Calculated Risk: Las Vegas land prices: 80% off peak
From Buck Wargo at the Las Vegas Sun: Foreclosures on land pushing prices back to 2003 levels. Since the peak of the market in 2007′s fourth quarter of $939400 per acre for land not on the Strip, prices have fallen 80.6 percent, … More…
Convention attendance hurts Las Vegas Hilton’s earnings – Las Vegas Sun
Convention attendance hurts Las Vegas Hilton’s earningsLas Vegas SunThe owner of the 2950-room Las Vegas Hilton hotel-casino on Paradise Road today disclosed it lost money during the fourth quarter …and more » More…
Boyd Gaming 4th-quarter loss narrows on reduced expenses, improving … – Washington Examiner
LAS VEGAS Casino operator Boyd Gaming Corp. posted a smaller fourth-quarter loss Tuesday, helped by significantly lower expenses and improving business in Las Vegas. Signs that the casino market may be stabilizing in Las Vegas is critical for …
Macau Properties Prop Up Las Vegas Sands – Newsblaze.com
Las Vegas Sands Corporation lost $113.9 million in 2009′s fourth quarter, according to their announcement on Wednesday. This was a significant improvement to 2008′s fourth quarter, when they lost $136.5 million, but it capped off an incredibly …
Travel Roundup: MGM Mirage’s Default, Alaska’s “Say On Pay,” Las … – BNET
Dividend.comTravel Roundup: MGM Mirage’s Default, Alaska’s “Say On Pay,” Las …BNET, CaThe Las Vegas-based gaming company postponed its fourth-quarter and annual report to March 17. [Source: Dow Jones, Associated Press) Alaska seeks shareholder pay approval — Alaska Air Group Inc. seeks shareholder “say on pay” for its top five …MGM Mirage: Could Violate Debt Covenants This Year CNNMoney.comRESEARCH ALERT-Keybanc downgrades MGM Mirage to hold ForbesMGM Mirage casino co. says it may default on debt The Associated Press Casino City Times - Boston Globe all 247 news articles More…
Wynn Reports Quarterly Loss on Las Vegas, Tax Expense – Bloomberg
RTT NewsWynn Reports Quarterly Loss on Las Vegas, Tax ExpenseBloomberg24 (Bloomberg) — Wynn Resorts Ltd., the biggest US casino company by market value, reported a fourth-quarter loss as gambling tumbled in Las Vegas and it booked a $98.8 million tax expense. The net loss was $159.6 million, or $1.49 a share, …Escape to Encore Las Vegas and enjoy a groovy stay Dallas Morning NewsWynn Resorts reports 4Q loss of $159.6 million San Jose Mercury NewsWynn Resorts, Melco post losses Reuters Seeking Alpha - MarketWatch all 84 news articles
Las Vegas Sands Corp. to Announce Fourth Quarter 2008 Financial … – MSN MoneyCentral
LAS VEGAS , Feb. 9 /PRNewswire-FirstCall/ — Las Vegas Sands Corp. LVS today announced that it will hold its quarterly conference call to discuss financial results for the quarter ended December 31, 2008 , on Wednesday, February 11, 2009 . The live …
Las Vegas Sands Swings To Loss in Tough Market – Wall Street Journal
WWLP 22NewsLas Vegas Sands Swings To Loss in Tough MarketWall Street Journal - Feb 11, 2009By TAMARA AUDI Full hotels and increased revenue weren’t enough to keep Las Vegas Sands Corp. from losing $111 million in the fourth quarter of 2008, …Las Vegas Sands faces Macau, Las Vegas pressures ForbesRecession cuts profit for Las Vegas Sands International Herald TribuneLas Vegas Sands swings to loss MarketWatch Reuters - Forbes all 130 news articles More…
Las Vegas Sands Posts Loss; Sales Miss Estimates (Update2) (Bloomberg)
Feb. 11 (Bloomberg) — Las Vegas Sands Corp. , the casino company controlled by billionaire Sheldon Adelson , posted a fourth-quarter loss after gamblers spend less and the company wrote down assets in Asia.