Las Vegas News - Page 274

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts predict that The Mirage could sell for between $1 billion and $1.5 billion.

The first trees have been planted at the simply named Park, an MGM Resorts project that aims to provide a cool, natural refuge in the urban Strip.

Las Vegas saw 3.6 million visitors last month, a 2.4 percent increase year-over-year.

Ivory Gaming founder Christian Goode sees opportunity in overseeing the reopening of the Chukchansi Gold Resort & Casino near Fresno.

The county requires cabanas to be made of non-combustible materials and placed at least 20 feet away from any fuel-fired equipment.

The recent spate of closings at the beleaguered condo tower, which was built right before the recession hit, is the result of lavish upgrades, an innovative lending strategy and optimism about the prospects for the downtown area of the city.

The incident caused "way over" $5,000 worth of property damage and prompted an MGM spokeswoman to remind guests that the fountains are "not a swimming pool."

The fire shut down the Strip for about an hour and forced the partial evacuation of the Cosmopolitan.

The changes scrubbed away any remnants of the Strip resort's life as the Imperial Palace and the Quad.

While REITs are a popular investment choice for casinos, Boyd has repeatedly stated that it will not comment on the possibility of forming one until it has definitive plans.

Poker Central's high-rolling celebrity poker tournament, which will air on NBCSN, pits movie and TV stars against some of the most well-respected names in poker.

While the company did still turn a profit, it reported a 19.4 percent decline in revenues and a 30.1 percent decline in profits from last quarter.

Several bars, restaurants and clubs have shut down recently in Las Vegas's revitalizing downtown core.

Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.

Analysts expect MGM to announce a new strategic plan soon, and an interview with Jim Murren indicates that it is likely to include spinning off part of the company into a real estate investment trust.

Las Vegas regulators are working to clarify and define the legal space that the short-term home rental service occupies and balance competing interests from hosts, guests, hosts' neighbors and the hospitality industry.

Las Vegas hotels are working to accommodate Californian visitors trapped inside or outside Vegas as firefighters work to control the blaze.

The $100 million theater is the latest in a line of nongaming developments MGM is investing in at its nine Strip resorts.

The newly formed Southern Nevada Tourism Infrastructure Committee is a yearlong project to determine how best to develop the area's tourism infrastructure and ensure it remains a premier tourist destination.

The Riviera, which is slated for eventual demolition, has been put to use as a temporary training ground for several local, state and federal law enforcement agencies.