Las Vegas Sun

November 29, 2009

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Daily, local business news powered by Las Vegas Sun and In Business Las Vegas.

CityCenter's Veer Towers were recently awarded Leadership in Energy and Environmental Design gold certifications by the the U.S. Green Building Council.
New LEED certifications cement CityCenter's green status
Nov. 27, 2009
All eyes are turned toward CityCenter as the green giant prepares to open next month.

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G2E trots out server-based games (yawn), and little new content
Nov. 27, 2009
How appropriate it was for this year’s Global Gaming Expo at the Las Vegas Convention Center to be parked next door to the International Association of Amusement Parks and Attractions.

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Hint of hope
Nov. 27, 2009
Nevada’s unemployment rate dropped three-tenths of a percentage point in October from the previous month, which is the first monthly decline in four years.

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Fontainebleau retail component seeks bankruptcy protection
Nov. 27, 2009
The retail portion of the idled Fontainebleau Las Vegas casino resort filed for bankruptcy protection Wednesday -- introducing a new set of creditors and controversies to the massive case.

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Fontainebleau Resort on the north end of the Las Vegas Strip is shown under construction.
Contractors make another bid for Fontainebleau
Nov. 26, 2009
Contractors owed hundreds of millions of dollars for work on the Las Vegas Fontainebleau casino-resort moved again Wednesday for the right to take over the project by making a bid for what they're owed, known as a credit bid. Their attorneys filed a motion for credit bidding in Miami's bankruptcy court the same day that Judge A. Jay Cristol signed paperwork approving investor Carl Icahn as Fontainebleau's stalking horse bidder.

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A view of the Las Vegas Strip in October from the Strip's south end.
Las Vegas expecting more visitors this Thanksgiving
Nov. 26, 2009
The Las Vegas Valley is expected to see an increase in Thanksgiving visitors this year, local tourism officials said. The Las Vegas Convention and Visitors Authority is projecting 278,000 visitors will be in town for the holiday weekend, up 3 percent from 2008.

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Planet Hollywood's Westgate Tower.
Harrah's working on plan to take over Planet Hollywood
Nov. 25, 2009
Harrah's Entertainment Inc.'s chief executive officer confirmed to employees Wednesday that the company is interested in acquiring the Planet Hollywood resort on the Las Vegas Strip. In an internal e-mail, CEO Gary Loveman told employees of the company's interest, Harrah's spokeswoman Jacqueline Peterson said.

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Kellogg Media Group files for Chapter 7 bankruptcy
Nov. 25, 2009
Facing stacks of lawsuits over unpaid bills and allegations it deceived advertisers by inflating circulation numbers, Las Vegas tourist magazine publisher Kellogg Media Group LLC voluntarily filed for Chapter 7 bankruptcy liquidation Tuesday.

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Developer General Growth moving subsidiaries out of bankruptcy protection
Nov. 25, 2009
Shopping mall and land development giant General Growth Properties Inc. is working to quickly move hundreds of its subsidiaries out of bankruptcy protection, including several in Las Vegas. The Chicago company, weighed down by $27 billion in debt and hurt by the recession, filed for Chapter 11 bankruptcy reorganization on April 16.

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A standard room in the Golden Nugget's new Rush Tower. The hotel-casino opened the $150 million, 500-room hotel tower on Friday.
Golden Nugget opens $150 million, 500-room tower
Nov. 23, 2009
The Golden Nugget celebrated a milestone Monday for downtown Las Vegas. The hotel-casino had a grand opening celebration for its Rush Tower, the first new hotel tower to be added to the downtown area since Golden Nugget’s Carson Tower opened in 1989.

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Though close to finished, the Fontainebleau may cost another $1.5 billion to complete, on top of $1 billion already owed to lenders.
Carl Icahn offers $156 million for Fontainebleau, outbids Penn National
Nov. 23, 2009
Investor Carl Icahn will be the stalking horse bidder for the mothballed Fontainebleau Las Vegas casino resort, offering $156 million in cash and financing Monday and outbidding Penn National Gaming. During a hearing in Miami's bankruptcy court, Penn National Gaming initially competed with Icahn but then dropped out of the bidding after going as high as $145 million.

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Vegas-based Majestic Star Casino seeks bankruptcy
Nov. 23, 2009
Las Vegas-based Majestic Star Casino LLC filed for bankruptcy protection today in Delaware after defaulting on debt obligations covering its properties in Colorado, Indiana and Mississippi.

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Food workers prepare to serve 400 newly hired employees during the "Day of Delight" event hosted Saturday at the Mandarin Oriental.
CityCenter hotel welcomes new employees with gala
Nov. 22, 2009
One of CityCenter’s properties held a special event Saturday to welcome its 400 new employees. Mandarin Oriental’s Day of Delight included performances by local entertainers and a parade to show fans from all of the properties in the worldwide hotel group.

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Judge in Station Casinos case refuses creditors' request
Nov. 20, 2009
RENO – A federal bankruptcy judge has refused, for the time being, a request by the unsecured creditors of Station Casinos to hire another firm to aid in seeing whether there was any fraud or unsavory dealings in the handling of its finances.

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Joint venture will acquire Hughes Center owner
Nov. 20, 2009
A big nationwide real estate deal announced today includes the high-end, 115-acre Hughes Center office and business complex in Las Vegas. Its owner, Crescent Real Estate Equities Limited Partnership of Fort Worth, Texas, has been taken over by Barclays Capital, part of London-based banking giant Barclays Bank Plc.

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Donaldson on Management Survival Camp

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Listen to associate publisher Debbie Donaldson talk about Management Survival Camp on 970 AM KNUU

In Business TV

Nov. 20

The countdown is on for the opening of MGM Mirage's CityCenter. Plus, the Culinary Union says management, not the recession, is to blame for Station ... Watch »

Nov. 13

The nation's economic recovery skips Nevada. Plus, a local strip club puts the brakes on its controversial stripper mobile. And, is JP Morgan Chase reneging ... Watch »

Nov. 6

Home buyers and job seekers get a helping hand from Washington. Plus, dozens of loan modification companies operating in the state have been told to ... Watch »

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