Gaming stocks were sluggish in November as investors tried to judge the repercussions of third-quarter results and anticipate the effect the opening of CityCenter will have on the Strip.
An initial public stock offering in a subsidiary of Las Vegas Sands Corp. hit a snag Monday when shares tumbled 10.2 percent on their first day of trading on the Hong Kong Stock Exchange.
Harrah’s Entertainment has taken another step forward in its plan to buy Planet Hollywood Resort, a plan the resort’s current owner called a “perfect marriage.”
The owner of the long-troubled Binion’s Gambling Hall & Hotel is closing the property’s 365 hotel rooms indefinitely and will cut nearly 100 of the property’s 800 jobs.
LOS ANGELES — Dubai World borrowed billions of dollars to acquire some of the most high-profile commercial developments in the United States in recent years, and it could be forced to sell them at a loss if the Persian Gulf conglomerate can’t restructure its debts.
Bill McBeath, president and COO, Aria Resort, left and Jim Murren, CEO of MGM-Mirage, greet Vdara hotel staff at the opening today. This is the first hotel to open at CityCenter. … When the nearly 1,500-room nongaming Vdara hotel welcomes its first paying customers late tonight, the $8.5 billion CityCenter development moves into its operation mode.
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