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November 28, 2009

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Polo Towers not for sale

Tuesday, Oct. 12, 1999 | 11:24 a.m.

Las Vegas developer Steve Cloobeck said the Polo Towers timeshare resort is "definitely" not for sale.

The Sun reported last week that Boccardi Capital Systems may be eyeing two Strip sites for a proposed megaresort. The article noted that one of them consists of 15 to 16 acres near the Polo Towers, and subsequently referred to that acreage as "the Polo Towers site."

Cloobeck said he'd been deluged with phone calls from Polo Towers customers and others who were concerned about a possible sale. He said the article should have referred to the acreage as "the Lakes Gaming site."

Lakes Gaming, which was spun off as a separate publicly traded company when Grand Casinos Inc. merged with Park Place Entertainment, controls three of the five parcels making up the 15 to 16-acre site and has options to buy the other two.

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