Australian billionaire James Packer and former Wynn Las Vegas President Andrew Pascal say they're teaming up to develop a Las Vegas Strip resort on the site of the now-demolished New Frontier casino.
The two announced Monday that their new company has acquired a controlling interest in the 35-acre parcel and that they hope to break ground on a resort there in 2015 and complete it by 2018. The New Frontier opened in 1942 and was best known as the site of Elvis Presley's first Las Vegas performance, in 1956. It was imploded in 2007. Packer says his company, Crown Resorts Limited, has successful casinos in Australia, Macau and London and has long sought to enter the Las Vegas market.
Copyright 2015 KNPR-FM. To see more, visit http://www.knpr.org/.