1. With more than 1,000 slot games at The Venetian and over 900 slot games at The Palazzo, you’re sure to find your favorite game or find a new great game to enjoy. Regular updates bring the latest slot machines, such as Ghost Busters 4D, Game of Thrones: Fire & Blood and Lord of the Rings – Rule Them All.
2. The Venetian resort complex is (together with the adjacent Sands Expo Convention Center, The Palazzo Hotel and Casino Resort and future MSG Sphere Las Vegas) the world's second-largest hotel, with 4,049 rooms, 3,068 suites and a 120,000-square-foot (11,000 m 2) casino.

1. Venetian And Palazzo Map
2. Palazzo At Venetian Las Vegas
3. Palazzo Vs Venetian
4. Slots At The Venetian And Palazzo Vecchio

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Reports are showing that Hard Rock International might be interested in purchasing two casino venues in Las Vegas. These are the Venetian and Palazzo. Currently, Las Vegas Sands is the operator controlling these facilities on the Strip. Also, the rumors about the sale of these venues date back to October 2020. Back then, the story began that Sands was looking to sell both casinos. The richest casino operator by market capitalization reportedly began floating the idea of getting about 6 billion USD for both properties.

At that time, the operator had few suitors with liquid cash to cover that bill. An additional reason for a lackluster interest was the COVID-19 coronavirus pandemic which continues to devastate the Nevada casino industry. However, it now appears that a potentially willing and able operator has stepped forward. Hard Rock is a global casino juggernaut with a range of diverse investments. It should have the material potential to make such a bid. Not only does it have the money to buy these two properties, but it also has a plan for what to do with them. Tellingly, the plan includes a big element of the Las Vegas rebound in 2021.

Hard Rock Ideas

Jim Allen, who is the chairman of Hard Rock International, gave a hint about their intentions. In September, he stated that the operator wants a bigger foothold in the top gambling market in the US. That is Las Vegas, regardless of the fact that it is currently in a very hard situation. Yet, Allen repeated what many realize already – the market will be making a comeback under the right circumstance. That is first and foremost the return of air travel in a major way.

Before that can happen, the pandemic needs to come under control in the US and across the world. Once that happens, Allen sees a lot of long-term potential in Las Vegas. But, the company needs a stronger presence there if it wants to be part of the same potential. The Sands casinos could be a great opportunity under the right financial deal.

That would likely see Hard Rock try to pull down the price somewhat below 6 billion USD. It is important to mention that Sands will not budge a lot, even if it tries to accommodate some room for negotiations. The Venetian has over 4,000 rooms and 120,000 feet of casino floor space. The Palazzo has a casino measuring 105,000 feet and a hotel tower with 3,000 guest rooms. That is why the price tag of the two casinos will remain in the 6 billion USD ballpark.

Posted on: January 4, 2021, 03:03h.

Last updated on: January 4, 2021, 03:18h.

Hard Rock International, the gaming and hospitality company owned by the Seminole Tribe of Florida, is reportedly interested in buying one or two casinos on the Las Vegas Strip.

In October, the rumor mill began churning out gossip that Las Vegas Sands — the world’s richest casino operator by market capitalization — was looking to sell its two Nevada casinos. Bloomberg said Sands is fielding offers somewhere in the neighborhood of $6 billion for The Venetian and The Palazzo.

As Casino.org relayed at the time, there are few suitors with the capital to spend $6 billion, especially during a global pandemic. But Hard Rock, a global casino giant, likely has the financial wherewithal to make a bid.

Scott Roeben, a go-to online source for Las Vegas chatter, tweeted today regarding Hard Rock’s potential interest.

Figured Venetian/Palazzo were out of reach for Seminoles, but rumor is Jim Allen, chairman of Hard Rock International, has expressed interest.

— Vital Vegas (@VitalVegas) January 4, 2021

The Venetian opened in 1999, and has more than 4,000 hotel rooms and a casino floor measuring 120,000 square feet. Its sister property, The Palazzo, opened in 2007, and offers more than 3,000 guestrooms and a 105,000-square-foot casino.

Allen Tips Hand

Allen in September revealed his interest in taking Hard Rock to the country’s richest gaming market. Appearing on Fox Business, Allen discussed his belief that Las Vegas will make a strong comeback once air travel resumes.

“The business in Las Vegas midweek is still very soft,” Allen said of Hard Rock’s café in Las Vegas. But the executive explained that Southern Nevada is attractive in the long-term.

We are a believer in the Las Vegas market on a long-term basis,” Allen stated.

Hard Rock is also bullish on mobile sports betting and online gaming. Last month, the company announced its own interactive gaming and sportsbook platform called Hard Rock Digital.

Nevada is now the second-largest online sports betting market, with the much more populated New Jersey now No. 1. Hard Rock Digital will be able to operate in the Garden State through its brick-and-mortar casino Hard Rock Atlantic City. But in Nevada, Hard Rock presently does not have a land-based casino to partner with to conduct mobile sports betting (mobile sports betting and online poker is legal in Nevada, but not internet slots and table games).

Las Vegas Recovery

Venetian And Palazzo Map

2020 is officially in the books, but COVID-19 has certainly not been shelved. Nevada casinos continue to be limited to 25 percent of their occupancy limit, and in Las Vegas — a town that heavily relies on fly-in visitors — the economy continues to spiral.

Palazzo At Venetian Las Vegas

Palazzo Vs Venetian

Sands has temporarily closed its Palazzo hotel tower. The casino said the decision was made because of low demand. Palazzo isn’t alone. Encore at Wynn Las Vegas is closed midweek, as is Mandalay Bay, Park MGM, and Mirage.

Slots At The Venetian And Palazzo Vecchio

The absence of conventions is a major reason why hotels are closing through the week. Large indoor gatherings remain on hold, and as a result, convention attendance through 11 months of 2020 was down nearly 73 percent. December and 2020 full-year data will be released later this month.