I know what you're already thinking. Playboy is a dead porn brand that publishes a magazine and doesn't appeal to millennials or gen z right?
Wrong.
Leadership
Let's start with Ben Kohn, the CEO. Kohn has worked in private equity for 25 years and started a firm called Rizvi Travers which invested in pre IPO tech companies. They were the largest investor when Twitter went public and invested in Facebook, Snapchat, Square, SpaceX, Instacart, and Uber.
In 2011, Kohn partnered with Hugh Hefner and took Playboy private. Kohn became the CEO in 2017 with the goal of revitalizing one of the largest, most recognizable brands in the world. Since becoming CEO, Kohn has been shutting down most of the legacy business and most recently discontinued producing a domestic magazine. He's focused most of his attention so far on growing the high margin licensing business and direct to consumer business, transforming Playboy into a consumer lifestyle brand focusing on 4 categories:

• Sexual Wellness
• Style & Apparel
• Gaming & Lifestyle
• Beauty & Grooming

Kohn is also placing a strong emphasis on appealing to women and young people, something that Playboy had never done in the past. Over the last 3 years, the female audience has grown by 70% and 90% of their audience today is under the age of 40. Out of the total e-commerce sales, 40% of customers are women.
Financials
Playboy is already a profitable business. They have a highly efficient, high margin business model that accelerates with growth.
For the first 9 months of 2020, Playboy grew revenue by 78% from 57 million to 101 million and grew adjusted ebitda 129% from 9.5 million to 22 million. For 2021, they reaffirmed guidance of 167 million of revenue and 40 million dollars of ebitda. By 2025, Playboy is conservatively projecting 296 million of revenue and 140 million in ebitda, but expects it to be much greater. It's also important to note that they have over 400 million of forward booked minimum guaranteed cash flow, but they only recognize 67 million of that today, so the actual revenue numbers are much higher.
Playboy's business is monetized in two primary ways, licensing and direct to consumer. Licensing is a key part of the revenue stream and they anticipate it more than doubling moving forward. However, Playboy is extremely excited about its growing direct to consumer business as well which I will dive into in the next section.
Growth
Playboy has huge growth opportunities in each of their 4 product categories. First I want to point out that Playboy is HUGE in China and it's growing rapidly in India. In China, Playboy is one of the leading men's apparel brands with over 2500 brick and mortar stores and over 1000 e-commerce stores. Playboy sells products in over 180 countries and is the 17th most licensed brand in the world.
Style & Apparel:
Over the last 3 years, Playboy has partnered with Pacsun, Misguided, Supreme, and others. The Pacsun and Misguided businesses have increased almost 15x over the last 3 years. Playboy also launched Playboy Labs and partnered with Steve Aoki to promote the brand. Playboy intends on transitioning this business from a pure licensing business to a direct to consumer business going forward. They have future collaborations with Yandy planned as well.
Sexual Wellness:
The sexual wellness category is a 240 billion dollar industry today and is projected to grow to 400 billion by 2024. Currently, the industry is fragmented and made up of small businesses with no ability to scale. Playboy is poised to become the leader in this category through strategic acquisitions of existing companies and by growing its product offerings. Yes, I'm talking about lingerie, condoms, sex toys etc. They recently acquired the sexual wellness retailer Lovers for 25 million and expect them to add 45 million in revenue over the next 12 months. They are planning on making more strategic acquisitions in this space moving forward to become the leading direct to consumer brand in this field. They also began offering online sexual wellness classes for women, which have seen large growth since inception.
Gaming & Lifestyle:
The growth opportunities in this category are huge. Playboy is diversifying into online gambling, mobile gaming, CBD/Marijuana, and virtual reality. They have a social club/poker room opening in Houston this year in addition to their casino in London. They currently have partnerships with Microgaming as well as Scientific Games for mobile gambling apps like slots and poker, with plans to build more. They are also planning on entering the sports gambling market through partnerships with well known sports betting operators.
Moreover, they recently launched an exclusive furniture collection on Wayfair and plan on offering more in the future. They currently offer 3 CBD products and have plans to enter the legal marijuana market when it's legalized at the federal level, which might happen soon under the Biden administration. As of now they sell Playboy branded smoking materials like ash trays and grinders. They are planning on launching 4 more CBD products in 2021. Lastly, Ben Kohn said that experiencing Playboy through a virtual world format is something that is "extremely interesting to us". He gave an example of the Travis Scott and Unreal Platform collaboration.
Beauty and Grooming:
Currently, Playboy offers men's and women's fragrances and color cosmetics in Europe. They have plans to expand their product line and enter the North American market this year. In China, a place where Playboy has a large market presence, Men's grooming is one of the fastest growing categories and an area that Playboy is not in today. They are planning on entering this market in the near future with Playboy branded skincare and grooming products.
SPAC Merger
Playboy has a DA with Mountain Crest Acquisition Corp, $MCAC, with the shareholder vote taking place THIS TUESDAY 2/9/21. Once it's approved, the ticker will change to PLBY shortly after. One of the great things about this deal is that there are absolutely no warrants outstanding, meaning there will be very little dilution. They only have 1/10th of a right per share outstanding which automatically convert to common stock. Upon completion of the merger, PLBY will have only 37 million shares outstanding, which is a very low float. Any increase in volume and demand will send the stock price higher.
After the merger, PLBY will have a market cap of approximately 413 million. For comparison to other global brands, Nike's market cap is 185 billion, Disney's is 329 billion, and Lululemon's is 45 billion. Now I'm not saying Playboy is near those companies today. However, if they continue growing and realize their potential, they're massively undervalued.
Additionally, the management team all signed 12-month lock ups, preventing them from selling for at least one year. This is not a transaction sale, but a true capital raise to accelerate growth. They are in this for the long haul.
Conclusion
Playboy has big growth opportunities in multiple product categories to become a leading consumer lifestyle brand. They have a high margin profitable business model and a very healthy balance sheet. They have 100 million in free cash right now and only 40 million in net debt, or one times 2021 adjusted ebitda. They already have global brand awareness and the bunny logo alone has tremendous value. Ceo Ben Kohn knows what he's doing and has a proven track record of success.
It might be flying under the radar right now because all the hype is surrounding GME and EV socks. I believe when the ticker changes to PLBY and people realize that Playboy is no longer what it used to be, this has huge long term upside.
FYI: All of the statistics I mentioned are directly taken from the CEO Ben Kohn in his 1 hour webinar interview with SpacInsider.
Disclosure: Long 500 commons $MCAC
Disclaimer: Do your own due diligence too

