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Elysium Properties applied for a $3.8 billion casino and Las Vegas hotel. Elysium applied two months ago to the Nevada Dept. of Business and Industry for the issuance of revenue bonds to cover the development costs for their real estate project.

The taxpayers nor the state of Nevada would be financially responsible for any debt of the project by Elysium. The department is the intermediary and helps place the debt into investment portfolios through the advice of an investment banking firm.

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Golden Gate downtown Las Vegas casino was approved for a 50 percent sale unanimously by The Nevada Gaming Commission. The Golden Gate is the oldest hotel casino in Las Vegas real estate. The investor is Desert Rock Enterprises.

Desert Rock Enterprises is owned by brothers Greg and Derek Stevens. Mark Brandenburg, 50 percent co owner of the downtown casino, will continue to manage the 102 years old Fremont Street landmark.

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110 acres of Las Vegas land purchased for $330 million on the Strip. A New York investment firm, SDS Investments, took out a hefty $400 million mortgage loan for costs and to pay for the real estate for sale.

SDS Investments is committed for the long term in Las Vegas Nevada real estate with no intentions of condos being built.

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Focus Property Group asks to stop interest payments for three years on the $470 million in Las Vegas Nevada real estate loans on 4,800 acres of land. Last month they stopped making their loan payments.

Focus asked investors of their mortgage loans to extend them three years of credit with additional extensions.

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