Hold that Crane

August 2008
Las Vegas Business Press (10712186);8/11/2008, Vol. 25 Issue 32, p5
The article reports on resort-related construction delays, cancellations and defaults in Las Vegas, Nevada. According to Jeremy Aguero, principal of Applied Analysis, investors, banks and lenders are particularly concerned about investments here because of so much construction occurring in one place. On August 1, 2008, Boyd Gaming Corp. stopped construction on its Echelon megaresort, citing weak economic conditions and the difficult capital market environment. MGM Mirage also halted its planned 166-acre mixed-use project in Jean.


Related Articles

  • VERTICAL VISION.  // Las Vegas Business Press (10712186);10/5/2009, Vol. 26 Issue 40, p16 

    The article reports on the progress of the Vdara tower construction project in Nevada. The tower is located inside MGM Mirage's CityCenter development and is headed by Perini Building Co. as the general contractor with Gensler as the executive architect. Amenities will include a wellness spa,...

  • MGM Mirage offers casinos in Detroit, Biloxi, Miss., for sale. Stutz, Howard // Las Vegas Business Press (10712186);4/13/2009, Vol. 26 Issue 15, pP13 

    The article reports on the sale by MGM Mirage of the MGM Grand Detroit and the Beau Rivage resorts to help resolve liquidity issues.

  • Vegas' CityCenter Problems Mount.  // ENR: Engineering News-Record;3/30/2009, Vol. 262 Issue 10, p16 

    The article focuses on the challenges facing the CityCenter, the still-under-construction megaresort on the Las Vegas Strip, Nevada, in reaching completion. The project has tried unsuccessfully to obtain a $1.2-billion loan to finance the final leg of construction. Project partner Dubai World...

  • Casinos & Gaming Industry Profile: United States.  // Casinos & Gaming Industry Profile: United States;Jun2006, p1 

    Presents a profile of the Casinos & Gaming industry in the United States. Executive summary of the industry; Market overview; Market value; Market segmentation; Competitive landscape; Leading companies in the industry; Market forecasts; Demographics; Further reading.

  • CityCenter price-tag grows.  // Las Vegas Business Press (10712186);5/28/2007, Vol. 24 Issue 22, Special section p13 

    The article reports that the price-tag for MGM Mirage's Project CityCenter on the Vegas Strip has risen by 5.4% to 7.4% billion due to owner scope additions. MGM Mirage revamped its forecasted net cost for the complex from $4.3 billion to $4.7 billion, including $200 million in pre-opening...

  • MGM MIRAGE BETTING BIG ON CITYCENTER. Stutz, Howard; Knightly, Arnold M. // Las Vegas Business Press (10712186);12/7/2009, Vol. 26 Issue 49, pP12 

    The article reports on several challenges faced by MGM Mirage in relation to its Project CityCenter in Las Vegas, Nevada. According to the author, the project faced these challenges as soon as MGM Mirage imploded the shuttered Boardwalk casino on May 9, 2006 in order to clear a major portion of...

  • Money Crunch Hits Las Vegas As Megaresort Work Stops. Illia, Tony // ENR: Engineering News-Record;8/11/2008, Vol. 261 Issue 4, p16 

    The article reports that Boyd Gaming Corp. has halted construction on its $4.8-billion, 5,000-room Echelon mega-resort in Las Vegas, Nevada. The firm cited weak economic conditions and the difficult environment in current capital markets. The firm will delay work by at least three quarters,...

  • MGM Mirage.  // AirGuide Online.com;6/22/2009, p2 

    The article focuses on the joint plans of the real estate company MGM Mirage and New Giza for Real Estate Co. to develop the MGM Grand New Giza resort near the famous pyramids in Giza, Egypt. New Giza will provide the equity funding for the project whereas MGM will offer management services and...

  • Impresario Wynn rolling culinary dice with new $2.7B Vegas resort. Jennings, Lisa // Nation's Restaurant News;1/10/2005, Vol. 39 Issue 2, p6 

    The article discusses the opening of Wynn Las Vegas Resort & Counlry Club. Scheduled to open on April 28, the 2,700-room resort is the latest Las Vegas creation of megaresort pioneer Steve Wynn, who helped drive the culinary renaissance of Las Vegas by opening scores of upscale restaurants in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics