SAHARA Las Vegas News - Page 14

Eldorado Resorts' acquisition of MGM's holdings in Reno for $72.5 million will give the company a 32% share of the hotel rooms in the city.

The partially built nine-story, 200-room project will not receive $25 million in subsidies from the city.

The Las Vegas hotel-casino has now lost more than $122.7 million in the first nine months of 2015.

The Las Vegas Monorail opened in 2004, but CEO Curtis Myles says extending the track to take people to the airport is a move too risky and expensive to undertake any time soon.

Other than SLS and Circus Circus, the north section of Las Vegas Boulevard is a mix of small retail malls, empty land, unfinished developments and closed properties.

The hotel company will take over one of three hotel towers at the SLS and convert it into the W Las Vegas, which will open by September 2016.

The Nevada Gaming Control Board gave Sam Nazarian temporary approval to sell his 10% stake to Stockbridge Capital Partners.

The hulking, unfinished resort has been an eyesore on the Strip for six years, but county commissioners could soon use a procedural move to force the owners to put up a giant cosmetic "wrap."

Richard Velotta gets a ride with each of the three transit options from the SLS Las Vegas to the Clark County Government Center and back.

Sam Nazarian is selling his 10% stake to Stockbridge Capital Partners, which owns the other 90% of the resort, to give the struggling casino more flexibility.

The ride-hailing company did not have its signature demand-based pricing scheme in effect when it illegally operated in Nevada last year.

At the end of its first year of operation, the casino is cut off from Strip walk-in traffic and is rapidly losing money.

The hotel-casino project is planned for the former New Frontier site.

While the casino is currently operating at negative cash flow, its officials believe it is planning wisely and on the path to getting back on its feet.

The family orientation of Circus Circus has made it a popular destination for Hispanic gamblers, something MGM hopes to build on in the next few years.

Reports from the valets are split on whether the majority of the valets favor the union, and the workers have drafted a petition in an attempt to force a vote.

The union says it will resume picketing if it cannot organize the casino's valet parking employees.

The 201-room hotel will be designed to appeal primarily to middle-income Asian tourists, featuring games popular in Asia and an Asian-influenced architectural style.

The Teamsters Local 986 claims the casino has blocked its valet parking attendants from forming a union and committed unfair labor practices.

The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.