tag:blogger.com,1999:blog-83495530040997177502024-03-13T22:52:13.818-07:00Vegas Hotel NewsLas Vegas BlogUnknownnoreply@blogger.comBlogger571125tag:blogger.com,1999:blog-8349553004099717750.post-65259129831879504372018-01-22T10:03:00.002-08:002018-01-22T10:05:46.236-08:00West WynnWhen Steve Wynn purchased the former Alon / Frontier land last month nobody really knew what he was going to do with it. The common thought was that Wynn would sit on the land and save it for development sometime in the distant future.
Turns out Steve wants to build, and build fast. Wynn Resorts wants to develop this land (along with their Golf Course / Paradise Park project) as fast as Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-47218270939281613902017-10-25T14:17:00.000-07:002017-10-25T14:17:03.491-07:00The Londoner Macao AnnouncedLas Vegas Sands today announced the redevelopment of Sands Cotai Central into a new European themed resort called The Londoner Macao.
The $1.1 billion project will rebrand Sands Cotai Central into a new destination integrated resort. The Londoner "will feature dynamic new attractions and features from London including some of London's most recognizable landmarks, an expanded and reimagined Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-66348566613208530292017-07-27T21:08:00.000-07:002017-07-27T21:08:42.178-07:00Fontainebleau Sale Rumors Heat Up MGM CallRumors about a sale of Fontainebleau are nothing new. It's been over a year since the last round of speculation about who could possibly buy the property and maybe open it someday. Back then a sale was expected by the end of summer 2016.
Needless to say that never happened and we've been in a holding pattern ever since.
The lack of news about Fontainebleau made today's MGM Resorts Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-82975366015873498922017-07-25T14:21:00.000-07:002017-07-25T14:21:00.685-07:00Wynn Second Quarter 2017 EarningsWynn Resorts released second quarter 2017 earnings today and held their earnings conference call. Revenue and net income were both up year over year due to the addition of Wynn Palace in Macau and helped by higher hold percentage in both Las Vegas and Macau.
Steve Wynn discussed the plans for the redevelopment of the Wynn golf course in Las Vegas. It appears that plans for the course are on Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-17422291221130799562017-01-14T20:18:00.002-08:002017-01-14T20:28:30.600-08:00Raiders Relocation Announcement ImminentThe Oakland Raiders are set to file relocation paperwork officially announcing their intention to move to Las Vegas according to a report by Ian Rapoport of NFL Network.
The move would need to be approved by a vote of 24/32 league owners which would take place in March. It's not clear how the owners would react to a move to Las Vegas, but it seems like previous concerns of gambling might be Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-35112391098573295822017-01-12T20:12:00.001-08:002017-01-12T20:24:52.444-08:00Sleepless - Las Vegas Movie - The LuxusI'm always on the lookout for Las Vegas movies and TV shows, so when I heard one was opening this weekend I thought I'd check it out.
Sleepless stars Jamie Foxx as a Las Vegas cop with a connection to the criminal underground that puts his son's life in danger. It also features Michelle Monaghan, Dermot Mulroney, Scoot McNairy, and Gabrielle Union.
The movie is under the radar with a modest Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-17714013174647346682017-01-03T16:58:00.002-08:002017-01-03T17:22:13.450-08:002016 Las Vegas Stock RecapWith the calendar now showing January 2017, let's take a look back and see how Las Vegas stocks did in 2016.
The big three Las Vegas stocks - MGM Resorts International, Wynn Resorts, and Las Vegas Sands all had good years increasing by more than 20% each. The companies rode the wave of a recovering Macau market combined with strong non-gaming Las Vegas metrics.
In Macau Wynn Palace opened on Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-52642807719411219842016-12-29T18:37:00.000-08:002016-12-29T18:37:31.952-08:00Debbie Reynolds Las Vegas HistoryThe sad news of Carrie Fisher passing away a few days ago was compounded by the news that her mother Debbie Reynolds had also passed away the next day.
Debbie Reynolds was a Hollywood mainstay appearing in countless films highlighted by Singin' in the Rain and her Academy Award nominated performance in The Unsinkable Molly Brown.
