In November, Loews announced it would take over the 493-room Hyatt Regency Hotel at Lake Las Vegas and has been instilling its own brand of service and style on the property since, including shuttering the small casino near the lobby.

"We are not competing with The Venetian or the Wynn (Las Vegas)," said Tisch, who visited the property this week to rally employees and review progress. "We are going to leave the casino business to others."

SKIP