Deconstructing a $1 Billion Disaster
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Market Experience Sheets KHS&S Gaming Project Experience
GAMINGCONSTRUCTION CityCenter Las Vegas, Nevada Whether your casino is a glitzy stunner in a major gaming hub or a welcoming vacation destination anywhere in the world, KHS&S can help create a gaming environment that meets the demands of discriminating guests and quality-driven casino operators. Experience gained by building more than 50 casinos allows KHS&S to bring unmatched expertise to the project. In addition, KHS&S’ extensive design-assist, BIM, IPD and prefab capabilities make us the perfect partner in today’s value driven environment and keeps us one of the most sought-after members of the building team. GAMING PROJECT EXPERIENCE Agua Caliente Casino, Rancho Mirage, CA Grand Casino, Tunica, MS Red Rock Casino, Las Vegas, NV Ameristar Casino St. Charles, St. Charles, MO Green Valley Ranch Resort, Henderson, NV Red Wind Casino, Olympia, WA Atlantis Casino and Resort, Reno, NV Harrah’s Atlantic City, Atlantic City, NJ Sahara Hotel and Casino, Las Vegas, NV Bally’s Wild Wild West Casino, Atlantic City, NJ Harrah’s Reno, Reno, NV Seminole Hard Rock Casino Hotel, Hollywood, FL Borgata, Atlantic City, NJ Harrah’s Shreveport, Shreveport, LA Seminole Hard Rock Casino Hotel, Tampa, FL Buffalo Thunder Resort, Santa Fe, NM Harrah’s Tahoe Casino Remodel, Lake Tahoe, NV Seneca Niagara Casino Bar, Niagara Falls, NY Casino Del Sol, Tucson, AZ Hollywood Casino at Penn National, Grantville, PA Station Casino, Kansas City, MO Casino Morongo, Cabazon, CA Horseshoe Casino, Cincinnati, OH Thunder Valley Casino, Sacramento, CA Caesars Boardwalk, Atlantic -
Lasvegasadvisor May 2021 • Vol
ANTHONY CURTIS’ LasVegasAdvisor May 2021 • Vol. 38 • Issue 5 $5 THE PASS OPENS Spruced up casino hits downtown Henderson … pgs. 1, 4, 5, 16 VIRGIN TERRITORY What’s the new joint all about? … pgs. 2, 8, 9, 12, 13, 14, 16 VAX PROMOS Take the shot, get a lot … pg. 3 BUFFETS Are they coming back? … pg. 7 POOL SEASON Cool pools open everywhere … pg. 14 CASINOS Local (702) Toll Free 2021 MEMBER Aliante Casino+Hotel+Spa ...................692-7777 ...... 877-477-7627 Aria .......................................................590-7111 ...... 866-359-7757 Arizona Charlie’s Boulder .....................951-5800 ...... 800-362-4040 REWARDS Arizona Charlie’s Decatur .....................258-5200 ...... 800-342-2695 Bally’s ...................................................739-4111 ...... 877-603-4390 Bellagio .................................................693-7111 ...... 888-987-7111 DINING, INCLUDING Binion’s .................................................382-1600 ...... 800-937-6537 “LOCAL CORNER”, DRINKS, Boulder Station .....................................432-7777 ...... 800-683-7777 Caesars Palace.....................................731-7110 ...... 866-227-5938 ATTRACTIONS, AND California ..............................................385-1222 ...... 800-634-6505 Cannery ................................................507-5700 ...... 866-999-4899 GAMBLING Casino Royale (Best Western Plus) ......737-3500 ...... 800-854-7666 Circa .....................................................247-2258 ...... 833-247-2258 Circus Circus ........................................734-0410 -
Communityw O 7 S 0 B &
INC PULATION REA PO DU SE RING U 20 NL % 13 2 V EN 7, 5 RO 8 . L 2 C LM 4 S 7 N EN 8 Y 062,2 3 T , 5 E 6 T E 3 NR , G 2 N O 6 A % EW N L I R COM S LM 2 G VE E C E 9 N A A RS N N I L RE T A .6 FR 3 V 3 I N 3 O , M E 3 L IO NR 9 U T OL F A LM 5 N E O S E ALIFO N L C R T R N M T A I U 4 U A S Q . 7 T E A O . o C 0 R C 0 0 9 E M 1 A P 9 FO 0 F G M IN R N O E T O T IN H 1 S S T E N O U E F C O 8 1 I C H G . R O S A 9 T R T N 7 I E 9 M V 0 E A 6 Y S R $ T S 3,086,745,000(ASSISTED BY LVGEA) S E NEW COMPANIES U N I D 26 S N I ANNUAL HOME SALES N 7 U 4 R EMPLOYMENT 5 T E E , COMMUNITYW O 7 S 0 B & 4 A T , 5 L 7 las vegasA perspective E 895,700 , 9.5% 6 L 7 6 UNEMPLOYMENT 4 0 RATE 6 E M M IS E LU A R LUM VO P TOU VO R M A CO ITOR E L R M VIS G TE S A T M N O M V E 6 H O G M ER M SS O $ . -
