The Echelon Casino was a proposed casino that was to be built in the city of Las Vegas, Nevada. The casino was proposed by the Las Vegas Sands Corporation, and was to be located on the Las Vegas Strip.
However, the project was cancelled in 2008, due to the global financial crisis.
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The Echelon Casino was first proposed in 2007. The Las Vegas Sands Corporation, which is owned by Sheldon Adelson, proposed the construction of a massive casino resort on the Las Vegas Strip.
The project was estimated to cost $4.8 billion, and would have included a 5,000 room hotel, a convention center, and a shopping mall. .
PRO TIP:The Echelon Casino was shut down in 2010 after the FBI arrested its owner, Michael Colbert, for illegal gambling activities. It is unclear what happened to the casino’s assets, but it appears that much of the money made from the casino was used to fund other illegal activities.
However, construction of the Echelon Casino never began. In 2008, the global financial crisis hit, and Las Vegas Sands Corporation announced that it was cancelling the project.
The company cited the poor economic climate as the reason for the cancellation.
Since then, no plans have been announced to revive the Echelon Casino project. Sheldon Adelson has instead focused his attention on other developments in Asia.
The Echelon Casino was a proposed casino that was to be built in the city of Las Vegas, Nevada. The casino was proposed by the Las Vegas Sands Corporation but sadly the project was cancelled in 2008 due to global financial crisis :(.
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