The Ritz-Carlton, Lake Las Vegas opened to the public with a ribbon-cutting ceremony on Feb. 14. The opening coincided with The Ritz-Carlton, Lake Las Vegas hosting the only American showing of an international diamond exhibit called "Diamonds & the Power of Love." The exhibit showcases 700 carats of diamond jewelry valued at approximately $10 million. In addition to the 5,000 people who visited the exhibit, the ribbon-cutting and party that followed received local, national and international media coverage.
The Ritz-Carlton offers 350 rooms, two ballrooms, meeting facilities, a luxury spa, casino and two swimming pools. In January, the Nevada Gaming Commission approved CIRI's application for registration as a holding company for its ownership interest in the Casino MonteLago, located at the property.

The Ritz-Carlton and Casino MonteLago are part of an architecturally integrated retail village and 170-unit condominium project. Composed of three main outdoor pedestrian streets, plazas and waterfront areas, the village offers guests a variety of shopping and dining alternatives, all designed to reflect the atmosphere of a small Italian village.
This is CIRI's second investment at Lake Las Vegas, a state-of-the-art resort and residential community designed around a beautiful 320-acre lake in the Nevada desert. CIRI also is an investor in the Hyatt Regency Lake Las Vegas Resort, a 500-room hotel catering to group and meeting business and independent vacation travelers, which opened in December 1999.