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Harrah's Las Vegas
Harrah's Las Vegas is a hotel and casino centrally located on the Las Vegas Strip in Paradise, Nevada. It is owned by Vici Properties and operated by Caesars Entertainment. The property originally opened as a joint venture with Holiday Inn. Construction began in April 1970, and the hotel portion opened on February 1, 1972, as the Holiday Inn Center Strip. The casino portion, known as the Holiday Casino, opened on July 2, 1973. Shelby Williams was among the casino's investors. After his death in 1977, his wife Claudine Williams took over operations. Holiday Inn purchased an interest in the casino operation in 1979, and bought out Williams entirely in 1983, although she would remain as chairwoman. In 1990, Holiday Inn transferred ownership of the resort to The Promus Companies, which then ended the franchise agreement with the hotel company. The property was renamed Harrah's Las Vegas in April 1992, and Promus would change its name to Harrah's Entertainment in 1995, before ultimatel ...
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Las Vegas
Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels together with their associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks as one ...
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Leaseback
Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. The concept can also be applied by national governments to territorial assets; prior to the Falklands War, the government of the United Kingdom proposed a leaseback arrangement whereby the Falklands Islands would be transferred to Argentina, with a 99-year leaseback period, and a similar arrangement, also for 99 years, had been in place prior to the handover of Hong Kong to mainland China. Leaseback arrangements are usually employed because they confer financing, accounting or taxation benefits. Leaseback arrangements After purchasing an asset, the owner enters a long-term agreement by which the property is leased back to the seller ...
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Rio (hotel And Casino)
The Rio is a hotel and casino near the Las Vegas Strip in Paradise, Nevada, United States. It is owned by Dreamscape Companies LLC and operated by Caesars Entertainment. It includes a casino and 2,520 suites. It features a Brazilian theme based on Rio Carnival. The Rio opened on January 15, 1990, with a casino and 424 suites. It was the first all-suite hotel in the Las Vegas Valley. It was owned by Anthony Marnell and built by Marnell Corrao Associates. The property struggled during its first two years because of its off-Strip location, but it would eventually thrive. The Rio's success prompted a number of hotel expansions in the 1990s. The hotel includes the three-wing Ipanema Tower, which stands at 20 stories. A 1997 renovation added Masquerade Village, a two-story retail and restaurant complex which also featured the ''Masquerade Show in the Sky''. The 41-story Masquerade Tower was added as well. In 1999, Marnell sold the Rio to Harrah's Entertainment for $766 million. The ...
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Clark County, Nevada
Clark County is located in the U.S. state of Nevada. As of the 2020 census, the population was 2,265,461. Most of the county population resides in the Las Vegas Census County Divisions, which hold 1,771,945 people as of the 2010 Census, across . It is by far the most populous county in Nevada, and the 11th most populous county in the United States. It covers 7% of the state's land area but holds 74% of the state's population, making Nevada one of the most centralized states in the United States. History Las Vegas, the state's most populous city, has been the county seat since its establishment. The county was formed by the Nevada Legislature by splitting off a portion of Lincoln County, Nevada, Lincoln County on February 5, 1909, and was organized on July 1, 1909. The Las Vegas Valley (landform), Las Vegas Valley, a basin, includes Las Vegas and other major cities and communities such as North Las Vegas, Henderson, Nevada, Henderson, and the unincorporated community of Parad ...
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Harrah's Las Vegas 35-story Tower (2009)
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gaming company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a p ...
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Bass PLC
Six Continents was a large British-based hotel and hospitality business which was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. History The company was formed in June 2000 when the brewing business of Bass plc was sold to the Belgian brewer Interbrew (now AB InBev) and the remaining hotel and pub holdings were renamed Six Continents plc. In April 2001, Six Continents bought the UK-based Posthouse Hotels business from Compass Group for £810 million, and during the following year re-branded the 79 hotels to Holiday Inn. In 2003 it de-merged into a pubs business, Mitchells & Butlers, and the remaining hotels and soft drinks business of Britvic, were renamed as InterContinental Hotels Group. Brands and companies Six Continents owned, managed or franchised the hotel brands InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, and Staybridge Suites. Its pubs and restaurants included All Bar One, Browns, Edward's, Ember Inns, Harv ...
