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The article discusses MGM Mirage chief executive James Murren's efforts to save his company. After Dubai World sued MGM in connection with their City Center joint venture in Las Vegas, Nevada, Murren successfully managed to keep funding for the project intact, placate the firm's creditors, and get Dubai World to drop its suit.

The article discusses difficult economic times in Las Vegas, Nevada. Once hailed as a place where working-class people could aspire to a comfortable lifestyle, the Las Vegas metropolitan area has been ravaged by rising unemployment and falling home prices. In 2008 Clark County's population declined for the first time in over twenty years.

The article reports that the $8.6 billion City Center project under development in Las Vegas, Nevada could file for bankruptcy. Jointly owned by MGM Mirage and Dubai World, the project reportedly is unable to meet a $220 million payment coming due. Dubai World has sued its partner, alleging breach of contract.

The article discusses the "Encore" resort being built in Las Vegas, Nevada by Steve Wynn's Wynn Resorts Limited. Wynn plans to open the $2.3 billion Encore in December, 2008 amid a difficult economic climate for the casino business. Contrary to competitors such as Harrah's Entertainment, Wynn has vowed he will not engage in cost-cutting.

The article discusses the Las Vegas plans of nightclub entrepreneur Sam Nazarian. Nazarian has had considerable success establishing nightclubs and restaurants in Hollywood, and now wants to convert the Sahara Hotel & Casino in Las Vegas into a trendy facility aimed at a younger, partying clientele.

The article discusses a difficult economic climate for Las Vegas casinos. A weakening U.S. economy plagued by rising food and gas prices has reduced consumer spending at casinos. Many gambling firms have significant debt due to previous expansion and buyouts, and bankruptcy experts report receiving an unusually large number of inquiries from casino owners.

The article discusses several construction deaths along the Las Vegas Strip in Nevada. Since 2006, 11 workers have died in assorted accidents. The U.S. Occupational Safety & Health Administration is inspecting a construction site for MGM Mirage, where a worker died in a May, 2008 accident. The deaths coincide with a period of vigorous construction in Las Vegas.

The article reports that casino-hotels in Las Vegas, Nevada will offer significant discounts to customers in spring, 2008. Such deals are usually reserved for the summer months that are the city's off season, but a decline in convention bookings and a decrease in vacation visitors has led the casinos to change that practice. There is concern the casinos may be pricing themselves out of the mass market.

The article focuses on Sheldon Adelson, the chief executive of the Las Vegas Sands Corp., and his plans to open a $2 billion hotel tower next to the Venetian Hotel called the Palazzo which will be linked to the Venetian and the Sands Expo and Convention Center. A discussion of the features of the completed project, called a megacenter, including access to 30 restaurants and five floors of convention meeting space, is presented.

The article discusses vacation alternatives to Las Vegas, Nevada. As Las Vegas gets more crowded and expensive, other gambling resorts have become increasingly popular. MGM Mirage has opened an $800 million casino-hotel complex in Detroit, Michigan. Reno, Nevada, Atlantic City, New Jersey, and Tunica, Mississippi are among other cities that combine ample accommodations with fine dining, entertainment, and gambling.

The article focuses on an increase in the number of major gambling and resort properties on the Las Vegas strip in Las Vegas, Nevada, that are offering commitment ceremonies to same sex couples as well as special hotel and entertainment packages geared specifically to gay and lesbian travelers. The increase has been linked to the resorts having found data which indicated that the gay and lesbian travel market appears to be one of the most lucrative.

The article reports on troubles besetting the City Center project, a condominium development under construction in Las Vegas, Nevada in July 2009. The central focus of the article is the fact that owners of units in the complex are seeking to change the terms of purchase, contending that property values have declined as a result of the global financial crisis of 2008-09.

This article reports on the bankruptcy filing by Fontainebleau Las Vegas LLC and its impact on the regional construction industry in Las Vegas, Nevada. Particular focus is given to big Las Vegas projects that have been delayed as a result of lack of funding. Steve Redlinger of the Southern Nevada Building and Construction points out that several privately-funded projects have been shutdown. A lawsuit was filed by several Fontainebleau lenders against the group of banks that pulled out their funding from the project.

This article reports that the leisure and gambling industry in Las Vegas, Nevada is hoping that the visit of U.S. President Barack Obama in the city on May 26, 2009 will bring some luck to the industry which is suffering from declines in gambling revenue. It relates the implications of the remark by Obama on February 9, 2009 which highlighted the city as a place where many executives of companies which have taken federal bailout money conduct their meetings. It relates that Obama's visit is tied to a fund-raiser for Senate Majority Leader Harry Reid.

