The parent company is the well-known developer of the “master-planned community” in Summerlin found in West Las Vegas. The said subsidiary of Howard Hughes Holdings should be “ independent“ and “ spin-off“ as a publicly traded firm by the end of the next year. Additionally, the new subsidiary will also manage the Las Vegas Aviators Triple-A baseball team operations, the company’s share in Jean-Georges Restaurants, which is a long-expanding multi-location chain involving 2 in Las Vegas and supervision of the Seaport district in New York, according to IGB. The aforementioned Houston-based firm’s newest spin-off subsidiary, Seaport Entertainment, will take control of the firm’s entertainment business, which involves an 80% stake in the air rights atop the Fashion Show Mall where a casino is currently under planning, the news release states. Howard Hughes Holdings’ newest entertainment subsidiary could potentially construct the newest casino, which will be located on the Las Vegas Strip, and tower over Fashion Show Mall.
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