The Morning Brief: SALT Will Go On After Bellagio Hotel Fire

April 17, 2017   Stephen Taub

A fire broke out at the Bellagio Hotel in Las Vegas, the site for the annual SALT conference that starts May 16.

A fire broke out the night of Thursday, April 13 at the Bellagio Hotel & Casino in Las Vegas, the site for the annual SALT conference that begins May 16, according to several media reports, including ABC News. The fire reportedly occurred on the roof of several retail shops, closing off the Vegas strip while the fire department extinguished the flames. There were no injuries and no rooms were affected, according to reports. A SALT spokesperson said the fire will not affect the event. "This will have zero impact on SALT programming, activities or accommodations," she assures. This is the second unfortunate event at Bellagio in the past month. A few weeks ago, a jewelry store was robbed in the hotel, which is known for its fountains and Cirque Du Soleil show. Visitors to SALT, however, are well aware of the tight security to get into the event, complete with several K-9 dogs.

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Elliott International is the latest hedge fund to disclose it owns a stake in the recently reorganized Peabody Energy. According to a regulatory filing, the multi-strategy fund owns nearly 28 million shares, including a little more than 14 million shares issued upon the conversion of series A convertible preferred stock. Its combined economic exposure is 25.4 percent of the common shares.

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Soros Fund Management disclosed it owned a little more than 4 million shares of Sigma Designs as of April 12, or 10.66 percent of the total outstanding. It is not known how many shares George Soros’ family office owned at the end of the first quarter, but regulatory filings show that at year-end it held about 1.566 million shares of the maker of semiconductors and software for cable-TV set-top boxes.

 


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