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Echelon Place On Hold For At Least 3 Years

Boyd Gaming announced that they will not be resuming construction on Echelon Place on the Vegas Strip for at least 3 to 5 years.

Oct. 28, 2009 | Andrew Calvo | 0 comments | Continued
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MGM Mirage Cutting City Center Project Condo Prices by 30%

MGM Mirage has finally bit the bullet and is reducing the prices of their condos at City Center by 30% – this seems to include both condos that have contracts out as well as condos not yet spoken for. This should speed up the process of closing on the existing contracts, as well as bringing new customers into the buying table.

Oct. 6, 2009 | Andrew Calvo | 0 comments | Continued
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Robert FX Sillerman Admits Defeat

Robert Sillerman is a billionaire who decided to get into real estate investing, and has failed miserably – shockingly he has admitted defeat and is getting out of real estate.

Jul. 30, 2009 | Andrew Calvo | 0 comments | Continued
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Everyone is Jumping the Gun on the Cosmopolitan in Las Vegas

There has been of reports that Hilton will be managing and branding the new Cosmopolitan Casino and Resort in Las Vegas – but I think the odds of that are nil to none due to the Starwood/Hilton Lawsuit.

Jul. 29, 2009 | Andrew Calvo | 0 comments | Continued
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Trump Marina Sale Is Off

The sale of the Trump Marina to Coastal Development for a conversion into a Margaritaville Casino has been stopped due to the parties not being able to agree on terms of the sale.

Jul. 9, 2009 | Andrew Calvo | 0 comments | Continued
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MGM Mirage Working on ‘MX’ and ‘Emblem’ Hotel Brands

MGM Mirage has been working on two new hotel brands for their MGM Mirage Hospitality Group – no word yet when they will appear, or even if both brands will appear, but the information I’ve managed to find out is still pretty interesting and demonstrates a new direction that MGM is looking to go in.

Jul. 2, 2009 | Andrew Calvo | 1 comment | Continued
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Icahn Doesn’t Own The Tropicana Yet..

Even though the Tropicana Atlantic City has filed for bankruptcy and Carl Icahn has a signed sales agreement in place to purchase the asset – that doesn’t mean that he automatically will own it.

Apr. 30, 2009 | Andrew Calvo | 0 comments | Continued
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Carl Icahn Close To Getting The Tropicana Atlantic City

Unless other bidders come out – Carl Icahn looks like he may be the newest owner of the Tropicana Atlantic City using a combination of cash and the bonds he already owns in the property as payment. This is a road Icahn has been down in the past – and is similar to what he’s also currently doing with MGM Mirage.

Apr. 25, 2009 | Andrew Calvo | 0 comments | Continued
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Cosmopolitan Las Vegas Just Can Never Catch A Break

The Cosmopolitan Las Vegas gets caught up in another delay – this time the lawsuit between Starwood & Hilton.

Apr. 24, 2009 | Andrew Calvo | 0 comments | Continued
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MGM’s CityCenter Gets A Reprive

MGMMirage was expected to file their CityCenter project for bankruptcy today due to an interest payment that was due with Dubai World. By the end of the day the payment was made – without Dubai World’s help, and the project continues.

Mar. 27, 2009 | Andrew Calvo | 1 comment | Continued
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Dubai World Giving MGMMirage It’s Biggest Problem Yet

Dubai World has sued MGM Mirage to stop having to put money into the CityCenter Project – but this move may put MGMMirage in bankruptcy.

Mar. 24, 2009 | Andrew Calvo | 0 comments | Continued
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