Subscribe to Print Edition | Tue., November 06, 2007 Cheshvan 25, 5768 | | Israel Time: 17:42 (EST+7) web haaretz.com   Back to Homepage Print Edition Diplomacy Defense Arts & Leisure Real Estate Jewish World National Advertising Magazine Week's End Business Opinion Rosner's Domain Anglo File Books Travel

del.icio.us Digg It!  new Last update - 11:17 05/11/2007 Israeli businessmen to demolish oldest hotel on Vegas Strip By Ora Coren tags: Real Estate, Israel  Some Israeli businessmen have ventured abroad and made it into the big leagues. One of them is Yitzhak Tshuva, whom TheMarker crowned the most influential Israeli businessman earlier this year. Tshuva, who started as a medium-sized builder in the small coastal city of Netanya, is now a name not only in Tel Aviv, but in Manhattan - and Las Vegas. And next Monday night, anywhere from 100 to 200 television cameras will be trained on a certain spot in that desert mecca of gambling - the spot where Tshuva and fellow Israeli businessman Nochi Dankner will press a button. It is a button of destruction: The world will watch as the Frontier Hotel in Vegas, the oldest hotel on the Strip, implodes into rubble and dust. It is an end. And it is a beginning. The end of the Frontier marks the start of the most ambitious project on which Tshuva and Dankner - neither exactly a nervous Nellie when it comes to taking risk - have ever embarked. The two are investing $7 billion in building a state-of-the-art, luxury casino-cum-hotel on the Strip. Their vision also includes 3,500 housing units, a shopping center and a luxury housing tower at the heart of Las Vegas. Israeli planning may take forever, but Americans are something else and business in the United States can move fast. The extraordinary project in question began to take shape only about half a year ago, when Tshuva acquired the land on which the Pioneer squatted, shedding sequins, for $1.2 billion. Later he roped in Dankner as his partner, 50-50. Advertisement Tshuva is handling his part of the project through Elad, the privately owned company named after his son. His company Delek Group, which is publicly traded on the Tel Aviv Stock Exchange, isn't involved. Dankner, on the other hand, is pursuing his dreams through IDB, also traded in Tel Aviv. Even though the event is scheduled for Dankner's 52nd birthday, he isn't planning to make an especially extravagant party out of it. Top people from Elad and IDB have been invited, but that's all. And no, they aren't about to let the recent reports of falling real estate prices in Vegas sour their mood. The timing of the event wasn't set by Dankner's PR people or wife, but by the Vegas municipality. That was the only day in November on which the blast that will demolish the Frontier could be permitted. Beforehand, though, the Israelis will be holding a reception for the city leaders and various persons connected with their business. They expect the governor of Nevada to attend, and some congressmen as well. Related articles: Man of the hour: Yitzhak Tshuva to put $5 billion into prime Vegas Strip location Israeli real estate developers are taking over Las Vegas Bookmark to del.icio.us Envoy to the stars With a revival of political satire, Fairuz takes stage in Amman. Diaspora meddlers Should U.S. Jews have a voice in shaping Israel's policies?   1.   israeli businessmen 03:48  |  doug honig 05/11/07   2.   Don`t Mess With Our Heritage 04:08  |  MIKE 05/11/07   3.   Taxing Israel`s billionaires #1+#2 06:31  |  Ian Robertson 05/11/07   4.   #2 MIKE 07:45  |  * BEN JABO 05/11/07   5.   Larry Silverstein 08:23  |  ted 05/11/07   6.   Mike - You sound really jealous...get over it.. 09:29  |  vb 05/11/07   7.   to Doug 09:58  |  Dani 05/11/07   8.   Good luck to the yanks 11:04  |  Jack Davis 05/11/07   9.   tell the IDF Hamas suspect inside, and get free demolition 11:25  |  0 degrees 05/11/07   10.   #1 ISRAEL REPAYS LOANS TO US 12:47  |  Petra 05/11/07   11.   #2 ISRAEL REPAYS HER LOANS TO USA 12:49  |  Petra 05/11/07   12.   #3 Taxing 12:53  |  Petra 05/11/07   13.   #8 Good luck WE NEED IT!! 12:56  |  Petra 05/11/07   14.   #9 FREE DEMOLITION? ASK THE HIHADISTS 12:59  |  Petra 05/11/07   15.   7 Billion Dollars? 15:26  |  Stephen. 05/11/07   16.   14/ IDF is the Demolition Winner by far!! 19:28  |  0 Degrees 05/11/07   17.   3/ Only donations to Israel are tax free in US! 19:35  |  0 degrees 05/11/07   18.   #2-2 MIKE - While your`re talking about "Heritage" 20:25  |  * BEN JABO 05/11/07   19.   #15 0 Degrees - You must be joking 20:30  |  * BEN JABO 05/11/07   20.   #9 0 degrees 20:34  |  * BEN JABO 05/11/07   21.   Petra #11. Ben Jabo #18 01:35  |  MIKE 06/11/07   22.   #21 MIKE - 17:22  |  * BEN JABO 06/11/07

Today Online Livni to Egyptian FM: Put a stop to weapons smuggling into Gaza Responses: 98 Burston: Hijacking the Holocaust in order to fight abortions Responses: 54 Rosner: Should U.S. Jews help shape Israel's policies? Responses: 43 Netanyahu: No PA partner for peace, PM's partner is virtual Responses: 73 Former U.S. Pres. Bill Clinton remembers Yitzhak Rabin Responses: 47 Haaretz TV: Mentally challenged girl kicked out of day care Responses: 64 Rosner's Domain * American Jewish philanthropists no longer support "Israel" * Americans split on military action against Iran (WTR) * Rosner's Guest: The significance of Pharaoh's daughter * Poll: A "regional peace settlement" before Bush leaves office? More Headlines 16:59 Olmert: Annapolis summit set for end of November 16:57 Peres, Abbas to address Turkish parliament in Ankara next week 17:37 IDF soldier killed in jeep crash while patrolling Gaza border 15:44 Livni to Egyptian FM: Put a stop to weapons smuggling into Gaza 15:55 Fragment of ancient parchment from Bible given to Jerusalem scholars 17:01 IDF: Nearly 28% of Israeli males avoided conscription in 2007 16:46 Top Military Intelligence official warns of nuclear Iran in 2 years 15:56 Man indicted for molesting evacuee children during Lebanon war 14:29 Defense Minister Barak says time not right for Gaza offensive 17:09 Bill Clinton remembers Yitzhak Rabin, his friend and partner Previous Editions Select Day 05 nov 04 nov 02 nov 01 nov 31 oct 30 oct 29 oct 28 oct 26 oct 25 oct 24 oct 23 oct

Special Offers Advertisement learn Hebrew online with israel's best teachers. Sign up for a trial lesson today Invest in Macedonia New Business Heaven in Europe Long-term Israel programs MASA is your gateway. More programs. More grants. Eldan Rent a Car Israel's leading car rental company offers you a 20% discount on all online reservations JOIN FREE AT JDATE.COM The most popular online Jewish dating community in the world! Explore the possibilities! Click Here! Dead Sea Salt Beauty and skin care from the Dead Sea. Coupon code HAARETZ for 10% off! Junkyard Junk a car - get free towing nationwide and a tax-deductible receipt. Holiday Inn and Crown Plaza Israel Lowest internet rate Guaranteed at ichotelsgroup.com !

Home | TV | Print Edition | Diplomacy | Opinion | Arts & Leisure | Sports | Jewish World | Underground | Site rules |

© Copyright  Haaretz. All rights reserved