Having been in the casino industry for so many years, it’s always exciting when new heavy
Tech giant Elon Musk aims to revolutionize the world’s gambling capital Las Vegas. The celebrated entrepreneur who has made technological strides across a wide array of industries is negotiating a new agreement with two Las Vegas casinos that want in on Boring Company tunnels that would connect them to the Convention Center.
Tick Segerblom, the Clark County Commissioner, has posted a tweet last week, revealing Musk’s construction plans that include several tunnels that would connect the Wynn and the Encore with the Las Vegas Convention Center (LVCC). Both of these casino establishments are owned by Wynn Resorts.
Later this week, Wynn Resorts published that they submitted plans to the city to connect their hotels to the ongoing project. Reportedly, another conglomerate Resorts World, which is set to open in 2021, is also in on Elon Musk’s Las Vegas Project. The Malaysian-owned resort has also submitted applications for underground connectors. If you don’t want to wait until 2021 you can enter the city of golden dreams at Neon Vegas Casino.
The Verge, which first reported on the project, published both sets of applications that show a picture of Tesla vehicles swiftly transporting people from the casino to the convention center. If all goes as planned, the project should drastically reduce transportation time and turn a 30-minute walk into a 2-minute ride in each direction.
According to the construction plans, the Boring company is set to excavate a 0.6-mile tunnel that is supposed to go from the Encore all the way to the Silver Lot parking lot in the Convention Center. The proposal says that the boarding area in the LVCC would save up to 25 parking spaces.
Passengers at the Encore would enter the existing bus lane located outside the hotel, and the boarding areas at both ends would be constructed above ground.
The Boring Company also plans to dig a 0.4-mile tunnel that would run from the new Resorts World hotel-casino to one of the parking lots that are currently under construction as a part of the LVCC expansion. Both departure halls would also be above ground.
Unlike the Convention Center Loop, the Wynn Resorts and Resorts World tunnels won’t be free. In an interview with CNN, the president and CEO of the Las Vegas Convention and Visitors Authority Steve Hill said that each trip would cost between $3 and $5. This is just about the price passengers usually pay for a ticket to ride in the Monorail. The driverless transit system connects the LVCC to several resorts across the Strip but doesn’t reach the Encore, the Wynn, or Resorts World.
The new projects would have been funded by the companies per se, as opposed to the $52.5 LVCC Loop which was financed by the Convention and Visitors Authority. According to the proposals submitted to Clark County, the two companies are still negotiating the terms of their agreements with Musk’s company.
Wynn Resorts and Resorts World have a history that goes beyond their projects with The Boring Company. Namely, in 2018, Wynn Resorts filed a lawsuit against Resorts World because the Malaysian company had been planning to build a 3,000-room Chinese-themed resort that would be a stunning resemblance to the Encore and the Wynn. The two companies reached a settlement on the dispute last year.
Eventually, the Boring Company plans on connecting its tunnels to the entire Strip and airport, and the two proposals from the Resorts World and the Wynn represent the first milestone towards that goal. The projects would raise tensions with the city’s Monorail company and the taxi authority, as the Boring Company would directly compete with them with those transportation means. The Convention Center Loop is set to open in January 2021, right in time for the next Consumer Electronics Show.