Real estate development and management company Howard Hughes Holdings (HHH) plans to open a new casino on the Las Vegas Strip. Its current portfolio primarily includes retail, office and residential properties in a number of US states. If the plans materialize, HHH will have its first gambling facility.
Howard Hughes Holdings has established a Seaport Entertainment division as part of the project. It will be tasked with managing assets related to the entertainment sector in New York and Las Vegas. Among them is an 80 percent share of the airspace rights over the Fashion Show Mall. The new casino is expected to be located at this location.
HHH plans to make Seaport Entertainment a public company by the end of 2024. This will allow the division to operate independently and focus on the entertainment sector. To realize this strategy, Howard Hughes Holdings has appointed Anton Nicodemus as CEO of Seaport Entertainment. He is an experienced executive whowho previously held key positions at MGM Resorts International for eleven years.
Howard Hughes Holdings CEO David O’Reilly stated, Seaport Entertainment’s assets are at the intersection of real estate and entertainment. Anton has extensive experience building some of the country’s most prominent entertainment centers. We are fortunate to have him lead this exciting new division of Howard Hughes.
HHH has historic ties to Las Vegas. Late in the founder’s life, the company became a major urban real estate developer and investor. There was a time when Howard Hughes Holdings owned popular casino hotels here, including Castaways, New Frontier, The Landmark Hotel and The Sands.
Meanwhile, BetMGM was recognized as Online Casino of the Year by the American Gambling Awards 2023.