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Steve Wynn looks to sell shares in former company

Former Wynn Resorts CEO Steve Wynn plans to potentially sell all his stock in the casino-operator, a month after he resigned over sexual assault and harassment allegations.

Wynn could potentially sell up to 12.1 million shares of stock. He is the largest shareholder in Wynn Resorts with his stake, which totals about 11.8 percent of the company.

Shares of Wynn Resorts Ltd. are hovering around $180 apiece, which makes his stake worth about $2.21 billion.

Two months ago, The Wall Street Journal reported that several women said the billionaire harassed or assaulted them and that one case led to a $7.5 million settlement with a manicurist formerly employed by the Las Vegas company. Wynn has denied the allegations. ... Read More

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Stratosphere to undergo $140M renovation

The Stratosphere is about take on a whole new look thanks to renovation plans.

The property's owners are ready to invest $140 million touching every part of the casino and hotel.

The Stratosphere is commonly known for its more affordable rooms and thrill rides at the top of its tower.

The company that bought it just last year, Golden Entertainment, says its upgrading all of that. When the announcement was made last week, they made note of other major projects already happening on the north end of the Strip.

Resorts World is already in full swing and has plans to open in 2020. More than 400 workers are moving things around every day.

And over at the former Fountaineblue, it plans to also open in 2020, as The Drew. And now, starting this spring, the Stratosphere will get major renovations.

"Fantastic. We'll come again," said Stratosphere guest Karen Harper... Read More

MGM properties to increase resort fees on Strip on March 1

Resort fees for MGM Resorts International properties on the Las Vegas Strip are going up.

Most of MGM's properties will increase by $2, but Luxor and Excalibur will go up by $5.

The Bellagio, Aria, and Vdara will remain the same at $39.

The resorts fee increase takes effect on March 1.

Here's what you'll pay in resort fees at MGM properties around the Strip:

Bellagio -- $39
Aria -- $39
Vdara -- $39
Mandalay Bay/Delano -- $37
The Mirage -- $37
The Signature at MGM Grand --$37
MGM Grand -- $37
New York, New York -- $37
Monte Carlo -- $37
Luxor -- $35
Excalibur -- $35
Circus, Circus -- $30... Read More

New CEO denies prior knowledge of sex claims against founder

The new CEO of Las Vegas-based Wynn Resorts says he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced in a news report last month.

Matt Maddox was appointed CEO on Feb. 6 after Wynn resigned.

The Wall Street Journal reported last month that a number of women said Wynn harassed or assaulted them and that one case led to a $7.5 million settlement.

Maddox says people should "hold off making any judgment" until the investigations into the accusations are complete.

Wynn has vehemently denied the accusations and attributed them to a campaign led by his ex-wife. An attorney for Elaine Wynn denies that claim.

Maddox says the company won't change its name or logo, which is Steve Wynn's signature. ... Read More

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Police: Man killed woman by running her over with minivan

Police are accusing a man of killing his girlfriend by running her over with his minivan near the Welcome to Fabulous Las Vegas sign.

Police in Las Vegas have arrested 39-year-old John Treese on one count of open murder.

Authorities say Treese and his girlfriend got into an argument Saturday night because she wanted to drive. She then got out of the vehicle and began to walk on the median.

Witnesses told police they saw the minivan move backward and accelerate as it drove onto the median, striking the woman.

Police say they found the woman lying on the median. She was pronounced dead at a hospital.

Authorities have not released the woman's name.

Treese is at the Clark County Detention Center. Records do not list an attorney who could comment on his behalf... Read More

Unfinished Las Vegas hotel to become The Drew

The Fontainebleau is receiving new life and a new name.

The property's new owner announced work will soon resume on what is now known as The Drew Las Vegas.

It's the latest project to announce some progress after a quiet decade on the north end of the Strip. For nearly a decade, the Fontainebleau has been frozen in time. Now, the project is being resurrected under a new timetable.

The Fontainebleau will soon fly the Marriott flag.

Work will soon resume on the second tallest building in the state, second only to the Stratosphere.

"I'm excited to come out when it's done and see what everything is," said Todd Kinley, visiting from Ohio.

It will be around two more years before the project is done. Nine years ago, construction stalled and the project shuttered.

Kinley says it's about time for that to change... Read More

Floors to be renumbered at Mandalay Bay

MGM Resorts International officials confirm several floors at Mandalay Bay Hotel are being renumbered including the 32nd floor which is associated with the mass shooting on Oct. 1, 2017.

Stephen Paddock shot from the windows of a hotel suite on the 32nd floor at people gathered at the Route 91 Harvest Festival across the street from the Mandalay Bay Hotel.

In mid-February, the floor numbers in the high-rise tower will change from 31 to 62 to 56 to 62. Floors 31, 32, 33 and 34 will become floors 56, 57, 58 and 59 to better align with the already numbered floors. There will be no changes to the Four Seasons floor numbers... Read More