Las Vegas News - Page 565

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Las Vegas Median Home Price Increase Sets Record

17 August 2004

Las Vegas' 52 percent increase in median prices for existing homes in the second quarter was the largest jump in any metropolitan area in any quarter since the National Association of Realtors started keeping records in 1982, according to a survey by the group.

Refinery Owner Fights Casino

16 August 2004

ChevronTexaco Corp. has made a last-minute bid to stop the construction of a casino near its Richmond refinery.

Vegas Businessman Recommended for License

16 August 2004

A Las Vegas businessman who was turned away last year from obtaining a state casino license has won preliminary approval from the Nevada Gaming Control Board, which praised him for his turnaround.

Aladdin Changeover Under Way

16 August 2004

The management group that is working to buy the Aladdin hotel-casino out of bankruptcy has sent termination letters to about 20 managers as part of the group's plan to remake the property into a Planet Hollywood resort.

INSIDE GAMING: Adelson's Property Portfolio May Grow

16 August 2004

A selection of news and views from inside the industry this week.

Visitor Count Climbs in June

13 August 2004

ust over 3 million people visited Las Vegas in June, a 2.2 percent increase from the same month last year, the Las Vegas Convention and Visitors Authority reported today.

Tax Incentive for Konami Gaming Raises Questions

13 August 2004

Konami Gaming Inc. has won tax incentives through a Nevada program designed to promote diversity in the economy, prompting questions as to whether more slot manufacturing is really economic diversification.

Nevada Board Approves Slot Machine Interest Sale

13 August 2004

News Brief: The Nevada Gaming Control Board voted to endorse plans by the newest member of the Nevada Gaming Commission to sell his interest in a slot-machine venture -- an interest that blocks him from serving on the panel.

Nevada Gaming Results Up

13 August 2004

Nevada's gaming industry propped up the state's economy in June with a total gaming win of $855.5 million, up nearly 6 percent from a year earlier, the state Gaming Control Board reported Thursday.

Respect Caesars, Harrah's Told

13 August 2004

Customers and marketing gurus are warning Harrah’s that playing with the Caesars brand, arguably could damage the value of Caesars Entertainment.

Growth in Nevada Gaming Win Cools in June

12 August 2004

After four straight months of double-digit increases in gaming win, Nevada casinos cooled off in June, posting a 5.7 percent gain over June 2003 with gross revenue of $855.4 million.

Prosecutor Steadfast in Criticism of Las Vegas Officials

12 August 2004

Federal prosecutor Rick Convertino this week gave Las Vegas some unwelcome publicity when he accused local officials of soft-pedaling terror threats.

Las Vegas Waterpark to Close

12 August 2004

With less than two months to go before the pools at Wet 'n Wild are drained for the last time.

License Urged for Aladdin Resort's Owners

12 August 2004

A group that intends to turn the bankrupt Aladdin into the first Planet Hollywood hotel-casino won preliminary license approval Wednesday from the Nevada Gaming Control Board.

Gag Order on Vegas Terror Threat Lifted

12 August 2004

Released from a judge's gag order, the Justice Department on Tuesday night vigorously rebutted explosive claims that Las Vegas authorities bungled a possible terror threat to local casinos.

Planet Hollywood Restaurant at Issue as Aladdin Takeover Application is Heard

11 August 2004

One of the many unresolved questions regarding a partnership's bid to take control of the Aladdin hotel-casino in a few weeks involves the Planet Hollywood restaurant up the street.

Local Leaders United in Belief Las Vegas Remains Safe

11 August 2004

Southern Nevada politicians and business leaders scrambled Tuesday to respond to allegations they failed to make public news of suspected al-Qaida activities on the Strip over fears such information would disrupt local tourism.

Results Vigorous for Venetian's Parent

11 August 2004

With a $419.9 million profit from the sale of its Grand Canal Shoppes in May, Las Vegas Sands posted record net income of $454.6 million in the second quarter, up from $9.6 million a year earlier.

Profits Fall for Poster Financial Group

11 August 2004

Poster Financial Group, the owner and operator of the Golden Nugget Las Vegas and Golden Nugget Laughlin, on Tuesday said second-quarter operating income fell slightly and net income fell sharply compared with a year earlier.

Wynn Still Wooing Country Club

11 August 2004

Las Vegas developer Steve Wynn on Tuesday reiterated his interest in buying the Las Vegas Country Club and reassured members he will ensure each one would net $70,000 from a sale to his golfing subsidiary.

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