VegasTripping News Desk:

Mergers & Acquisitions




Red Rock Resorts Buys Palms for $312.5M

Red Rock Resorts (fresh off an IPO that changed their name from Stations Casinos) confirmed rumors today that they have purchased The Plams for $312M... » continue


Bloomberg: Palms Is For Sale

Bloomberg Business is reporting that The Palms has contracted with Macquarie Group to "explore a possible sale" with a sale target price at "several hundred... » continue


Derek and Greg Stevens To Take Full Ownership of The Golden Gate

Nevada Gaming Control Board nonrestricted agenda contains items on their docket which amounts to finding of suitability of Derek and Greg Stevens for 100% ownership... » continue


Sam Sells SBE's SLS Stake

When SBE Entertainment honcho Sam Nazarian announced his company was buying the Sahara, touting plans to transform the aging landmark hotel into a destination that... » continue


Meet The New Owners of Vegas.com

Greenspun Corporation (publishers of the Las Vegas Sun, Vegas Inc. and other glossy magazines) have sold Vegas.com, their online ticketing and hotel reservation system to... » continue


Rumor Department: Mirage to be Converted Into Fertilizer Storage Facility

Yesterday, in a quarterly earnings call, MGM Resorts International CEO Jim Murren put to rest rumors of a pending sale of the Mirage. But that... » continue


Penn National Buys The New Tropicana of Las Vegas A DoubleTree By HIlton for $360m

Penn National, owners of M Resort have entered into an agreement to purchase The New Tropicana Las Vegas A DoubleTree By Hilton from the partnership... » continue


Packer and Pascal Purchase New Frontier Parcel

Melbourne based Crown Resorts LTD announced on Monday August 4, 2014 that they have entered into an agreement with former Wynn Resorts President and COO... » continue


Caesars Linq's The Quad

I knew something was afoot this weekend when I saw this sign on the elevator banks. And the next day, this... paint color tests and glass... » continue


Update: LVH Has Been Sold

Time to ransack the gift shop! The Las Vegas Hotel has been sold to Westgate Resorts for roughly $150 million bucks. @Johnnykats has the news. Some... » continue


Update: Delayed Delano Las Vegas Walks Back Dates

Here's a quick update to last week's story about Delano Las Vegas being delayed. Delano Las Vegas, the rebranded THEhotel, was originally scheduled to open in... » continue


Delano Delayed

Delano, the boutique hotel brand by Morgans Hotel Group slated to take over THEhotel at Mandalay Bay in late 2013, has been delayed. It is unclear... » continue


WOW: Las Vegas Sun Reporter Steals Our Linq Post

I'm not so sure why this shocks me so, but it appears that Las Vegas Sun and VegasInc reporter Ed Komenda has apparently ripped off... » continue


Barbary, Bill's, Gansevoort.

Hot off the press releases: Bill's Gamblin' Hall and Saloon will reopen as Gansevoort Las Vegas in January 2014. Gansevoort Hotel Group operates a... » continue


Executive Shuffle: Revel's DeSanctis Out, Wynn's Poster Quits

Here's a bit of a shocker.... barely two weeks into his post-Marilyn promotion to COO at Wynn, Tim Poster has abruptly left the company. ... » continue


Wow: Boyd Sells Echelon To Genting for $350M

I'll bet Sam Nazarian wakes up with a boner this morning. Boyd Gaming has elected to pull the rip cord on the long stalled Echelon Place... » continue


Ruffin Eyeballing Strip Properties

Treasure Island owner Phil Ruffin appeared on local flasher Jon Ralston's reportage to discuss everybody's favorite subject - the Las Vegas casino industry. In the interview,... » continue


Meet The New LVH

When the Atlantic City Hilton changed its name to the ACH, we all knew it was only a matter of time before the Las Vegas... » continue


The Tits Hit The Fan At Hooters

The fight for control of the Hooters Hotel and Casino - an ongoing grudge match between Hooters and their foreclosing lenders - has turned from... » continue


Morgans Hotel Group Buys Majority Stake In Light Group

Today, Morgans Hotel Group announced in a statement that it had reached an agreement to purchase 90% stake in nightlife pioneer The Light Group for... » continue


Golden Gate Owners Take Control of Fitzgeralds

Today, downtown's venerable Fitzgerald's Casino and Hotel, was taken over by Golden Gate's majority owners, Derek and Greg Stevens d/b/a Desert Rock Enterprises II. As you... » continue


Priest Purloins Parish Plate to Pay for Poker Passion

In all honesty, that headline should read something like "Priest Steals from Parish Donations in Order to Subsidize Raging Video Poker Addiction," but hey, a... » continue


Golden Gate Buys Fitzgeralds in Estate Sale

Cries of horror accompanied the reading of casino impresario and cable tv magnate Don Barden's will yesterday as he left the crown jewel in his... » continue


Is The Palazzo Brand's Days Numbered?

