The biggest bet on the Las Vegas Strip has not paid off yet. Private equity firms Apollo Global Management and TPG Capital LP TPG.UL bought Harrah’s Entertainment, which operates nearly 40 casinos across the United States, for $31 billion in January. It was the peak of a leveraged buyout bubble that moved [...] [...more]
The following won awards at the first annual Green Awards sponsored by the Las Vegas Business Press. Architect of the year: Las Vegas office of the international firm Gensler. The firm not only emphasizes the use of natural, renewable resource materials and energy-efficient concepts for its projects, such as the CityCenter development and the corporate headquarters [...] [...more]
Casino operators have been rolling snake eyes this year. In the U.S., would-be gamblers, hit with higher gas prices and rising unemployment, are nixing their Las Vegas vacations this summer, and some gaming companies are being forced to delay expansion plans or file for bankruptcy amid the credit crunch. And things have gotten dicey overseas: [...] [...more]
