This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Steiner Leisure Limited Announces Agreement To Operate A New Spa Facility At The Tropicana Las Vegas

NASSAU, The Bahamas, Dec. 10, 2010 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced entry into a lease agreement with Tropicana Las Vegas Hotel and Casino to be the exclusive operator of the spa facility at the renovated and expanded Tropicana Las Vegas. The term of this agreement is ten years from the opening date of the spa with Steiner's option to renew the agreement for two five-year terms.  

The Tropicana Las Vegas is centrally located in the heart of the "Las Vegas Strip" and offers a variety of restaurants, lounges, tropical gardens, entertainment and other amenities. The Tropicana is undergoing a large-scale transformation, including all new rooms and suites, new restaurants and a new convention center, as well as the addition of the Nikki Beachâ„¢ nightclub and Beach Club and the newly created spa facility. In addition to being the exclusive provider of spa, salon, beauty and fitness services at the hotel, Steiner will assist with the design concept for the spa. Steiner will contribute up to $5.2 million toward the construction of the spa facility.

Leonard Fluxman, President and Chief Executive Officer of Steiner, said, "The Tropicana is now in the process of a major metamorphosis, with a South Beach, Miami tropical theme, which promises to make this classic element of the Las Vegas experience even more attractive to customers. We are proud to have a role in Tropicana's transformation and look forward to enhancing the vacation experience of Tropicana's guests with our highly regarded beauty and wellness treatments and products."

"We are designing one of the most beautiful spas and fitness centers in Las Vegas, with a casual elegance that matches the rest of our resort. We are thrilled to have an operator of the caliber of Steiner," said Tom McCartney, Tropicana's President and Chief Operating Officer.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,885.89 -90.42 -0.50%
S&P 500 2,079.23 -7.01 -0.34%
NASDAQ 4,927.87 -19.5710 -0.40%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs