Early in January, Las Vegas Sands Corp. and the Elad Group were plagued by false reports of a partnership to develop the former New Frontier site. The reports came from an Israeli website and quickly made their way to the United States, claiming that Elad Group execs were requesting assistance from Sands mogul Sheldon Adelson to build a $5 billion Plaza Hotel on the Las Vegas Strip. Both casino operators deny any such partnership.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.