Analyst: Investor interest in Strip's Alon project may be 'diminishing'

An Australian gaming analyst said one of the developers of the proposed Alon project on the Strip is having trouble raising the financing that is needed to help build the planned hotel-casino complex. In a research report Thursday, Credit Suisse gaming analyst Larry Gandler said Crown Resorts, the Australian casino developer that owns 74% of Alon, was looking to finance the resort by reducing its stake in project.