LAS VEGAS (March 15, 2020)– Wynn Resorts has decided to temporarily close Wynn Las Vegas and Encore as part of its continuing effort to reduce the spread of COVID-19 (coronavirus).
The Company has committed to pay all full-time Wynn and Encore employees during the closure.
The closure will be effective Tuesday, March 17 at 6 pm and is expected to be in effect for two weeks, after which time the Company will evaluate the situation. A limited number of employees and management will remain at the resort to secure and maintain the facility. For additional information and updates, please visit www.wynninfo.com.
Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish a base of operations at Concord-Padgett Regional Airport (USA). The Las Vegas-based company will invest $50 million to establish the new base in Concord, creating at least 66 high-wage jobs and housing two Airbus aircraft.
The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations in Concord on October 7, 2020. Concord-Padgett Regional Airport will become the airline’s 21st aircraft base.
Located minutes from Charlotte, Concord is one of the nation’s fastest-growing cities, with a robust business infrastructure and a diverse workforce. Home to some of North Carolina’s top tourist destinations, including NASCAR’s famed Charlotte Motor Speedway and Concord Mills, the city boasts a historic downtown district and a wide variety of entertainment and leisure activities for visitors and local residents. Concord is the largest city in Cabarrus County, with a population of more than 94,000.
“Since Allegiant’s first flight from Concord-Padgett Regional Airport in 2013, their growth has been truly remarkable,” said Concord Mayor Bill Dusch. “We are very pleased that Allegiant has selected Concord for a new base of operations, which brings new jobs and travel opportunities for the citizens of Concord and the Charlotte region. We look forward to continue developing our partnership with Allegiant in the future.”
“We’re excited about making Concord a permanent base, and further establishing Allegiant as a hometown airline for this high-performance city,” said Keith Hansen, Allegiant’s vice president of government affairs. “With a growing and diverse population seeking affordable vacation travel, and as a regional destination for race enthusiasts, arts fans and more, Concord is an ideal location for an Allegiant base. Having locally-based operations will mean opportunities for expanded hours, as well as more – and more frequent – flight offerings for residents and visitors alike.”
“This decision reaffirms that what began as a wonderful opportunity for a growing destination has grown into a committed relationship,” said Concord-Padgett Regional Airport Aviation Director Dirk Vanderleest. “My staff and I are humbled by this opportunity and milestone for USA. We look forward to working hand in hand with Allegiant Air to ensure that both residents and visitors alike are recipients of excellent customer service and expanded vacation opportunities.”
“Allegiant took Cabarrus County’s tourism industry to the next level with commercial air service and we’re proud to offer our support as they continue to grow,” said Cabarrus County Convention and Visitors Bureau President & CEO Donna Carpenter. “Visitor spending reached over $469 millionin Cabarrus County in 2018. These enhancements will fuel that figure, generating tax revenues that will positively impact the local economy and quality of life in our community.”
Allegiant began operating at USA in 2013 and currently offers seven non-stop routes: one to the Mardi Gras City of New Orleans and six to premier Florida destinations, including Destin/Fort Walton Beach, Fort Lauderdale, Orlando/Sanford, Palm Beach, Punta Gorda and St. Pete-Clearwater. Since establishing service, Allegiant has flown more than one million passengers through Concord, including 353,000 in 2019 alone.
“Cabarrus County’s investment in Allegiant emphasizes the power of collaboration,” said Cabarrus CountyBoard of Commissioners Chair Steve Morris. “Our support of projects related to the Concord-Padgett Regional Airport boosts the economic stability of all municipalities in our county and throughout the region.”
Both the Concord City Council and Cabarrus County Commissioners approved three-year economic development grants for the expansion. Based on a portion of the increased tax investment, the grant amount from the City of Concord would not exceed $48,649 and $75,001 from Cabarrus County.
“The establishment of this base really reinforces Allegiant’s commitment to our community,” said Cabarrus Economic Development Existing Industry Director Page Castrodale. “It sends a message that Cabarrus County is the right place to do business.”
Allegiant, which employs more than 4,300 team members across the U.S., plans to immediately begin hiring pilots, flight attendants, mechanics and ground personnel to support the operations. The majority of the new positions are expected to offer salaries that are more than double the state’s average wage. Interested applicants may apply online.
