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Q3 for MGM Mirage Like Others, Down
By Brian K. Miller
LAS VEGAS-Occupancy in the company’s nine resorts on the Strip matched the year-earlier period at 95% despite most of its resorts there losing occupancy. ... Full Story
Tivoli Village: Smaller Phase One in Late 2010
By Brian K. Miller
LAS VEGAS-Construction of the 30-acre mixed-use lifestyle center here resumes with the first phase having been whittled to 370,000 square feet from 700,000 square feet. ... Full Story
Fontainebleau May Appeal Lawsuit Rulings
By Brian K. Miller
LAS VEGAS-In one key ruling, the judge denied a motion for summary judgment against the would-have-been final-stage lenders. ... Full Story
Boyd Wants Competing Plans for Station Casinos
By Brian K. Miller
LAS VEGAS-The owner of nine off-Strip casinos here is trying to purchase some or all of the assets of Station, which operates 18 off-Strip casinos here and filed for bankruptcy protection in July.
... Full Story
LV Sands Moves Closer to IPO for Macau Unit
By Brian K. Miller
LAS VEGAS-Just as Wynn Macau did two weeks before its IPO on the Hong Kong stock exchange, Las Vegas Sands Corp. files a required disclosure statement detailing its operations in Macau. ... Full Story
Cirque du Soleil Renews Office Lease
By Brian K. Miller
LAS VEGAS-The entertainment group renews its lease at Hughes Airport Center with CIP Real Estate, which owns 1.3 million square feet there. ... Full Story
Sands Q3 Loss Widens to $123M
By Brian K. Miller
LAS VEGAS-The casino operator reports a 26% revenue decline in its revenue from its local properties. ... Full Story
Mixer Now Chairman of Colliers USA Board
By Brian K. Miller
LAS VEGAS-One month after taking the helm of the local office for the third time in his career Michael Mixer is named chairman of the USA Board of Directors for Colliers International. ... Full Story
Echelon On Ice for Three to Five Years
By Brian K. Miller
LAS VEGAS-Boyd Gaming chief executive Kenneth Smith cites lower consumer spending, a glut of hotel rooms and a lack of financing for further delaying the partially completed, $4.8-billion project. ... Full Story
Harrah’s Posts $1.6B Loss
By Brian K. Miller
LAS VEGAS-Much of the loss is attributable to a $1.33-billion drop in the fair value of its assets, while much of the remainder is due to fewer visitors gambling less. ... Full Story
Wynn Resorts Profit Falls by a Third
By Brian K. Miller
LAS VEGAS-Bookings for conventions and meetings in Las Vegas remain weak along with the flow of wealthy Americans with money to burn. ... Full Story
Land Brokerage Firm Adds Vegas for Clients
By Brian K. Miller
LAS VEGAS-The Hoffman Co., a longtime land brokerage firm from California launches a local office to gain business from banks looking to move delinquent or foreclosed properties off their books. ... Full Story
Penn National Gaming Talks Fontainebleau
By Brian K. Miller
LAS VEGAS-The company says that despite the $3-billion project being 70% complete its value is little or nothing because the estimated $1.5-billion cost to complete it is at the edge of its value. ... Full Story
Lost CityCenter Value Tops $2B
By Brian K. Miller
LAS VEGAS-While the company's majority shareholder mulls its options, MGM Mirage will write off about $2 billion of lost CityCenter value. ... Full Story
Examiner Appointed for Fontainebleau Sale
By Brian K. Miller
LAS VEGAS-Jeff Truitt of XRoads Solutions Group will move forward with the sale of the stalled $3-billion casino resort out of Ch. 11 bankruptcy. ... Full Story
MGM Mirage Also Eyeing Asia IPO
By Brian K. Miller
LAS VEGAS-With Wynn Resorts having already been successful and Las Vegas Sands hoping to repeat the feat next month, MGM Mirage is now considering an offering of its own as it eyes additional development sites.
... Full Story
Vegas Industrial Continues to Feel the Pressure
By Brian K. Miller
LAS VEGAS-Depending on which report you read vacancy is 14.2%, 9.1% or somewhere in between but while estimates on net absorption vary by 2 million square feet. ... Full Story
LV Sands Close to IPO for Macau Operations
By Brian K. Miller
LAS VEGAS-The casino operator is reportedly hoping to raise as much as $2.5 billion next month through an initial public offering of its Macau properties on the Hong Kong stock exchange. ... Full Story
Zappile Joins CoreNet Global as Interim CEO
By Brian K. Miller
LAS VEGAS-Ron Zappile, most recently president of United Technologies Realty, replaces Prentice Knight, who is retiring. ... Full Story
Gaming, Hotel Metrics Still Underperforming
By Brian K. Miller
LAS VEGAS-Hotel occupancy, room rates and the amount gamblers are losing on the Las Vegas Strip continues to underperform relative to 2008, which itself underperformed relative to 2007. ... Full Story
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