As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
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Five Circa customers say the downtown Las Vegas resort operator’s practice of adding fees or taxes to comp transactions is deceptive.
“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.
According to the SEC filing, Dr. Miriam Adelson is buying a majority interest in the NBA team, which is owned by billionaire Mark Cuban.
Hotel occupancy dropped from the same month last year, but room rates remained high and convention attendance continued to soar, the LVCVA said.
CBRE’s John DeCree met with more than 20 companies and came away with an optimistic outlook with record convention, special events traffic.
The Nevada Gaming Commission unanimously approved a settlement agreement with the former chairman and CEO of Wynn Resorts.