Steak House in Circus Circus? Best steak in Vegas. I have eaten steaks all over the world. The Steak House gets my 5 star rating that I have given out only three times in 40 years.

  35. I don’t care if a casino is mob owned, if the games are legit and the customers are treated right! Weather they pay taxes or not is no concern of mine.

  36. New to the channel! But I would like to see a video done on Skyvue or London, Las Vegas (the proposed Ferris wheel on the south end of the strip across the street from the Mandalay Bay!)

  37. 🌞🌞🌞🌞🌞🌞🌞🎠🎠🎠🎠🎠🎠🎠💍💍💍💍💍💍💍 GAMBLING IS AN EFFORT TO FIGURE OUT HOW REMOTE VIEWING ACTUALLY WORKS. FOR EXAMPLE:: GOING THRU FILES IN BUSINESS OFFICES ON OTHER SIDE OF WORLD. DOING IT MENTALLY. IN REAL TIME. TURNING DOCUMENTS OVER MENTALLY. LOOKING AT BACK SIDE IN REAL TIME. LAS VEGAS IS A COVER FOR REMOTE VIEWING. THE MONSTERS ARE FEDERAL EMPLOYEES… LEGITIMATE FEDERAL INTELLIGENCE EMPLOYEES.

  38. Las Vegas is known for opulence and luxury? In what parts of the world exactly? I know it for shootings, drunks and terrible buffets..

  39. You have a lot of information but you’re delivery and video sucks. Work on presenting a more entertaining product this is YouTube not the library good luck

  40. Mobsters were crooks who cheated the gov't….Today LVMP (Cops) are the biggest crooks in that city. The cops are totally out-of-control and one question….are there more than 3 Black or Latino police officer in Las Vegas…..If so, I've never ever seen more than one.

  41. As a Vegas resident, I'd say the fontainebleau is the most infamous example of failed construction due to the recession. Resorts world is still being built and is actually scheduled to be done here in the coming years. The fontainebleau is completely abandoned and they haven't been able to find a buyer since construction stopped.

  42. Love the video and the information but man you got to slow down. I ended up getting diagnosed with ADHD after watching and trying to keep up with the narration.

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