Mergers & Acquisitions

Meet The New LVH

When the Atlantic City Hilton changed its name to the ACH, we all knew it was only a matter of time before the Las Vegas... » continue

The Tits Hit The Fan At Hooters

The fight for control of the Hooters Hotel and Casino - an ongoing grudge match between Hooters and their foreclosing lenders - has turned from... » continue

Morgans Hotel Group Buys Majority Stake In Light Group

Today, Morgans Hotel Group announced in a statement that it had reached an agreement to purchase 90% stake in nightlife pioneer The Light Group for... » continue

Golden Gate Owners Take Control of Fitzgeralds

Today, downtown's venerable Fitzgerald's Casino and Hotel, was taken over by Golden Gate's majority owners, Derek and Greg Stevens d/b/a Desert Rock Enterprises II. As you... » continue

Priest Purloins Parish Plate to Pay for Poker Passion

In all honesty, that headline should read something like "Priest Steals from Parish Donations in Order to Subsidize Raging Video Poker Addiction," but hey, a... » continue

Golden Gate Buys Fitzgeralds in Estate Sale

Cries of horror accompanied the reading of casino impresario and cable tv magnate Don Barden's will yesterday as he left the crown jewel in his... » continue

Is The Palazzo Brand's Days Numbered?

Over the last few months, some strange things have been happening to the exterior of Palazzo and Venetian which make me wonder if Las Vegas... » continue

Updated: Maloof Sells Control of Palms to TPG/Leonard Green

George Maloof has given up control of the Palms to Texas Pacific Group / Leonard Green in exchange for an investment which extinguishes approximately $400M... » continue

Penn National Close To Cosmopolitan Deal?

The rumor mill is squeaking out word that Penn National Gaming, fresh off the closure of their purchase of M Resort, is working on a... » continue

The Sinatra Smash: Now Served With Umbrellas

Several large umbrellas, actually. Now you don't have to trek all the way to the quietest corner of Encore to grab Five Hundy By Midnight's favorite... » continue

Lady Luck Changes Hands

The Review Journal is reporting that the owners of Lady Luck - CIM Group - "will turn redevelopment of the long-shuttered downtown hotel and management... » continue

Penn National Officially Takes Over M Resort

Yesterday, the Nevada Gaming Commission approved Penn National Gaming's takeover of the M Resort which was acquired in a $230M debt swap in October 2010. When... » continue

FiveThirtyEight on Poker's Black Friday

The great Nate Silver from the New York Times blog FiveThirtyEight, known for using statistical analysis to predict baseball and political outcomes, has turned his... » continue

The Sahara Is Closing

We've been hearing rumblings through Las Vegas public relations channels that an announcement about the future of the Sahara will be released to the press... » continue

Caesars Palace To Rebrand Centurian Tower As Nobu

Caesars Palace announced today that they are planning to convert the Centurion Tower into a boutique hotel using the Nobu restaurant brand as developed by... » continue

The Sahara's Shifting Sands

When SBE Entertainment pulled out Stockbridge Real Estate Funds' checkbook and bought Sahara from the Bennett family for $350M exactly four years ago - March... » continue

Welcome Misnomer!

I am incredibly happy to announce that the infinitely hysterical master of The Board, Misnomer, has agreed to become an official member of the VegasTripping... » continue

The Borg Assimilating Plams

We've been hearing about the Harrah's Buying Palms thing for almost a year, but now - with Harrah's changing its name to Caesars Entertainment and... » continue

Caesars Entertainment Corporation : Uhm... Yeah!

As we warned you last week, Harrah's changed their name to Caesars Entertainment Corporation yesterday and launched a new corporate website and unleashed their new... » continue

Sayonara Harrah's Entertainment

Sayonara Harrah's Entertainment, it has been a long, lovely run. Effective tomorrow, Harrah's Entertainment will officially go by the name of Planet Loveman Caesars... » continue

Vegas Gang #52 : M and Penn, MGM Numbers and More

On the most recent episode of the Vegas Gang Podcast, the gang takes on a whole bunch of thorny subjects including Penn National's recently announced... » continue

Penn Gets M Resort In $230M Debt Swap

The rumors are now fact. After playing footsie with nearly every semi-available casino up and down the Strip, Penn National CEO Peter(ino) Carlino finally found a... » continue

Rumor Mill: M Is Now Penn's

Quick note for those of you not tuned into Norm Clarke's Twitter feed (read: everyone), it looks like tomorrow might bring an announcement that Penn... » continue

Nightclub Titan Pure Bought By Angel Management

Angel Management Group - operators of Studio54, Wet Republic, mix, Rok and other party zones - have acquired Pure Management Group, owners of Pure, LAX... » continue

Rumor: Boyd Buying Rio

We're hearing some chatter on the airwaves that Harrah's has sold the Rio to Boyd Gaming. Boyd announced earlier this week that they were suspending their... » continue

Starwood Takes Over Riviera : Updated

As has been rumored for a few months, the Starwood Capital Group - a private investment firm which originally funded, but now does not own... » continue

Riviera Files For Chapter 11 Bankruptcy

The Riviera's parent company, Riviera Holdings Corp. has filed pre-packaged Chapter 11 bankruptcy earlier this afternoon. Riviera Holdings owns and operates the Riviera Hotel & Casino... » continue

Sayonara Greek Isles!

