Two Way Hard Three | Las Vegas Casino & Design Blog

Looks like billionaire Carl Ichan is selling off his casino assets, including the Stratosphere Tower, Arizona Charlie's (East and West) and a property in Laughlin.

Bloomberg has more on the deal, which is worth $1.3 billion. The buyer is a Goldman Sachs real estate investment subsidiary.

Update: More info here.

Thanks to for catching this one first.

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Read archived comments (4 so far)
April 24, 2007 7:01 AM Posted by BrianFey

Goldman Slacks huh? Very Interesting. Those guys seem to have their fingers in everything! I suppose IF, Mgm does a CC2 project, that could be worth some money down the road, but for now, its just too far north to get much attention. How would you ever take down that tower? I don't think you could implode something like that safely.

April 24, 2007 10:29 AM Posted by BillyInLasVegas

I would love to see the Stratosphere imploded, it would be like the implosion of the Landmark. But like Brian said can it be done?

They could make it collapse on all the crappy motels behind it...

April 24, 2007 10:35 AM Posted by mike_ch

Obviously they had plans on what to do if the Strat didn't work during the bankruptcy years. I don't think imploding the tower was ever an option, if the property closed the city would just take control and operate the tower while trying to woo someone to buy the resort at the base.

That didn't happen, though, so now the Council can spend money on stupid things like a futile effort to keep your plane out of McCarran from flying over the house because you're upsetting my neighbors. If noise is a big deal, don't move to a city with three air fields.

April 25, 2007 2:30 PM Posted by Tom M

I think it matters that the Strat is actually in the city limits of Las Vegas. More taxes or beauracracy maybe?