Morgans Annual Print
Dear Shareholders, 2014 was a very busy and exciting year for Morgans Hotel Group. We successfully completed several key initiatives and made significant progress on a number of critical projects, which together, have improved our Company and created a stronger foundation from which to grow. The Board and management team have been focused on executing a significant turnaround, while also keeping a keen eye on the quality of our offerings to ensure that our guests continue to have great experiences at our unique properties. We are pleased with the progress we have made to date to address the legacy issues impacting the Company and to position us to succeed in the future. Highlights include: refinancing the debt secured by Hudson and Delano South Beach on favorable terms and repaying maturing debt which strengthened our balance sheet, reducing corporate and hotel operating costs, settling costly litigation, and terminating several unfavorable management contracts. As a result, Morgans has been able to further sharpen its asset-light, brand focused strategy. During the year we strategically added three attractive hotels: Mondrian London, Delano Las Vegas, and 10 Karaköy. Mondrian London opened in September and is the first Mondrian property outside of the U.S., underscoring the popularity and evolution of that brand; Delano Las Vegas, which also opened in September, is a licensed hotel operated by MGM Resorts; and 10 Karaköy, a Morgans Original franchised hotel located in one of Istanbul’s most lively and flourishing districts, opened in November. Each of these hotels has unique designs with distinctive food, beverage and entertainment offerings, and embodies the creative spirit and energy that defines our Company. -
MGM Mirage Securities Litigation 09-CV-01558-First Amended
Case 2:09-cv-01558-GMN -VCF Document 152 Filed 04/17/12 Page 1 of 92 KESSLER TOPAZ NIX PATTERSON & ROACH, LLP MELTZER & CHECK, LLP BRADLEY E. BECKWORTH (Pro Hac Vice) RAMZI ABADOU (Pro Hac Vice) JEFFREY J. ANGELOVICH (Pro Hac Vice) STACEY M. KAPLAN (Pro Hac Vice) SUSAN WHATLEY (Pro Hac Vice) ERIK D. PETERSON (Pro Hac Vice) BRAD E. SEIDEL (Pro Hac Vice) 580 California Street, Suite 1750 LISA P. BALDWIN (Pro Hac Vice) San Francisco, CA 94104 205 Linda Drive Tel: 415/400-3000 Daingerfield, TX 75638 Fax: 415/400-3001 Tel.: 903/645-7333 Fax: 903/645-4415 ROBBINS GELLER RUDMAN & DOWD LLP ARTHUR C. LEAHY (Pro Hac Vice) BRIAN O. O’MARA (SBN 8214) RYAN A. LLORENS (Pro Hac Vice) 655 West Broadway, Suite 1900 San Diego, CA 92101 Tel.: 619/231-1058 Fax: 619/231-7423 Lead Counsel for Plaintiffs [Additional counsel appear on signature page.] UNITED STATES DISTRICT COURT DISTRICT OF NEVADA In re MGM MIRAGE SECURITIES No. 2:09-cv-01558-GMN-VCF LITIGATION CLASS ACTION This Document Relates To: FIRST AMENDED COMPLAINT FOR VIOLATIONS OF FEDERAL SECURITIES ALL ACTIONS. LAWS 699690_1 Case 2:09-cv-01558-GMN -VCF Document 152 Filed 04/17/12 Page 2 of 92 Lead Plaintiffs, Arkansas Teacher Retirement System (“Arkansas Teacher”), Philadelphia Board of Pensions and Retirement (“Philadelphia”), Luzerne County Retirement System (“Luzerne”) and Stichting Pensioenfonds Metaal en Techniek (“PMT”) (collectively “Lead Plaintiffs” or “plaintiffs”) bring this securities fraud class action pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”) against defendants MGM Mirage (now known as MGM Resorts International) (“MGM” or the “Company”), J. -
Save the Eadth, Hug a Hotel