Reynolds also had an extensive history in Las Vegas. During the Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-16416142919533939452016-12-15T16:10:00.000-08:002016-12-15T16:13:52.293-08:00Crown Resorts Abandons AlonCrown Resorts has indicated they are pulling out of the Alon Las Vegas development. The proposed resort was going to be located on the North Strip across the street from Wynn.
Alon's management team has contented they are still working to find funding. In a press release earlier today they touted the benefit of a turn-key project for a company with deep pockets:
Having invested two years in Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-63478631634869916852016-07-25T14:43:00.001-07:002016-07-25T14:43:08.876-07:00Sands Arena Opening Late 2018 or Early 2019Las Vegas Sands reported their second quarter 2016 earnings earlier this afternoon.
As usual most of the earnings conference call centered on the company's primary casino operations in Macau and Singapore, but there was one tidbit about Las Vegas:
The Sands music arena which will be built with Madison Square Garden will begin construction in early 2017.
The arena located behind Venetian and Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-13512876600525226792016-06-14T17:42:00.000-07:002016-06-14T17:43:32.903-07:00Riviera Monaco Tower ImplosionThe first of two Riviera implosions took place this morning as the Monaco Tower was taken down. A series of fireworks and live musical performances marked the occasion as onlookers flooded the sidewalks to see the tower fall.
Video: Jay Brannan.
Riviera's Monte Carlo Tower will be imploded later this summer. It was delayed after asbestos was discovered.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-31050078435462921992016-06-03T17:28:00.000-07:002016-06-03T17:28:27.097-07:00Park MGM is new Monte Carlo NameMonte Carlo will be renamed Park MGM as part of a $450 million remodeling project. The new name was announced in an MGM Resorts International press release earlier today.
The property will also feature a "hotel within a hotel" concept with NoMad Hotel occupying a small portion of the rooms. NoMad will be operated by the New York City based Sydell Group.
It's unclear what will happen to Monte Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-49268193789116655512016-05-31T16:31:00.000-07:002016-06-03T17:36:38.433-07:00MGM buys Borgata - Monte Carlo Rename Next?Boyd Gaming has agreed to sell its 50% ownership stake of The Borgata in Atlantic City to MGM Resorts International for a purchase price of $900 million. MGM was already the owner of the other 50% stake, however Boyd was the operator of the hotel and casino.
The announcement was made via separate MGM Resorts and Boyd Gaming press releases.
After the sale is complete MGM Resorts will transfer Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-25350174283168664332016-05-25T18:33:00.000-07:002016-05-25T18:33:02.805-07:00Sands Arena behind Venetian and Palazzo AnnouncedLas Vegas Sands and The Madison Square Garden Company have announced plans to build a new 17,500 seat arena behind Sands properties The Venetian and Palazzo.
The partnership was announced in a press release earlier today and will also involve Azoff MSG Entertainment, Live Nation, and Oak View Group.
At first glance this seems like a direct competitor to MGM's new T-Mobile Arena, however this Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-14585186706237859942016-05-16T21:24:00.000-07:002016-05-16T21:24:12.632-07:00Robert Irvine Restaurant coming to TropicanaCelebrity chef Robert Irvine best known for his Food Network shows Dinner Impossible and Restaurant Impossible will be opening a restaurant at Tropicana in 2017.
Irvine announced the restaurant at a press conference earlier this evening. In true Vegas style he arrived by repelling down the building at Tropicana.
Parent company Penn National has planned improvements for Tropicana since Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-71306301306104869072016-05-05T17:51:00.000-07:002016-05-05T17:51:51.524-07:00MGM Wynn and Caesars Talk ResultsIt was a bonanza of Las Vegas casino company earnings results today. MGM, Wynn, and Caesars all reported their first quarter 2016 results and held earnings conference calls.
MGM Resorts International focused on the Profit Growth Plan (PGP) during their conference call. PGP is the company's plan to increase profits by correcting inefficiencies in the operation. Examples would be consolidating Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-34096296122301185212016-04-30T21:04:00.000-07:002016-04-30T21:26:58.745-07:00Zarkana Closes - Postmortem ReviewApril 30, 2016 marked the final performance of the Cirque du Soleil show Zarkana.
As I had wrote in a previous blog post - the show and showroom itself are being removed to make way for an expansion of the Aria Convention Center. In that blog post I said that I had always wanted to see Zarkana, and its closing might give me extra incentive to actually see it.