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The Eyes Of Love
It’s that time of year again where the love and passion on Doki Doki Island runs wild! People from all over the seas come to this island to find their one true pleasure in life. Some people come for the world renowned love hotel called “Apaixonante”, known for their very professional workers of “love” that will fulfill your every needs while others travel to Red Rose Blvd., a huge shopping district filled with tons of different shops and cafes for you and you’re beloved to spend time in while eyeing the beautiful rows of bouquets lined down the streets. There even is a beautiful natural hot spring that is infused with “love energy”, making it appear pink! This place is a wonderland...Right?
“Where is Pan!!! He’s been gone for days!!!” Aphrodite angrily yells towards Freyja as she cowers in fear.
“People have been paying for his work but he’s not here to fulfill the role! He’s the only person that can do it too!!! If we lose him...we lose about 80% of our okama fanbase!!! This is bad!!!” Aphrodite shouts as she tugs her hair, pulling out large chunks of it.
“M-maybe y-yy-you can do it!” Freyja says covering up her face in fear of Aphrodite’s anger.
“Also, I cannot find Qetesh at all!!! She’s not even at the casino so where is she?!?!” Aphrodite slaps Freyja’s hands from her face, grabbing onto the collar of her shirt.
“If you’re gonna be a big useless freak...get out of my sight!!!” Aphrodite screams as her terrifying eyes stare into Freyja’s soul. Tears run down her eyes as Aphrodite drops her, giving her the chance to run away. Flopping herself onto her office chair, she rips open one of her drawers, revealing a stash of lollipops. Quickly grabbing her favorite flavor , cherry , she unwraps it and plops it into her mouth.
“Damn...This job gets too stressful...brother please...” Aphrodite mumbles, staring up into the ceiling as she kicks back upon her chair.

Special Landmarks:

• “Apaixonante” Love Hotel

The largest hotel on the Island, Apaixonante is a wonder straight out of a fairy tale. The Castle like Hotel is made from pink sandstone that is a trademark of Doki Doki Island. The luxurious hotel has over 500 guest rooms and 5 large halls for different events/gatherings. The main floor also includes many bars and restaurants for guests that are in the mood for socializing. One of the most popular features of the Hotel is the many theme rooms available for couples to enjoy. Some of the popular ones include themes such as Polynesian, Roman, Safari and Igloo rooms. However there are many more that are less publicly advertised like the Jail or Dungeon themed rooms. Each room is complete with a King sized bed, Jacuzzi tub and lovers package unique to each room’s theme.

• Heated Desire Hot Spring & Spa

This tourist hot spot for rest and relaxation is a delight for all the senses. From it’s immaculate parlor rooms to it’s awe inspiring private baths this hot spring resort has every comfort or treatment a couple could desire. Enjoy a variety of romantic packages that include Massages, Aromatherapy, Facials and more. Take a dip in a private or public bath fed from the Island’s natural hot springs, the naturally occurring minerals have dissolved to make the water naturally pink and is said to be infused with strong “Love Energy”.

