Las Vegas News - Page 618

One day after the Castaways' owners filed for Chapter 11 bankruptcy protection from its creditors, its biggest creditor came out swinging.

The Venetian's new 1,013-room Venezia tower, which opened this week, is expected to cut the Strip resort's overhead cost per room by as much as 12 percent, an analyst predicted Friday.

The two 34-year-olds who announced their deal to buy downtown's venerable Golden Nugget said Thursday they can't wait to try their hand at running the hotel-casino.

Castaways lawyers on Thursday filed for Chapter 11 bankruptcy protection from its creditors, and a federal bankruptcy judge allowed the Fremont Street property to borrow an additional $1 million in order to keep its doors open.

The Sahara agreed Wednesday to drop its eviction action against Dyer Ventures Inc., owner of the NASCAR Cafe entertainment complex on the Strip-side of the hotel.

The Castaways may file for bankruptcy protection from its creditors today if it is not able to settle a dispute with a lender on an overdue payment on a $20 million mortgage loan, sources said Wednesday.

The long-simmering dispute between the Tropicana and its 1,400 Culinary Union members has been settled, hotel and union representatives announced.

Wynn Las Vegas resort is adding construction workers at a pace of about 100 every week, with the current total about 1,100, Steve Wynn said Tuesday.

In a move to create stronger international brand recognition for upcoming casinos, gaming magnate Steve Wynn is bidding adieu to the name Le Reve and has instead rechristened his multi-billion-dollar Strip resort Wynn Las Vegas.

Former Caesars World Chairman Henry Gluck is returning to the gambling industry to assist in the revitalization of the Aladdin resort

A federal bankruptcy judge Friday refused to accept offers from other interested bidders, effectively approving Planet Hollywood's $635 million offer to buy the bankrupt Aladdin.

The Venetian opened a $45 million expansion of its Sands Expo and Convention Center Thursday, increasing the megaresort's total meeting room area to 1.9 million square feet and boosting Las Vegas' convention role in the United States.

One of the two men charged with first-degree arson in the fire that destroyed the historic Moulin Rouge casino was out on bail today and had returned to his apartment near the casino, worrying area residents.

The restaurant business is taking a cue from casinos in remaking itself as an industry that can cater to a customer's every dining and entertainment whim, panelists said at a hotel and restaurant conference in Las Vegas Thursday.

The Industrial Technical and Professional Employees union has lost a second election to represent workers at Randy Black Sr.'s three Mesquite casinos -- Oasis, Casablanca and Virgin River.

The Aladdin is one step closer to becoming Planet Hollywood by Sheraton after the property's bankers and bosses on Thursday refused to qualify any of the four other groups that made offers to buy the bankrupt resort.

The Nevada Gaming Commission Thursday unanimously approved a $5 million fine to end the state's civil case against The Mirage for failing to file almost 15,000 federal anti-money laundering reports in 2001 and 2002.

The Aladdin's future remained in doubt late Wednesday, more than 24 hours after the deadline for additional bidders to submit their proposals to buy the bankrupt the megaresort.

Delta Air Lines' new low-fare subsidiary Song Airlines will offer daily nonstop service between Las Vegas and Boston and between Las Vegas and New York beginning in the fall.

More tourists are continuing to travel domestically rather than take international trips, a trend that will help Las Vegas as it continues to recover from the Sept. 11 terrorist attacks as well as the smaller slump after the war in Iraq, a tourism expert says.