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New owner of Treasure island Las Vegas hotel was approved last week.  Phil Ruffin, previous owner of New Frontier, was ok’d by the Nevada Gaming Commission to become the new operator from MGM Mirage.  They are the same company building the massive Project CityCenter Resort located on the Las Vegas Strip.

Ruffin changed his initial payment to MGM Mirage by adding $100 million to the $500 million initially agreed.  This financial move is to decrease his total payment of $775 million by a $20 million discount.

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Calendar of Conventions in Las Vegas Nevada Hotels

Las Vegas Convention Schedule For April 7 - 13 2009

• Associated Builders and Contractors 2009 Construction Education Conferences
• Flamingo Las Vegas Hotel      04/14/2009      04/19/2009      700
• Kappa Alpha Psi Fraternity 62nd Western Province Council
• Palace Station Hotel Casino     04/14/2009     04/17/2009     250

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Calendar of Conventions in Las Vegas Nevada Hotels

Las Vegas Convention Schedule For March 31 - April 6 2009

• 113th Metalcasting Congress 2009
• Paris Hotel      04/07/2009      04/10/2009      1,500
• Aerial Refueling Systems Advisory Group - 2009 Int’l Conference
• Bally’s Las Vegas Hotel     04/07/2009     04/09/2009     450

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Las Vegas Casino deal canceled today due to buyer’s failure to close.  Australia’s Crown Ltd. couldn’t close a $1.75 billion deal to purchase Cannery Casino Resorts.

Due to the deal cancellation, Crown paid $50 million termination fee to Cannery Resorts.  Although, Crown wants to continue the purchase of the casinos it will have to go through a several year process with many milestones.  Crown operates casinos in Macau and Australia.

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