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Penske Media in Talks to Open Rolling Stone Hotel and Casino in Las Vegas
Penske Media is in talks to open a Rolling Stone hotel and casino in Las Vegas that would open on the site of the Downtown Grand Hotel & Casino.
Penske Media Corporation (PMC) is in talks to open a Rolling Stone Hotel and Casino in downtown Las Vegas, sources tell Billboard. The potential property would open on the site of the Downtown Grand Hotel & Casino, which PMC (owner of Rolling Stone as well as brands including Billboard) is currently in talks to acquire from CIM Group, the sources say. As a PMC spokesperson told the in February, the festival “is in the process of making a long-term investment in Las Vegas real estate for the festival’s new home downtown.” A version of Life Is Beautiful, A Big Beautiful Block Party, was staged for two days and nights last September at the Plaza Hotel and Casino in downtown Vegas with headliners Peggy Gou, Justice, LCD Soundsystem, Jamie xx and Jungle.
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