Sun archives Headlines from the Vegas gaming industry Sun coverage Oct. 9, 2008 — Court: Wynn dealers must share tips with supervisors The financial whirlwind swirling down Wall Street and the Las Vegas Strip won’t affect Wynn Resorts nearly as much as his big competitors, Steve Wynn said this morning. Wynn said that the financial ...
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Sun archives Headlines from the Vegas gaming industry Sun archives MGM Mirage press release on CityCenter financing MGM Mirage press release on amended credit agreement It wasn’t that long ago that Wall Street was criticizing Steve Wynn, who then owned Mirage Resorts, for spending money like a drunken sailor. At a time that dictates extreme caution, ...
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It takes more than skill to survive on the Strip, especially now with business plans and financing deals imploding like so many old hotels.
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The smart money on Wall Street says developers won’t be financing resorts that aren’t already far along in the construction process – at least not until banks have had a few years to recover from The Great Bad Mortgage Purge of 2008.
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At a bankruptcy auction in 1987, local real estate broker David Atwell was lucky enough to represent a Japanese billionaire who entered the winning bid of $157 million for the Dunes hotel.
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While the major casinos are doing a bang up job attracting visitors to Las Vegas with big discounts and other perks, their slot business continues to suffer. And that’s bad news for Nevada, where slots make up about two thirds of the state’s gaming revenue.
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Sun archives Headlines from the Vegas gaming industry When MGM Mirage took longer than expected to secure bank financing for CityCenter, many saw their doubts that the $9.2 billion city-within-a-city would be finished on time, if at all, confirmed. That was an overreaction, though perhaps the doubters can be forgiven based on the ...
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Blog Vegas Happens Here: Why 40/40 @ Palazzo Was A Bad Idea African-American members of the Nevada legislature and other leaders in the Nevada black community say they are surprised and disappointed by racially tinged comments posted by a Las Vegas blogger who freelances for several major American newspapers. In a blog ...
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Indian casinos nationwide generated 5 percent more gambling revenue in 2007 than the previous year in spite of an economic slowdown that began to take effect in the fourth quarter of last year, according to a report released today.
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A month ago, investors panicked over news that Nevada’s gambling revenue in May plummeted 15 percent to its lowest level in 11 years while Strip gambling revenue fell 16 percent.
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