In the game of Monopoly players buy and sell hotels, but probably not any faster than what's happening in Las Vegas. A couple weeks ago the MGM Mirage was negotiating to acquire the Mandalay Resort Group (MRG) for a price of $7.65 million or $68 per share. Ultimately, MRG rejected that offer.
The following week, the MGM came up with the bid of $7.9 billion, or $71 per share, which the MRG quickly accepted. Only time will tell what a mega-merger deal like this means for Las Vegas.
MGM Mirage owns Las Vegas' MGM Grand, New York-New York, Bellagio, Mirage, and Treasure Island. The Mandalay Resort Group owns Mandalay Bay, Luxor, Excalibur, and Circus Circus. The two companies co-own the Monte Carlo. If the merger goes through, the MGM Mirage will become the world's largest gambling company, with annual revenues of $6 billion, eclipsing Harrah's and Caesars Entertainment and controlling about four percent of the slots and 44 percent of the table games on the Las Vegas Strip, as well as 36,000 of the 73,000 total rooms on the Strip.
The Las Vegas Hilton sale closed and the Nevada Gaming Control Board unanimously approved the takeover by Colony Capital, which bought the mega-resort earlier this year for $280 million. Colony has the right to use the Hilton name a few more years.
The Las Vegas Hilton was originally developed in 1969 by Kirk Kerkorian, now majority shareholder in MGM Mirage, as the International. The 30-story tower on Paradise Road opened with 1,512 rooms, making it the largest hotel in the world at the time.
Colony intends to remodel the resort's bars and restaurants and to develop a clientele around the convention industry. Plans call for spending $30 million on room renovations, $22 million on redeveloping the casino and public access areas and $7 million to replace the slots.
Comedian Rita Rudner celebrated her 1,000th show at New York-New York on June 19, thee years after signing an exclusive contract. With a new contract extension, she is now signed to June 2006. The intimate 431-seat Cabaret Theatre that was recently remodeled was built exclusively for the award-winning comedian.
"Ba Da Bing," the interactive dinner theater show, after moving from The Orleans to the Desert Passage at the Aladdin earlier this year, is looking to move next month to the Stardust in space formerly occupied by the Tres Lobos restaurant.
The Cannery in North Las Vegas will host the Star Spangled Rock and Roll Weekend featuring Gene Pitney and special guests Lovin' Spoonful on July 2 and 3. Tickets are $29.95 and $39.95 plus tax and applicable fees, call 702- 617-5550.
"Friday Rocks in Roxy's" is a new Friday night music series inside Sam's Town on Boulder Highway. Every Friday from 10:30 p.m. to 4:00 a.m., Roxy's Lounge hearkens back to the good old days, featuring some of the area's best cover and tribute bands singing golden oldies and classic rock hits. "The Who" will be one tribute act from Los Angeles.
Enjoy music in the mountains at Lee Canyon, a ski resort located 45 minutes from town, when the Music Society of the Americas, in conjunction with the Las Vegas Ski & Snowboard Resort, produce outdoor concerts on July 10, 24 and Aug. 8. For each event, the gates will open at 10 a.m. and the first band of five bands will play at 11 a.m. General admission is $20, kids 6 to 12 are $10, and kids 5 and under are free, call 702-593-9500.
War Hero Oliver North will be speaking in the South Pacific Ballroom at the Tropicana on Aug. 28. Tickets for the event are $150 per person and include a dinner buffet, drinks, and an autographed copy of Mr. North's book, "War Stories: Operation Iraqi Freedom." North will speak for approximately one hour. For tickets, call 702-739-2411.
The New York Times best-selling author, Fox News Channel war correspondent and television host, former U.S. counter-terrorism coordinator, and Freedom Alliance founder and decorated combat hero, Oliver North, will share his riveting eyewitness account of heroism, courage and undaunted patriotism in the campaign to liberate Iraq.
North was born in San Antonio, Texas, graduated from the U.S. Naval Academy in Annapolis, Maryland, and served 22 years as a U.S. Marine. His awards for service in combat include the Silver Star, the Bronze Star for Valor, and two Purple Hearts for wounds in combat.
As a New York Times' best selling author, his other books include "Under Fire, One More Mission" and two novels, "Mission Compromised" and "The Jericho Sanction."
A new two-story nightclub is planned for the Mirage with an open patio area on the Strip. For now it is being called Touch.
Venus the Nightclub at the Venetian will be closing for six weeks for another remodeling session.
Jerry's Nugget in North Las Vegas is bringing back its prime rib dinner special for $5.49 in July and August at the Canal Street Caf‚. The complete meal that includes an 8-ounce cut of beef is served Sundays through Thursdays from 4 to 11 p.m.
Jillian's, a restaurant-bar-entertainment venue located in downtown's Neonopolis, is having family days every Wednesday through July. Each week they show a different movie, offer a round of bowling and a video game card, and provide a buffet lunch for $5 per kid. The event takes place from 10 a.m. to 4 p.m. For information. call 702-759-0450.
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