Calendar of Conventions in Las Vegas Nevada Hotels
Las Vegas Convention Schedule For Nov 18 - 24 2008
Fontainebleau Las Vegas hotel condo might find it difficult to fund its retail loan. Condo presales at Fontainebleau were expected to raise between $700 and $900 million before the mortgage crisis earlier this year.
Although, analyst have told investors the $2.9 billion real estate project on the Strip has funding for the proposed hotel opening in late 2009.
Dubai World is possible joint venture partner with MGM Mirage after the Nevada Gaming Commission rules on their business relationship later this month. Dubai World is the investment division of the Persian Gulf state.
Bonds issued by MGM Mirage backed by New York New York Vegas casino. This past week the gaming company issued $750 million in senior secured notes.
The private offering notes will be due 2013 will allow the buyer to receive a 15 percent yield and 13 percent interest will be paid by MGM Mirage.