• Red Rose Blvd.

Elegant boutiques line the covered galleries of the Red Rose Boulevard. These shops sell all manner of romantic gifts from the Luxury perfume shop Mon Amour to upscale jewelry boutique the Palace Royale. Chic nooks can be found in every corner of this place where even the cheapest miser or the richest playboy can find a suitable gift for their special someone. The roads are paved with rose coloured stones giving the Boulevard is flowery name.

• Golden Pair Casino & Lounge

The Golden Pair is the premier gambling house on Doki Doki Island, it offers hundreds of table games in separate gaming areas. Gaming options include blackjack, baccarat, roulette, craps, and various others. The most popular game on the Island is Doki Doki Poker, the game is played in pairs with the couples having to combine their cards to make the strongest set. For guests who prefer slot machines, there are more than 500 slot machines to choose from all themed to a romantic atmosphere. Even when the casino is busy, it's large enough that you never feel crowded. The chips are shaped in hearts with the colours denoting the value (Green is 100 Beli, Blue is 1,000 Beli, Pink is 10,000 Beli, Red is 100,000 Beli and Gold is 1 Million Beli.) There's also a romantic lounge with a wide range of performers that will never fail to set the mood. Couples can participate in the weekly Karaoke contest to win prizes. The owner of the Golden Pair Qetesh maintains order and keeps the peace at this establishment. She has trained the staff to fuel romantic endeavors while keeping a sharp eye out for trouble makers.

• Crystal Heart Manor

This Manor is the personal residence of Adonis, the owner of this island and one of the most mysterious individuals on the Island. The building is made of limestone with pink sandstone sculptures decorating the exterior. The entire estate is surrounded by a tall stone wall with elegant iron barbs hanging over the edge, making the only point of entrance the crystal gate located on it’s southern edge. The inside of the mansion is rumored to be even more extravagant than it’s exterior but, only those personally selected by Adonis can enter his personal paradise.

• Lover’s Lake

This uniquely heart shaped body of water is located near the Love Hotel “Apaixonante”. It is surrounded by ever-bloom sakura trees, which are a local variety that blooms year round. This gives the lake an atmosphere that is sure to warm the coldest of hearts. The dock nearby provides two person Swan boats available for rent at a very affordable price, which will assure a romantic voyage. Also unique to this lake is a species known as the Doki Doki Carp. This pink carp is attracted to the “love energy” from couples traveling in the boats, they say the truer and purer the love of the individuals the more carp will follow the boat. The current record for a newly wed couple is approximately 100 Carp however most romantic couples can only attract 10-20 of this sensitive animals.

• Love Love Forest

Surrounding the Lover’s Lake is the Love Love Forest. This forest is full of ever-bloom sakura and is the ideal place for couples to get in touch with nature. The forest creatures have evolved over time to blend in with their surrounding and have all turned a pinkish color to better blend in with the sakura blossoms. A nightly event is held called the “Lovers Trial of Courage” where couples are paired off and have to navigate a spooky path by lantern. The spooky atmosphere allows the couple to get closer as they follow the markers to a cabin at the end of the trail. After the trial they can spend the night warm in the cozy cabins. The Okama Love nurse Pan is often found on in the Love Love Forest and has a habit of kidnapping any particularly attractive younger men off to his love den.
(OOC: Please enjoy yourself on this love filled island! You can enjoy all the beautiful landmarks on Doki Doki Island or maybe even tangle yourself in the love nurses’ fiascoes! Don't forget to tag TempNPC!!!)

