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Hubble Smith Gaming Guru - Page 3Casino developer seeks bonds for project21 April 2008
LAS VEGAS, Nevada --- With Wall Street turning its back on Las Vegas, developers are forced to look for more creative means of financing billion-dollar resort projects.
Elysium Properties, a Nevada corporation, applied in February to the Nevada Department of Business and Industry for the issuance of ... (read more)
Development: Buying into Vegas14 April 2008
LAS VEGAS, Nevada -- Las Vegas has never been short on cash. From the mob to Wall Street, investors have shelled out billions of dollars in a show of faith in the city's gambling-based economy.
These days money is coming more and more from foreign sources.
Last year, Dubai World invested $2.7 billion to gain 50 percent interest in CityCenter and put $2.4 billion into MGM Mirage stock. ... (read more)
Beltway business boom5 March 2008
LAS VEGAS, Nevada -- Crown Ltd. is the latest in a handful of gaming companies that have purchased or leased office space along the Las Vegas Beltway in the southwestern Las Vegas Valley, creating a core development totaling about 1 million square feet.
Crown, controlled by Australian billionaire ... (read more)
Fontainebleau plans viewed with wrath18 October 2007
LAS VEGAS, Nevada -- Turnberry Place residents Robert and Gail Poll are looking for justice, not sympathy.
No doubt, the 23-story parking garage and convention center under construction at Fontainebleau resort is a far cry from the Strip view they bought in Turnberry's first tower in 2001.
But ... (read more)
Rooms with a vroom5 April 2007
LAS VEGAS, Nevada -- Lucky guests at the Plaza and Main Street Station will wander up to their rooms this weekend and realize they've got some of the best seats in town for the inaugural Vegas Grand Prix.
They may have paid as little as $50 for a room that's nearly the equivalent of a trackside VIP suite.
... (read more)
W developer to consider options15 December 2006
LAS VEGAS, Nevada -- Las Vegas-based Edge Resorts, developer of the W Las Vegas on Harmon Avenue, has hired Credit Suisse Group of New York to explore "strategic partnerships" in the $1.7 billion mixed-use project, Edge principal Reagan Silber said.
The 46-acre property is not being listed for sale, ... (read more)
Hard Rock Hotel Stays May Get Costlier15 May 2006
LAS VEGAS, Nevada -- The Hard Rock Hotel is going to get a little pricier, as the new owner intends to grow earnings from $40 million to $50 million a year, the chief executive officer of New York-based Morgans Hotel Group Co. said Friday.
He's going to start by raising room rates, which average ... (read more)
Mergers and Acquisitions: Hard Rock Sold for $770 Million12 May 2006
The Hard Rock Hotel, a pop icon in Las Vegas with its signature neon guitar and concert venue, The Joint, has been sold to New York-based Morgans Hotel Group for $770 million, Hard Rock founder Peter Morton said Thursday.
The sale, pending regulatory approval and other conditions, includes the ... (read more)
Boyd Gaming Acquires Building12 April 2006
Las Vegas-based Boyd Gaming Corp. has bought a four-story,
110,000-square-foot office building at Rainbow Sunset Pavilion, a 25-acre
retail and office park on Rainbow Boulevard, one-half mile north of the
Las Vegas Beltway.
The price of the building was not disclosed. However, a recent report ... (read more)
Celebrity Chef Plans $400 Million Project7 April 2006
LAS VEGAS -- Celebrity chef and entrepreneur Charlie Palmer has always liked the restaurant business because he could see immediate results of his work.
He's going to have to wait a couple of years in his newest endeavor.
Palmer, owner of Aureole at Mandalay Bay and Charlie Palmer Steak at Four ... (read more)
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