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Fontainebleau Las Vegas News - Page 12

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Fontainebleau builder says it's protected from paying severance

Construction superintendent claims he’s not being paid under separation agreement terms.

Banks say Fontainebleau faces huge liabilities

A group of banks being sued by Fontainebleau Las Vegas say the Strip resort's debt levels would far exceed its market value if it opens next year.

Fontainebleau files motion to leave offices

Employees at Fontainebleau Las Vegas have moved into new offices in the city.

Fontainebleau fires back, outlines bank dispute

Attorneys for the Fontainebleau Las Vegas resort leveled new allegations Wednesday against banks that terminated funding for the $2.9 billion hotel-casino.

Court filings shed light on Fontainebleau financing

Banks say project’s worth would be much less than financing costs.

Practice of building before designs are done hits wall at Fontainebleau

Speedy construction comes with consequences that help explain bankruptcy court filing by the Fontainebleau resort.

Site first fight for LV resort

The creditors for Fontainebleau Las Vegas want its restructuring case moved from Miami to Las Vegas.

More subcontractors accuse Fontainebleau of failing to pay for work

Two more Fontainebleau subcontractors have sued the resort's general contractor, charging it has wrongly failed to pay them for their work on the Las Vegas resort.

Fontainebleau subcontractors want bankruptcy case moved

Motion filed to move case from Miami to Las Vegas.

Fontainebleau subcontractors say contractor conflicted

Subcontractors seek committee to protect their interests.

Judge orders mediation for Fontainebleau, banks

A bankruptcy judge has ordered Fontainebleau and banks it is suing to enter mediation in hopes of resolving their disputes.

Businesses file suits claiming Fontainebleau bills went unpaid

Fontainebleau casino resort tries to reorganize its finances in Miami, as lawsuits over unpaid bills for the project are accumulating in Las Vegas.

Lenders: Cost overruns led to Fontainebleau loan default

Bank lenders publicly disclose why they declared Fontainebleau in default on its construction loan and shut off funding.

Construction halted on Fontainebleau Las Vegas

Constuction on the 24-acre site will be halted while the project is in bankruptcy court.

Australian company writes off Fontainebleau ownership interest

Australian casino resort company writes off its $250 million, 19.6 percent ownership interest in the now-bankrupt Fontainebleau resort development.

Outlook for Fontainebleau slides from bad to worse

Company needs cash — and a leader — at a most difficult time.

Fontainebleau developer lays off 40 employees

The company developing the $2.9 billion Fontainebleau Resort in Las Vegas has laid off about 40 people.

Company ownership idea seeks to spur investment

A proposal to allow institutional investors to own up to 25 percent of a Nevada gaming company without undergoing background checks aims to encourage investment in Nevada casinos.

Fontainebleau work will not stop despite layoffs

Work on the $3.1 billion Las Vegas project will not stop despite layoffs and furloughs last week.

Financing problems lead to Fontainebleau layoffs

Contractors on the $3.1 billion Fontainebleau Las Vegas project have been laying off workers after a cutoff of financing.

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