Not exactly sure when this happened, but the Greek Isles has officially changed its name and junk to Clarion Hotel. I'm guessing this... » continue

Harrah's Selling Rio, Again

If you believe rumors, the Rio had been bought and sold more often than any other Las Vegas casino, with Mirage gaining ground. Today, Business Week... » continue

Tip Tax Foe

Let's say that you are in the unenviable position of having to call your credit card company (I personally would rather eat a Twinkie from... » continue

Planet Hollywood Enters Total Rewards

We've often said that Total Rewards is both the best and worst casino loyalty club. The easy website and comps for slot players is awesome.... » continue

The Borg Assimilates Planet Hollywood

Effective tomorrow at noon, The Borg* will officially take over casino operations at Planet Hollywood, assimilating it completely into its own. Whatever could be next? The Las... » continue

Black Hills Booozehound and the Circus Circus of Doom (A Choose-Your-Own-Adventure Column)

This may come as a surprise to some of you, but I collect shot glasses from my journeys. I know! I'll give you... » continue

Uh Oh. Celine's Back?

Earlier today, Steve Friess, reposted this from the @ticketmaster Twitter feed. RT @Ticketmaster Are you a big Celine Dion fan? Watch our Twitter closely to hear... » continue

Stryper Guitarist To Marry Ex-Prostitute This Friday In Vegas

Stryper guitarist Oz Foz and his girlfriend, former Las Vegas prostitute Annie Lobert, will marry this Friday, June 5 at 7pm at The Church At... » continue

LATE SCRATCH : [TBA] Sold : MGM Shares Halted

MGM Mirage's stock was halted shortly after noon Pacific time today, fully in line with previous reports that today was "decision day" about their unloading... » continue

Suddenly... Clowns Become Cool Again

Introducing the new signature resort in the Wynn Collection, Stevus-Stevus. Ok, not quite... but the maestro himself says he's open to the idea if.... the price... » continue

Attack of The Revenge of The Living Dead Mirage Sale Rumors

According to the New York Post - one of the most reliable of business publications - Tuesday is decision day at MGM Mirage. The question:... » continue

Icahn Has Cheezburger?

Icahn has cheezburger? Or not. ... » continue

The Next Door To The Across The Street From Paris Hilton Hilton

Here's an interesting tidbit from the business side of things... Colony Capital - owners of the Las Vegas Hilton, holders of half of the bankrupt... » continue

Ruffin Takes Over TI, Installs Mechanical Bull

Chock* to the brim with cash from the vault, MGMMirage's armored cars have driven away, leaving the keys to the spiffy shiny brand new third... » continue

New Joint: Impecunia Station

From the airbrushed skies of casino promenades, let the Iraqi protestor sized torrent of 'other shoes dropping' commence. Locals casino operator Station Casinos (owners of Red... » continue

Venetian Parent Company Honcho Quits

For those who give a crap about the 'business side of things' Las Vegas Sands Corp's President and COO William Weidner has resigned effective immediately. It's... » continue

Plaza vs Plaza : Plaza Rejects Plaza's Offer

In the ongoing battle of Plaza vs Plaza the heads of both Plaza entities met at a hotel in Israel in an attempt to settle... » continue

MGM Mirage Sells Treasure Island to Phil Ruffin

MGM Mirage has sold TI Treasure Island to former New Frontier owner Phil Ruffin for $500M in cash + $225 in financing. It's not a surprise... » continue

Penthouse Corporate Boob Peeps Vegas Casino

Dear Penthouse, Hi, my name is Randy and this is the first time I've ever written to Penthouse Forum. I had an experience the... » continue

...Because 'Teen People' Was Taken

From the "kick em while there down department" comes this little nugget, via the Las Vegas Review Journal. The Cosmopolitan Hotel & Casino - the pile... » continue

Hard Rock Expansion Is Go!

The Hard Rock Hotel & Casino Las Vegas has secured $620M in financing to complete a major expansion. They've been clearing numerous structures from... » continue

Hooters Sale Hosed

Forbes is reporting that the proposed sale of the exquisite and delightfully tacky Hooters Hotel & Casino has gone "bust" (their words not ours). Hooters honchos... » continue

Crown Limited Bails From Milam's Wet (N Wild) Dream

Australian casino and publishing magnate James Packer - half of the brain trust that built one of the most exquisite casino hotel properties I've ever... » continue