Las Vegas Review-Journal
Thursday, June 21, 2007
Wednesday, June 20, 2007
Monday, June 18, 2007
Business Press item
UP FOR SALE -- While Edge Resorts is out seeking offers and weighing options for the 50 acres of land on Harmon Avenue, another large parcel of land owned by the company has sat quietly for months with a "For Sale" sign planted in the ground.
Edge also owns 62 acres west of Interstate 15 and the Mandalay Bay and has been advertising its sale for the past few months.
According to Edge Resorts spokeswoman Maggie Feldman, while the group is still trying to figure what direction to go with the Harmon parcel - sell outright or develop new partnerships - the company is just looking to sell the I-15 parcel.
The W Las Vegas mixed-use project slated for the Harmon land was canceled May 11 after minority partner Starwood Hotels and Resorts Worldwide pulled out of the project.
Edge also owns 62 acres west of Interstate 15 and the Mandalay Bay and has been advertising its sale for the past few months.
According to Edge Resorts spokeswoman Maggie Feldman, while the group is still trying to figure what direction to go with the Harmon parcel - sell outright or develop new partnerships - the company is just looking to sell the I-15 parcel.
The W Las Vegas mixed-use project slated for the Harmon land was canceled May 11 after minority partner Starwood Hotels and Resorts Worldwide pulled out of the project.
NEVADAN AT WORK: Former Strip casino executive turns to role with nonprofit organization
Las Vegas Review-Journal
Sunday, June 17, 2007
Inside Gaming Column item
Cannery Casino Resorts co-owner Bill Paulos said Pennsylvania's high gaming tax rate prevents developers from investing heavily in casino projects there.
The Las Vegas-based gaming company opened a $50 million temporary racino 25 miles southwest of Pittsburgh last week and is building a $155 million permanent facility.
The state receives a 54 percent tax from gross gaming revenues but the burden to operators is closer to 60 percent when figuring in fees paid to local county and city governments.
"Many of the jurisdictions don't realize that sometimes by charging less taxes they'll get more out of it," Paulos said. "We would have certainly invested more money in building a facility but you just can't get a return on investment."
Las Vegas Review-Journal
The Las Vegas-based gaming company opened a $50 million temporary racino 25 miles southwest of Pittsburgh last week and is building a $155 million permanent facility.
The state receives a 54 percent tax from gross gaming revenues but the burden to operators is closer to 60 percent when figuring in fees paid to local county and city governments.
"Many of the jurisdictions don't realize that sometimes by charging less taxes they'll get more out of it," Paulos said. "We would have certainly invested more money in building a facility but you just can't get a return on investment."
Las Vegas Review-Journal
Wednesday, June 13, 2007
Tuesday, June 12, 2007
A MANOR OF SPEAKING: Designer alters spaces to say 'rock 'n' roll' at Hard Rock Hotel
Las Vegas Review-Journal
Monday, June 11, 2007
Business Press item
UNWANTED BUSINESS: Hey you! Frat kid hauling that cooler of beer to your room with your buddies in tank tops and flip flops, the Hard Rock Hotel is not interested in your business any longer.
Executives from Morgans Hotel Group and the Hard Rock made that point crystal clear during a media presentation June 2 discussing upcoming renovations and other operational changes for the property.
The New York-based boutique hotel operator closed on the $770 million purchase of the Hard Rock Hotel in early February and announced a $600 million renovation in March.
The company said the property has been running at 96 percent occupancy the first few months of ownership but will slowly shift its customer base more toward its boutique hotel customer base.
That includes pricing out those frat boys for a more financially sophisticated customer.
Las Vegas Business Press
Sunday, June 10, 2007
Inside Gaming Column item
Station Casinos opened Sunset Station in Henderson 10 years ago today against a backdrop of uncertainty about the company's future.
At the time, management was battling Missouri regulators and the company's stock price was fluctuating between $8 and $9 per share.
Today, Station Casinos is building its 16th property and is being taken private for $90 a share.
Las Vegas Review-Journal
At the time, management was battling Missouri regulators and the company's stock price was fluctuating between $8 and $9 per share.
Today, Station Casinos is building its 16th property and is being taken private for $90 a share.
Las Vegas Review-Journal
Saturday, June 09, 2007
Friday, June 08, 2007
Sunday, June 03, 2007
Sunday column item
Miami-based developer Masoud Shojaee obtained use permits from Clark County in May to build a large mixed-use development north of McCarran International Airport on the site of the former Tropicana Mobile Home Park.
The yet-to-be-named project is approved for a hotel-condominium-casino with five towers ranging in height from 240 feet to 500 feet.
