Las Vegas Casinos Mergers And Acquisitions A Strong Trend For 2007

Barbary Coast Las Vegas CasinoLas Vegas casinos mergers and acquisitions are a trend looking strong in the coming year.

Some of the big deals in Las Vegas include buyouts of Stations Casinos, Aztar Corp. and Harrah’s Entertainment.

Analysts favor Boyd Gaming Corp. as an object of a takeover attempt. Las Vegas-based Pinnacle Entertainment is also included in the attempts.

Harrah’s successful effort to obtain the Barbary Coast from Bill Boyd, had to trade Stardust Las Vegas land rather than make a cash transaction. That land probably won’t be sold until Echelon Place Las Vegas redevelopment of the Stardust casino opens in mid 2010.

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Barbary Coast Las Vegas 1031 Exchange Land Next To Echelon Place

Barbary Coast Las VegasBarbary Coast Las Vegas hotel wants 1031 exchange sale to Harrah’s Las Vegas in exchange for 24 acres of Las Vegas real estate near Stardust Las Vegas hotel, the future Echelon Place Las Vegas by Boyd Gaming Corp. Harrah’s Las Vegas has the land under contract to purchase from third parties, said Boyd Gaming.

The Las Vegas land transaction will give Boyd 87 contiguous acres on the Las Vegas Strip and the ability to develop future phases of its multibillion-dollar Echelon Place project, which is replacing the Stardust Casino. The addition of Barbary Coast will give Harrah’s control some 350 acres on the Strip.

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Echelon Place $4 Billion Resort Inside Echelon Resort Las Vegas

Echelon Las VegasEchelon Place Las Vegas a $4 billion mixed-use resort on the 63-acre Las Vegas land currently occupied by Stardust Hotel real estate. The mega resort will include 1 million square feet of Las Vegas convention and meeting space, 5,300 hotel rooms, 140,000-square-foot casino and 350,000 square feet of retail stores. It is expected to take four years to develop this massive Las Vegas commercial real estate endeavor.

Echelon Place Las Vegas by Boyd will only be second in single hospitality industry project to the $7 billion Project City Center by MGM Mirage.

In 2005 Boyd Gaming started planning the Las Vegas commercial project for the Stardust real estate after a strategy started in 1998 of diversifying by market segments and geographically.

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Echelon Place Las Vegas Will Not Be Home To A Broadway Musical

Echelon Place Las VegasEchelon Place Las Vegas real estate mega resort by Boyd Gaming isn’t going to be home to a broadway musical. According to an executive for Boyd partner Anschutz Entertainment Group, the Strip and the Great White Way simply do not meet.

“We’re not fans of the Broadway phase,” said John Meglen, co-CEO of AEG Live Tours & Special Events. “I’ve never believed that people come to Las Vegas to see Broadway. They go to New York for a broadway musical. That was proven in Las Vegas with the family shows. People don’t come to Vegas for family entertainment. They go to Orlando or Orange County,” Meglen said. Continue reading Echelon Place Las Vegas Will Not Be Home To A Broadway Musical

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