NPC-List

Map of Doki Doki Island

List of Las Vegas casinos that never opened
Over the years there have been several casinos and resorts planned for the Las Vegas Valley that never opened. The stages of planning may have been just an announcement or groundbreaking.[1][2][3]
Asia Resort and Casino
Where the Palazzo Casino and Resort currently stands (adjacent to the Venetian Hotel and Casino and the Sands Expo and Convention Center), an Asian themed casino was proposed but was rejected for the present Palazzo project.[4]
Alon Las Vegas
A proposed luxury hotel and casino located on the Las Vegas Strip on the former site of the New Frontier Hotel and Casino, announced in 2015.[5] The project was put in doubt after Crown Resorts announced in late 2016 it was suspending its involvement in the development.[6] Crown announced in December 2016 that it was halting the project and seeking to sell its investment. The remaining partner Andrew Pascal announced he was seeking other partners to proceed with the project. However in May 2017, the land went up for sale.[7] The land was later purchased by Steve Wynn.
Beau Rivage
Steve Wynn, who had purchased and demolished the Dunes hotel-casino, had originally planned to build a modern hotel in the middle of a man-made lake. He later built the Bellagio with a man-made lake in the front of the hotel.[citation needed] The name was later used by Wynn for a resort built in Biloxi, Mississippi.
Caribbean Casino
In 1988, a sign for a proposed casino was erected on a fenced vacant lot on Flamingo Road. Standing near the sign was a scale model galleon. For several years, that was all that stood on the property. The empty lot was the source of many jokes by the locals until the ship, which was later damaged by a fire started by a homeless person, was torn down in the 1990s and the lot became the site of the Tuscany Suites and Casino co-owned by Charles Heers, who has owned the property since the 1960s.[8]
Carnival
In 1990, the Radisson group proposed a 3,376-room hotel next to the Dunes, with a casino shaped like a Hershey's Kiss.[9]
Cascada
A proposed resort that was to have been built on the site of El Rancho Vegas. The parcel is now partially taken by the Hilton Grand Vacations Club and Las Vegas Festival Grounds.[4]
City by the Bay Resort and Casino
A San Francisco-themed resort was proposed for the site of the New Frontier Hotel and Casino. The project was rejected in favor of the Swiss-themed Montreux, which was also eventually cancelled.[4]
Countryland USA
A country music-themed resort was planned for construction of the site of the former El Rancho Hotel and Casino. For some years, the El Rancho sign stood with the words "Coming Soon - Future Home of Countryland USA."[10][11]
Craig Ranch Station
Main article: Craig Ranch Station A Mediterranean-themed hotel-casino for North Las Vegas, proposed by Station Casinos in March 2000.[12] The project faced opposition from nearby residents,[13][14][15] which led to the proposed location being changed to a vacant property on the nearby Craig Ranch Golf Course.[16] Residential opposition to the new location led to the project being rejected by the Nevada Gaming Policy Committee in March 2001. Station Casinos still had the option to develop the project on the initial site,[17][18] but the project was cancelled entirely in July 2001, following a weak financial quarter for the company.[19]
Crown Las Vegas
Main article: Crown Las Vegas Formerly known as Las Vegas Tower, the Crown Las Vegas was to have been a supertall skyscraper built on the former site of a Wet 'n Wild water park. In March 2008, the project was canceled and the property was put up for sale.[20]
Desert Kingdom
In 1993, ITT Sheraton purchased the Desert Inn casino, and had announced plans to develop the large parking lot into a Balinese themed resort to complement the Desert Inn. The project was never developed and the site is now the location of Wynn Las Vegas.[4]
DeVille Casino
After building the Landmark Hotel and Casino on Convention Center Drive and selling it to Howard Hughes, developer Frank Carroll built the DeVille Casino across the street from the Landmark at 900 Convention Center Drive in 1969. Chips were made for the casino (and are sought-after collectibles), but the casino never opened.[21] The building was renovated in 1992 as a race book parlor named Sport of Kings which closed after nine months.[22] It became the location of The Beach nightclub, which was demolished in 2007 to make room for a planned 600-unit tower[23] that was never built.[24] The land sits currently empty.
Echelon Place
Main article: Echelon Place An announced project by Boyd Gaming planned to have a hotel built on the property of the former Stardust Resort & Casino. Construction was suspended on August 1, 2008 due to the Great Recession. In March 2013, Boyd Gaming sold the proposed site for $350 million to the Genting Group, which is redeveloping the project as the Asian-themed Resorts World Las Vegas.
Fontainebleau Las Vegas
Main article: The Drew Las Vegas Located on the Las Vegas Strip and originally known as Fontainebleau Las Vegas. Construction began in 2007, and the resort was to include a casino, 2,871 hotel rooms, and 1,018 condominium units.[25] Construction on the $2.9 billion project ceased in 2009, the year of its planned opening. Investment firms Witkoff Group and New Valley LLC purchased the unfinished resort in 2017.[26] In 2018, Witkoff and Marriott International announced a partnership to open the renamed project as The Drew Las Vegas in 2020. The resort will include a casino and three hotels totaling nearly 4,000 rooms, with the condominium aspect removed from the project.[27]
Harley-Davidson Hotel and Casino
A resort themed after the motorcycle manufacturer Harley-Davidson was proposed, complete with hotel towers shaped like gigantic exhaust pipes, but was never built.[4]
Jockey Club Casino
The Jockey Club is a condominium and timeshare resort at 3700 Las Vegas Boulevard South. It was planned to have a casino, and chips were made for its use, but the casino was never opened.[28]
Kactus Kate's
By April 1994, Gold Coast Hotel and Casino owner Michael Gaughan was interested in building a hotel-casino in North Las Vegas,[29] at the northeast corner of North Rancho Drive and Carey Avenue. In January 1995, the city planning commission approved the rezoning of the land for use as a hotel-casino. The resort, to be named Kactus Kate's, would be built by Gold Coast Hotel/Casino Limited. The hotel would include 450 rooms, and the casino would be 105,000 sq ft (9,800 m2),[30] later decreased to 102,000 sq ft (9,500 m2).[31] The resort would be located directly north of the nearby Fiesta and Texas Station resorts.[31]
In December 1998, Coast Resorts, Inc. received approval from the planning commission for a use-permit relating to the undeveloped property. In November 2000, the planning commission unanimously approved a two-year extension on the permit, giving the company more time to decide whether it would build Kactus Kate's. Because of a 1999 Senate bill that placed restrictions on casinos in neighborhoods, Coast Resorts had a deadline of 2002 to build the casino. The hotel would measure over 100 feet (30 m) high, and Coast Resorts was required to notify the Federal Aviation Administration of its final plans, due to the site being located less than 1,000 feet (300 m) from a runway at the North Las Vegas Airport.[32] In January 2001, Station Casinos purchased the 29-acre (12 ha) site for $9 million. Coast Resorts president Harlan Braaten said, "As we saw the competitive nature of that area intensify, in terms of the size of competing facilities, we just felt we would have to build something much bigger than we had intended to compete with Texas Station and Santa Fe Station. It was just going to be a very expensive project, and we didn't feel the returns would be that good." Station Casinos planned to sell the property as a non-gaming site.[31]
Las Vegas Plaza
Main article: Las Vegas Plaza Not to be confused with the Plaza Hotel & Casino.
This was to have been modeled after the Plaza Hotel in New York City. The project was announced shortly before the demolition of the New Frontier Hotel and Casino, where the new hotel would be built. Las Vegas Plaza was cancelled in 2011 due to the Great Recession.
London Resort and Casino
This announced project was to have been themed around the city of London, and featuring replicas of the city's landmarks. The project was to be built on land across from the Luxor Hotel and Casino. A second London-themed resort was to be built on the former land of the El Rancho Hotel and Casino. Neither project ever began construction.[4]
London, Las Vegas
This was a proposed three-phase project using London as its design inspiration. When completed, the 38.5-acre (15.5 ha) property would have featured 1,300 hotel rooms, a casino, a 500-foot-tall (152.4 m) observation wheel named Skyvue (partially constructed), and 550,000 square feet (51,097 square meters) of restaurants and shops — all of which would be architectural replicas of various British landmarks and neighborhoods.[33] The project was to be constructed on land across from the Mandalay Bay Hotel and Casino on the Las Vegas Strip, where — as of November 2019 — the partially-constructed Skyvue still stands. The wheel was to be "Phase I of London, Las Vegas".
Montreux Resort
This Swiss-themed resort was to have been built on the property of the former New Frontier Hotel and Casino, but was ultimately cancelled.[34]
Moon Resort and Casino
Proposed by Canadian developer Michael Henderson, this is a planned 10,000-room, 250-acre (1.0 km2) lunar-themed casino resort.[35] Gaming experts doubt it will ever be built in Las Vegas, simply because the space planned for it is too large for the Las Vegas Strip.[4]
NevStar 2000
Further information: Craig Ranch Station § NevStar 2000 Proposed by NevStar Gaming in 1998, the NevStar 2000 entertainment complex in North Las Vegas would have included a hotel and casino,[36] but the project faced opposition from nearby residents who did not want a casino in the area.[37][38] The project was cancelled when NevStar Gaming filed for bankruptcy in December 1999.[12]
North Coast/Boyd Gaming project
In May 2003, Coast Casinos had plans for the North Coast hotel-casino, to be built at the southwest corner of Centennial Parkway and Lamb Boulevard in North Las Vegas. The project would be built on approximately 40 acres (16 ha) of vacant land, surrounded by other land that was also undeveloped. At the time, the North Las Vegas Planning Commission was scheduled to review requests for zoning changes and approvals for the project. The project was not scheduled to be built for at least another four years, after completion of a highway interchange at Lamb Boulevard and the nearby Interstate 15, as well as the completion of an overpass over nearby railroad tracks. Bill Curran, an attorney for the land owner, said, "We're going through the zoning changes now so everybody knows what's going to be out there." The North Coast would include a casino, a 10-story hotel with 398 rooms, a bowling alley, movie theaters, and a parking garage.[39] In June 2003, the Planning Commission voted 6 to 1 to approve preliminary applications necessary to begin work on the North Coast.[40][41]
Boyd Gaming, the owner of Coast Casinos, announced in February 2006 that it would purchase the 40-acre site for $35 million.[42] Jackie Gaughan and Kenny Epstein were the owners at the time.[43] Boyd Gaming had not decided on whether the new project would be a Coast property or if it would be similar to the company's Sam's Town hotel-casino. At the time, no timetable was set for building the project.[42] In March 2007, the project was put on hold. At the time, Boyd Gaming had been securing construction permits for the project but decided to first review growth in the area. Construction had been scheduled to begin in mid-2007.[44] In August 2013, Boyd Gaming sold the undeveloped property for $5.15 million.[43]
Palace of the Sea Resort and Casino
This was to have been built on the former Wet 'n Wild waterpark site. Conceptual drawings included yacht-shaped towers that housed suites, a casino resembling the Sydney Opera House and a 600-foot (180 m) tall Ferris wheel-type attraction dubbed a "Sky Wheel". It never left the planning stages.[4]
Paramount Las Vegas
A casino and hotel and condo resort with more than 1,800 units that was planned by Royal Palms Las Vegas, a subsidiary of Royal Palms Communities.[45][46] The project was to replace the Klondike Hotel and Casino at the south end of the Las Vegas Strip,[47][45] beside the Las Vegas welcome sign.[48] The resort was approved in October 2006,[45] but an investor pulled out of the project in August 2007, and the land was put up for sale in May 2008.[46]
Pharoah's Kingdom
Pharoah's Kingdom was planned as a $1.2 billion gaming, hotel and theme park complex to be built on 710 acres (290 ha) at Pebble Road and Las Vegas Boulevard, five miles south of the Las Vegas Strip.[49][1] Construction was approved in October 1988,[49] with Silano Development Group as the developer.[50]
The project would have an Egyptian theme, including two 12-story pyramids made of crystal, with each containing 300 suites. The hotel would have a total of 5,000 rooms,[50] making it the largest in the world.[51] The 230,000 sq ft (21,000 m2) casino would include 100 table games and 3,000 slot machines, while an RV park, mini-golf, a bowling alley, and a video game arcade would be located beside the casino area.[52] Three of the project's various pyramid structures would house the 50-acre (20 ha) family theme park. Other features would include sphinxes, man-made beaches, waterways resembling the Nile river, an underwater restaurant, a 24-hour child-care facility, a 100-tenant shopping promenade, and a repertory-style theater that would be overseen by actor Jack Klugman.[52] Additionally, the resort would feature an 18-hole PGA Championship golf course,[52] and a monorail located within the theme park.[50] The project would have one mile of frontage along Las Vegas Boulevard.[52]
Frank Gambella, president of the project, stated that financing was in place, with groundbreaking planned for March or April 1989. Gambella said the project would be financed by several entities, with the money coming from a Nevada corporation, suggesting the entities would be grouped together as an umbrella corporation. Gambella stated that the project could be opened by Labor Day 1990. The resort was expected to employ 8,000 people. Following the completion of the resort, Gambella said a complex of 750 condominiums would be built on the land along with 900 retirement-care apartments.[52]
The project was cancelled shortly after it was announced, as authorities became suspicious of developer Anthony Silano's fundraising efforts for the project. It was discovered that Silano and his associates hacked into the Switzerland bank accounts of Philippine president Ferdinand Marcos following his death in 1989. Silano pleaded guilty to federal conspiracy charges. Another Egyptian-themed resort, Luxor Las Vegas, would open on the south Las Vegas Strip in 1993.[1]
Planet Hollywood Resort (original plans)
Not to be confused with the current Planet Hollywood Resort and Casino.
Originally planned to open in the late 1990s on the site of the Desert Inn, it was to be one of the largest hotels in Las Vegas. Because of the bankruptcy of Planet Hollywood Restaurants, the hotel was never built. However, in the 2000s, a group of investors bought the new Aladdin Hotel and Casino and remodeled it with a modern Hollywood theme.[4]
Playboy Hotel and Casino
A proposed casino resort themed after Playboy magazine was rejected in favor of a nightclub and suites built at the top two floors of the new Palms tower.[4] The planned location for the Playboy Hotel and Casino, on the Las Vegas Strip, was later used for the Cosmopolitan resort.[53]
Santa Fe Valley
