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GSG Seeks Amended Sullivan Square Complaint
By Brian K. Miller
LAS VEGAS-The local partner for the never-developed $1-billion luxury residential-over-retail project adjusts its complaint after having most of its initial claims thrown out in August.
... Full Story
City Crossing Bankruptcy Case Dismissed
By Brian K. Miller
LAS VEGAS-The debtor has no money to fund the reorganization plan so the judge dismisses the case, allowing foreclosure to continue.
... Full Story
Harsch Taps Prudential for Industrial Leasing
By Brian K. Miller
LAS VEGAS-With overall industrial vacancy on the rise, Harsch taps a team of local brokers to fill vacancies at three of its properties.
... Full Story
County Extends Arroyo Lease Option
By Brian K. Miller
LAS VEGAS-Approximately 200 acres of the 430 acres included in the 2001 agreement have been taken down by EJM Development Co., which has 14 buildings nearing completion.
... Full Story
3M-SF Park Heights Gains Key Support
By Brian K. Miller
LAS VEGAS-The required zone changes and waivers for the 1,588-unit development now head to the full council with a do-pass recommendation. ... Full Story
Dubai World Gains OK to Up Stake in MGM Mirage
By Brian K. Miller
LAS VEGAS-The plan, approved Thursday by the Nevada Gaming Commission, allows the investment arm of Dubai to more than double its stake in MGM Mirage.
... Full Story
Loveman: Sea Change for Casino Companies
By Brian K. Miller
LAS VEGAS-The top dog at Harrah’s Entertainment says the days of spending capital 'like drunken sailors' are over while another industry exec predicts no new cranes for several years.
... Full Story
MGM Mirage to Anchor $4B Development in Vietnam
By Brian K. Miller
LAS VEGAS-A $4.2-billion integrated beachfront resort project by a Canada-based company will begin with an 1,100-room resort to be operated by MGM Mirage.
... Full Story
'Substantial Doubt' About LV Sands Gone
By Brian K. Miller
LAS VEGAS-The casino-resort company’s successful capital raise and development cutback allows it independent accounting firm to amend its statement about the company’s wherewithal.
... Full Story
MGM Mirage Looking to Sell Non-Core Assets
By Brian K. Miller
LAS VEGAS- Seeking greater liquidity, the company considers the sale of some of its undeveloped land on the Las Vegas Strip and elsewhere.
... Full Story
3M-SF Mixed-Use Project Up for Approval
By Brian Miller
LAS VEGAS-The proposal calls for 1,588 residential units and 850,000 square feet of commercial, office, hotel and civic space in multiple buildings ranging from two stories to 30 stories. ... Full Story
MGM Mirage Chairman, CEO Steps Down
By Brian K. Miller
LAS VEGAS-Terry Lanni is retiring from his executive positions at the end of the month but will remain on the board.
... Full Story
S&P Listing Prompts Wynn to Offer 8M Shares
By Brian K. Miller
LAS VEGAS-Expecting demand from its addition to the S&P 500 Thursday, Wynn Resorts announces a five-million-share offering then quickly ups it by 60%. ... Full Story
$5B Echelon On Ice Through ‘09
By Brian K. Miller
LAS VEGAS-In a quarterly report filed this week, Boyd Gaming says it is 'unlikely' it will resume construction next year for the 5,000-room integrated resort.
... Full Story
Small Retail Center Trades Amid Downturn
By Brian K. Miller
LAS VEGAS-The 24,000-sf center with no national retailers fetches $8.3 million at a time when few sales are being consummated.
... Full Story
LV Sands to Raise $2.1B with Stock Offering
By Brian K. Miller
LAS VEGAS-The company prices a 181.8-million public stock offering and says it will sell 5.25 million preferred shares and warrants for an additional 87.5 million common shares to its principal stockholder.
... Full Story
LV Sands Halts Construction in US, Macau
By Brian K. Miller
LAS VEGAS-Work stops for a high-rise condo tower fronting the Las Vegas Strip, the non-casino portion of its project in Pennsylvania and for its Cotai Strip development in Macau.
... Full Story
Harrah’s, Riviera, Pinnacle Talk About Vegas Vex
By Brian K. Miller
LAS VEGAS-All three casino companies suffer a poor third quarter in Vegas and make moves to minimize losses and reassure investors.
... Full Story
MGM Mirage To Cover Citycenter Shortfall
By Brian K. Miller
LAS VEGAS-MGM Mirage and Dubai World each pledge an additional $959 million as planned while MGM agrees to an additional $600 million to cover the current financing shortfall.
... Full Story
LV Sands Breaching Maximum Leverage Ratio
By Brian K. Miller
LAS VEGAS-The casino resort operator, which used a loan from its principal stockholder to maintain compliance in Q3, is considering its options for doing the same in Q4 and beyond.
... Full Story
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