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Latest Fontainebleau Resort Las Vegas Stories

2009-07-08 16:59:24

Bankruptcy court documents say it will take another $1.5 billion to complete construction of the Fontainebleau Las Vegas hotel and casino. The debt load of the ambitious Strip project is estimated to be about twice what the entire project is worth, an appraisal filed with the bankruptcy court in Miami by Bank of America said. The appraisal concluded that the project has been insolvent since March and that the developer's requests for additional funding were materially inaccurate because they...

2009-04-29 08:44:00

WASHINGTON, April 29 /PRNewswire-USNewswire/ -- It is unfortunate and disdainful that Bank of America, JP Morgan Chase and several other banks have decided to throw thousands of current and future Nevada jobs into jeopardy by terminating their revolving credit facility to Fontainebleau Las Vegas. We are troubled by allegations that their action had nothing to do with a default and everything to do with their desire to allegedly renege on their contractual commitment to Fontainebleau Las...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'