News

Wayne Newton Estate For Sale, Singer Denies He Will Sell It: Judge Calls Newton's Demands 'Challenging'

By Jesse Lent | February 24, 2013 03:36 AM EST

The Wayne Newton estate went on the market Friday, in the wake of a Las Vegas developer CDC suing the singer on charges he breached a $20 million contract to convert his property into a Dollywood-style theme park, according to Law360.

Like Us on Facebook

Fox5 Las Vegas reports a large "for sale" sign on the 37.8-acre Wayne Newton estate.

Newton denied there was any substance to the sale of his Casa de Shenandoah estate in Las Vegas.

"This is laughable," Newton told Fox. "CSD, a company that my wife and I partly own, has allowed a for sale sign to be placed on the property. However, what that sign does not say is that, unless my family and I (and only my family and I) decide to move, we will continue to live in our three homes on the property for at least the rest of our lives and no potential sale will change that fact."

But the Las Vegas Review-Journal reports that U.S. Bankruptcy Court Judge Bruce Markell approved the sale of the Wayne Newton estate earlier this month.

The conditions for the sale require buyers to put down a cash deposit of 5 percent of the total value they are offering. If the right buyer doe not emerge, a bankruptcy auction will be held on Friday, May 31, with pre-bidding starting two weeks earlier.

Wayne Newton and his wife Kathleen have appealed Judge Markell's sale order.

They are demanding that the leases of all three properties on the estate are honored and that Newton's Arabian horses are allowed to continue grazing on the estate.

The judge said that selling the property with such a set of demands would be "challenging" for Newton and his wife.

CSD has filed actions to terminate the leases on the three properties on the Wayne Newton Estate, force the singer off the property he has owned since the 1960s and relocate his Arabian horses.

 

Tagged :  world news

Featured

Comeback / Teaser / Music Video 05.05.15 | 06:23PM EDT

G-Dragon Denies Rumors That 'Bae Bae' Lyrics Refer To Suspected Girlfriend Kiko Mizuhara

G-Dragon continues to find himself in the midst of relationship rumors as Big Bang kicks off promotions for "Bae Bae" and "Loser."

Hot Issues 05.05.15 | 09:37AM EDT

Yang Hyun Suk Tops List Of Stock-Owning Korean Celebrities With Reported $186 Million In Shares

The YG Entertainment CEO ranked above Keyeast Entertainment stockholder and actor Bae Yong Joon and SM Entertainment Chairman Lee Soo Man.

Fashion & Style 05.05.15 | 08:59AM EDT

Vogue.com Explores K-Pop Streetwear

To celebrate Chanel's latest resort show held in Seoul at the Dongdaemun Design Plaza, the magazine counted down the seven top streetwear labels worn by Korean models, editors, actors and K-pop stars.

Scandals 05.05.15 | 08:33AM EDT

Kim Hyun Joong's Military Enlistment Imminent Despite Baby On The Way

Non-official sources suggest that the idol-actor will be enlisting next week on May 12.

KpopStarz Is Looking For Enthusiastic Entertainment Contributors Reach Millions On The Web.
Real Time Analytics