The pay ratio of the top boss to the typical employee shot past 100-to-1 at several companies with sizable holdings in Southern Nevada, including casino operators.
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More than 16 years after the New Frontier was toppled, the Strip property hasn’t seen a new project take shape.
Wynn, which owns Wynn Las Vegas and the Encore tower on the Strip, will continue to operate the Massachusetts resort under a lease with an initial annual rent of $100 million.
Vici Properties reached a deal to purchase financial giant Blackstone’s 49.9 percent stake in the properties, which are leased to casino giant MGM Resorts International.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
Panattoni Development Co. partner Doug Roberts confirmed that his company purchased 88.7 acres in south Reno.
MGM Resorts International has reached another multibillion-dollar sale-leaseback deal with New York financial giant The Blackstone Group, this time for the Aria and Vdara resorts.
But Derek Stevens’ project, Circa, opened its casino, restaurants and year-round pool complex in downtown Las Vegas on Wednesday. Its 777-room hotel tower is scheduled to debut at year’s end.