SAHARA Las Vegas News - Page 16

To herald the opening date, a countdown will begin Tuesday morning on the north Strip resort’s new marquee.

The mixed-use property, which is owned by Chief Executive Officer of SBE Entertainment Sam Nazarian and has more than 1,600 guest rooms and suites, is expected to be completed by fall of 2014.

“The most important economic data points are all trending in the right direction,” says Station Casinos Chief Financial Officer Marc Falcone, who spent more than a decade as a Wall Street analyst. “The only place we’re not seeing it is in gaming revenue.”

Hakkasan Group announced Wednesday it will close the nearly 10-year-old club May 26 for an extensive renovation and expansion that will open in 2015.

In April, the company reported a 66 percent decline in earnings and a 15 percent decline in net revenue for the second quarter.

The mixed-use property, which is owned by Chief Executive Officer of SBE Entertainment Sam Nazarian and has more than 1,600 guest rooms and suites, is expected to be completed by fall 2014.

By the end of the year, Las Vegas will have about a half-dozen hotel-casinos that operators classify as “boutique,” “luxury” or “lifestyle” in their marketing efforts.

The $415 million SLS Las Vegas will become part of the Preferred Hotels & Resorts guest loyalty program, which includes a worldwide collection 450 of independent hotels and resorts.

SBE Entertainment CEO Sam Nazarian, owner of the Las Vegas Strip property, announced opening plans for Labor Day weekend.

The mixed-use property, which is owned by the CEO of SBE Entertainment, Sam Nazarian, and has more than 1,600 guest rooms and suites, is expected to be completed by fall 2014.

Los Angeles-based SBE Entertainment on Wednesday said it partnered with William Hill to operate the race and sports book inside the reconfigured casino, which is rising from the remnants of the former Rat Pack-era Sahara.

The work was just a small part of the ongoing renovation project, which also calls for stripping down and remodeling two of the property’s three hotel towers and demolishing a low-rise hotel building.

Many of us long for the days when hotel-casino names on the Strip were Stardust, Sahara, Frontier, International, Barbary Coast, Aladdin, Dunes and Imperial Palace. OK, maybe not so much Imperial Palace.

The company plans to unveil the 1,620-room SLS Las Vegas in fall 2014.

Los Angeles-based SBE Entertainment has secured the last piece of the $415 million in financing needed to transform the Strip resort into the SLS Las Vegas.

SBE Entertainment will announce today a deal to give the Fred Segal chain an exclusive hold on the SLS retail business.

When the Sahara's doors close, it will mark the end of a long and storied history in Strip entertainment.

The Sahara's final guest checks out at around noon on Monday. The nearly 60-year-old Strip resort will cease operations two hours later, a victim of both the recession and of progress.

Former owner of the Sahara Paul Lowden reminisces about his time running the iconic Vegas strip casino, and plans one last dinner at its famous House of Lords steakhouse before the casino closes its doors for good.

Monday’s closing of the Sahara will put almost 400 employees out of work. SBE Entertainment is providing Sahara workers with severance pay based on years of service.