Dec. 21, 2008 Save the earth, hug a hotel The Las Vegas desert greener than you think BY ALEZA FREEMAN Vegas.com as Vegas is viewed by most as a city of excess. We seem to have and waste too much of everything: Food, lights, money, booze, Elvis impersonators. You may think our “We get a bad rap l concept of “going green” is drinking in Vegas as Sin City, tinted beer on St. Patrick’s Day. But truth be told, when it comes to Las Vegas, image is everything. but the reality is that Behind the scenes, many of the city’s biggest Las Vegas is an energy hotel conglomerates — including Harrah’s Entertainment, Las Vegas Sands Corp. and efficient city.” MGM Mirage — are working overtime to — Eric Dominguez, reduce their carbon footprint and become more Director of energy and environmental environmentally friendly. services for Harrah’s Entertainment “We get a bad rap in Vegas as Sin City, but the reality is that Las Vegas is an energy efficient city,” said Eric Dominguez, director of energy and environmental services for Harrah’s Entertainment. “For example, we lead the nation in terms of solar production per capita. And we’re constantly looking for ways to make things better.” Clockwise JUST LETTING OFF STEAM from top of recycle graphic: Like an underground city, the chiller and CityCenter, seen in boiler rooms at the Paris Las Vegas are located a rendering, will seek among a series of plain, conservatively lit LEED certification when hallways, tucked below the casino level. it opens in 2009; Rooms While there are certainly many sexier sights at the Palazzo have air conditioning controls that use in Las Vegas, these often unseen facilities are less energy when the rooms are empty; Many of the light actually the hotbed of energy savings at this bulbs in the casino at Paris Las Vegas are energy efficient. -
An Analysis of the Environmental Content of Las Vegas Strip Hotels
UNLV Theses, Dissertations, Professional Papers, and Capstones 12-2007 An Analysis of the environmental content of Las Vegas Strip hotels Andrew M. Levey Follow this and additional works at: https://digitalscholarship.unlv.edu/thesesdissertations Part of the Gaming and Casino Operations Management Commons, and the Sustainability Commons Repository Citation Levey, Andrew M., "An Analysis of the environmental content of Las Vegas Strip hotels" (2007). UNLV Theses, Dissertations, Professional Papers, and Capstones. 613. http://dx.doi.org/10.34917/1752239 This Professional Paper is protected by copyright and/or related rights. It has been brought to you by Digital Scholarship@UNLV with permission from the rights-holder(s). You are free to use this Professional Paper in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself. This Professional Paper has been accepted for inclusion in UNLV Theses, Dissertations, Professional Papers, and Capstones by an authorized administrator of Digital Scholarship@UNLV. For more information, please contact [email protected]. AN ANALYSIS OF THE ENVIRONMENTAL CONTENT OF LAS VEGAS STRIP HOTELS Andrew M. Levey Bachelor of Science in Management Tulane University, New Orleans, Louisiana 2001 A professional paper submitted in partial fulfillment of the requirements for the Master Degree in Business Administration Department of College of Business College of Business Master of Science in Hotel Administration Department of William F. Harrah College of Hotel Administration William F. -
Recession and Its Affect on the Las Vegas Hospitality Industry
UNLV Theses, Dissertations, Professional Papers, and Capstones 4-30-2009 Recession and its affect on the Las Vegas hospitality industry William Provance University of Nevada, Las Vegas Follow this and additional works at: https://digitalscholarship.unlv.edu/thesesdissertations Part of the Gaming and Casino Operations Management Commons Repository Citation Provance, William, "Recession and its affect on the Las Vegas hospitality industry" (2009). UNLV Theses, Dissertations, Professional Papers, and Capstones. 