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High-Speed Rail Route Gains Federal Status
By Brian K. Miller
LAS VEGAS-A high-speed rail corridor between Las Vegas and Southern California gains federal status, thereby allowing it to compete for $13 billion in federal money.
... Full Story
Gaming Index Backs Off Recovery
By Brian Miller
LAS VEGAS-Valuations within the gaming sector falls back in June after two consecutive monthly increases.
... Full Story
Canyon Again Seeks Sale of Greek Isles Casino
By Brian K. Miller
LAS VEGAS-The borrower, which lost control of the asset to a court-appointed receiver in March, has been in default for the past year and now owes $67 million on a $56-million loan.
... Full Story
MGM Catching Breath, Station Still Gasping
By Brian K. Miller
LAS VEGAS-MGM Mirage convinces accountants there is no longer 'substantial' doubt about the company’s ability to persist while Station Casinos seeks another deadline extension.
... Full Story
Riviera Stock Quote Moves to Pink Sheets
By Brian K. Miller
LAS VEGAS-Trading of the company’s common stock on the NYSE AMEX LLC ended Thursday.
... Full Story
Report: Regional Economic Recovery to Lag Nation
By Brian K. Miller
LAS VEGAS-The business, tourism and construction industries of Southern Nevada will take longer to recover than the rest of the nation, according to a recent report.
... Full Story
Consolidated Resorts Filing Ch. 11
By Brian K. Miller
LAS VEGAS-The owner of timeshare resorts in Las Vegas, Hawaii and Orlando says it is filing for bankruptcy protection.
... Full Story
Yemenidjian Cleared to Run Tropicana
By Brian K. Miller
LAS VEGAS-The Nevada Gaming Commission clears Alex Yemenidjian to take over gaming operations until the property's new owners are licensed. ... Full Story
AC Supplier Suing Neonopolis for Non-Payment
By Brian K. Miller
LAS VEGAS-The breach of contract lawsuit comes one month after the movie theater closes, leaving very few stores operating in the 250,000-square-foot complex.
... Full Story
Holy Cow! Mr. Walgreens Mixing Drugs, Gaming
By Brian K. Miller
LAS VEGAS-A low-key investor-developer from Scottsdale, AZ with Strip and Walgreens experience plans to match a casino with a pharmacy at the corner of Sahara and Las Vegas Boulevard.
... Full Story
Boulder Highway Rezone Complete
By Brian K. Miller
HENDERSON, NV- The new classification encourages mixed-use developments with density bonuses and other incentives.
... Full Story
Fontainebleau LV Gains Expedited Hearing
By Brian K. Miller
LAS VEGAS-The hearing, for summary judgment against the lenders holding back $656 million in final-stage financing for the project, likely will occur in July.
... Full Story
Report: Union Funds Could Aid Fontainebleau
By Bob Howard
LAS VEGAS-Union Labor Life Insurance Co., a partner in the bankrupt project, could be a source of additional funds.
... Full Story
Fontainebleau LV Gains Access to Some Cash
By Brian K. Miller
LAS VEGAS-The bankruptcy court approves payment of back wages and provides partial access to $201 million in cash collateral for other purposes, overruling an objection by Bank of America.
... Full Story
Genting Invests $200M in MGM Mirage; A Prelude?
By Brian K. Miller
LAS VEGAS-The Malaysian gaming company is also discussing a partnership with MGM.
... Full Story
Fontainebleau LV Files Ch. 11 Bankruptcy
By Brian K. Miller
LAS VEGAS-The filing comes after final-stage lenders renege on $800 million in financing and the projects top executives resigns. The multi-billion-dollar project is 70% complete.
... Full Story
DP Partners Adds Third-Party Management
By Brian K. Miller
RENO, NV-Dermody Properties’ development and management experience is expected to help it secure third-party assignments.
... Full Story
Lenders Sue to Wrest Strip Property from FXRE
By Brian K. Miller
LAS VEGAS-Three first-lien lenders sue to have a receiver take control of the company’s only asset, 18 acres across the Las Vegas Strip from the new CityCenter development.
... Full Story
Gaming, Resort Metrics Remains Weak into Q2
By Brian K. Miller
LAS VEGAS-Hotel occupancy is creeping back up but only at the expense of room rate, and guests still aren’t gambling as much, according to April data released this week.
... Full Story
Riviera Stock Headed for OTCBB
By Brian K. Miller
LAS VEGAS-The owner of the Riviera hotel-casino here will seek to have its common stock quoted on the Over-The-Counter Bulletin Board
... Full Story
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TIC July 28 
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