Southbound lanes of Interstate 15 were closed near the Strip Monday night after a fatal crash. The Nevada Highway Patrol responded at 9:22 p.m. to the crash near Tropicana Avenue.
Pinnacle Entertainment Inc. of Las Vegas today announced that Daniel R. Lee has resigned as chairman, chief executive officer and a director of the company "to pursue other business interests."
The Nevada Division of Mortgage Lending today released a list of 28 companies authorized to work with consumers in modifying home loans. On Monday, the agency said it was canceling the authorization to work for about 30 loan modification companies that failed to obtain a minimum $75,000 surety bond.
NV Energy Inc. on Monday said its quarterly profit rose as revenue also increased. The company, Nevada's main electric utility, said that for the third quarter ended Sept. 30 it earned $182.6 million, or 78 cents per share.
Harrah's Entertainment Inc. of Las Vegas today said it hired former Walt Disney Co. executive Peter E. Murphy as a senior executive to help the company expand globally.
Headlines about limits on visits to Macau today hurt gaming stocks exposed to the Chinese gambling district. Macao Daily reported that China’s Guangdong province tightened travel restrictions to Macau.
MGM Mirage of Las Vegas announced today that former Secretary of State Alexander M. Haig Jr. resigned from the casino-resort operator's board of directors effective Oct. 7.
The number of visitors to Las Vegas was down 3.7 percent in August compared to a year earlier. The Las Vegas Convention and Visitors Authority said 3,092,403 people visited the city in August, compared to 3,211,209 people in August 2008.
The judge in Station Casinos Inc.'s bankruptcy case on Tuesday rejected a request that he immediately allow a lawsuit over employee wages to proceed against the company.
MGM Mirage today canceled a previously-modified debt-exchange offer due to lack of investor participation. MGM Mirage announced Aug. 27 a plan to trade some of its $782 million in 8.5 percent notes due in 2010 for up to $500 million in 10 percent notes due in 2016.
The number of airline passengers through McCarran International Airport last month was down 9.8 percent compared to a year earlier. The Clark County Department of Aviation today reported that 3,495,522 passengers arrived or departed from the airport.
Harrah's Entertainment Inc. today announced its subsidiary Harrah's Operating Co. plans to seek $750 million of new term loans to refinance or retire debt and to improve liquidity.
Penn National Gaming is one of the parties interested in buying the stalled Fontainebleau Las Vegas resort, Reuters and the Wall Street Journal reported today. But analysts are skeptical a deal will happen anytime soon.
The company that owns the Las Vegas Hilton is getting a new boss.
Colony Resorts LVH Acquisitions LLC disclosed Monday that Colony Capital LLC executive David Monahan has been hired as chief operating officer and ultimately will become the company's chief executive and general manager.
Restaurant and casino operator Landry's Restaurants Inc. of Houston on Wednesday said it is reviewing strategic alternatives, including a possible sale of the company.
The Siegel Group Nevada Inc. on Tuesday announced it completed its acquisition of the closed St. Tropez, a 150-suite hotel in Las Vegas on Harmon Avenue across from the Hard Rock hotel-casino. Siegel plans to reopen the property within a month.
Harrah's Entertainment announced today it plans to offer $720 million in a private offering of new eight-year notes as the gaming company looks to decrease its debt load.
MGM Mirage announced a debt-exchange deal Thursday in which it plans to swap some of its $782 million in 8.5 percent notes due in 2010 for up to $500 million in 10 percent notes due in 2016.
Wynn Resorts Ltd. of Las Vegas today said Chairman and Chief Executive Steve Wynn and his wife Elaine Wynn sold 2 million shares of Wynn Resorts stock Friday in anticipation of the completion of their divorce proceedings.
Colonial Bank, which has several branches in the Las Vegas area, has been closed by the Alabama State Banking Department and the Federal Deposit Insurance Corp. has taken over as receiver.
Las Vegas Sands Corp. today said it reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash. Sands stock rose $1.44, or 11.7 percent, to $13.73 following the news.
Gaming industry supplier Global Cash Access Holdings Inc. of Las Vegas announced a deal Tuesday to acquire Western Money Systems, a company based in Sparks, for $15 million.
Privé officials this morning requested additional time before the county decides whether to allow the property inside Planet Hollywood to reopen its doors. The agenda items have been moved to the county commission meeting on Aug. 18.
The owners of the Prive’ and Living Room nightclubs at Planet Hollywood today appealed the denial of their liquor license applications and requested temporary licenses to operate until the appeal can be heard -- but the county Business License Department rejected the request.
Area law enforcement agencies will conduct a sobriety checkpoint Saturday in the Lake Mead National Recreation Area in an effort to nab impaired drivers.
A high-speed train should be in place in 2012 that links Las Vegas and Southern California. Senate Majority Leader Harry Reid today announced that plans are moving ahead for the DesertXpress train to Victorville, which is a private project.
Of four Las Vegas locations, Town Square store is only one slated for closure
Friday, June 19, 2009
The previously announced closure of 46 underperforming Anchor Blue stores, including the outlet at the Town Square mall in Las Vegas, is proceeding with store-closing sales that started today and will last until the merchandise is sold.
Colonial BancGroup Inc., owner of Colonial Bank branches in Nevada and other states, today announced the appointments of a new chief executive officer and a new chairman of the board of directors.
Harrah's Entertainment Inc. of Las Vegas said today it named Diane Wilfong as vice president, controller and chief accounting officer, effective upon approvals or waivers from regulators.
Colonial BancGroup Inc. of Montgomery, Ala., owner of about 20 Colonial Bank branches in Nevada, announced Thursday the retirement of Robert Lowder, chairman, chief executive and president.
The Las Vegas Strip's beleaguered Fontainebleau resort, still trying to line up financing to finish construction, today announced the departure of a key executive. Glenn Schaeffer left as chief executive officer, president and a member of its board of managers.
Wynn Resorts and other casino interests are growing more interested in Massachusetts as that state debates the potential expansion of legalized gambling, the Boston Globe reported today.
Both have retail outlets at Forum Shops at Caesars
Thursday, May 28, 2009
Two corporate announcements today involve retailers at the Forum Shops at Caesars on the Las Vegas Strip. Fashion company Christian Lacroix SNC said it filed for the equivalent of a U.S. bankruptcy in Paris after continued losses and efforts to sell the company were unsuccessful.
Harrah's Entertainment Inc. has announced plans to issue $1 billion in new debt. It said subsidiaries would issue $1 billion of senior secured notes due 2017 in a private offering exempt from federal securities registration requirements.
When Southwest Airlines, the busiest carrier at McCarran International Airport, begins flights to and from Milwaukee later this year, Las Vegas is expected to be one of the nonstop destinations to be served.
The company developing the $2.9 billion Fontainebleau Resort in Las Vegas laid off about 40 people Monday, or about 20 to 25 percent of its staff, a spokesman said.
A $50,000 donation to the Las Vegas Sun Camp Fund from Infinity World Development Corp. will help about 150 disadvantaged children experience the great outdoors this summer.
Station Casinos Inc. of Las Vegas today, as expected, said it signed a forbearance agreement with creditors that will allow restructuring talks to continue with its lenders.
Las Vegas Sands Corp. is working on a possible initial public stock offering of its Macau assets after a failed attempt to sell some of its casinos and hotels there last month, the Wall Street Journal reported today.
Western Alliance Bancorporation to sell $150 million of common stock
Wednesday, May 13, 2009
The stock of Western Alliance Bancorporation, parent of Bank of Nevada, fell 22 percent Wednesday after the company announced plans to bolster its balance sheet by selling $150 million of common stock to the public.