• Las Vegas’s oldest resort to close

SBE Entertainment Group and Stockbridge Real Estate Funds are to close the oldest existing resort on the Las Vegas Strip, on 16 May.

The Sahara Hotel & Casino was built in 1952. SBE CEO Sam Nazarian said: "The continued operation of the aging Sahara was no longer economically viable. We are working with our partners to assess a variety of options for the property, including a complete renovation and repositioning."

See the full story here:
http://www.bloomberg.com/news/2011-03-11/sahara-hotel-casino-oldest-on-las-vegas-strip-will-close-amid-downturn.html

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