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Nevada News - Page 470

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January report: State gaming win dips

Wall Street was looking for a clear indication Friday into whether Nevada's casino industry is facing an economic slowdown in 2008.

Inside gaming column: Panel member might not keep seat

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

Casinos accused of looking the other way

Casino companies should have known about the huge amounts of cash washing through nightclubs on their properties long before the IRS began investigations of two of Las Vegas’ most popular clubs, say former gaming executives and others familiar with the industry.

MTR Gaming completes Binion sale

MTR Gaming Group, Inc.has completed the sale of the stock of Speakeasy Gaming of Fremont, Inc., which owns and operates Binion’s Gambling Hall & Hotel to TLC Casino Enterprises, Inc. for cash.

Gaming: Teachers would call shots with proposal

The teachers union’s petition for a ballot initiative to raise the tax on big casinos would remove some of the Legislature’s powers in deciding school funding.

LV billionaires take beating on Forbes' list

Forbes magazine's list of the world's billionaires shows 2007 wasn't a vintage year for Southern Nevada's richest residents and visitors.

Jerry's Nugget exec moves closer to regaining license

More than three decades after he lost his gaming license for taking part in a scam to cheat Caesars Palace, Jerry's Nugget Assistant General Manager Angelo Stamis moved one step closer to restoring his place in the casino industry.

Travel and tourism: Monthly airport traffic decreases

Early evidence of Las Vegas visitation levels in 2008 shows fewer people coming to Las Vegas, at least by air.

Beltway business boom

Crown Ltd. is the latest in a handful of gaming companies that have purchased or leased office space along the Las Vegas Beltway in the southwestern Las Vegas Valley, creating a core development totaling about 1 million square feet.

Wynn Las Vegas sweepstakes winner named

Perfect Escapes report that Ms. Melissa Dickinson of San Clemente, California, is the grand prize winner of the Perfect Escapes "Weekend at the Wynn Las Vegas" Sweepstakes

Tip-pooling hearing postponed

State Labor Commissioner Michael Tanchek's second look at the controversial Wynn Las Vegas tip-pooling policy has been postponed.

Hooters brand will get the boot

Hooters Hotel will be rebranded into a yet-to-be named boutique hotel following a $130 million redevelopment of the property that could begin later this year, the investment group purchasing the hotel said Monday.

Clubs' cash flow suspect

The burgeoning nightclub scene has brought a new kind of money to Las Vegas — and an old kind of trouble.

Jeff Simpson explains why he doesn't think Signature towers buyers will win in court

Jeff Simpson on the folks who are suing MGM Mirage because they believe they were misled about their purchase of condo-hotel units at the Signature towers at MGM Grand.

Las Vegas downtown snaps long slide

Gamblers lost nearly $632.9 million in downtown Las Vegas casinos in 2007, slightly more than the year before, ending a three-year slide for the historic Glitter Gulch gambling market.

Binion sale set to close

MTR Gaming Group, Inc. reports that it and TLC Casino Enterprises have agreed to close the sale of Binion’s Gambling Hall & Hotel on or before March 7, 2008.

Seminoles turn down Las Vegas offer

The Seminole Tribe has turned down an offer from Triple Five to purchase about 40 acres the company owns across from Mandalay Bay on the Las Vegas Strip

Cosmopolitan project saved by pair's aid

A hotel company and an investment firm have reached an agreement to save New York developer Bruce Eichner's financially troubled $3 billion Cosmopolitan from default, an official with the Strip project said Wednesday.

NBC National Heads-Up Poker returns for 4th year

Show Partners returns to Las Vegas for the fourth straight year of production and show operations for the 2008 NBC National Heads-Up Poker Championship.

Judge refuses to postpone O.J. trial

News Brief: The judge in O.J. Simpson's armed robbery case on Wednesday refused defense lawyers' requests to postpone his trial.

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