Station Casinos lists land parcels for sale

The recession rolls on. Debt-strapped Station Casinos has listed the 30 acre former site of the Castaway Casino with a local commercial broker and is asking $39.5 million for it. Two additional parcels were also offered for sale ; nearly 8 vacant acres near Boulder Station and almost 5 acres adjacent to Sunset Station. The gaming company is attempting to accumulate cash in order to improve their position with bondholders who are critically important for signing off on a prepackaged bankruptcy plan that Stations has prepared.

I'm curious if some of the execs at these financially strapped Vegas resorts just meander around with a constant thought in their minds such as "Slap me, beat me, make me write hot checks" ? I hope they all hang in and things improve sooner than later.


Cheers...
Chuck60

Southwest Vacations deal : Save up to $100 and get a free airport shuttle

Southwest Vacations just announced 3 ($75 savings per reservation) or 4+(save $100 per reservation) night air - hotel package specials involving any MGM Mirage property in Las Vegas. As an additional goodie, they will provide free transportation to and from McCarran Airport for your convenience. Restrictions include a 5 - day advance purchase and must be booked now through April 30th for travel between 4/25 and 10/28, 2009. Some representative package deals from specific departure cities, specific MGM Mirage properties, and 3 night stays are :

Albuquerque / MGM Grand from $280 per person

Chicago / Excalibur from $276 per person

Indianapolis / Bellagio from $378 per person

Houston / Excalibur from $248 per person

Sacremento / MGM Grand from $254 per person


Sachet to Vegas and save with these deals. Typically, the above and all listed fares at the linked site do not include those spurious taxes and fees. A subtle yet important plus associated with Southwest is that they don't charge any baggage fees for the first and second bags if the bags fall within 50 pound max weight and linear dimension specifications.That alone will cost most fliers an additional $35 - 40 at most other airlines if they check two bags. This is an important savings consideration with Southwest. Enjoy!

Cheers...
Chuck60

Nevada bankruptcies increased 71% in 2008

The economic downturn has resulted in hard times nationwide and particularly in the the Silver State. Bankruptcy petitions in Nevada for 2008 increased 71% while the national average rose by 31%. The gaming, tourism, and real estate entities have always driven the Vegas economy and all these have been particularly hard hit during the crash. Real estate values have plummeted and tighter credit policies have placed a stranglehold on many tourism - based businesses , including the casino conglomerates which have the additional problem of massive debt loads. Even the casino moguls are having to scramble to avoid debt default and / or bankruptcy. MGM Mirage is shucking, jiving, and pleading to avoid filing due to massive debt associated with completion of the City Center project and attempt to stay afloat amidst reduced visitation and occupancy rates. Harrah's and Station Casinos are on the cusp of default and bankruptcy as well though both have made recent moves to extend their positions for approximately 30 days. Terribles has already filed and is meandering through the bankruptcy reorganization process.

I wonder what the time frame is for becoming a bankruptcy lawyer? Worth considering....


Cheers...
Chuck60

Farecast weekend and last minute flight specials

Farecast predicts when airfares fluctuate down for subscribed e-mail alert participants. It is an excellent site to obtain info on hot airfare deals. Their most recent fares and predicted dates to Vegas include the following.




LAST MINUTE DEALS :

Newark to Las Vegas (4/13 - 4/21) $220
Minneapolis to Las Vegas (4/21 - 4/28) $151


WEEKEND FLIGHT DEALS :

Chicago to Vegas (6/20 - 6/22) $219
New York JFK to Vegas (6/6 - 6/8) $239
Minneapolis to Vegas (5/28 - 5/30) $179


Cheers...
Chuck60

New Las Vegas air-hotel 3 night package deals from United Vacations

During the next two weeks some more air-hotel packages from United Vacations have been announced and , again, significant discounts are available. The gist of the sale follows but visit the website for specifics.

Save up to $375 on 3 night air hotel packages to these assorted 4.5 star and higher hotels :
Bellagio, Mandalay Bay, The Mirage, MGM Grand, The Signature, THEHotel, Encore & Wynn, Venetian, Palazzo, Caesar's Palace, Four Seasons, Trump, and Vdara.

Save up to $195 on 3 night packages at these 4 star hotels:
Luxor, Monte Carlo, New Yorl, New York, TI, Paris, Planet Hollywood, Golden Nugget, Palms, and Hard Rock.

Save up to $155 on 3 night deals at the following 3 star locales :
Excalibur, Circus Circus, Stratosphere, Riviera, Four Queens, and Hooters.

Without question, more deals to follow.

Cheers...
Chuck 60