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Gaming Research May 28, 2018 Ken Liu (702) 266-5620 CAESARS ENTERTAINMENT CORP
Gaming Research May 28, 2018 Ken Liu (702) 266-5620 CAESARS ENTERTAINMENT CORP. (NASDAQ: CZR) [email protected] 1630 S. Commerce St. Caesars has a significant presence in Las Vegas with a 63% EBITDA Las Vegas, NV 89141 exposure. Labor contracts for most Las Vegas casino resorts, including all but one of the Caesars properties, expire at the end of May. Last week, 25,000 union members voted to authorize a strike by a 99% margin. Main outstanding issues in CZR negotiations include technology, housekeeping workload study, union security in case of change of ownership, and wages and benefits. The difference between the two sides’ economic proposals is approximately $7.4 million in the first year and $8.9 million in the fifth year. A one-month strike could reduce CZR’s EBITDAR by nearly $120 million. Negotiations are scheduled for May 29 and May 30 Labor contracts for most Las Vegas casino resorts expire at the end of May. Collective bargaining agreements between UNITE HERE’s Culinary Local 226 and Bartenders Local 165 (“the Union”) and most of the casino resorts on the Las Vegas Strip and Downtown Las Vegas are set to expire at the end of this month. All Caesars properties except the Rio have contracts expiring at the end of the month. (See the end of this note for a list of properties at risk.) Caesars has a significant presence in Las Vegas with a 63% EBITDA exposure. Negotiations for a new 5-year deal covering all CZR properties’ approximately 12,000 workers started in March, but major differences remain between the unions and the company. -
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 -
Las Vegas Select Projects
BELLAGIO NOBU HOTEL AT CAESARS RED ROCK RESORT & SPA Las Vegas Select Projects American Airlines Admiral’s Club Golden Nugget Spa Palazzo Chairman Suites Aria Resort & Casino Green Valley Ranch Palms Casino Resort Aria Spa Hakkasan Executive Office Palms Fantasy Tower Bally’s Hard Rock PH Towers Westgate Bally’s South Tower Harrah’s Planet Hollywood Bellagio Hexx Restaurant RA Sushi Bellagio Entourage Suites Hilton Grand Vacations Paradise Red Rock Resort & Spa Bellagio Fitness Area Holiday Inn Express Renaissance Bellagio Spa Tower JW Marriott Rio Hotel & Casino Bellagio Steakhouse Las Vegas Arena Riviera Hotel & Casino Bellagio Suites Tower Las Vegas Arena MGM Suites Rock House Boca Park Las Vegas Fashion Show Mall Siena Trattoria Caesars Palace Augustus Tower Luxor Allied Esports Arena Stratosphere Caesars Palace Forum Tower Mandalay Bay The Linq Hotel & Casino Caesars Palace Roman Towers Mandarin Oriental The M Resort Spa & Casino Cosmopolitan Resort & Casino Marriott The Quad Resort & Casino Cosmopolitan East Tower Marriott Grand Chateau Tivoli Martini Bar Cosmopolitan Suites Metropolis Treasure Island Spa Court of Fountains MGM Grand Trophy Hills Drive Courtyard MGM Grand Stay Well Rooms Tru Las Vegas D Hotel MGM Grand Mansion Back Bay Trump Hotel D Hotel Suites MGM Mirage Vdara Condos Delano MGM Mirage Penthouses Vdara Hotel & Spa Delano Public Areas MGM Mirage Villas Veer Towers at City Center Drex Agency Monte Carlo Concert Hall Westin Embassy Suites Monte Carlo High Rise Park WLV Hotel & Spa Flamingo Hotel & Casino Monte Carlo Resort & Casino Wyndham Grand Desert Fontainebleau Resort Monte Carlo Resort Sambalatte Wynn Four Points MVC Grand Chateau Wynn Mojitos Four Seasons Nobu Hotel at Caesars Wynn Beauty Salon Golden Nugget One Summerlin ELECTRIC MIRROR® 425.776.4946 | electricmirror.com | [email protected] | © 2018 Electric Mirror. -
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 $ . -
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. -
Vdara Hotel & Spa 2600 W
Vdara Hotel & Spa 2600 W. Harmon Ave. Las Vegas, NV 89158 (866) 745-7767 – Room Reservations (866) 391-7111 – Spa Reservations (702) 692-6700 Media Information Website – vdara.com Facebook – Vdara Hotel & Spa Las Vegas Twitter – @VdaraLV Instagram – @VdaraLasVegas Fast Facts • Grand opening: December 1, 2009 • 57-story tower with 1,495 suites • AAA Four Diamond Award winner (2011 – 2020) • Forbes Four-Star Award (2012 – 2020) • Internationally inspired all-suite hotel and spa for those who love the excitement of Las Vegas but prefer to enjoy it in an exclusive, non-gaming, smoke-free environment • Solidifying its commitment to sustainability, Vdara has achieved LEED® Gold certification by the U.S. Green Building Council • Full-service wellness spa • Pool & Cabanas Vdara featuring 19 luxuriously appointed cabanas including six spa cabanas • 16,500 square feet of meeting space including the 6,400-square-foot Silk Road venue • Business services center • Dog Friendly; for an additional fee, guests may bring up to two furry friends with a combined weight of less than 70 pounds • Complimentary concierge services • Valet parking (currently self-parking available) • Daily laundry and dry-cleaning services (additional cost) • Wireless Internet access throughout hotel public areas and suites • Ownership: Joint venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp, a subsidiary of Dubai World • Designed by RV Architecture, LLC, a critically acclaimed international firm led by Rafael Viñoly • Vdara’s distinctive crescent shape and unique skin of patterned glass create one of the most striking design statements in Las Vegas • Adjacent to ARIA Resort & Casino and connected to Bellagio via a pedestrian walkway, offering direct access to the ARIA tram station • In 2021, U.S. -
