Kerkorian investor sues over Colorado investment

THE ASSOCIATED PRESS

December 9, 2011 - 2:02 am

DENVER -- Billionaire Kirk Kerkorian is suing an adviser who got him to invest more than $680 million in a Colorado company.

Kerkorian filed a lawsuit in Clark County claiming Edward Davis and others misrepresented the assets of Denver-based Delta Petroleum.

According to The Denver Post, Delta reported a $458 million net loss over nine months ended in November and said it had been unable to find a buyer for some of its assets to raise cash. The company says restructuring is likely.

Davis could not be reached for comment Wednesday.

Fontainebleau Las Vegas as seen on Sunday, Jan. 14, 2024, in Las Vegas. (Daniel Pearson/Las Veg ...

Fontainebleau adds summer parking perk

By McKenna Ross / RJ

May 7, 2024 - 9:00 am

The new promotion is meant to make the north Strip property more accessible.

An aerial view of Enterprise. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

How fast is the southwest Las Vegas Valley growing?

By Patrick Blennerhassett / RJ

May 7, 2024 - 6:01 am

The unincorporated area of Enterprise is beginning to rival North Las Vegas and Henderson for new development and residents.

A view of the Las Vegas Valley from a neighborhood under construction in Skye Canyon master-pla ...

Condo, townhome prices hit record high in Las Vegas Valley

By Patrick Blennerhassett / RJ

May 7, 2024 - 5:00 am

On top of this, residential real estate continues to become more and more unaffordable for the average American, according to Redfin.

Notable among the Poozeum museum attractions is a grand bronze statue of a T. rex, aptly named ...

See the world’s largest collection of dino poop at Arizona’s new ‘Poozeum’

By Marvin Clemons / RJ

May 6, 2024 - 4:21 pm

The museum opening later this month boasts the largest collection of fossilized feces, called coprolite, in the world, including the largest coprolite by a carnivore.

Former Raiders coach Josh McDaniels sold this home in Anthem Country Club in Henderson. (Avia M ...

Former Raiders head coach sells Henderson home for $4.8M

By Sean Hemmersmeier / RJ

May 6, 2024 - 3:24 pm

The coach sold his home at the Anthem Country Club in Henderson in May.

How much could Trump hotel in Las Vegas sell for? It’s complicated

By Patrick Blennerhassett / RJ

May 6, 2024 - 7:06 pm

Commercial real estate experts weighed in on how much the property co-owned by Donald Trump and Phil Ruffin might sell for if it were put on the market.

Small businesses near the intersection of Flamingo Road and Koval Lane have reported impacts fr ...

Businesses pursue bid to ‘stop’ 2024 Las Vegas Grand Prix

By Mick Akers / RJ

May 6, 2024 - 7:31 pm

A group of Las Vegas business owners who say they lost millions from last year’s Formula 1 launched an online petition hoping to get a public meeting on the 2024 race.

In this photo made on Wednesday, Feb. 24, 2021, people walks through a shopping mall in Pittsbu ...

Jena Warburton AMG-TheStreet

May 3, 2024 - 1:02 pm

Popular mall retailer Rue 21 will close all of its stores in Chapter 11 bankruptcy.

Tropicana wants to keep gaming license active during A’s ballpark development

By McKenna Ross / RJ

May 3, 2024 - 7:30 pm

As demolition continues on the Tropicana site, management is asking Clark County to waive a licensing requirement.

$114K table game jackpot hits in downtown Las Vegas

By Tony Garcia / RJ

May 3, 2024 - 10:43 am

An early morning stop Thursday in downtown Las Vegas was highly profitable for a Hawaii visitor. The win was one of several recently in the Las Vegas Valley.