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Construction on the 24-acre site on the Las Vegas Strip stopped after the project went to bankruptcy court. Fontainebleau is asking the banks to release $656 million in funds so construction can resume.
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Lenders move to seize control of a key piece of real estate on the Las Vegas Strip after plans fell through for an Elvis Presley-themed casino resort.
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Riviera Holdings took another hit after the company announced plans to voluntarily delist its common stock from the New York Stock Exchange.
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For the 16th straight month, gambling on the Las Vegas Strip went down, falling 15.7% in April. Only penny and $100 slot machines showed a gain.
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MGM Mirage is in talks with three investor groups to develop a casino in Taiwan, which is working to allow casino gambling.
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Revenues for the state's nine casinos fell by 9.3% from January through March of this year compared with the first quarter of 2008.
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The gambling industry has staved off the government's threat of a statutory levy by agreeing to provide £15 million over the next three years to tackle addiction.
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John Robison: 
