An Israeli real-estate investment company, El Ad Properties, has purchased the New Frontier for $1.2 billion. The roughly 35-acre property brought nearly $35 million per acre, making it possibly the most expensive "large-site transaction" in the history of Las Vegas. El Ad, which owns the Plaza Hotel and several other buildings in Manhattan, will shutter the aging New Frontier when the deal closes in about three months, then demolish the 1,000-room hotel and build a replica of the Plaza on the site. The deal doesn't include the seven-acre site of the Trump International Hotel & Tower on the Frontier lot. Phil Ruffin, owner of the New Frontier, paid $167 million for the hotel-casino in 1998.

RAKING IT IN: Gambling revenues at U.S. commercial casinos rose 6.8 percent to a record $32.4 billion in 2006. The figure doesn't include revenues from 372 American Indian casinos, 713 card rooms, and 11,567 video lottery terminals.

TRAFFIC: If you think you've noticed more cars on Las Vegas roads of late, you're not mistaken. The continuing influx of new residents to the city is resulting in 100 extra cars being added to the Las Vegas traffic mix every day.

NEW 'ICE': After two decades of the aquatic-themed Splash!, the Riviera has followed a logical progression with the debut of its new show, "Ice." Tickets are $59.95 and $69.95.

Q. Hooters is advertising a shrimp cocktail for 99 cents. Is it just a come-on?

A. No, you must first join the Hooters players club, but then you can get a good shrimp cocktail — six to nine medium-sized shrimp in spicy sauce — in the Dam Restaurant for 99 cents. You also get to swipe your card once per day to win logo gifts, such as a Hooters-embossed shot glass.

For information about Las Vegas shows, buffets, coupons and deals, see www.LasVegasAdvisor.com.