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The Plaza Las Vegas $5 billion resort received preliminary round of approval from the Clark County Planning Commission this week approving the development of the commercial real estate in Las Vegas, NV.

Believe it or not in Las Vegas casino news,The Plaza is expected to be the the Strip’s largest casino on the 34.5 acres of land, previous site of the New Frontier, and adjacent to Trump Tower Las Vegas NV, hotel. The Wynn Resort has a 110,000 square foot Strip casino, Bellagio 160,000 square foot casino and The Plaza topping the list at 175,900 square foot gaming area.

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Cannery Casino and Las Vegas NV hotel sold for $1.8 billion to Crown Ltd. Crown is a gaming company controlled by James Packer, an Australian billionaire.

The Las Vegas commercial real estate transaction will take approximately a year and a half for the Pennsylvania and Nevada regulators to approve the total acquisition of the Cannery Casino Resort.

As land in Las Vegas, NV increases, gaming assets become more valuable. With the strength of outside international investors, including Dubai World and Crown, will provide them with easy entry to the domestic gaming market in Las Vegas real estate.

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Tallest hotel in the US has gained preliminary approval as Crown Las Vegas Resort hotel and casino by Clark County commissioners and the Federal Aviation Administration this week. It will be located in the old water park of Wet N Wild Las Vegas Nevada real estate near the Saraha hotel on the Strip.

The first architectural plan for the $5 billion mega resort and Las Vegas, NV hotel, included the tallest building west of the Mississippi, at 1,888 feet. The Crown Las Vegas Resort Hotel tower has been scaled down due to air traffic concerns to 1,064 feet, slightly smaller than the top of Stratosphere. The Stratosphere’s tower does not include any hotel rooms.

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Palazzo Las Vegas NV hotel will have partial opening December 20. Update 12/19: The opening has been moved to Dec. 28. Update 12/28: The opening has been moved to Jan. 17, 2008. The grand opening of the strip hotel will happen some time mid January. The Las Vegas hotel reservation system will be available December 28, 2007 for room bookings.

The Palazzo Las Vegas hotel partial opening on December 28, will include the hotel portion of the 3,060 room hotel, casino and restaurants on the Strip adjacent to the Wynn.

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