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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.

Continue reading Las Vegas Casino Deal Canceled Today Due To Buyer's Failure To Close

Christopher Milam makes second bid for real estate on Las Vegas Strip.  The Texas real estate developer is making a second attempt to purchase the land on the old Wet n Wild site for $618 million, or $22.9 million per acre located next to Sahara hotel.  This news was distributed from a filing with the Securities and Exchange Commission.

Continue reading Christopher Milam Makes Second Bid For Real Estate On Las Vegas Strip

Eastside Cannery Las Vegas hotel opens Thursday for Labor Day crowds.  Almost 1,100 casino employees have been working for weeks at the $250 million hotel casino.  This is something that other casino owners have decided not to do in these hard economic times and falling credit market.

To take advantage of the crowds for Labor Day weekend in Las Vegas, NV festivities the Eastside Cannery will hold a grand opening at 8 p.m on Thursday.  The owners hope local residents will visit because a road trip isn’t in their budget.

Continue reading Eastside Cannery Las Vegas Hotel Opens Thursday For Labor Day Weekend

Crown Las Vegas $5 million hotel casino resort has been canceled.

Crown gaming company from Australia said a joint venture for the site of the former Wet n Wild 27 acre site in Las Vegas real estate. The current credit market and struggling hotel neighbors on the Strip have concluded the project not financially viable.

Continue reading Crown Las Vegas $5 Billion Hotel Casino Resort Has Been Canceled

Crown spends $414 million into Stations Casinos and Harrahs Las Vegas. Crown Ltd. Is an Australian gaming company looking for partnerships in the local gaming industry.

James Packer, an Australian billionaire, controls Crown has paid $172 million for a 2.5 percent in Harrahs and $242 million for a 4.9 percent in Station Casinos Las Vegas for investment purposes.

Continue reading Crown Spends $414 Million Into Stations Casinos And Harrahs Las Vegas

Cannery Casino and Las Vegas NV hotel sold for $1.8 billion to Crown Ltd. Crown is a gaming company controlled by James Packer, an Australian billionaire.

The Las Vegas commercial real estate transaction will take approximately a year and a half for the Pennsylvania and Nevada regulators to approve the total acquisition of the Cannery Casino Resort.

As land in Las Vegas, NV increases, gaming assets become more valuable. With the strength of outside international investors, including Dubai World and Crown, will provide them with easy entry to the domestic gaming market in Las Vegas real estate.

Continue reading Cannery Casino And Las Vegas NV Hotel Sold For $1.8 Billion To Crown