The article reports on the revival of the "What Happens Here Stays Here" campaign of Las Vegas, Nevada to promote the reputation of Las Vegas as a party town where visitors can enjoy some forbidden fun or indulge in extreme behavior. Research showed that even in a recession, consumers still liked the idea of going to Las Vegas to gain pleasures not available at home. The campaign has been reportedly improved to put a humorous spin on the recession.

The article reports on the accusation of the owners of the Fontainebleau, a luxury resort under construction on the Las Vegas Strip in Nevada against lender Deutsche Bank AG of seeking to destroy the project in order to protect a competing property that the bank owns. Fontainebleau Las Vegas LLC said Deutsche Bank breached a contract with the Las Vegas resort to prevent it from competing with the Cosmopolitan resort. Other defendants in the Fontainebleau breach of contract suit are mentioned. An overview of the suit is offered.

The article reports on the net loss of $33.8 million posted by casino operator Wynn Resorts Ltd. in the first quarter of 2009 as consumer from China to Las Vegas, Nevada continued to control spending. Revenue declined to $740 million, which was primarily attributed to decline at Wynn Macau. On May 5, 2009, shares of the company rose, along with other casino stocks on the Nasdaq Stock Market. Also noted is the first-quarter loss posted by Las Vegas Sands Corp.

The article reports on a funding agreement signed by lenders and owners of City Center, the resort under construction in Las Vegas, Nevada as of April 2009. The deal comes just weeks after the project, owned jointly by MGM Mirage and Dubai World, was on the verge of filing for bankruptcy protection and embroiled in a lawsuit. Dubai World announced on April 29 that it is withdrawing a suit against MGM Mirage, and will resume paying its share of monthly construction costs.

The article reports that the Bank of America Corp. is in negotiations with Fontainebleau Las Vegas LLC about extending a new lifeline to the $3 billion resort project. If no new funding arrives, construction on the resort being built on the Las Vegas, Nevada strip could cease soon. The owners of the Fontainebleau, during the third week of April 2009, filed a $3 billion lawsuit against lenders for canceling a piece of funding needed to finish the project.

The article reports that Fontainebleau Las Vegas LLC is suing a group of lenders including Bank of America Corp. and Deutsche Bank AG for terminating an $800 million revolving loan facility. Fontainebleau maintains that without the financing it will be unable to complete a $3 billion casino and hotel development currently under construction in Las Vegas, Nevada.

The article reports on the preliminary agreement reached by MGM Mirage and partner Dubai World to complete the City Center, their jointly owned project in Las Vegas, Nevada. Uncertainty on the project arose after Dubai World skipped two construction payments on the project and sued MGM Mirage over allegations of cost overruns and mismanagement of the project. The two parties are said to be negotiating with the bank lenders after the preliminary agreement.

The article reports on the delay in an expected bankruptcy filing of Las Vegas, Nevada-based Station Casinos Inc. to continue negotiating with lenders on a pre-packaged bankruptcy plan. According to company spokeswoman Lori Nelson, Station accepted an extension until May 15, 2009 to reach agreement on the plan. The casino industry in Las Vegas is said to be struggling with a decline in consumer spending and heavy debt loads. It is stated that Station has been among the hardest affected as unemployment rose and several casino workers have lost their jobs.

The article reports that the Dubai World has proposed that the company and MGM Mirage commit a combined $3 billion to finish the construction of the Las Vegas City Center project in Nevada. Work at the resort and casino development is reportedly in danger of halting due to financial woes and a dispute between the joint owners. It is noted that the proposal, if accepted, would increase financial pressure on MGM Mirage and could also need approval from its lenders to pledge the entire portion of its share of the fund.

The article reports that Colony Capital LLC has discontinued talks with MGM Mirage about making an investment in that firm. Financial challenges facing MGM include a $13.5 billion debt load, and funding obligations in connection with the City Center development in Las Vegas, Nevada. MGM may seek to negotiate terms with its creditors.

The article reports that billionaire James Packer may invest in the Las Vegas, Nevada "City Center" development project jointly owned by MGM Mirage and Dubai World. City Center needs to raise $800 million before it can access a $1.8 billion credit facility. Dubai World alleges mismanagement on the part of MGM, and in March, 2009 missed a scheduled payment.

The article reports on the consideration of a possible investment in the troubled City Centre project in Las Vegas, Nevada by Colony Capital LLC, according to sources. The owners of the $8.6 billion project are MGM Mirage and Dubai World. Such an investment is believed to be capable of preventing the bankruptcy of City Centre and could save construction and hotel jobs. The necessity for MGM to seek permission from its lenders if it wants to cover future payments for City Centre construction is noted.

The article reports on the decision of MGM Mirage to make a $200 million payment to save its $8.6 billion City Center resort and casino development in Las Vegas, Nevada. Sources close to the MGM Mirage and investor Dubai World cite that the payment enables the project to avoid bankruptcy. According to a person close to Dubai World, the company has poured $4.3 billion in the project. It notes that the an immediate shutdown of the project would have been devastating to the economy of Las Vegas, which has seen unemployment increase to 10%.

The article reports that a real estate development project in Las Vegas, Nevada is on the verge of collapse. Dubai World, a government-owned business in Dubai, United Arab Emirates has filed suit against project partner MGM Mirage to limit its exposure to the City Center development. Blaming MGM Mirage for large cost overruns on the $6.8 billion development, Dubai World said it will not make a $100 million payment on the project due March 27, 2009.

The article reports on the loss posted by gambling company Las Vegas Sands Corp. in the fourth-quarter of 2008. The Las Vegas, Nevada-based company reported a loss of $111 million during the quarter compared with $39.9 million in net income during the same time period in 2007. Sands said that it also posted noncash impairment charges of $37.6 million related to assets and development activities in Asia.

The article reports on the plan of Las Vegas, Nevada-based Station Casinos Inc. to file for bankruptcy protection as part of its prepackaged restructuring plan meant to significantly lower its debt and keep the gambling company operating. The company is reportedly offering its bondholders $1 billion in new notes and $290 million in cash. Under the plan, owners of the company will also contribute $244 million to boost the company's balance sheet.

The article reports on the Vegas Bound advertising campaign of the city of Las Vegas in Nevada. Under its new marketing campaign, the city encourages hard-working citizens to take a break and revitalize themselves. Marketing experts asserted that it would be hard for the city to get consumers to spend money.

The article reports on the decision of gambling giant MGM Mirage to limit its City Center project that is under construction on the Las Vegas Strip in Nevada as of January 2009. According to the author, this move is part of the company's strategy to cut costs, raise money and sharpen focus. It states that the opening of the Harmon Hotel & Spa will be delayed by one year until 2010 and the planned construction of 200 residential units there will be canceled.

The article reports that MGM Mirage has sold its Treasure Island Hotel & Casino in Las Vegas, Nevada to Phil Ruffin Sr. for $775 million. MGM has sought to raise cash amid a downturn in the casino industry. Ruffin has a record of successful investments in Las Vegas, and was among the few potential buyers with sufficient cash to complete a deal.

The article reports on the dismissal of 216 full-time employees of Las Vegas Sands Corp. in its Las Vegas, Nevada properties, which is part of the overall effort of the company to reduce costs. Ron Reese, a spokesman for the company, said that most of those included in the layoffs are positions that does not interact with hotel or casino guests so it will not impact the customer experience in their properties. The company employs 10,000 workers in their two properties in the city and the cuts follows an earlier reduction in November 2008.

The article reports that MGM Mirage was able to get a $1.8 billion credit facility from a group of banks so it can push through with its CityCenter project in Las Vegas. These banks include Bank of America, Royal Bank of Scotland, and Deutsche Bank. The complex, however, needs $1.2 billion more to complete the $3 billion cost of the project. The CityCenter is co-owned by MGM with Dubai World and is expected to open in 2009.

The article announces the debut of St. Regis, a high end brand of Starwood Hotels & Resorts Worldwide Inc. in Las Vegas Strip, Nevada, as part of the deal in which Sherwood will manage a condominium of Las Vegas Sands Corp. Acording to the article, adopting the St. Regis brand for the new condominium will distinguish it from other developments expected to come onto the depressed market in the next few years. The $600 million development is adjacent to two massive resort complexes, the Venetian and the Palazzo and is scheduled to open in 2010.

The article reports the delay in building the $5 billion Plaza casino hotel in Las Vegas, Nevada. The groundbreaking of the project is scheduled instead on 2009 according to Elad IDB Las Vegas LLC spokesperson Michelle Tsang. The company has also postponed the payment of a $625 million loan. Credit market crises and a decrease in consumer traffic has affected a number of Las Vegas projects. The Plaza will feature seven towers including a hotel, private residences, retail stores, restaurants and a casino.