I did in fact see Zarkana duringUnknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-77124415560054309442016-04-25T18:22:00.002-07:002016-04-25T18:23:53.608-07:00New Wynn Paradise Park Lagoon DetailsA few weeks ago I wrote a blog post about Wynn Paradise Park - the new proposed development by Wynn Resorts which will include a 1000 room hotel with a large man-made lagoon as a centerpiece attraction.
Today a press release was issued giving more details about the project. The lagoon will be constructed by a Miami based company called Crystal Lagoons.
"A 38-acre Crystal Lagoon will be the Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-59416344908611930932016-04-22T00:01:00.000-07:002016-04-22T00:01:21.556-07:00Derek Stevens buys Mermaids and La BayouDowntown Las Vegas king Derek Stevens plans to expand his Fremont Street empire even further. He has agreed to purchase Mermaids and La Bayou casinos, as well as the Glitter Gulch strip club.
Those properties will close on June 27th. The real estate will then be used to facilitate the expansion and remodeling of the Stevens owned property formerly known as Las Vegas Club.
Expanding the Las Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-43114872748682844522016-04-21T16:52:00.000-07:002016-04-21T16:52:17.027-07:00Boyd buys AlianteBoyd Gaming is expanding their reach in the Las Vegas locals market as they have agreed to purchase Aliante Casino and Hotel for $380 million.
Boyd seems to be in a buying mood as they are also rumored to be nearing a deal to purchase Cannery Casino Resorts which would give them even more Las Vegas locals exposure.
Las Vegas locals is Boyd's bread and butter so these deals make perfect sense. &Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-48297762235314521602016-04-07T19:28:00.001-07:002016-04-07T19:30:41.811-07:00Wynn Paradise Park LagoonWynn Resorts held an investor day presentation yesterday. In an effort to share more about upcoming projects Wynn addressed investors for two and a half hours, and the company released a ton of renderings of the upcoming Wynn Palace Macau and Wynn Boston.
Many topics were discussed, but the item grabbing all the headlines is the plan to redevelop the golf course behind Wynn and Encore in Las Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-59463866126244452052016-03-30T20:10:00.001-07:002016-03-30T20:10:10.478-07:00Five50 Pizza at Aria ReviewDuring my recent stay at Aria Las Vegas I had a chance to eat at one of the casual dining restaurants on property - Five50 Pizza.
We'll get to the pizza in a minute, but the star of this show was the Mozzarella Bar "cheese board" appetizer. You can choose from a selection of meats and cheeses which are served to you on a wooden cutting board. Served with flat-bread from the wood-fired oven, Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-53419152149346425362016-02-24T21:12:00.001-08:002016-02-24T21:12:07.401-08:00Wynn Considering Golf Course DevelopmentSiegfried and Roy are the unlikely source of a rumor presented in a Norm Clarke article claiming that Wynn Resorts has plans to build a boutique hotel on their golf course.
The 1000 room hotel would have a 40 acre lake and convention space. It kind of sounds similar to the Wynn Palace development in Macau which will be opening later in 2016.
The development of Wynn's golf course has been a Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-19975264454326339342016-02-18T15:29:00.001-08:002016-02-18T15:29:32.500-08:00MGM Talks About Upcoming ProjectsMGM Resorts International reported earnings earlier today, along with hosting an earnings conference call.
Usually MGM reveals some breaking news during these conference calls, but not so much today. Instead the focus was on topics already known to the public, including:
- The upcoming opening of the new T-Mobile Arena and The Park.
- MGM Growth Properties, the company's upcoming REIT Unknownnoreply@blogger.comtag:blogger.com,1999:blog-8349553004099717750.post-71181983683065247962016-02-11T20:32:00.000-08:002016-02-11T20:32:57.579-08:00Wynn Boston Opening Late 2018Wynn Resorts reported fourth quarter and full year 2015 earnings results earlier today. The results were down from last year due to continued weakness in the Macau market, and lower gaming in Las Vegas.
Despite the lower earnings Steve Wynn seemed fairly positive on the company's earnings conference call. He said Las Vegas results so far in 2016 have been strong, calling it "Apple pie shaped" Unknownnoreply@blogger.com