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Las Vegas News - Page 666

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Layoffs Increase for Casino Workers

Las Vegas casinos are eliminating jobs or considering possible job cuts because of a dramatic decline in travel following last week's terrorist attacks in the Northeast.

IRS Agrees to Cut Withholding Rate on Tips

The IRS has agreed to withhold a smaller percentage of casino worker tips so long as hotel occupancy rates remain below 80 percent because of last week's terrorist attacks.

Wynn Proceeds With Desert Inn Plans

Desert Inn owner Steve Wynn said Wednesday he will move ahead with plans to implode a 14-story tower and redevelop the 220-acre north Strip site despite the uncertainties plaguing the U.S. economy.

Horseshoe to Complete ADA Modifications by July

Binion's Horseshoe Club, which was ordered by a federal judge in 1998 to comply with the Americans with Disabilities Act, has agreed to complete modifications to the downtown Las Vegas hotel-casino by next July.

Texas Hotelier Joins Regent Bidding

A prominent operator of upscale hotels has emerged as one of the bidders for the bankrupt Regent Las Vegas hotel-casino.

Hundreds Of Park Place Casino Workers Laid Off

Park Place Entertainment has begun laying off employees at two of its Las Vegas hotel-casinos, as the Strip's casino industry waits for a return to normalcy after last week's terrorist attacks on the East Coast.

Las Vegas Lowers Room Rates to Overcome Traveler Fears

Price tags for Las Vegas hotel rooms have fallen as much as 60 percent in the aftermath of last week's terrorist attacks on New York and Washington, D.C.

Layoffs Begin at Mandalay Resort Group

The operator of Strip landmarks like Mandalay Bay, Luxor and Circus Circus attributed the layoffs to the economic effects of last week’s terrorism. No information was given on the number of jobs cut.

Officials: Interest Still High in Bankrupt Casinos

Despite the disruption being experienced by the Las Vegas tourism industry, interest remains strong in the bankrupt Regent and Vacation Village hotel-casinos.

Gaming Stock Selloff Continues

Investors continued to sell shares in all major Las Vegas casino operators this morning, despite a slight recovery in the overall market.

Vegas Visitor Count Fell in July

Even before Las Vegas visitor volume began sinking after Sept. 11's terrorist attacks in New York and Washington, visitation fell in July.

Aladdin Faces Even More Financial Woes

Now, with the entire Las Vegas gaming industry facing a tough road ahead in the wake of last Tuesday's terror strikes, the picture for the Aladdin has become immeasurably more difficult, observers say.

More Las Vegas Conventions Canceled, Postponed

Another wave of conventions and meetings in Las Vegas was canceled or postponed Monday, with sponsoring organizations saying attendance would have been down dramatically in the wake of last week's terrorist attacks.

Las Vegas Tourism Officials to Focus on California Visitors

Tourism officials expect to go "back to the basics" when marketing Las Vegas to a nation that is nervous about flying after the terrorist attacks in New York City and Washington, D.C.

Las Vegas Casinos Look at Layoffs

Resorts along the Las Vegas Strip are considering layoffs as business slows down in response to Tuesday's terrorist attacks.

October Vegas Event Canceled

An October ExxonMobil meeting that was to bring 9,000 people to Las Vegas has been canceled, a spokesman for the Las Vegas Convention and Visitors Authority said today.

Unions and Casinos Talk

News Brief: Casino operators may push for a temporary agreement this week that would allow them to ask many of their unionized employees to leave work early if business is slow on any given day.

Vegas Casinos Face Plunging Room Rates

As the first weekend since Tuesday's terrorist attacks approaches, Las Vegas hotel-casinos are bracing for what could be a dramatic plunge in business.

Creditor Wants to Halt Payments to Vacation Village Owners

The largest creditor of Las Vegas' bankrupt Vacation Village asked a court Thursday to stop the hotel-casino from making payments to its owners and managing partners, the Heers family.

Observance of Tragedy Planned by Casinos

One of the Strip's largest casino operators will dim the outdoor lights at its Las Vegas casinos tonight, while a second was to halt operations on its casino floor for one minute at midday today.

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