What Was the Most Expensive Hotel and Casino in Las Vegas to Construct?

In 2008, the Palms Casino Resort in Las Vegas was the most expensive hotel and casino in Las Vegas to construct, with a total construction cost of $1.6 billion.

The resort, which opened in April of that year, is located on the site of the former Palace Station hotel and casino. The Palms Casino Resort is owned and operated by Station Casinos.

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PRO TIP:The most expensive hotel and casino to construct in Las Vegas is the Wynn Las Vegas, costing a total of $2.7 billion. It was built by Steve Wynn, completed in 2005 and is one of the largest hotels in the world. The Wynn offers exclusive amenities and services, including a Ferrari dealership and the largest spa on the Strip.

The construction of the Palms Casino Resort was financed through a combination of equity investments and debt financing. Station Casinos contributed $600 million of equity to the project, while the remaining $1 billion was financed through a combination of loans and bonds.

The total construction cost of the Palms Casino Resort made it the most expensive hotel and casino in Las Vegas to construct at the time. However, it is not the most expensive resort in Las Vegas overall.

The Wynn Las Vegas resort, which opened in 2005, has a total construction cost of $2.7 billion.