It’s official. Carl Icahn has the Fontainebleau monkey off his back. He found a couple of chumps, er, investment firms in the form of Witkoff 
Group and New Valley, who bought F-blew for a cool $600 million. When you consider that Icahn bought the incredible bulk for $148 million, recouped a bit of that from asset sales and tax write-offs, he comes out of this risky real estate play smelling like a rose. (VitalVegas is all over the story.) Putting the best spin they could on a hugely risky gambit, Witkoff’s PR people defensively described Fontainebleau as a “significantly undervalued resort hotel … Witkoff spent four months conducting its due diligence on the resort and market prior to the acquisition, and has identified numerous ways to unlock the significant underlying value of the property to generate strong returns for its business and the Las Vegas community.” To put that in perspective, hideous F-blue is described by its new co-owner as “well designed.”
Yes, but first it has to be finished, Witkoff and New Valley will have the Continue reading
casino is 
basement purchase price by selling off everything wasn’t nailed down — and even something that was: the custom-built escalators, which you can now ride at Downtown Grand. The Plaza Hotel and even Affinity Gaming‘s sad-sack trio of casinos in Primm benefited from Uncle Carl’s rummage sale. The buyer of Uncle Carl’s Carpet Barn is as yet unidentified save as a “very politically connected … sizable Eastern real estate investment company.” Except for the first part that sounds like Gaming & Leisure Properties Inc. (The Trump Organization already has undeveloped real estate just off the Strip, so I think we can count them out, although they have the ultimate political connection.)
“It’s a calamity, the losses are high and a lot of buildings need repair. People were just swimming, they cried for help. There were no boats. The water came so suddenly.” — maverick Macao lawmaker Jose Pereira Coutinho, who criticized the government’s reaction Typhoon Hato as going “so slowly and so badly.”
presumably from ‘sharps,’ 
the current operators reported double-digit growth in gross operating profits. They must be doing something right,” said New Jersey Casino Control Commission Chairman Matt Levinson. Yes, and they’re doing it without Glenn Straub, still in a titanic sulk over having to be licensed at Revel. Down at the Tropicana Atlantic City, the management team deserves a bonus, having increased Trop operating profits a stunning 105% ($35 million). Mohegan Gaming Entertainment is also showing results at Resorts Atlantic City, up 63% ($9.5 million). Tilman Fertitta wrested an extra 27% ($17 million) out of his Golden Nugget, while Borgata gained 22% for a whopping $129 million.
“The decision is done, it’s now just a matter of starting to work on it,” said an anonymous Sands China source. The five-year-old hotel towers will be retrofitted with what are described as distinctive features of the United Kingdom, in order to make them “more attractive to Chinese visitors,” in the manner of Venetian Macao and Parisian. Replicas of Big Ben, the Tower of London, Buckingham Palace or the Tower Bridge are rumored, but not confirmed.
Khan’s own words, the union “is gearing up to demand a fair process that will assure an opportunity for the Hard Rock Hotel Las Vegas’ housekeepers, food servers, cooks, and other non-union workers to decide whether they want union representation in an atmosphere that is free from management pressure tactics. Workers says that job retention is a critical concern to them in the event the property’s owner, Brookfield Asset Management, sells the property.”
debutante Conor McGregor. Despite Mayweather’s proven track record, sports books have him a +500 underdog to win the fight, down from +1100 but still bad news. BetOnline.ag counts 
General Elbert Lin and deputy Thomas M. Johnson Jr., “The parties and their counsel give the case an Ali-Frazier feel. New Jersey Governor Chris Christie versus the National Collegiate Athletic Association and all four major professional sports leagues (the National Basketball Association, the National Football League, the National Hockey League and Major League Baseball). Former U.S. Solicitor General Ted Olson versus his successor (and his principal deputy) Paul Clement. For Supreme Court junkies, you don’t get much closer to the Thrilla in Manila.
commitment that we will vigorously and zealously continue to reject hate speech and hate-based actions in any form,” calling out “hate mongers and white supremacists.” Murren advocated employee donations to the Southern Poverty Law Center, the Council on American-Islamic Relations and the Anti-Defamation League, as well as four other groups. MGM will match any employee’s donation to these organizations.
have a visible paddle wheel, even if aforesaid barge is “not going anywhere.” Fertitta also ripped the state’s per-casino limit on slot machines and $100,000/year barge inspection, which he reckons have cost him $10 million. Taxation of free play offered by private-sector casinos (but not tribal ones) was another burr under Fertitta’s saddle.
from the Expert Committee, 
understandable. However, he also played an important role in the development of commercial air traffic in the United States, even if he is best remembered for the anti-immigrant, anti-Communist McCarran Act, a bill so repressive that President Harry Truman called it a “long step towards totalitarianism.” Were he alive today, McCarran would have a hard time getting his name on so much as a public toilet. But should the Nevada Lege keep it on the airport, in deference to history, or remove it to bring our portal to outside world into an identity more in keeping with current attitudes?
predicated on the VIP business. Our strategic plan is built on catering to this tremendously emerging more-affluent Chinese customer, a customer that’s looking for more experimental experiences, not just a selfie moment or a gaming table,” MGM CEO Jim Murren told Bloomberg TV. MGM is making “only” $449 million in Macao last quarter