Fontainebleau
- Founded
- 1954-01-01 in Miami Beach, Florida, USA
- Headquarters
- 2777 South Las Vegas Boulevard, Las Vegas, Nevada 89109, USA
Fontainebleau Las Vegas is a luxury resort and casino on the northern Las Vegas Strip, operated by Fontainebleau Development and one of the newest major gaming venues in Nevada. The property opened in December 2023 after a development saga that began with a 2005 announcement, stalled in bankruptcy in 2009, and was revived by Jeffrey Soffer, Steven Witkoff, and Koch Real Estate Investments. The 67-story tower includes roughly 3,644 rooms and suites, a reported 150,000-square-foot casino, a BetMGM-branded sportsbook, dozens of restaurants and bars, a large pool district, a 95,000-square-foot spa, and the BleauLive Theater. Although the company has been filed in one database under the label “sweepstakes casino operator,” Fontainebleau Las Vegas is actually a licensed, land-based Nevada casino resort rather than a social or sweepstakes casino brand. It is also connected to the Boring Company’s Vegas Loop underground transit system. Its iGaming-industry significance rests mainly on the BetMGM sportsbook partnership and its status as a newly opened anchor property on the Strip.
Detailed Review
Brand Heritage
The Fontainebleau name began in 1954, when hotelier Ben Novack opened the Fontainebleau Miami Beach, a landmark of mid-century hotel design. Fontainebleau Development, controlled by Jeffrey Soffer, later acquired and restored the Miami Beach property and announced plans for a Las Vegas counterpart in 2005. Fontainebleau Las Vegas is the company’s first casino resort and is owned by Soffer’s organization together with Koch Real Estate Investments.
Development History
Construction on the Las Vegas tower began in 2007 to a design by Carlos Zapata and reached roughly 70 percent completion before funding collapsed in June 2009 during the global financial crisis. The original developer entered Chapter 11 bankruptcy, and Carl Icahn acquired the unfinished tower in 2010 for about $150 million. In 2017, Soffer and New York developer Steven Witkoff purchased the dormant property for approximately $600 million, initially branding it “The Drew Las Vegas.” Koch Real Estate Investments joined the ownership group in 2021, the project returned to the Fontainebleau name, and construction resumed.
Opening and Scale
The resort opened on December 13, 2023, after an estimated total development investment of about $3.7 billion. The 67-story tower contains roughly 3,644 guest rooms and suites, a reported 150,000-square-foot casino, more than three dozen restaurants, bars and nightlife venues, a 95,000-square-foot spa, an extensive pool district, and the BleauLive Theater. Around 5,000 employees were reported at opening.
Business Model
Fontainebleau Las Vegas earns revenue as a Nevada-licensed land-based casino and luxury hospitality destination. Its casino floor offers slot machines, table games and high-limit gaming areas, while the hotel, restaurants, spa, pool, and entertainment operations diversify the revenue base. The property’s race and sportsbook is operated through a branding partnership with BetMGM, the U.S. sports betting and iGaming joint venture of MGM Resorts International and Entain, and BetMGM’s mobile app is available to guests in Nevada.
Regulatory and Classification
The property holds a Nevada non-restricted gaming license from the Nevada Gaming Commission. Nevada does not permit online casino gaming, so Fontainebleau Las Vegas does not operate an internet casino. The database label “Sweepstakes Casino Operator” is inaccurate: no Fontainebleau-branded sweepstakes casino, social casino, or online casino product could be identified in available information. The company’s iGaming relevance is limited to the BetMGM sportsbook relationship and its place in the broader U.S. gaming landscape.
Market Position
As one of the newest large-scale integrated resorts on the Las Vegas Strip, Fontainebleau competes with established luxury casino properties for hotel, gaming, dining and entertainment spend. Its long development timeline and late entry make it a notable addition to the northern Strip, while the parent brand’s Miami Beach heritage gives it recognition beyond Nevada.
Transportation and Recent Context
Fontainebleau Las Vegas is also designated as a stop on the Boring Company’s Vegas Loop, the underground electric-vehicle transit system being expanded along the Strip. That connection explains how the company appeared in a Yogonet article about a new Vegas Loop station at Sahara Las Vegas. The Vegas Loop station is part of the broader resort-corridor transit expansion helping to link multiple casino properties.
Key Products
Fontainebleau Las Vegas
Flagship luxury resort and casino on the Las Vegas Strip, with a 67-story tower and approximately 3,644 rooms and suites.
Fontainebleau Casino
Reported 150,000-square-foot casino floor with slot machines, table games and high-limit gaming areas.
BetMGM Sportsbook at Fontainebleau
Retail race and sportsbook operated through a partnership with BetMGM, giving guests access to BetMGM’s mobile sports betting app in Nevada.
BleauLive Theater
Multi-purpose entertainment venue at the resort hosting concerts and events.
The Spa at Fontainebleau
Reported 95,000-square-foot spa and salon at the Las Vegas resort.
Pool District
Large outdoor pool complex with cabanas and daylife programming.
Dining and Nightlife Program
More than three dozen restaurants, bars and lounges, including celebrity-chef concepts.
Fontainebleau Miami Beach
Sister property under the parent brand in Miami Beach, originally opened in 1954 and operated as a non-gaming hotel.
Vegas Loop Station at Fontainebleau
Planned Boring Company tunnel stop serving the resort as part of the Las Vegas Strip transit loop.
Offices & Headcount
5000 employees (approx.)
Recent News
Sahara Las Vegas opens Vegas Loop station as Boring Co. network expands north
The Boring Company has opened a Vegas Loop station at Sahara Las Vegas, marking the network's northernmost Strip stop and giving the resort direct access to the underground transit system. Sahara becomes one of two hotels with both a Loop station and a Monorail station, while the company pushes ahead on a Paradise Road line targeting a November opening.
2026-08-07