The Fontainebleau is no more. Call it The Drew Las Vegas. The hulking, bluish casino-resort, which has sat unfinished on the Las Vegas Strip since 2009 and became a poster child of the Great Recession, is now ...
The Witkoff company said today in a statement that it had “identified numerous ways to unlock the significant underlying value of the property,” only referring to the property by its address and ...
Contractors rather than banks are entitled to receive a $100 million payout from the Fontainebleau Las Vegas bankruptcy case, the Nevada Supreme Court said in an opinion today.
Glenn Schaeffer, a top Nevada casino executive in the mid-2000s, has been sued over allegations he failed to disclose all of his assets in a bank short-sale request.
A state judge refused Wednesday to dismiss much of a lawsuit charging the developer of the stalled Fontainebleau casino resort in Las Vegas hid cost overruns.
With potentially $700 million in damages at stake, it was little surprise when 23 attorneys packed into a Las Vegas courtroom Monday to argue about whether a fraud lawsuit could continue over the failed $2.9 billion Fontainebleau Las Vegas casino resort.
Heavy hitters in the worldwide casino and real estate industries have flooded a Nevada court with legal briefs denying they’re responsible for the failure of the $2.9 billion Fontainebleau Las Vegas casino resort development.
The bankruptcy trustee for the stalled $2.9 billion Fontainebleau Las Vegas casino-resort on Wednesday sued its developer, Miami executive Jeff Soffer, claiming he and others are responsible for the failure of the project and losses sustained by creditors.
A representative of the owner of the Fontainebleau property told gaming regulators Wednesday that there’s still no plan to complete construction of the dormant 68-story building.
Penn National Gaming Chief Financial Officer Bill Clifford said Tuesday his company over-anticipated CityCenter’s effect on the Las Vegas market when it backed out of bidding for the stalled Fontainebleau project on the Strip.
Three pieces of news emerged today about the massive, unfinished Fontainebleau casino resort on the Las Vegas Strip. Today's disclosures by one of Icahn's companies, Icahn Enterprises L.P. of New York, are significant because they are the first official word from Icahn since the Las Vegas Sun reported in June that a contractor, Taylor International Corp., had pulled $1.2 billion in construction permits for the resort.
Some $1.2 billion in construction permits were pulled for the idled Fontainebleau casino resort on the Las Vegas Strip this month — but no one is saying if that means construction will actually resume anytime soon.
Bankrupt investment bank Lehman Brothers Holdings Inc. on Thursday sued Fontainebleau Las Vegas resort developer Jeff Soffer and one of his companies, seeking to recover hundreds of millions of dollars lent for the bankrupt Las Vegas hotel-casino.