The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
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Multibillion-dollar property sales can be structured to allow buyers and sellers to avoid paying the transfer taxes that support schools and other programs in Nevada.
Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
With its multibillion-dollar sale in the works, The Cosmopolitan of Las Vegas gave employees a welcome surprise Wednesday: a $5,000 bonus each.
Slot machine technician Jereme Barrios is appealing a regional National Labor Relations Board ruling on a union decertification vote.
Las Vegas-based gaming product manufacturer PlayAGS reported higher first quarter earnings but saw losses widen.
Vici CEO Ed Pitoniak says the company has become “the leading real estate owner” on what “we believe is the most economically productive street in the world, the Las Vegas Strip.”
With the acquisition of The Cosmopolitan of Las Vegas and the sale of The Mirage on the horizon, MGM Resorts International reports good quarter for Las Vegas properties.
Vici Properties closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip.
“I think it’s safe for me to say that they have a very, very strong interest in our site if the transaction can work to their advantage,” Gaming & Leisure Properties top executive Peter Carlino said during a Friday earnings call.
Occupancy rates at Las Vegas resorts are rising to nearly normal levels while the average daily room rate has soared past last year’s rates and those from 2019.
Characters from Aristocrat’s Buffalo, Choy’s Kingdom and Legends slot games will appear on the VivaVision screen with an invitation to play at nearby casinos.
A new owner, the San Manuel Band of Mission Indians, is reopening the Palms after the tribe acquired the 766-room resort for $650 million from Station Casinos in May.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
Commissioners unanimously approved the nonrestricted gaming license following a brief hearing Thursday.
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