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. -
Vdara Meetings Catering Convention Policies and Procedures
CONVENTION SERVICES POLICIES & PROCEDURES These Policies and Procedures are being provided to help ensure that all guests of Vdara Hotel & Spa receive uniform excellence in service. Please review them carefully. ACCESS AND RIGHT TO ENTER Representatives of Vdara Hotel & Spa may enter upon and have access to the function space at any time. Additionally, officers and authorized employees of governmental agencies may enter the function space at reasonable times, when necessary, in the performance of their official duties. ADDITIONAL LABOR CHARGES Additional labor charges may be incurred if a group requests changes to the room setup after the room has been set. Vdara Hotel & Spa will do their best to accommodate the room setup changes; however, it will be based on business levels and availability of our convention staff. At the time the change is requested, your CSM will advise whether or not the room setup change can be accommodated, the approximate time it will take to complete the changes, and if additional labor charges will apply. AMERICANS WITH DISABILITIES ACT Pursuant to the ADA Act of January 26, 1992, Meeting Group agrees to provide proper ramp access to all elevated exhibit booths and/or nonpermanent staging used for either exhibit or special event purposes. The ramp will meet ADA guidelines with regard to both seeing and mobility impaired persons. Segway scooters (at walking speed only) are permitted in public areas of the hotel only when the operator represents that the equipment is a mobility assistance device for a disability condition. Other operators without reported disability should be advised that the equipment is not accepted for use in public areas, including, but not limited to the Casino, theaters, Event Center, restaurants and the Convention Center. -
Deconstructing a $1 Billion Disaster
White Paper 2011 Deconstructing a $1 Billion Disaster How implementing digital desktop project management technology can revolutionize the architecture, engineering and construction industry’s communication, efficiency and overall project completion. by Allison Way, Think Big Partners April 13, 2011 Deconstructing a $1 Billion Disaster How implementing digital desktop project management technology can revolutionize the architecture, engineering and construction industry’s communication, efficiency and overall project completion. Executive Summary When Lord Norman Foster & Partners designed the Although there is no conclusive way to eradicate human Harmon Hotel as a non-gaming boutique, spa center, and error in the architecture, engineering, and construction upscale resort at CityCenter Las Vegas, the company did (AEC) industry, there is a way to minimize it. not predict that the project would be cut in half…literally. In 2008, when detrimental flaws were discovered during inspection of the building, work on the Harmon Hotel was halted. After surveying many of the building’s defects, “Successful completion of a construction project depends on architects and designers had to backtrack and redesign the accurate, effective and timely communication, formation, and hotel, reducing it from forty-nine stories to twenty-eight. then exchange of critical information. To make this happen, elements of the AEC industry have started to move away from Due to the drastic design alterations, time constraints, traditional communication methods…and have started to rely budget cuts, and lack of communication, construction of heavily on online collaboration and project management (OCPM) the Harmon Hotel was delayed indefinitely and is to be technology.” demolished completely by 2012. Dr. Burçin Becerik1 Placing blame for the Harmon Hotel incident is near Harvard University School of Design impossible. -
2020 Las Vegas Hotels
P E I C O N V E NTI O N AT T H E N A C S S H O W - - O c t o ber 1 1-1 4 2 0 2 0 2 020 L AS V E G A S H O T E L S PEI HOTELS ARE INDICATED IN RED 2020 1. ARIA Resort & Casino 1. ARIA Resort & Casino 2. Bellagio 2. Bellagio 21 3. Caesars Palace 3. Caesars Palace 20 4. *Courtyard by Marriott Convention Center 10 4. *Courtyard by Marriott Convention Center 11 5. Elara, a Hilton Grand Vacations Hotel 5. Elara, a Hilton Grand Vacations Hotel 6. *Embassy Suites Convention Center 29 6. *Embassy Suites Convention Center 7. Flamingo Las Vegas 22 7. Flamingo Las Vegas 8. *Hampton Inn & Suites Las Vegas Convention Center 8. Harrah’s Las Vegas 9. Harrah’s Las Vegas 13 CONVENTION 9. Hilton Grand Vacations Club on the Las Vegas Strip 19 CENTER 10. Hilton Grand Vacations Club on the Las Vegas Strip 27 4 11. *Hilton10. *Hilt onGrand Grand Vacations Vacations onon PaParadiseradise 8 11. Las Vegas Marriott Convention Center 30 18 12. *Home2 Suites by Hilton Las Vegas Convention Center 12 13. *Las12. MGM Vegas Gr andMarriott Hotel & ConventionCasino Center 6 14. MGM13. New Grand York-New Hotel Yo r&k HoCasinotel & Casino 15. New14. Pa York-Newris Las Vegas York Hotel & Casino 25 16. Paris15. Pa Lasrk MGM Vegas / NoMad Las Vegas 9 17. Park16. *R MGMenaissan / NoMadce Las Vegas Las HoVegastel 24 18. *Renaissance17. *Residence LasInn bVegasy Marr Hoteliott Convention Center 3 7 26 19. -
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.