Wynn Las Vegas

Archive for the 'Business & Finance' Category

The investment bank Deutsche Bank has taken the first step towards the foreclosure of the $3 billion Cosmopolitan Resort and Casino Project.

The Las Vegas Sands Corporation has announced that they have managed to secure over $3.7 billion in loans to build a casino-hotel complex in Singapore.

A deal for an $800 million casino complex on the site may give history fans the chance to learn the story of one of America’s most important industrial companies.

Harrah’s Entertainment are coming close to the end of a long journey, and will soon close a deal which will result in the sale of the Harrah’s Entertainment company to Apollo Management and Texas Pacific Group, private equity buyers.

Poker Machines Targeting Poor in Australia

Written by on Sunday, December 16th, 2007 in Gaming, Business & Finance.

Poker machine gamblers in poorer suburbs are among the biggest financial losers in Australia – paying out $128 million AU in just 1 year. On average, an adult in the city of Monash spends $960 a year on poker machines.

Casinos Don’t Fear Mortgage Credit Crunch

Written by on Wednesday, November 14th, 2007 in Travel & Casinos, Business & Finance.

Finance experts speaking at the Global Gaming Expo this week have commented that the big name casinos have little to fear from the credit crunch caused by the mortgage crisis earlier this year.

Final End For The New Frontier Casino

Written by on Tuesday, November 13th, 2007 in Travel & Casinos, Business & Finance.

The New Frontier Casino-Hotel was demolished in front of a large crowd on Tuesday, signaling the end of one of the oldest properties on the Las Vegas Strip.

2007 has proved to be a challenge for the casinos in the seaside resort. So far this year every month except March has shown a decline in the win totals of the industry compared to the corresponding month in 2006.

A gaming inspector currently stationed at the Tropicana Casino and Resort filed a report recently claiming that one of seven support columns was bulging outward on the original building housing the casino built over ten years ago.

Revel Entertainment, a new casino corporation, revealed plans for their project located north of the Showboat Casino in Atlantic City.



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