Fontainebleau in Las Vegas files for bankruptcy
The Fontainebleau Las Vegas filed for bankruptcy protection late Tuesday night, weeks after lenders refused to fund more construction at the $3 billion project.
MGM Mirage, the Strip's biggest casino operator and the state's largest private employer, could be facing a bankruptcy filing if it can't renegotiate better repayment terms with its lenders covering some $7 billion in loans.