The Venetian Resort Las Vegas on the Las Vegas Strip in Paradise, Nevada, US, has unveiled a $1.5bn reinvestment project.
Real estate investment trust VICI Properties is set to provide up to $700m in financing for the Venetian Capital Investment, which will support various renovation and expansion initiatives at the resort.
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This reinvestment plan includes a complete update of all 4,000 suites within the Venetian towers, including the signature suites.
The resort’s reimagining will also see the introduction of new culinary concepts, set to be announced later this year.
This adds to its current dining options such as Sala 118, Mott 32, Bar Luca, Prestige Club Lounge, Miznon, and more.
In addition, the project will feature the launch of new gaming offerings including a new poker room scheduled to open this summer.
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By GlobalDataIt will also deliver The Palazzo High Limit Lounge, a fully redesigned sportsbook in partnership with Yahoo, the Yahoo Sportsbook powered by William Hill.
In addition, the resort has committed $188m to renovate its Convention Centre, with redesign work starting this summer.
The Venetian Resort Las Vegas president and CEO Patrick Nichols said: “This redevelopment marks more than just a surface-level renovation, it signifies a deep understanding of our guests and a profound reimagining of an iconic resort unlike any other in history. The beauty of this project lies within the balance of the beloved familiar and the never-before-seen.”
Furthermore, The Venetian Resort has announced the Food Rescue Alliance.
This programme is aimed at addressing food insecurity in the Las Vegas Valley by repackaging surplus fresh food from catered events and distributing it to those in need.
The resort’s evolution also includes a rebrand of The Venetian’s lion logo, following the recent launches of HaSalon restaurant, Voltaire Belle de Nuit, and Sphere at The Venetian.
Among other amenities provided at the resort include a five-acre pool and garden deck, Canyon Ranch spa + fitness, and more.
