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 Las Vegas Monte Carlo Resort and Casino received $450 million to be upgraded, since the casino operator MGM Resorts International decided to attract luxury-seeking gamblers of the younger generation.

Las Vegasí Monte Carlo Casino obtained $450 million twenty years after its opening. MGM Resorts International reported that it had signed an agreement with the Sydell Group to upgrade the resort and create a 2,700-room hotel casino.
MGM announced that it was going to rebrand Monte Carlo Casino two months after the opening of The Park along Las Vegas Boulevard.
Bill Hornbuckle, the president of MGM Resorts International, declared that the cooperation of MGM with the Sydell Group would create authentic Las Vegas hotels and start a new era in the field of local accommodation and gambling.
Andrew Zobler, CEO of the Sydell Group, mentioned that the cooperation with MGM seemed to be obvious. 
Both companies hired the British designer Martin Brudnizki to develop Park MGM. Their owners want to provide the new resort complex with the European elements. However, it should also be traditional for Las Vegas.
Apart from Park MGM, partners want to open a 292 rooms at the popular hotel called NoMad and located in New York. The NoMad in Las Vegas will be designed by Jacques Garcia. The designer was inspired by such Parisian hotels as Royal Monceau and Hotel Costes.
As soon as the two hotels are built, they will finish the redesign of the Las Vegas Strip, which was initiated several years ago and included constructions of The Park and T-Mobile Arena.
The construction activities of Park MGM and NoMad Las Vegas will start in 2016 and come to an end in 2018.
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