Gogo AVANCE L5 provides the fastest and most reliable 4G air-to-ground high-speed internet coverage over North America for business aircraft today
Retrofit available for Learjet 40, Learjet 45, Learjet 70 and Learjet 75 aircraft throughout Bombardier’s growing service network, which has unparalleled OEM expertise to enhance the ownership experience for customers
This high-speed connectivity is already available on new Learjet aircraft, and will be an option on the new Learjet 75 Liberty business jet
Bombardier Aviation is bringing faster connectivity to its in-service Learjet fleet as part of a continuing commitment to this legendary platform. Gogo Business Aviation’s next-generation, 4G air-to-ground (ATG) internet system, Gogo AVANCE L5, has been an available option on new Learjet aircraft since last year.
Bombardier is now offering customers the high-performance 4G in-cabin Wi-Fi system as a retrofit for in-service Learjet 40, Learjet 45, Learjet 70 and Learjet 75 aircraft. Customers can have the system installed at all Bombardier Service Centres and Authorized Service Facilities throughout the United States.
“Learjet aircraft are renowned productivity tools, and this enhancement ensures that our customers have the connectivity they need to maximize their time in the air,” said Michael Anckner, Vice President, Worldwide Sales, Learjet Aircraft and Corporate Fleets, Bombardier Business Aircraft. “With various upgrades available for our large fleet of in-service aircraft and the recent unveiling of our value-added Learjet 75 Liberty aircraft, there’s never been a better time to own a Learjet.”
The new and significantly faster 4G service uses Gogo AVANCE L5, which is lightweight and compact, accesses the Gogo Biz 4G ground network of more than 250 towers and delivers seamless connectivity over the continental U.S. and large parts of Canada and Alaska. Designed specifically for business aircraft, the system offers audio and video streaming as well as faster web surfing for a vastly improved user experience over previous-generation technology.
The iconic Learjet brand is synonymous with excellence in aviation, with more than 2,000 Learjet aircraft in service around the world. This fleet is a testament to the longevity and reliability of this platform, while the upcoming Learjet 75 Liberty signals a strong future for the world’s best light jet.
Bombardier is growing its worldwide support network, including a new service centre at Miami-Opa Locka Executive Airport and the recent addition of two U.S. line maintenance stations in Teterboro and Van Nuys. In addition to providing this 4G connectivity upgrade to the Learjet fleet, Bombardier is also offering the latest update to the popular Garmin G5000 avionics suite aboard Learjet aircraft, which was recently certified by the U.S. Federal Aviation Administration and brings many workload-reducing improvements to the cockpit.
The Learjet 75 Liberty aircraft is on track to enter service in mid-2020. Its spacious cabin features a six-seat configuration that gives light jet passengers unprecedented freedom to stretch out. A standard pocket door delivers a quiet, productive flight coupled with the comfort of Bombardier’s signature smooth ride.
The Learjet 75 Liberty aircraft has a range of 2,080 nautical miles, able to connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop.* This aircraft has the same operating costs as its competitors in the light jet category while offering the most spacious cabin, the fastest speed, the longest range and the smoothest ride. It is also a step up from other light jets in terms of safety standards, certified to the FAA’s more stringent Part 25 regulations, applicable to commercial airliners, unlike other light jets certified to Part 23 regulations.
New service to Dallas/Fort Worth and Columbus, Ohio, on fuel-efficient Airbus A220s.
Expanded service to 12 U.S. cities.
Delta will operate daily service to London-Heathrow, Europe’s top international market, in 2021.
70% of flights on larger, mainline aircraft, enhancing customer comfort and experience with seat-back entertainment and WiFi.
Upgraded, next-generation aircraft in top business and leisure markets.
Delta is committed to offering Seattle customers more options for summer travel than ever before with the launch of new, three-times daily service to Dallas/Fort Worth, new nonstop service to Columbus, Ohio, and expanded service to 12 popular destinations: Anchorage; Atlanta; Austin; Boise, Idaho; Boston; Bozeman, Mont.; Kansas City; Las Vegas; Orlando; Spokane, Wash.; Tampa; and Washington-Dulles.
These additions mean Delta will offer 190 daily departures to 56 destinations this summer from Seattle-Tacoma International Airport. Dallas/Fort Worth marks Delta’s second Texas destination from Sea-Tac, building on the Austin service launched in 2017.
As Seattle’s global carrier, Delta plans to launch nonstop service to London-Heathrow in 2021. The route expands the airline’s lead of offering the most global destinations from Seattle than any other airline, with London joining Delta’s existing nine international markets. The service also complements partner Virgin Atlantic’s twice-daily service and offers customers the choice of three daily flights.
“Our customers’ demand for new destinations, award-winning service, commitment to seat-back entertainment and superior reliability are what drives Delta’s continued growth in Seattle,” said Tony Gonchar, Delta’s Vice President — Seattle. “With our extensive partner service from Seattle on Virgin Atlantic, Air France, Korean Air and Aeromexico, customers can expect a seamless journey across the globe.”