564. http://dx.doi.org/10.34917/1721617 This Professional Paper is protected by copyright and/or related rights. It has been brought to you by Digital Scholarship@UNLV with permission from the rights-holder(s). You are free to use this Professional Paper in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s) directly, unless additional rights are indicated by a Creative Commons license in the record and/or on the work itself. This Professional Paper has been accepted for inclusion in UNLV Theses, Dissertations, Professional Papers, and Capstones by an authorized administrator of Digital Scholarship@UNLV. For more information, please contact [email protected]. Recession and Las Vegas 1 Running Head: RECESSION AND LAS VEGAS Recession and its affect on the Las Vegas Hospitality Industry William Provance University of Nevada – Las Vegas April 30, 2009 Recession and Las Vegas 2 TABLE OF CONTENTS Part One Introduction………………………………………………………………………. 4 Purpose…………………………………………………………………………… 5 Statement of objective……………………………………………………………. 5 Justifications…………………………………………………………………….... 5 Constraints………………………………………………………………………... 6 Glossary…………………………………………………………………………... 7 Part Two Introduction………………………………………………………………………. 9 Methodology……………………………………………………………………... 9 Literature Review………………………………………………………………… 10 Macroeconomic Environment: U.S. -
Las Vegas Casino & Hotel Market Outlook 2009
Las Vegas Casino & Hotel Market Outlook 2009 Shannon Okada, Associate Director, HVS Gaming Services HVS — Las Vegas HVS — LAS VEGAS 8170 W. Sahara Avenue, Suite 201 Las Vegas, NV 89117 United States of America +1 (702) 242-6723 OFFICE MAIN TELEPHONE HTTP://WWW.HVS.COM January 2009 New York San Francisco Boulder Denver Atlanta Miami Dallas Las Vegas Chicago Washington, D.C. Weston, CT Boston Mt. Lakes, NJ Mexico City Vancouver Toronto London Moscow Madrid Athens Dubai Mumbai New Delhi Singapore Hong Kong Beijing Shanghai São Paulo Buenos Aires Las Vegas Casino and Hotel Market Outlook 2009 Shannon S. Okada Associate Director Gaming Services Division, Vice President Consulting & Valuation HVS – Las Vegas Any previously held notion that the Las Vegas gaming-tourism industry is recession-proof was dispelled in 2008 as, to quote the Las Vegas Review Journal, “the imploding economy drove a stake though the heart of the Strip.” The downturn in the national and worldwide economies, and the resulting decrease in consumer consumption, has reduced visitation to the Las Vegas market in 2008 to levels not seen since 2004, which was prior to the opening of major properties including the Wynn Las Vegas, South Point, Red Rock Station, Palazzo, and Encore. As quality new supply is absorbed and operators have implemented strategies to compete for overnight guests to support gaming and other amenities, average daily room rate has dropped. The recession is prompting visitors and locals to gamble less. Challenging economic conditions, including the turmoil in the credit markets, have also resulted in a scaled-back development pipeline. -
Design Update
Design Update CREATING CITYCENTER MGM MIRAGE’s urbane and sustainable “city within a city” redefines Las Vegas CityCenter is for people who want the Las Vegas they’ve never seen before. Jim Murren, Chairman and CEO, MGM MIRAGE This is the future of Las Vegas—CityCenter is in an entirely different category. Bobby Baldwin, President and CEO, CityCenter CityCenter is the best example anywhere of a REINVENTING collaborative design process. Art Gensler, Founder and Chairman, Gensler LAS VEGAS Once a generation, Las Vegas reinvents itself. In the Rat Pack era, it embraced midcentury modernism. Then, The Mirage and Bellagio remade The Strip as an entertainment resort 12/16/09 destination. Early in this new century, MGM MIRAGE CityCenter Grand Opening envisioned a “city within a city”—a new symbol of Las Vegas that, in the words of CityCenter’s Bobby Baldwin, combines “the vitality of Las Vegas with the experiences tourists seek in great cities around the world.” In 2005, master plan in hand, MGM MIRAGE asked Gensler to join it and make CityCenter a reality. How our team helped reinvent Las Vegas is a case study in design leadership. Contents The vision 2Making it happen 14 The challenge 4Greening