ATLANTIC CITY, NJ—Hard Rock International plans to construct what it terms a boutique casino facing the boardwalk here.
The proposed development would have fewer than 200 guestrooms and a casino under 30,000 square feet in size.
The projected cost of the project would be $300 million. The company needs to obtain permitting and a casino license before construction can begin.
LAS VEGAS--Tropicana Las Vegas, Inc. has appointed Joni Peru as vp/sales.
She is responsible for convention sales and services, catering and audio visual for Tropicana Las Vegas.
Peru previously was director of sales and national sales manager for The Mirage Casino Hotel where she worked for six years. She also held the positions of assistant director of sales, sales manager and senior convention services manager at New York-New York.
The Tropicana Las Vegas is currently undergoing a major renovation that is scheduled for completion in the fall, and includes the redesign of every hotel room and suite, the casino, the convention center and exhibit hall, the pool area, several new restaurants, bars, a new poker room, and a new race and sports book.
ATLANTIC CITY, NJ—MGM Mirage plans to divest its 50% interest in The Borgata Resort and Casino here.
MGM Mirage is taking the step to satisfy demands of the New Jersey Division of Gaming concerning the company's practices in Macau.
Boyd Gaming owns the remaining 50% of The Borgata and has the inside track on acquiring MGM Mirage's stake.
LAS VEGAS, NV— Financier Carl Ichan has offered a high bid of $156 million
for the 3,800-room Fontainebleau Casino & Resort here.
Construction on the $2 billion project came to a halt earlier in the year. Fontainebleau Las Vegas, LLC, the original developer, which is owned by members of the family controlling Turnberry Associates, then filed for Chapter 11 bankruptcy protection.
The project, which is 70% completed, is scheduled to be auctioned next month.
The Icahn bid was first reported by Reuters.
LAS VEGAS, NV--
Planet Hollywood had defaulted on a significant portion of its mortgage earlier in the year. Harrah's then acquired a percentage of the debt.
If Harrah's completes the transaction, it would replace Starwood Hotels & Resorts Worldwide as manager of the property. Harrah's already owns and manages a number of properties on the southern end of The Strip near where Planet Hollywood is located.
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