The 37-acre site on Tropicana Avenue and Koval Lane was bought in May 2005 for $120 million by Shojaee through Alkimya Investments, his Nevada holding company. Shojaee is president of Shoma Development Corp., a residential builder in south Florida.
Las Vegas Review-Journal
Saturday, June 02, 2007
Friday, June 01, 2007
Sunday, May 27, 2007
Sunday column item
Station Casinos is expected to pursue its Durango Station project after completing the $600 million Aliante Station in North Las Vegas in 2008.
The project near Rhodes Ranch has gained Clark County approvals, including permission on May 16 to begin early grading on the 71-acre site.
Durango Station is expected to have 400 hotel rooms and a 120,000-square-foot casino.
Station Casinos also owns 337.9 acres at 10 potential sites in the Las Vegas Valley and 100 acres in Reno.
Las Vegas Review-Journal
The project near Rhodes Ranch has gained Clark County approvals, including permission on May 16 to begin early grading on the 71-acre site.
Durango Station is expected to have 400 hotel rooms and a 120,000-square-foot casino.
Station Casinos also owns 337.9 acres at 10 potential sites in the Las Vegas Valley and 100 acres in Reno.
Las Vegas Review-Journal
Saturday, May 26, 2007
Tuesday, May 22, 2007
Monday, May 21, 2007
Sunday, May 20, 2007
Sunday column item
While announcing the company's $704 million Margaritaville development in Biloxi, Miss., Harrah's Chief Executive Officer Gary Loveman said that Las Vegas expansion is still on his company's radar.
Harrah's owns seven Strip properties and large land holdings along Koval Lane.
"I'm not sure you'll hear about it in one fell swoop," he said. "But you'll hear about it incrementally fairly soon."
Las Vegas Review-Journal
Harrah's owns seven Strip properties and large land holdings along Koval Lane.
"I'm not sure you'll hear about it in one fell swoop," he said. "But you'll hear about it incrementally fairly soon."
Las Vegas Review-Journal
Friday, May 18, 2007
Thursday, May 17, 2007
Wednesday, May 16, 2007
Tuesday, May 15, 2007
Monday, May 14, 2007
Saturday, May 12, 2007
Thursday, May 10, 2007
Wednesday, May 09, 2007
Tuesday, May 08, 2007
Saturday, May 05, 2007
Thursday, May 03, 2007
Tuesday, May 01, 2007
Sunday, April 29, 2007
Saturday, April 28, 2007
Thursday, April 26, 2007
Tuesday, April 24, 2007
Saturday, April 21, 2007
Wednesday, April 18, 2007
Monday, April 16, 2007
NEVADAN AT WORK: What gets thrown away occupies days for trash-collection company engineer
Las Vegas Review-Journal
Saturday, April 14, 2007
Friday, April 13, 2007
Tuesday, April 10, 2007
Sunday, April 08, 2007
Friday, April 06, 2007
Thursday, April 05, 2007
Wednesday, April 04, 2007
Monday, April 02, 2007
Saturday, March 31, 2007
Friday, March 30, 2007
Wednesday, March 28, 2007
Sunday, March 25, 2007
Thursday, March 22, 2007
Picking up the slack: Riviera sees increase in profits after nearby Strip properties close
Las Vegas Review-Journal
Sunday, March 18, 2007
Saturday, March 17, 2007
Friday, March 16, 2007
Wednesday, March 14, 2007
Tuesday, March 13, 2007
Friday, March 09, 2007
Wednesday, March 07, 2007
Saturday, March 03, 2007
Friday, March 02, 2007
Thursday, March 01, 2007
Wednesday, February 28, 2007
Tuesday, February 27, 2007
Sunday, February 25, 2007
Saturday, February 24, 2007
Friday, February 23, 2007
Thursday, February 22, 2007
Saturday, February 17, 2007
Going Hollywood: Renovations are fueling Aladdin's identity change to Planet Hollywood
Las Vegas Review-Journal
Friday, February 16, 2007
Wednesday, February 14, 2007
Tuesday, February 13, 2007
Monday, February 12, 2007
Monday, February 05, 2007
Saturday, February 03, 2007
Friday, February 02, 2007
Monday, January 29, 2007
Wednesday, January 24, 2007
Monday, January 22, 2007
Monday, January 15, 2007
NBA is on the case: All-Star Game could produce a lot of fakes
Las Vegas Business Press (Front Page)
Thursday, January 11, 2007
Monday, January 08, 2007
Friday, January 05, 2007
Thursday, January 04, 2007
Wednesday, January 03, 2007
Monday, January 01, 2007
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