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Las Vegas resort creates corporate restructuring plan for debt issues.  MGM Mirage created a four level plan to help the company keep of their Las Vegas hotels and avoiding bankruptcy.

First, a complicated bond and stock offering will raise $2.5 billion for the resort and gaming operator.

Continue reading Las Vegas Resort Creates Corporate Restructuring Avoiding Bankruptcy

Legal action in $9.1 billion real estate Project CityCenter Las Vegas brought on by joint venture partner Dubai World against real estate developer MGM Mirage.  Dubai World says their partner is mismanaging the resort located on the Las Vegas Strip.  The project has been riddled with financial difficulties.

Continue reading Legal Action In $9.1 Billion Real Estate Project CityCenter Las Vegas

Luxury hotel tower construction stops as necessary redesign begins.  Workers stopped interior work this week on the west tower Cosmopolitan high rise condo tower located on the Las Vegas Strip.

Exterior construction on the east and west towers, amenities and Las Vegas casino are continuing as planned.  At completion, the 8.5 acres, will house 2,998 hotel condo units within Cosmoplitan.

Continue reading Luxury Hotel Tower Construction Stops As Necessary Redesign Begins

Newest $1 billion resort opened to huge crowds at M Resort Las Vegas on March 1, 2009.  Commercial real estate developer Anthony Marnell III opened the 390-room M Resort at 10 p.m. with plenty of fanfare and press.

Continue reading Newest $1 Billion Resort Opened To Huge Crowds At M Resort Las Vegas

Wynn Resorts Las Vegas cutbacks impact both Wynn and Encore Las Vegas hotels.  Reductions include hotel casino employee salaries, hours, bonuses and 401(k) retirement plan contributions by Wynn Resorts.

Continue reading Wynn Resorts Las Vegas Cutbacks Impact Both Wynn And Encore Las Vegas

Las Vegas St. Regis Residences by Sands Corp stops condo construction and some real estate expansion in China.  The $1.8 billion in capital expenses reduction is a necessity or some of the gaming operator’s loans could be in default and end up in bankruptcy.

Continue reading Las Vegas St. Regis Residences By Sands Corp Stops Condo Construction