Dragon City Las Vegas 22 acre site scheduled for real estate auction on May 16 at MGM Grand. Last January developer Andrew Lai filed Chapter 11 bankruptcy and defaulted on a Dragon City land loan.
The Asian themed hotel casino near Chinatown is located on Spring Mountain Road. The real estate auction will take place during the International Council of Shopping Center Convention at MGM Grand.
Legal action in $9.1 billion real estate Project CityCenter Las Vegas brought on by joint venture partner Dubai World against real estate developer MGM Mirage. Dubai World says their partner is mismanaging the resort located on the Las Vegas Strip. The project has been riddled with financial difficulties.
DC Shoes opens newest flagship store in Planet Hollywood Las Vegas, Nevada. They want to capture some of the 35 million worldwide visitors that travel to Las Vegas yearly that are fans of the DC brand.
The DC Shoes brand has been popular in Las Vegas and the extension of their flagship store the city seems like a natural progression. Many vacation in Las Vegas for sports events and enjoy action sports, too. Recently March Madness has lured large crowds of fans to enjoy sports events from around the country.
New owner of Treasure island Las Vegas hotel was approved last week. Phil Ruffin, previous owner of New Frontier, was ok’d by the Nevada Gaming Commission to become the new operator from MGM Mirage. They are the same company building the massive Project CityCenter Resort located on the Las Vegas Strip.
Ruffin changed his initial payment to MGM Mirage by adding $100 million to the $500 million initially agreed. This financial move is to decrease his total payment of $775 million by a $20 million discount.