The article reports on the decision of Boyd Gaming Co. to suspend the construction of the $4.8 billion Echelon resort complex project on the Las Vegas Strip in Nevada due to financing problems, announced on August 1, 2008. The complex was expected to open in 2010 with almost 5,000 hotel rooms and a shopping district, among others. Morgans Hotel Group failed to secure $950 million in financing for the hotels, according to Boyd. The second-quarter net income of Boyd declined by almost 2%.

The article reports on the second-quarter profit loss of Las Vegas Sands Corp. in 2008. The loss is attributed to the costs that outpaced its revenue related to the opening of two new properties in Las Vegas, Nevada and Macau. According to the article, operating profit for the Las Vegas properties decreased from $57 million in 2007 to $42 million in 2008 which accounts for 26% of the revenue. Mindful of the challenging economic situation, Las Vegas Sands president Bill Weidner announced that the company plans to cut 1,500 jobs through attrition.

The article reports that casino operator Tropicana Entertainment LLC has filed for Chapter 11 bankruptcy, the largest corporate filing of 2008. The company missed an interest payment on a $1.32 billion loan from Credit Suisse Group. The bankruptcy indicates the problems of the gambling industry in the face of a U.S. recession and the collapse of the real estate bubble in Las Vegas, Nevada.

The article reports on the decision of Las Vegas, Nevada-based gambling company MGM Mirage to reduce around 440 management employees in 2008. There was a decline in gambling revenues in the city for the second straight month according to Nevada officials in April. MGM spokesman Alan Feldman noted that most of the staff cuts will come from Las Vegas. In the author's opinion, the downsizing is an indication of the exposure of the gambling industry to travel-industry declines.

The article reports on a 3.1% decline in gambling revenue along the Las Vegas Strip which sends shares of some casino operators down. It states that this performance is one sign of weakness in the tourist corridor. It also says that the city has shifted its business model from gambling to retail, spas, hotels and restaurants.

The article reports on the partnership between developer Related Cos. and Starwood Hotels and Resorts Worldwide's W Hotel group make a takeover bid for the financially ailing Cosmopolitan Resort Casino project in Las Vegas, Nevada. Deutsche Bank, the lender of the casino project, began foreclosure proceedings in March 2008 against developer Ian Bruce Eichner, on a $760 million loan. It notes that Eichner has blamed the problems of the project on the credit-market decline and an increase in construction costs since it started in 2005.

The article reports that the football team New York Giants 17-14 upset win in Super Bowl Sunday 2008 has been Las Vegas's loss. Accordingly, money surged into Las Vegas sports books supporting the Giants that dared several so-called experts who had guessed a large win by the New England Patriots. It states that state officials tally the action that has been assumed to hit a record $100 million in wagering.

The article reports that Ian Bruce Eichner, the developer of Cosmopolitan Resort Casino in the Las Vegas Strip, Nevada, is negotiating for a rescue from partners hotel giant Global Hyatt Corp. and hedge fund Marathon Asset Management in the $3 billion project. Eichner has defaulted on a $760 million predevelopment loan supporting the construction of the twin-tower resort casino. He says he would be satisfied if Hyatt and Marathon took over.

The article reports on a fire which damaged upper floors of MGM Mirage Monte Carlo hotel in Las Vegas, Nevada on January 25, 2008. Losses and the potential harm to guests were limited by the immediate containment of the blaze. Monte Carlo officials are considering reopening portions of the casino and hotel after the assessment of damage. A Clark County Fire Department spokesman cited the significance of water reservoirs on upper floors of the building to fire extinction.

The article reports on the new marketing campaign for the city of Las Vegas in Nevada. It notes that the campaign dubbed Your Vegas Is Showing reflects the reality that the city needs more tourists. The campaign which involves national television commercials, print ads and interactive Web site is designed to maintain the city's previous catch phrase, What Happens Here Stays Here, as well as promote its tamer features such as high fashion, extravagant shows and gourmet dining.

The article reports that casino workers in Las Vegas, Nevada, have contacted several labor unions, including the International Brotherhood of Teamsters, to organize, largely over the issue of tips. Casino operators, such as Wynn Resorts Ltd., began distributing a portion of tips to supervisors who oversee dealers.