 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Arnold M. Knightly Archives
More Strategy Experts
|
Arnold M. Knightly Gaming Guru - Page 7New Year's Eve provides Vegas a boost30 December 2009
LAS VEGAS, Nevada -- Maybe it's because it's on a Thursday, or maybe it's just because people are feeling more upbeat about the economy.
Whatever the reason, this New Year's Eve is boosting Las Vegas hotel operators' spirits because of higher occupancy rates at higher room rates than last ... (read more)
Hard Rock Hotel granted loan extension29 December 2009
LAS VEGAS, Nevada -- The Hard Rock Hotel announced Monday it has been granted an extension until 2014 on maturity dates for $1.1 billion in commercial mortgage-backed securities.
New York-based hotelier Morgans Hotel Group, the property's minority owner and manager, announced the extension as the ... (read more)
Bankruptcy filings drop month to month in Nevada28 December 2009
LAS VEGAS, Nevada -- Nevada bankruptcy filings in November were the fewest recorded in the state since February and a sharp decrease from the number filed in October.
But it is too soon, according to a local bankruptcy attorney, to conclude from month's data that the state has peaked for bankruptcy ... (read more)
Committee tells Station Casinos to just say no28 December 2009
LAS VEGAS, Nevada -- A special committee of Station Casinos board directors recommended Tuesday that the company refuse demands by some creditors to recharacterize a master lease used to help fund the buyout tied to four casinos to a creditor status. Any attempts by creditors to do so will be unsuccessful ... (read more)
Planet Hollywood, Hard Rock open new towers28 December 2009
LAS VEGAS, Nevada -- Only in Vegas would new hotel towers continue to open during a deep recession.
Less than two weeks after the debut of the mammoth Aria at CityCenter, two more casino properties are opening new hotel towers Monday that will add 1,575 more rooms to a market that's straining to fill ... (read more)
Boyd Gaming amends bank deal22 December 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. announced Monday that it has amended its bank agreement to improve its financial flexibility to pursue "growth opportunities" including acquiring Station Casinos.
"While not required by our lenders, this amendment provides us with enhanced flexibility and ... (read more)
Boyd sweetens bid for Station17 December 2009
LAS VEGAS, Nevada -- Boyd Gaming Corp. sent another message Tuesday that it intends to be a serious player in Station Casinos' bankruptcy by offering $2.45 billion .
Boyd is offering $2.45 billion in cash and assumed debt for all 18 of Station's casinos, some land and other assets, a Tuesday filing with ... (read more)
Sahara closing some towers16 December 2009
LAS VEGAS, Nevada -- The Sahara has closed two of its three hotel towers for the winter season because of low demand, but the casino and other attractions will remain open, a property spokeswoman confirmed.
"Two towers of the Sahara Hotel will remain dark based on demand through the holiday winter," an e-mail statement said late Monday. ... (read more)
Mandalay Bay nightclub under scrutiny16 December 2009
LAS VEGAS, Nevada -- The owners of the embattled Privé nightclub at Planet Hollywood Resort will ask a judge today to enforce a lease agreement for a new nightclub in Mandalay Bay's retail center, Mandalay Place.
Owners of The Rose Cocktail Lounge claim in a lawsuit filed Dec. 3 in Clark County ... (read more)
CityCenter might siphon business from Strip14 December 2009
LAS VEGAS, Nevada -- CityCenter has gotten lots of glowing press about its design and amenities since the $8.5 billion project began opening this month.
Predictions about how well the 5,800-room mixed-use project will attract new customers to Las Vegas are a bit more dour, though.
In a report looking ... (read more)
< Previous 10 Articles | Next 10 Articles > |