The jury was asked by Eighth Judicial District Court JudgeElizabeth Gonzalez to determine whether Tamares or the previousowners of the existing Plaza hotel in Las Vegas had proven thatthey had used the name before 1986, which is when the previousowners of the Plaza Hotel had obtained its federal trademarkregistrations. "The answer was no," a source with the Court tellsGlobeSt.com. Online access to the lawsuit has been restricted sinceit went to trial.

"The new Plaza Las Vegas will occupy a magnificent complex in aprime location on the Strip--building on the traditions andheritage of its iconic namesake, the Plaza Hotel in New York,"El-Ad Group president Mike Naftali said in a prepared statement.The 34.5-acre development is currently slated to open in 2012across from Wynn Las Vegas.

El-Ad's $1.25-billion land acquisition for the project of wasfirst announced in May 2007. El-Ad subsequently brought on apartner, Property and Building Corp. Ltd., which is a subsidiary ofTel Aviv-based IDB Development Corp., Israel's largest businessgroup. In March 2008, the joint venture formed for the $8-billionproject, El-Ad IDB Las Vegas LLC, received approvals for its sitedevelopment plan and special use permit from the Clark CountyCommission. At the time, the JV said design completion and thestart of the excavation is scheduled to occur before the end of2008.

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