New summer destinations and expanded service for Seattleites
Delta’s overall domestic summer service from Seattle includes top leisure and business destinations.
Starting June 8, Delta will launch:
Three daily flights to Dallas/Fort Worth
New daily flight to Columbus, Ohio
A second flight to Austin
A second flight to Orlando
These flights to Dallas, Columbus and Austin will operate on Airbus A220 aircraft; the Orlando service will operate on a Boeing 737-900. The schedules will operate as follows:
Flight
Departs
Arrives
Dallas/Fort Worth-Seattle (new service)
7:15 a.m.
9:30 a.m.
Dallas/Fort Worth-Seattle (new service)
2 p.m.
4:15 p.m.
Dallas/Fort Worth-Seattle (new service)
5:30 p.m.
7:45 p.m.
Seattle-Dallas/Fort Worth (new service)
7:30 a.m.
1:30 p.m.
Seattle-Dallas/Fort Worth (new service)
10:45 a.m.
4:45 p.m.
Seattle-Dallas/Fort Worth (new service)
5:30 p.m.
11:30 p.m.
Columbus-Seattle (new service)
7:15 a.m.
9:25 a.m.
Seattle-Columbus (new service)
10:30 p.m.
6 a.m.
Austin-Seattle (existing flight)
6:30 a.m.
8:57 a.m.
Austin-Seattle (added frequency)
3:20 p.m.
5:45 p.m.
Seattle-Austin (added frequency)
8:30 a.m.
2:40 p.m.
Seattle-Austin (existing flight)
6:20 p.m.
0:24 a.m.
Orlando-Seattle (existing flight)
7 a.m.
10:27 a.m.
Orlando-Seattle (added frequency)
7 p.m.
10:10 p.m.
Seattle-Orlando (existing flight)
9:30 a.m.
5:49 p.m.
Seattle-Orlando (added frequency)
10:30 p.m.
6:55 a.m.
These new offerings join more service expansions previously announced, including:
Tampa service beginning in March
A fourth daily flight to Boston
A second flight to Kansas City and Washington, D.C. (IAD) beginning this summer
Twice daily flights to Bozeman, Mont.
More flights and seats to Anchorage, Atlanta, Boise, Las Vegas, and Spokane, Wash., including a convenient evening service for Atlanta business travelers
Atari doesn’t have the cultural cachet it used to. After an industry-crashing downfall in the ’80s, the video game pioneer has been unable to find its niche, and recently, its oft-delayed retro console has had a troubled development. Atari hopes to find some success by lending what gaming cred it has left to the hospitality industry. The company signed a contract that see Atari license its name and branding to a real estate developer, which will build eight hotels across the US. The first location will break ground this year in Phoenix. Others in Austin, Chicago, Denver, Las Vegas, San Francisco, San Jose and Seattle will follow.
The main draw of the Atari hotels will likely be their esports studios. There are no details about what these will include, but each hotel will also have an “Atari gaming playground.” Assuming the esports studios are venues where pros compete, the “playgrounds” could be lounges for guests that are equipped with gaming PCs. The hotels will have a few accoutrements outside of the standard pool and gym — restaurants, bars, bakeries and movie theaters will also be part of each building.
U.S. Federal Aviation Administration certifies update to the popular Garmin G5000 avionics suite
This leading-edge technology will be standard on new Learjet aircraft and available as a retrofit on in-service Learjet 70 and Learjet 75 aircraft
Upgrade brings enhanced capabilities to the renowned BombardierVision flight deck and paves the way for future advancements
Bombardier’s newest Learjet, the Learjet 75 Liberty, is getting strong interest on the market, boasting the smoothest ride and the most spacious cabin as well as the latest avionAs part of its continuing commitment to the legendary Learjet product line, Bombardier is pleased to announce that the U.S. Federal Aviation Administration (FAA) has certified the latest update to the popular Garmin G5000 avionics suite aboard Learjet aircraft.
As part of its continuing commitment to the legendary Learjet product line, Bombardier is pleased to announce that the U.S. Federal Aviation Administration (FAA) has certified the latest update to the popular Garmin G5000 avionics suite aboard Learjet aircraft.
The upgrade will be incorporated on new Learjet aircraft deliveries. In a few months’ time, the new Garmin G5000 avionics suite will also be a standard feature on Bombardier’s newest Learjet, the Learjet 75 Liberty, which is expected to enter service in mid-2020. A retrofit for in-service Learjet 70 and Learjet 75 aircraft will be available in early 2020.
