Construction on the $5 billion Plaza casino-hotel on the Las Vegas Strip is being delayed until 2009, according to an article in the Wall Street Journal. The project was set to begin construction by the end of 2008 but Michelle Tsang, a spokeswoman for Elad IDB Las Vegas, told the Wall Street Journal that the owners [...] [...more]
M Resort developer Anthony Marnell III is trying to do things differently. While Strip developers continue to go over budget with their megaresorts, Marnell used millions of dollars he will save by opening his resort a few months early to add upgrades to the property, including a high-tech wine cellar and a rooftop restaurant with 180-degree [...] [...more]
Deutsche Bank, senior lender to the partially built Cosmopolitan Resort & Casino in Las Vegas, continues to seek partners to operate the 3,000-room resort as it carries out foreclosure proceedings, a spokesman said on Thursday. “We are looking for partners,” said bank spokeswoman Ted Meyer. Deutsche Bank began the foreclosure process in January after developer 3700 Associates [...] [...more]
The popular image of this desert gambling mecca is that of indulgence and indiscriminate consumption. Words that rarely come to mind: Conservation. Sustainability. Green. Yet it’s the famous Las Vegas Strip that’s modeling eco-friendly practices. In Nevada, plans are underway to build more than 100 million square feet of new construction to the standards of the U.S. [...] [...more]
Two Israeli businessmen, Nochi Dankner and Yitzhak Tshuva, are planning to build a 5-7 billion Plaza hotel and casino complex on the Strip in Las Vegas. Odds not in favor Now, in the uncertain financial tsunami engulfing the world, there are concerns that the project is “high-risk” and the banks are taking a step back, talking about [...] [...more]
