“The families are targeting a closing of the transaction by year-end, subject to the satisfaction of customary closing conditions and approval of the NBA Board of Governors,” said a statement released by the Adelson and Dumont families.
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Strip attractions are slowly returning to normal from the Formula One race with trees returning to the Bellagio and a promise that gondoliers will be back in front of The Venetian by early December.
According to the SEC filing, Dr. Miriam Adelson is buying a majority interest in the NBA team, which is owned by billionaire Mark Cuban.
Formula One operators say the two-day sale at The Venetian is “a token of appreciation” for what local residents showed through last week’s four-day event.
Light pollution, a huge electricity bill and the impact it would have on heritage sites were among reasons the mayor decided to block the London project on Monday.
As the Strip got back to its usual bumper-to-bumper traffic, resort executives said Formula One’s Las Vegas Grand Prix went better than they had hoped.
The Las Vegas Strip hotel-casino, first conceived in 2005 and completed nearly two decades later, is set to open its doors in less than a month.
“It makes a bunch of sense,” LVCVA president and CEO Steve Hill said. “If you go out there now, traffic is better than it was before we built all this and that bridge is a big part of that.”
The LVCVA board had to approve a land preparation project before the 10 acres could be sold to 65SLVB, a partnership paying $125 million for the Riviera site.
Executives said some areas of the property weren’t ready in time to properly train staff members to provide the level of service it wanted to for guests.
Nearly two decades after the start-up, Fontainebleau is on the verge of being licensed to operate on the north end of the Las Vegas Strip.
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A woman was being held hostage at knife-point by a man when two Metropolitan Police Department officers fired their weapons late Saturday night.
Decades in the making, residents now have another option to cross the Colorado River between Laughlin and Bullhead City, Arizona.
Harry Reid International Airport set more records during a weeklong heat wave in early June.
A political action committee says Robert F. Kennedy Jr. is ineligible to appear on the November ballot unless he resubmits his petition to comply with Nevada law.