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After foreclosure, Greek Isles casino has new owner

19 August 2009
LAS VEGAS, Nevada -- The Greek Isles hotel-casino in Las Vegas has a new owner now that it has been foreclosed on. Clark County records show Canpartners Realty Holding Co. IV LLC became the owner of the property last week, buying it with a credit bid of $47 million during foreclosure proceedings -- far ... (read more)
 

Greek Isles owners suggest property might be sold

19 August 2009
LAS VEGAS, Nevada -- The new owners of the Greek Isles Hotel and Casino on Wednesday said they plan to keep the Las Vegas property open while they assess its future. Canpartners Realty Holding Co. IV LLC assumed ownership of the property last week, foreclosing on it for $47 million, Clark County records ... (read more)
 

Hilton's earnings tumble in second quarter

17 August 2009
LAS VEGAS, Nevada -- The decline in visitation to Las Vegas this spring hurt business at the Las Vegas Hilton, which sustained a loss for the second quarter ended June 30. The 3,174-room Paradise Road property is owned by affiliates of Los Angeles investment group Colony Capital and other investors. ... (read more)
 

Fontainebleau's suit against lenders moved from bankruptcy court

5 August 2009
LAS VEGAS, Nevada -- Major bank lenders to the Fontainebleau Las Vegas hotel-casino have won a tactical victory in their legal dispute with the bankrupt resort. U.S. District Judge Alan Gold in Miami has granted the banks' motion to move Fontainebleau's lawsuit against them from the bankruptcy ... (read more)
 

Kickbacks from adult clubs to cab drivers spur legal battle

5 August 2009
LAS VEGAS, Nevada -- Several Las Vegas taxi companies and adult clubs are firing back in a lawsuit over commissions topless and nude clubs pay to cab drivers for bringing them customers, and both sides appear to be digging in for a long legal fight. On June 2, attorneys filed a lawsuit seeking ... (read more)
 

Vegas downturn weighs on MGM Mirage earnings

3 August 2009
LAS VEGAS, Nevada -- MGM Mirage's Las Vegas customers spent considerably less in the second quarter, a decline contributing to a quarterly loss by the hotel-casino operator. With the recession reducing travel and discretionary spending worldwide, MGM Mirage responded in the quarter with lower room rates ... (read more)
 

Steve Wyrick files lawsuit over failed July 4 stunt on Strip

29 July 2009
LAS VEGAS, Nevada -- Magician Steve Wyrick is blaming a pyrotechnics supplier for a fire that broke out during a July 4 performance in Las Vegas, injuring a crew member and causing the failure of a high-profile trick. Wyrick and his company Wyrick Magical Productions Inc. filed suit Friday in ... (read more)
 

Tropicana in two courts to keep 'Tropicana' name free

22 July 2009
LAS VEGAS, Nevada -- The new owners of the Tropicana hotel-casino in Las Vegas moved Monday in two courts to assert their rights to use the "Tropicana" name without paying millions of dollars in licensing fees. In a lawsuit in Clark County District Court, and a filing in U.S. Bankruptcy Court in Delaware, ... (read more)
 

Landlords allege Four Queens owner behind on rent

15 July 2009
LAS VEGAS, Nevada -- Downtown Las Vegas casino owner TLC Casino Enterprises has been sued by another group of landlords alleging it's behind on rent payments for its Four Queens hotel-casino. The suit filed Friday brings to at least four the number of cases pending in Clark County District Court pitting ... (read more)
 

Fontainebleau builder says it's protected from paying severance

15 July 2009
LAS VEGAS, Nevada -- Fontainebleau Las Vegas casino-resort builder Turnberry West Construction has not filed for bankruptcy protection -- but it's claiming to be protected from creditors anyway. That's what one Turnberry executive has told a creditor, according to documents in a newly filed ... (read more)

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