“The latest Garmin G5000 avionics suite is one of many reasons to love Learjet,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “With a steady stream of acclaimed enhancements and the upcoming entry-into-service of the new Learjet 75 Liberty, Bombardier is making the world’s best light jet an irresistible choice for more operators than ever before.”
“The Learjet is an iconic symbol that is known for its performance and efficiency, and the ever-popular Garmin G5000 integrated flight deck further enhances this platform with modern features such as wireless connectivity, FANS 1/A+ and more*,” said Carl Wolf, Vice President, Aviation Sales and Marketing, Garmin. “We’re thrilled to work alongside Bombardier to deliver a state-of-the-art avionics suite with an advanced feature set that reduces pilot workload, improves situational awareness and gives pilots a superior in-flight experience.”
Bombardier’s recent enhancements to the beloved Learjet are popular with operators and include a standard pocket door for the quietest flight as well as extended maintenance intervals that drive down operating costs. The spacious new Learjet 75 Liberty, which further demonstrates Bombardier’s commitment to Learjet, is getting strong interest on the market. A full-size interior mock-up of this value-added business jet has already made several appearances to overwhelmingly positive reviews.
The new Garmin G5000 avionics suite will bring workload-reducing improvements, including climb, cruise and descent vertical navigation, enhanced take-off and landing performance calculations and much more. FANS 1/A+, which enables access to the most efficient and favourable routes, will be offered as an option. It will ensure readiness for modernized airspace requirements and deliver efficiency gains that are expected to lower direct operating costs. Pilots will also benefit from a vast array of wireless connectivity features, including two-way flight plan transfers between compatible apps and avionics, available thanks to Garmin’s Flight Stream 510 solution.
The Learjet 75 Liberty has the same operating costs as its competitors in the light jet category while offering the most spacious cabin, the fastest speed, the longest range and the smoothest ride. It is also a step up from other light jets in terms of safety standards, certified to the FAA’s more stringent Part 25 regulations, applicable to commercial airliners, unlike other light jets certified to Part 23 regulations.
The six-seat configuration aboard the Learjet 75 Liberty gives light jet passengers unprecedented freedom to stretch out. A standard pocket door between the cockpit and the Executive Suite delivers a quiet flight, while retractable side tables and stowable ottomans ensure productivity and comfort.
The Learjet 75 Liberty has a range of 2,080 nautical miles, able to connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop.**
Caesars Entertainment Corporation (NASDAQ:CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have signed an agreement to sell Harrah’s Reno Hotel and Casino (“Harrah’s Reno”) to an affiliate of CAI Investments (the “Buyer”) for $50 million. The proceeds of the transaction shall be split 75% to VICI and 25% to Caesars, while the annual rent payments under the Non-CPLV Master Lease between Caesars and VICI will remain unchanged.
Under the terms of the agreement, Caesars will continue to operate the property upon closing of the transaction pursuant to a short-term lease with the Buyer, which will allow Caesars to cease operations at the property during the second half of 2020. At the end of the term, Caesars will deliver the property to the Buyer to be redeveloped into a non-gaming hotel and mixed-use development.
“We recognize the long legacy of Harrah’s in Reno, where the brand began 82 years ago and our role in the community. We are pleased the Buyer is committed to the community and supports the redevelopment of this wonderful asset. We have worked closely with the Buyer to provide a reasonable closure plan that allows our great staff in Reno ample time to secure their next jobs, including priority consideration for relevant openings at our other properties in Nevada, including Lake Tahoe and Las Vegas,” said Tony Rodio, CEO of Caesars Entertainment.
“The sale of Harrah’s Reno demonstrates our ability to continuously work constructively with our tenants to improve our individual businesses. This disposition will allow VICI to optimize the quality of our real estate portfolio and redeploy the proceeds toward other attractive growth opportunities while maintaining the existing financial terms of the Non-CPLV Master Lease with Caesars,” said John Payne, President and COO of VICI Properties.
“Being originally from the Reno/Sparks community, it is with great pride that we are investing in the Reno area by redeveloping this property,” said Christopher Beavor, CEO of CAI Investments. “CAI is excited to be working with Gryphon Private Wealth Management as capital partners for the project. Kirk Walton and Philip Oleson, Principals of GPWM Opportunity Zone Funds, which will be investing the required capital for the project, believe in the long-term growth potential of Reno.”
The agreement allows for Caesars to retain its guest data and places no restrictions on Caesars’ marketing activities. Reno will continue to be part of the Caesars Rewards network during the term of the short-term lease with Buyer.
The transaction is subject to the closing of the Eldorado/Caesars combination, regulatory approvals and other customary closing conditions.
