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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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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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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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Cosmopolitan Las Vegas Updates – And My Personal Take On Things

The Cosmopolitan Las Vegas has been a recurring story here on my blog. A lot has happened with the project in the past week – MGM & Deutsche Bank stopped talking about merging CityCenter with the Cosmo, Hilton signed a management contract for the Cosmo, and a suddenly a re-do of the interior design of at least one tower of the Cosmo has been ordered.

Mar. 8, 2009 | Andrew Calvo | 7 comments | Continued
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Tropicana’s New Marketing Push Mainly Intended For Las Vegas Property

Last week I wrote about the rebranding attempt by the owners of the Tropicana Atlantic City.. The only problem was the rebranding was mainly intended for the Tropicana Las Vegas property – with the hope that it can be extended to Atlantic City if Columbia Sussex is able to regain control of the property. Hmm. Interesting details the local papers leave out isn’t it?

Feb. 11, 2009 | Andrew Calvo | 0 comments | Continued
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