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Las Vegas News - Page 569

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Big Las Vegas Mall Owners Merging

Simon Property Group Inc., the world's largest manager of shopping malls, said today it agreed to buy Chelsea Property Group Inc., the biggest U.S. owner of factory-outlet shopping centers, for about $3.5 billion in cash and stock.

Nevadans Not Marketing Gambling in China

Nevada's opening of the first-ever U.S. tourism office in China comes at a price -- the office can't promote the state's No. 1 industry, gambling.

Hey, Hey Do the Postmerger Shuffle

A selection of news and views from inside the industry this week.

Hilton Owner Plans Changes

The new owners of the Las Vegas Hilton say it ‘desperately needs nourishment’ to improve its performance.

Station Helps Workers Buy Homes

Station Casinos Inc., in a joint effort with housing finance giant Fannie Mae, is rolling out a program to help its workers buy homes in an effort by Station to attract and retain employees.

Aruze Wins Nevada Approval

Tokyo-based Aruze Corp. has won a limited slot machine manufacturing license Thursday from the Nevada Gaming Commission.

Caesars Completes Sale of Las Vegas Hilton

Caesars Entertainment, Inc. has completed the sale of the Las Vegas Hilton to an affiliate of Colony Capital, LLC, a Los Angeles-based international private investment firm, for approximately $280 million.

Merging Companies Bet on Convention Strength

As the proposed merger of MGM Mirage and Mandalay Resort Group advances, industry watchers are beginning to wonder what the unified company could do to the big Las Vegas convention industry.

Deal Draws Mixed Reaction From Tourists, Casino Workers

News of the biggest marriage Las Vegas has ever seen -- MGM Mirage's $7.9 billion buyout of Mandalay Resort Group -- drew mixed reactions from tourists and workers this morning.

Las Vegas Businesses Report They're Planning to Add Jobs

Las Vegas area employers expect to hire at a healthy pace during the third quarter, with 30 percent of them saying they plan to increase their work force, a local employment firm reported Tuesday.

Venetian May Scale Back Investment

Executives of the company that built The Venetian hotel-casino on the Las Vegas Strip say planned reforms in Great Britain's gambling regulations could hurt the company's investment there.

Minorities Not United on Merger Possibility

Representatives of Las Vegas minority business communities begin contemplating how the deal would affect opportunities for minority vendors.

Hilton Buyer Gets License Approval from Gaming Board

The Nevada Gaming Control Board, paving the way for the $280 million sale of the Las Vegas Hilton, on Monday gave its approval to granting gaming licenses for buyer Colony Capital.

Light Show: Bright Night on Fremont Street

They say the neon lights are bright on Broadway, but with apologies to singer George Benson, New York's most-bedazzling thoroughfare had nothing on Fremont Street on Monday evening.

Gaming Hall of Fame Induction Held

Phil Satre, chairman of the American Gaming Association and Harrah's Entertainment chairman, spoke during the Gaming Hall of Fame dinner in Henderson on Friday.

Inside Gaming Column: Boyd Buy May be Kerkorian's Plan B

A selection of news and views from inside the industry this week.

Indoctrination Day

Barney Vinson: I was working at the Pioneer Club in Vegas, shilling my life away for $11 a day.

Vegas Visitor Volume Hits Record for April

About 3.2 million people visited Las Vegas in April, a 10.5 percent increase over a year ago and the highest April on record, according to the Las Vegas Convention and Visitors Bureau.

Vegas Carrier Adds Northern California Flights

Allegiant Air announced its second new nonstop round-trip service from Las Vegas in a week, planning flights twice a week to and from Redding, California.

Kerkorian Succession Issue Highlighted by Merger Offer

The succession plan for Kerkorian's 57 percent interest in MGM Mirage is private and experts appear to have little idea who could end up controlling the casino company in the event he passes away.

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