By David Strow
<strow@lasvegassun.com>
LAS VEGAS SUN
July 28, 2000
Just days after selling his family's Fiesta hotel-casino to Station Casinos Inc., Fiesta President George Maloof
said he has struck a deal to bring Station into the family's long-awaited resort project near the Las Vegas Strip
on Flamingo Road.
On Thursday Maloof said Station and the Greenspun Corp. have agreed to each purchase a 6 percent stake in the hotel-casino,
which is as yet unnamed. Construction of the first phase of the $255 million resort started Monday and is targeted
for completion in late 2001.
Once complete, Maloof said, the resort will be starkly different from the Fiesta. The family envisions a 2,000-room
resort at the 30-acre site near the Rio hotel-casino, with a tower soaring 40 stories from Flamingo Road. By comparison,
the multicolored main Rio tower is 41 stories.
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