CityCenter 18 Design leadership 6The vision realized 22 Catalyst for ideas 8Project and team information 24 Branding the destination 10 Gensler Design Update CityCenter 1 CityCenter aims to transform Las Vegas as a new symbol at its core. Bobby Baldwin, President and CEO, CityCenter A CITY WITHIN A CITY THE VISION It took strong design leadership to bring the initial Bobby Baldwin on CityCenter: “This is one of the few CityCenter gives The Strip an urban core—a new plan and building program to a fully realized vision places in the world where we had a completely clean city-scale development that supports a rich, full, 24/7 of an urbane and dynamic place, the heart of a new canvas—and the resources for the best of everything life. -
Tropicana Avenue Corridor Study
P O R T A T N S I O N R A C T O L M A M I N S O I S I G O E N R OF SOUTHERN NEVADA TROPICANA AVENUE CORRIDOR STUDY Submitted By: MARCH 2008 THE Louis Berger Group, INC. TROPICANA AVENUE CORRIDOR STUDY THE REGIONAL TRANSPORTATION COMMISSION TABLE OF CONTENTS Chapter Page No. Chapter Page No. EXECUTIVE SUMMARY ..............................................................ES-1 6.0 ROADWAY IMPROVEMENT ALTERNATIVES ....................... 69 1.0 INTRODUCTION ....................................................................1 6.1 Construction of Intersection Improvements .................. 69 6.1.1 Construction of Dual Left Turn Lanes.............. 69 1.1 Overview of the Tropicana Avenue Corridor 6.1.2 Construction of Right Turn Lanes.................... 69 Within the Regional Transportation Network ..................1 6.1.3 Additional Intersection Improvements ............. 72 1.2 Corridor Description ........................................................3 6.1.4 Summary of Alternative 1.3 Planning Process ............................................................7 Intersection Improvements .............................. 73 1.4 Organization of Report ....................................................7 6.2 Construction of Raised Median..................................... 79 2.0 PURPOSE AND NEED................................................................8 6.3 Widening of Tropicana Avenue..................................... 80 6.3.1 Construction of a Fourth Westbound Lane 3.0 PLANNING FRAMEWORK .......................................................10 -
Las Vegas' Citycenter One of World's Largest Green Developments
LAS VEGAS’ CITYCENTER ONE OF WORLD’S LARGEST GREEN DEVELOPMENTS CityCenter, a Leader of Sustainable Urban Development, Driving Green Economies of Scale in Multiple Industry Segments LAS VEGAS – Created with a vision to bring a new level of environmental consciousness to the world-famous Strip, CityCenter is one of the world’s largest sustainable developments, from design and construction to operations and guest amenities. The U.S. Green Building Council has awarded LEED® Gold certification to ARIA Resort & Casino’s hotel tower, convention center and theater, Vdara Hotel & Spa, Mandarin Oriental, Las Vegas, Veer Towers and Crystals retail and entertainment district. This marks the highest LEED achievement of any hotel, retail district or residential development in Las Vegas. Using cutting-edge solutions, CityCenter has been able to grow responsibly without sacrificing the quality of materials or guest experience. Due to its size and purchasing power, CityCenter is driving green economies of scale in multiple industry segments, paving the way for other entities to build and operate sustainably. In November 2009, the Forest Stewardship Council- US (FSC-US®) honored CityCenter as the best commercial project of 2009 in the fifth annual Designing & Building with FSC Awards. CityCenter’s dedication to the use of sustainably harvested FSC-certified wood products is unprecedented in scale and resulted in a significant market transformation, including multiple wood suppliers receiving their FSC chain of custody certification to supply wood to the