Fontainebleau Las Vegas News - Page 11

Before the economy tanked and the Strip's building boom went bust, the development of multibillion-dollar hotel-casino projects centered on Las Vegas. Now those resorts are being built elsewhere.

Analysts don't expect Las Vegas or other U.S.-based gaming markets to experience the growth projected for Macau or Singapore. But the industry is cautiously optimistic that 2012 could be a bridge to stronger results in 2013.

The Sahara was forced to close its doors six months ago but a remodeling plan was approved unanimously Wednesday by the Clark County Commission.

Forbes magazine released its list of the world's billionaires Wednesday, and 16 of those billionaires live or do business in Las Vegas.

A number of major casino projects in Las Vegas, including the Fontainebleau, are sitting dormant after construction was halted due to costs.

Billionaire corporate raider Carl Icahn completed a $150 million purchase of the unfinished Strip development late Thursday.

The Pennsylvania-based company is still interested in operating a Strip hotel-casino after losing out on the Fontainebleau project.

Luke Brugnara, the former owner of the Silver City Casino who emerged as a bidder for the bankrupt Fontainebleau, has pleaded guilty to filing false tax returns.

Billionaire investor Carl Icahn's earned one of Las Vegas's best bargains when he was named the winner of the auction for the bankrupt Fontainebleau Las Vegas.

A report filed in U.S. Bankruptcy Court in Miami says that billionaire Carl Icahn submitted the only qualified bid for the Fontainebleau project in Las Vegas.

Luke Brugnara, who was denied a gaming license by Nevada casino regulators in 2001, said he would pay up to $200 million for the bankrupt Fontainebleau project.

Penn National Gaming will submit not bid for the shuttered Fontainebleau project in a planned bankruptcy court auction next week.

A number of stories in 2009 will play a major factor in how 2010 unfolds, including the opening of CityCenter in Las Vegas.

Carl Ichan outbid Penn National Gaming for the bankrupt Fontainbleau project on the Las Vegas Strip.

Penn National Gaming has asked a federal bankruptcy court in Miami to approve the company as the stalking horse bidder for the shuttered Fontainebleau project.

The casino operator wants to acquire the bankrupt Fontainebleau project if it makes financial sense.

U.S. Bankruptcy Judge A. Jay Cristol said he wants to keep the developer involved in the case, but wants a sale of the stalled Strip project to proceed quickly.

Penn National is still interested in the stalled Strip Resort but is offering less than $300 million.

The Fontainebleau Las Vegas bankruptcy judge is pushing for a quick sale of the stalled, partially-completed $2.9 billion casino resort on the Las Vegas Strip.

Rather than buy into companies, investors mull buying up debt — with chance of calling shots.