Fontainebleau

Penn National exits bidding for Fontainebleau: Thursday, January 14, 2010; By Liz Benston; Penn National Gaming, which spent months investigating the purchase of the unfinished Fontainebleau Las Vegas resort on the Strip, will not bid on the property at an upcoming bankruptcy auction, a spokesman for the Pennsylvania-based casino company said today.

Court upholds county's decision on Fontainebleau garage height: Tuesday, January 12, 2010; By Cy Ryan; CARSON CITY -- The Nevada Supreme Court has upheld the decision of the Clark County Commission to allow the Fontainebleau’s garage-convention structure to increase in height from 175 feet to 230 feet.

Deadline for Fontainebleau bids set for Friday: Monday, January 11, 2010; Auction would determine buyer if Carl Icahn's $156.2 million offer is topped; By Steve Green; Bids are due Friday from companies and individuals wanting to buy the bankrupt Fontainebleau casino-resort development project on the Las Vegas Strip.

Bankrupt Fontainebleau seeking $1 million for bonuses: Friday, December 11, 2009; courts: Company official says bonuses needed to keep executives from leaving before sale complete; By Steve Green; With a Fontainebleau Las Vegas secretary earning $48,000 annually, its chief restructuring officer making $720,000 and unemployment running at 13 percent, the bankrupt company encountered skepticism Thursday when it proposed spending some $1 million on management bonuses.

Fontainebleau judge details guidelines for credit bid: Tuesday, December 8, 2009; By Steve Green; The Fontainebleau Las Vegas bankruptcy judge on Tuesday gave contractors 10 days to come up with more than $200 million in cash and a bond if they want to continue pressing for the right to buy the casino resort project with a credit bid.

Fontainebleau lenders sue construction companies over liens: Thursday, December 3, 2009; By Steve Green; Lenders owed $1.048 billion in the Fontainebleau Las Vegas bankruptcy case sued hundreds of construction companies Wednesday as disputes escalated over liens filed against the project by lenders and contractors.

Fontainebleau retail component seeks bankruptcy protection: Friday, November 27, 2009; By Steve Green; 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.

Sales of green products brisk as tax season nears: Friday, November 27, 2009; By Stephanie Tavares; Black Friday may come but once a year, but green has been in for months for many consumers and the home improvement stores where they shop.

Carl Icahn offers $156 million for Fontainebleau, outbids Penn National: Monday, November 23, 2009; By Steve Green; 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.

Fontainebleau contractors say sales process is flawed: Friday, November 20, 2009; By Steve Green; Contractors that claim to be owed $424 million today objected to the Fontainebleau Las Vegas sales process in which Penn National Gaming could pick up the unfinished project for less than $102 million.

Penn National's bid sets up auction for Fontainebleau: Tuesday, November 17, 2009; By Steve Green; Penn National Gaming Inc. on Monday made a $50 million "stalking horse" bid to buy the stalled Fontainebleau casino-resort in Las Vegas, with plans to spend another $1.46 billion to complete the project. Penn's offer, filed in Miami's bankruptcy court, sets in place an auction process in which other investors will have an opportunity to bid for the property. Fontainebleau also said in a court motion Monday that Penn National and unnamed lenders have agreed to provide $51.5 million in debtor-in-possession financing to cover its costs.

Former Fontainebleau executive joins Tropicana: Thursday, November 5, 2009; By Amanda Finnegan; A second former Fontainebleau Las Vegas executive is joining the Tropicana Las Vegas, the company announced today.

Fontainebleau subcontractors organize to finish project: Thursday, November 5, 2009; By Steve Green; Several Fontainebleau Las Vegas subcontractors, including two Fortune 500 construction companies, said Thursday they've organized and are stepping up efforts to find financing and gaming partners to complete the project.

Fontainebleau developer plans appeal of rulings: Monday, November 2, 2009; By Steve Green; The developer of the stalled Fontainebleau resort on the Las Vegas Strip plans to appeal two key legal rulings in its lawsuit against banks over their decision to stop funding for the bankrupt project.

Subcontractors fall short in effort to move Fontainebleau case: Monday, October 26, 2009; By Steve Green; A group of Fontainebleau subcontractors has lost part two of a two-part effort to move the casino resort bankruptcy case from Miami to Las Vegas. Bankruptcy Judge A. Jay Cristol in Miami filed an order Monday denying a motion by the contractors.