Main article: Santa Fe Valley Santa Fe Gaming, which owned the Santa Fe hotel-casino in northwest Las Vegas, had plans for a second Santa Fe property in 1996.[54] The Santa Fe Valley would be built on a 40-acre (16 ha) lot[55] in Henderson, Nevada, adjacent to the Galleria at Sunset mall. The start of construction was delayed several times because of poor financial quarters for Santa Fe Gaming,[54] and because of the company not yet receiving financing for the project.[56] Site preparation started in July 1998, with an opening date scheduled for December 1999,[57] but construction never began. In 1999, the property was sold to Station Casinos,[58][59] which sold the land a year later for use as a shopping center.[60]
Shenandoah Hotel and Casino
A project by Wayne Newton. Although the hotel operated for a short time at 120 E. Flamingo Road, the management was unable to get a gaming license. After years of floundering it was sold to a Canadian company and became Bourbon Street Hotel and Casino.
Silver City proposals
By January 2000, Luke Brugnara was planning to build a San Francisco-themed resort on the site of the closed Silver City Casino.[61] Brugnara intended to give Silver City a multimillion-dollar renovation, with plans to have a fully operational hotel-casino by 2002.[62] In March 2001, Brugnara's request for a gaming license was rejected.[63] In May 2002, it was announced that Brugnara had sold the casino while retaining six acres located behind the building.[64] In 2003, Brugnara was planning to build a 24-story, 304-room hotel and casino resort on a portion of the Silver City property. The resort, to be named "Tycoon", was to be designed by Lee Linton, with an expected cost of approximately $100 million.[65]
Starship Orion
International Thoroughbred Breeders (ITB) announced plans to demolish the El Rancho and construct Starship Orion, a $1 billion hotel, casino, entertainment and retail complex with an outer space theme, covering 5.4 million square feet (501,676 square meters). The resort was to include seven separately owned casinos, each approximately 30,000 square feet (2,787 square meters).[66][67] Each potential casino owner was to contribute up to $100 million to own and operate a casino within the complex.[68] The complex would have included 300,000 square feet (27,871 square meters) of retail space, as well as 2,400 hotel rooms and a 65-story hotel tower. ITB hoped to begin construction later in 1996, with a planned opening date of April 1998.[67]
Sunrise
This was to have been located at 4575 Boulder Highway. Property developer Michael Mona Jr. built the hotel-casino and stated that he was going to break tradition by starting a "casino without a theme". He failed to get an unrestricted gaming license when suspicions arose concerning his associations with alleged organized crime figures. Chips were made for the casino, but were never used.[69] The building was opened as Arizona Charlie's Boulder.
Titanic
In 1999, Bob Stupak was planning a 400-foot-high (122 m) resort themed after the RMS Titanic, to be built on a 10-acre (4 hectares) property he owned near downtown Las Vegas. The resort would have included 1,200 rooms, 800 of which were to be used for timeshares to help finance the project. That year, planning commissioners rejected Stupak's request to change the zoning to allow for a hotel.[70] The project was later planned for the former site of the El Rancho Vegas on the Las Vegas Strip, but was rejected by the Las Vegas City Council.[4]
W Las Vegas
Main article: W Las Vegas W Las Vegas was proposed in August 2005, as a $1.7 billion joint project between Starwood and Edge Resorts, with a scheduled opening in 2008. The project would include a 75,000 sq ft (7,000 m2) casino and approximately 3,000 hotel, condo hotel, and residential units.[71][72] The project was cancelled in May 2007, after Starwood pulled out of the deal.[73]
Wally's Wagon Wheel
Wally's Wagon Wheel was to be developed by Walter Weiss through his company, Magna Leisure Partnership.[74][75] The project was proposed for 2200 South Boulder Highway in Henderson,[76][77] between Wagon Wheel Drive and Roberts Road,[78] near Henderson's Old Vegas western theme park. Manga Leisure Partnership purchased the 15.5-acre property in late February 1988. Weiss, at that time, had tentative plans for a western-themed, 112-room property known then as the Wagon Wheel Hotel and Casino. The Wagon Wheel was expected to cost $15 million, and financing had yet to be obtained for the project, which Weiss expected to open in early 1990.[74] The project, which would include a 55,000 sq ft (5,100 m2) casino, was to be built in two phases.[79]
By October 1991, Wally's Wagon Wheel remained unbuilt due to difficulty obtaining financing.[80][76] That month, the Henderson Planning Commission voted to give Weiss more time to make progress on the project. At that time, the project was to include 204 hotel rooms and would be built on 13.30 acres (5.38 ha). Weiss noted that the nearby successful Sam's Town hotel-casino opened with 204 rooms, and he believed his project would be successful if he opened with the same amount of rooms for good luck.[76] By the end of 1992, Weiss had still not acquired financing for Wally's Wagon Wheel. At the time, the project was the largest of five casinos being planned for Henderson. The three-story project was to include 200 rooms, two restaurants, a theater lounge for country and western entertainment, and a large bingo room. Weiss stated that groundbreaking was scheduled for May 1993, with an expected opening in June 1994. The hotel-casino would employ approximately 600 people upon opening.[81]