Over the last few months, some strange things have been happening to the exterior of Palazzo and Venetian which make me wonder if Las Vegas... » continue


Updated: Maloof Sells Control of Palms to TPG/Leonard Green

George Maloof has given up control of the Palms to Texas Pacific Group / Leonard Green in exchange for an investment which extinguishes approximately $400M... » continue


Penn National Close To Cosmopolitan Deal?

The rumor mill is squeaking out word that Penn National Gaming, fresh off the closure of their purchase of M Resort, is working on a... » continue


The Sinatra Smash: Now Served With Umbrellas

Several large umbrellas, actually. Now you don't have to trek all the way to the quietest corner of Encore to grab Five Hundy By Midnight's favorite... » continue


Lady Luck Changes Hands

The Review Journal is reporting that the owners of Lady Luck - CIM Group - "will turn redevelopment of the long-shuttered downtown hotel and management... » continue


Penn National Officially Takes Over M Resort

Yesterday, the Nevada Gaming Commission approved Penn National Gaming's takeover of the M Resort which was acquired in a $230M debt swap in October 2010. When... » continue


FiveThirtyEight on Poker's Black Friday

The great Nate Silver from the New York Times blog FiveThirtyEight, known for using statistical analysis to predict baseball and political outcomes, has turned his... » continue


The Sahara Is Closing

We've been hearing rumblings through Las Vegas public relations channels that an announcement about the future of the Sahara will be released to the press... » continue


Caesars Palace To Rebrand Centurian Tower As Nobu

Caesars Palace announced today that they are planning to convert the Centurion Tower into a boutique hotel using the Nobu restaurant brand as developed by... » continue


The Sahara's Shifting Sands

When SBE Entertainment pulled out Stockbridge Real Estate Funds' checkbook and bought Sahara from the Bennett family for $350M exactly four years ago - March... » continue


Welcome Misnomer!

I am incredibly happy to announce that the infinitely hysterical master of The Board, Misnomer, has agreed to become an official member of the VegasTripping... » continue


The Borg Assimilating Plams

We've been hearing about the Harrah's Buying Palms thing for almost a year, but now - with Harrah's changing its name to Caesars Entertainment and... » continue


Caesars Entertainment Corporation : Uhm... Yeah!

As we warned you last week, Harrah's changed their name to Caesars Entertainment Corporation yesterday and launched a new corporate website and unleashed their new... » continue


Sayonara Harrah's Entertainment

Sayonara Harrah's Entertainment, it has been a long, lovely run. Effective tomorrow, Harrah's Entertainment will officially go by the name of Planet Loveman Caesars... » continue


Vegas Gang #52 : M and Penn, MGM Numbers and More

On the most recent episode of the Vegas Gang Podcast, the gang takes on a whole bunch of thorny subjects including Penn National's recently announced... » continue


Penn Gets M Resort In $230M Debt Swap

The rumors are now fact. After playing footsie with nearly every semi-available casino up and down the Strip, Penn National CEO Peter(ino) Carlino finally found a... » continue


Rumor Mill: M Is Now Penn's

Quick note for those of you not tuned into Norm Clarke's Twitter feed (read: everyone), it looks like tomorrow might bring an announcement that Penn... » continue


Nightclub Titan Pure Bought By Angel Management

Angel Management Group - operators of Studio54, Wet Republic, mix, Rok and other party zones - have acquired Pure Management Group, owners of Pure, LAX... » continue


Rumor: Boyd Buying Rio

We're hearing some chatter on the airwaves that Harrah's has sold the Rio to Boyd Gaming. Boyd announced earlier this week that they were suspending their... » continue


Starwood Takes Over Riviera : Updated

As has been rumored for a few months, the Starwood Capital Group - a private investment firm which originally funded, but now does not own... » continue


Riviera Files For Chapter 11 Bankruptcy

The Riviera's parent company, Riviera Holdings Corp. has filed pre-packaged Chapter 11 bankruptcy earlier this afternoon. Riviera Holdings owns and operates the Riviera Hotel & Casino... » continue


Sayonara Greek Isles!

Not exactly sure when this happened, but the Greek Isles has officially changed its name and junk to Clarion Hotel. I'm guessing this... » continue


Harrah's Selling Rio, Again

If you believe rumors, the Rio had been bought and sold more often than any other Las Vegas casino, with Mirage gaining ground. Today, Business Week... » continue


Tip Tax Foe

Let's say that you are in the unenviable position of having to call your credit card company (I personally would rather eat a Twinkie from... » continue


Planet Hollywood Enters Total Rewards

We've often said that Total Rewards is both the best and worst casino loyalty club. The easy website and comps for slot players is awesome.... » continue


The Borg Assimilates Planet Hollywood

Effective tomorrow at noon, The Borg* will officially take over casino operations at Planet Hollywood, assimilating it completely into its own. Whatever could be next? The Las... » continue


Black Hills Booozehound and the Circus Circus of Doom (A Choose-Your-Own-Adventure Column)

This may come as a surprise to some of you, but I collect shot glasses from my journeys. I know! I'll give you... » continue


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