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Caesars to Open Giant Observation Wheel in Vegas

It was announced by Caesars Entertainment Corp. that they have been granted an important county permit to build the world’s tallest observation wheel. The wheel will be part of a retail, dining and entertainment complex they are building on the Las Vegas Strip which will cost more than half a billion dollars.

Caesars have received a permit to build the world’s tallest observation wheel on the Las Vegas Strip.

The wheel, known as the High Roller, will be 167.6m (550 feet) tall and is the centrepiece of the development known as LINQ. It is expected that the new complex will open next year between the Hurrah’s Las Vegas, Imperial Palace and Flamingo Las Vegas casinos. The wheel will easily be taller than the 135m (443 feet) London Eye and the 165m (541 feet) Singapore Flyer.

The Caesars project has a rival, SkyVue which is currently under construction about 5km south on Las Vegas Boulevard, however, SkyVue is slightly smaller at 152.4m. According to David Codiga, the Caesars project chief, the permit received last week from Clark County shows that the wheel meets rigorous national design, construction, maintenance, operation and safety standards.

The wheel has been designed so that it is oriented parallel to the Strip. It will have 28 air-conditioned cabins each one capable of holding 40 people. This means when the wheel is full over 1100 people at once will be able to enjoy the views on the 30 minute ride. According to Codiga, Caesars are already receiving inquiries from people interested holding weddings in the sky.

The project manager for Arup Engineering, those building the wheel, said that it has been designed to exceed seismic, wind and temperature extremes. This will be checked after completion of the project when it will undergo rigorous testing before being granted a certificate of operation.
Caesars is now racing to finish the wheel before SkyVue, which already has its foundations laid, is complete.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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