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Plaza Name Fight Staying Local

LAS VEGAS-A lawsuit by the owner of the Downtown Plaza Hotel & Casino here is one of two El-Ad Properties is dealing with since it began gambling on Vegas earlier this year.

By Brian K. Miller | Updated on November 20, 2007

LAS VEGAS-Tamares Las Vegas Properties LLC, the owner of the historic Downtown Plaza Hotel & Casino here has won an interim decision in its fight to stop El-Ad Properties from using the Plaza name for its multibillion development on the Las Vegas Strip. US District Judge Philip Pro on Monday granted Tamares’ motion to remand the case to Clark County District Court for a hearing on Tamares’ request for a preliminary injunction. A hearing date has not yet been scheduled.

El-Ad Properties is a New York City-based development firm owned by El Ad Group, an Israel-based real estate development conglomerate controlled by Israeli billionaire Yitzhak Tshuva. El-Ad owns among other things the recently renovated Plaza Hotel in New York City.

In August, El-Ad and Tel Aviv-based Property & Building Ltd. paid $1.24 billion for the 34.5-acre New Frontier Hotel Casino across from Wynn Las Vegas, which was demolished last week in preparation for a $5-billion redevelopment that also would carry the Plaza name.

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