CityCenter condominium sales, once anticipated to be a $2.7 billion venture, brought in $490 million in 2010, according to MGM Resorts International’s year-end financial release. The 67-acre Strip development has three high-rise residential developments: Mandarin Oriental, Vdara and Veer Towers.
Casinos & Gaming
Trump Entertainment Resorts agreed Monday to sell its Trump Marina Hotel Casino to the Texas-based parent company of the Golden Nugget Las Vegas and Laughlin for $38 million.
An eerie, disturbingly uncomfortable hush fell over the audience Friday at Preview Las Vegas 2011 after speaker Jeremy Aguero finished his tale about the rise and fall of a great economy.
Wynn Resorts Ltd. on Thursday reported better-than-expected profit and earnings in the fourth quarter, which the casino operator attributed to improving business conditions in Las Vegas and robust growth in Macau.
Nevada ended two straight years of declining gaming revenues by the slightest of margins. The Gaming Control Board said Thursday that casinos statewide collected $10.4 billion in gaming revenues in 2010, an increase of 0.1 percent, or roughly $12 million, compared to $10.39 billion in gaming revenues reported in 2009.
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