Selling a casino to a landlord for a mountain of cash sounds pretty tempting. There are also some big strings attached — and not every hotel boss in Las Vegas is interested right now. Executives … [Read more...] about Not every casino boss in Las Vegas wants to sell, lease back resort
Business Columns
Nevada’s real estate transfer tax could climb — but many big sales don’t generate any
From Bellagio and The Cosmopolitan of Las Vegas to the Rio, Palms and beyond, numerous Las Vegas properties sold for huge sums without producing a dime of real estate transfer taxes. The result is … [Read more...] about Nevada’s real estate transfer tax could climb — but many big sales don’t generate any
Commercial gaming growth nationwide seems to have no end in sight
How good has gross gaming revenue been nationwide in 2022? Extraordinarily good. While revenue records fall on a regular basis in Nevada — revenue levels are up 10.2 percent in the first 11 months … [Read more...] about Commercial gaming growth nationwide seems to have no end in sight
LVCVA moves on after deal to build Strip resort fails
The books have been closed on the failed deal that would have brought a 50-story, 2,000-room resort next to the Fontainebleau Las Vegas. Las Vegas Convention and Visitors Authority President and CEO … [Read more...] about LVCVA moves on after deal to build Strip resort fails
Sale of Mirage shines light on high-priced casino rents on Strip
When The Mirage changed hands this week, it marked the beginning-of-the-end for its iconic volcano attraction. The sale also shed more light on a growing, lucrative real estate trend on Las Vegas … [Read more...] about Sale of Mirage shines light on high-priced casino rents on Strip