Mergers & Acquisitions

Cosmopolitan Project Foreclosed

It appears that the deepening vortex of recession has opened its jaws and swallowed the Cosmopolitan Resort & Casino which is sprouting forth on the Las Vegas strip. The proposed bail out of Ian Bruce Eichner's... » continue

Binions Sale is Done Deal

TLC Casino Enterprises, owners of the Four Queens, winner of the 2007 Trippies Editors Choice for Best Grind Joint, has closed its purchase of the legendary Binions Hotel and Gambling Hall in downtown Las Vegas. The... » continue

Cosmopolitan Saved, But At A Price

Liz Benston at the Las Vegas Sun is reporting that Cosmopolitan Resort and Casino has been saved from foreclosure proceedings by its original investors, excluding the man behind the concept Ian Bruce Eichner. Hyatt Hotels, originally... » continue

MGMMirage and Dubai World Close CityCenter Deal

Gaming monolith MGMMirage and Dubai World (a holding company that manages investment for the government of Dubai) have closed their 50/50 deal for CityCenter on the Las Vegas Strip. Under the deal, Dubai World has purchased... » continue

Binions Sold to Four Queens Ownership Group

MTR Gaming Group has sold Binions Hotel and Gambling Hall to TLC Casino Enterprises for about $32 million bucks. TLC Casino Enterprises owns the Four Queens downtown. Hoooray! We put Terry Claudill and TLC Enterprises at 5-1 in... » continue

MGM Mirage to Partner On New Vegas Property - Kerkorian To Withdraw Bellagio CityCenter Offer

MGMMirage is in talks to develop a new resort on the Las Vegas Strip which will be designed by Kerzner International. According to the Wall Street Journal, MGMMirage will supply the property for the multi-billion dollar... » continue

Penn National Gaming To Go Private

The march towards privatization by major casino operators continued yesterday with the announcement that Penn National Gaming - owners of four Argosy branded riverboat casinos, Boomtown Biloxi, five Hollywood casinos, Casino Rama, Empress Joliet and... » continue

Myriad Entertainment Buys 500 Acres Adjacent to Tunica Casino Row

This is a little follow up on the Myriad Entertainment plans for a $1.9 Billion Dollar Mega Resort in Tunica, Mississippi we reported on who knows how long ago. According to an SEC Filing from May... » continue

Kerkorian and MGM Mirage Hire Legal and Banking Teams to Explore Breakup

Capping this weeks exciting news of Kirk Kerkorian's play for MGMMirage's Bellagio and CityCenter properties, both parties have hired big gun legal and financial teams to help them explore and figure out the pot odds... » continue

Fontainebleau Sells a Billion Dollars Worth of Mortgage Notes

Yeah, this is quite esoteric for the casual Vegas tripper, but its still worth noting in the "coming soon to a Las Vegas near you dept." Fontainebleau, the pile of dirt next to the... » continue