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Harrah's Entertainment
Harrah's Entertainment (later named Caesars Entertainment Corporation, previously The Promus Companies) was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gaming company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment. At the end of its existence, Caesars was a public company, majority-owned by a group of private equity firms led by Apollo Global Management, TPG Capital, and Paulson & Co.; and Carl Icahn. Caesars's largest operating unit filed for Chapter 11 bankruptcy protection in 2015, which led to the foundation of Vici Properties as a result. History William F. Harrah era (1937–1978) The company's background can be traced to October 29, 1937, when Bill Harrah opened a small bingo parlor in Reno, Nevada, a p ...
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Marnell Corrao Associates
Marnell Corrao Associates is a privately held company specializing in architecture and general contracting services that is based in Enterprise, Nevada. The company was founded in 1974 and is the country’s oldest and largest hotel casino design/build firm. The company specializes in large-scale projects and concentrates their efforts in the casino arena. History By 2002, the company had completed construction of over 55,000 hotel rooms and over 70,000 by 2005. Received approval on October 17, 2005, for a new project on Las Vegas Boulevard in Henderson. The project, named '' M Resort'', is located on a site. The casino opened on March 1, 2009. Marnell Companies worked with Square One and construction company Osage Manhatta Builders on the Osage Casino Hotel-Ponca City, Oklahoma in 2012-13. Architecture projects * Bellagio *Forum Shops *Stardust *Rio All Suite Hotel and Casino *Avi Resort & Casino *Borgata *Wynn Las Vegas *Texas Station *Lumiere Place Horseshoe St. Louis, fo ...
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Silver Slipper
The Silver Slipper was a casino in Paradise, Nevada, that operated from September 1950 to November 29, 1988. The building was designed by architect Martin Stern, Jr. History Opened in 1950, the casino was built on the grounds of the Last Frontier Village of the Hotel Last Frontier, and was originally named the Golden Slipper Saloon and Gambling Hall. The owner originally wanted to call it the Silver Slipper, but there already was an existing establishment with that name. The problem was solved when that small operation was purchased and closed, and the Golden Slipper became the Silver Slipper. The casino was known for its rotating slipper that sat atop the casino. In April 1964, the casino became the first in Nevada to be shut down on cheating charges. Agents raided the Silver Slipper for using "flat" dice and for having other rigged games. On April 30, 1968, the Silver Slipper was purchased by businessman Howard Hughes for $5.4 million in his famous spending spree of buying ...
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Irwin Molasky
Irwin Molasky (February 22, 1927 – July 4, 2020) was an American real estate developer and philanthropist from Las Vegas, Nevada. He was the Chairman of The Molasky Group of Companies. Early life Irwin Molasky was born to a Jewish family on February 22, 1927 in St. Louis, Missouri. Molasky moved with his family to Dayton, Ohio. He served in the United States Military after World War II. His father ran an Ohio newspaper distribution business and managed several apartments.A.D. HoplinkasIrwin Molasky '' Las Vegas Review-Journal'', September 12, 1999 Molasky went to a military high school and attended college and worked during summers as a teenager. He attended Ohio State University and transferred to the University of California, Los Angeles (UCLA), but did not graduate from either institution. Instead, he worked his way up in construction. Real estate development Molasky moved to Las Vegas, Nevada in 1951. Soon after arriving he bought property and built an 18-room motel, The Py ...
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Million Dollar Quartet (musical)
''Million Dollar Quartet'' is a jukebox musical with a book by Colin Escott and Floyd Mutrux. It dramatizes the Million Dollar Quartet recording session of December 4, 1956, among early rock and roll/country stars who recorded at Sun Studio in Memphis, which are Elvis Presley, Johnny Cash and Carl Perkins, and newcomer Jerry Lee Lewis. The musical opened on Broadway in 2010, after several tryouts and regional productions, and spawned a 2011 West End production. Productions Florida and Washington (2006–2008) The musical premiered at Florida's Seaside Music Theatre, running from November 9 to December 4, 2006, and was then staged at the Village Theatre in Issaquah, Washington, in September through October 2007, and Everett, Washington, in January 2008, breaking box office records. Chicago (2008–2016) The musical had a limited run at Chicago's Goodman Theatre, opening on September 27, 2008. Mutrux co-directed the Chicago production with Eric D. Schaeffer, Artistic Director of ...
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