Weiss met with nearby residents to discuss the project, and he had the original design changed to include a larger buffer zone between homes and the hotel-casino. In November 1994, the Henderson Planning Commission voted to recommend approval of Weiss' requested zone change as part of the redesign. The project, at that time, was to include a one-story casino and a four-story hotel with 400 rooms.[82][83] In December 1994, the Henderson City Council rejected Weiss' plans for a 200-foot (61 m) buffer.[84]
In July 1997, the unbuilt project received its sixth extension from the Henderson Planning Commission for a use permit and architectural review.[85] In August 1997, the Henderson City Council approved the sixth extension, but denied Weiss' appeal for a one-year extension, instead giving him six months to make progress on the project.[77] Up to that time, $1.7 million had been invested in the project by Magna Leisure Partnership.[86] As of 1998, the project was expected to cost $80 million and employ at least 1,200 people, and the proposed site had increased to 19 acres (7 ha). At that time, Weiss stated that he was close to obtaining financing for the project from a casino operator.[87] The project was never built.
Wild Wild West
Not to be confused with Wild Wild West Gambling Hall & Hotel. As of 1993, Station Casinos owned a 27-acre (11 ha) site on Boulder Highway with the potential to be developed as a casino. The site was located across the street from Sam's Town hotel-casino.[88] In January 1998, Crescent Real Estate Equities Co. announced plans to purchase Station Casinos, which had intended to sell the land prior to the announcement.[89] By March 1998, Station Casinos was planning to develop a hotel-casino complex on the land, which was occupied by a vacant strip mall. The complex would be known as Wild Wild West, with local residents as the target clientele.[90][89]
Crescent's purchase of Station Casinos failed in August 1998, and Station Casinos subsequently slowed its plans to build the project.[91] By the end of the year, the project had received approval from the Clark County Planning Commission for a 273,000 sq ft (25,400 m2) casino and a 504-room hotel.[92] No timetable for construction was announced,[92][93] and Station Casinos had already decided by that point not to start any new projects prior to 2000.[92] Station Casinos sold the undeveloped land for $11.2 million to Wal-Mart Stores, Inc. in April 2004.[94]
World Port
In 2000, Howard Bulloch, David Gaffin, and their partner Tom Gonzales transferred ownership of the Glass Pool Inn property to their group, known as New World, with plans for a megaresort.[95] New World purchased several other nearby motels to accumulate a 77-acre (31 ha) parcel located on the Las Vegas Strip and east of the Mandalay Bay.[96] In January 2001, plans were announced for World Port Resorts, a megaresort consisting of hotel-casinos, a convention center and a fine arts facility. The project was to be built on the 77-acre (31 ha property, a portion of which was occupied by the Glass Pool Inn.[96]
World Trade Center
To have been located at 925 East Desert Inn Road. Leonard Shoen, co-founder of U-Haul truck rental, purchased the property of what had been the Chaparral Hotel & Casino in 1996, renovating it into the World Trade Center Hotel. A gaming license was applied for, but when it was discovered that two of Shoen's closest partners were convicted felons, the application was denied in 1998. He withdrew his application, and died in a car crash in 1999 that was ruled a suicide. Cards and gaming chips were produced for the World Trade Center Casino, but were never used.[97] The property has since been demolished and is now a parking lot, part of the Las Vegas Convention Center Annex.
World Wrestling Federation
A casino resort themed after the World Wrestling Federation (WWF) was proposed for a property near the Interstate 15 freeway across from Mandalay Bay. The project never went past the proposal stage.[4] The land where it would have stood is now Allegiant Stadium.
WWF also proposed to open the project on the property once used by the Clarion Hotel and Casino, which was demolished in 2015 to become a parking lot.
Xanadu
In February 1976, the Clark County Commission approved the 23-story Xanadu resort, to be built on the Las Vegas Strip at the corner of South Las Vegas Boulevard and Tropicana Avenue. The resort would include approximately 1,700 hotel rooms and a casino, as well as convention facilities, a showroom, dining, and indoor tennis courts. The resort was to be developed by Tandy McGinnis – of Bowling Green, Kentucky – and his Xanadu Corporation, and would be built on 48.6 acres (19.7 ha) owned by Howard Downes, a resident of Coral Gables, Florida.[98][99][100] The Xanadu would feature a pyramid design, and was expected to cost $150 million.[100] It would have been the first themed mega-resort. Much information and many artifacts of the project are housed at the University of Nevada, Las Vegas library. The Excalibur Hotel and Casino ultimately opened on the property in 1990.[101]
See also
Category:Defunct casinos in the Las Vegas Valley List of Atlantic City casinos that never opened