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Benjamin Spillman Gaming Guru - Page 10General Growth faces financial shortfall11 August 2008
LAS VEGAS, Nevada -- Credit woes that disrupted General Growth Properties' participation in Boyd Gaming's $4.8 billion Echelon resort represent just a small portion of the financial challenges facing the mall company that owns some of the priciest real estate on the Strip.
The Chicago-based ... (read more)
Summerlin Centre mall to be delayed by one year6 August 2008
Nevada -- The sudden halt of the $4.8 billion Echelon resort on the Strip isn't the only major Las Vegas delay facing mall developer General Growth Properties.
The company will also delay development by at least 12 months of its Summerlin Centre project, a mixed-use development that was to open in 2009 ... (read more)
Airport parking fees to increase1 August 2008
LAS VEGAS, Nevada -- Parking fees at McCarran International Airport -- along with charges for cabs, limousines and buses -- are about to go up, as much as 50 percent in some cases.
The Clark County Department of Aviation, at the behest of troubled airlines who argue they pay more than their fair share to run the airport, will increase transportation and parking fees Sept. ... (read more)
Losing their very soles31 July 2008
LAS VEGAS, Nevada -- Sparse foot traffic this week in the Las Vegas Convention Center suggests fewer people than usual made tracks to town for one of the shoe industry's biggest conventions.
Thanks to an economic kick in the shins from increased manufacturing costs and decreased consumer spending, ... (read more)
Unhappy partners, creditors sue Moulin Rouge developers31 July 2008
LAS VEGAS, Nevada -- People trying to revive the former Moulin Rouge casino hotel near downtown Las Vegas will need to overcome more than a blighted neighborhood and battered credit market to succeed.
They're also facing lawsuits from disgruntled business partners and alleged creditors who say Moulin Rouge Development Corp. ... (read more)
McCarran flier count dips 7 percent in June28 July 2008
LAS VEGAS, Nevada -- Passenger counts at McCarran International Airport fell 7 percent in June, another indication that the nation's shaky economy is undermining the leisure travel industry.
About 3.9 million people arrived and departed McCarran for the month, figures released Friday by the Clark County Department of Aviation show. ... (read more)
Allegiant revenue up as fuel costs eat at profit24 July 2008
LAS VEGAS, Nevada -- Las Vegas-based Allegiant Air can't escape sky-high fuel costs but the airline did boost revenue 48 percent to $132 million in the second quarter, in part by scooping up passengers more troubled carriers left behind.
The gain was enough to help Allegiant outrun a 40 percent increase in fuel prices during the past six months, but not by much. ... (read more)
A pause for World Market Center23 July 2008
LAS VEGAS, Nevada -- The World Market building boom in downtown Las Vegas is on hold -- at least for now.
The leader of the largest furniture industry-only showroom west of North Carolina says plans to set a construction date for a 17-story fourth building are being deferred until the end of the ... (read more)
Lights to aid airport safety17 July 2008
LAS VEGAS, Nevada -- Safety systems referred to as "stoplights for pilots" are set for deployment at 20 of the nation's airports, including McCarran International, where close calls known as "runway incursions" are up three-fold since 2000.
The Federal Aviation Administration announced on Monday it ... (read more)
Clark County approves third terminal17 July 2008
LAS VEGAS, Nevada -- Clark County is pushing forward with a $1.8 billion airport expansion in Las Vegas despite pleas to hold off from airlines who fear there won't be enough passengers to justify the cost.
In a letter to leaders of McCarran International Airport, airline officials say the state of ... (read more)
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