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October 25, 2014

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Fontainebleau

Penn National exits bidding for Fontainebleau
Thursday, January 14, 2010
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
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
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
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
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
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
Fontainebleau lenders sue construction companies over liens
Thursday, December 3, 2009
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
Fontainebleau retail component seeks bankruptcy protection
Friday, November 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.
Photo: Marsha Grigsby, a specialty manager, shows a tankl
Sales of green products brisk as tax season nears
Friday, November 27, 2009
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.
Photo: Though close to finished, the Fontainebleau may co
Carl Icahn offers $156 million for Fontainebleau, outbids Penn National
Monday, November 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.
Fontainebleau contractors say sales process is flawed
Fontainebleau contractors say sales process is flawed
Friday, November 20, 2009
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
Penn National's bid sets up auction for Fontainebleau
Tuesday, November 17, 2009
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
A second former Fontainebleau Las Vegas executive is joining the Tropicana Las Vegas, the company announced today.
Fontainebleau subcontractors organize to finish project
Fontainebleau subcontractors organize to finish project
Thursday, November 5, 2009
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
Fontainebleau developer plans appeal of rulings
Monday, November 2, 2009
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
Subcontractors fall short in effort to move Fontainebleau case
Monday, October 26, 2009
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.

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