MGM Resorts International (NYSE: MGM) said Tuesday that it plans to sell the MGM Grand and Mandalay Bay properties to a joint venture of MGM Growth Properties LLC (NYSE: MGP) and Blackstone Real Estate Income Trust, Inc. for $4.6 billion.
The Blackstone Real Estate Income Trust will purchase $150 million in MGM Growth Properties Class A shares. MGP will own 50.1% of the joint venture, and BREIT will own 49.9%.
MGM Resorts will enter into a long-term triple net master lease for the MGM Grand and Mandalay Bay and will continue to manage and be responsible for the properties on a day-to-day basis, with the joint venture owning the properties and receiving rent payments.
The transaction is expected to close in the first quarter of 2020.
“We are pleased to announce this partnership with BREIT, which illustrates the numerous opportunities available to grow our business and emphasizes the strong institutional demand for gaming real estate assets,” MGP CEO James Stewart said in a statement.
“Along with the contemplated cash redemption of $1.4 billion of MGM’s operating partnership units as announced by MGM, we expect this transaction to be accretive to AFFO while allowing us to maintain pro rata net leverage of 5.6x.”
MGM shares were down 0.45% at $33.22 at the time of publication Tuesday. The stock has a 52-week high of $33.87 and a 52-week low of $23.68.
EmbraerX, Embraer’s disruptive business subsidiary, announces its expansion into the commercial air cargo market, via a collaboration agreement with Elroy Air, at CES 2020. This collaboration will allow the companies to accelerate the unmanned air cargo market worldwide, leveraging Embraer’s 50 years of industry experience with Elroy Air’s bold new developments in autonomous aircraft systems.
“In order to stay the course of creating solutions that benefit humanity at large, we believe the cargo market is prime for an autonomous aircraft,” said Antonio Campello, President & CEO, EmbraerX. “Booming eCommerce is forcing the cargo market to grow and seek new solutions, creating a distinct need for more flexibility. Our holistic approach to accelerating this market will include working with Elroy Air and its Chaparral system, capable of delivering cargo (250-500 lbs) over distances up to 300 miles, as well as our work in associated services and air traffic management solutions.”
“Elroy Air aims to open a new chapter for the logistics market with point-to-point autonomous aerial cargo systems” said Dave Merrill, CEO of Elroy Air. “Elroy Air’s Vertical Takeoff and Landing (VTOL) cargo delivery aircraft, the Chaparral, will operate without airports or charging stations, and is optimized for freight with automated cargo loading and unloading. Our collaboration with EmbraerX will accelerate our path to deployment in commercial freight markets.”
This collaboration is part of EmbraerX’s multi-project approach to further develop the air mobility ecosystem and create the conditions for people and goods to move from A to B in a seamless and affordable way. Beyond cargo, EmbraerX is engaged in several projects, including the development of an Urban Air Mobility focused eVTOL, a tailored Urban Air Traffic Management (UATM) system and a fleet-agnostic business platform, designated Beacon, to streamline services.
Akio Toyoda, president of Toyota Motor Corporation, speaks at a news conference, where he announced Toyota’s plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan, during the 2020 CES in Las Vegas
LAS VEGAS (Reuters) – Toyota Motor Corp <TM> said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, “smart homes,” artificial intelligence and other technologies.
Toyota unveiled the plan at CES, the big technology industry show. The development, to be built at the site of a factory that is planned to be closed, will be called “Woven City” – a reference to Toyota’s start as a loom manufacturing company – and will serve as a home to full-time residents and researchers.
Toyota did not disclose costs for the project.
Executives at many major automakers have talked about how cities of the future could be designed to cut climate-changing emissions from vehicles and buildings, reduce congestion and apply internet technology to everyday life. But Toyota’s plan to build a futuristic community on 175 acres (71 hectares)near Mt. Fuji is a big step beyond what rivals have proposed.
The proposal highlights not only Toyota Chief Executive Akio Toyoda’s ambition, but also the financial and political resources Toyota can bring to bear, especially in its home country.
Toyota expects 2,000 people will live at the city initially, with construction slated to start next year. Toyoda called the project “my personal ‘field of dreams.’
“You know if you build it, they will come.”
Toyota said it has commissioned Danish architect Bjarke Ingels to design the community. Ingels’ firm designed the 2 World Trade Center building in New York and Google’s offices in Silicon Valley and London.
Toyota said it is open to partnerships with other companies that want to use the project as a testing ground for technology.
(Reporting by Jane Lanhee Lee and David Shepardson; Writing by Joe White; Editing by Dan Grebler)
Watch the 30 second Woven City YouTube video by clicking HERE!
