Nevada News - Page 653

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Nevada Economy Up in September

26 November 2003

Nevada's taxable sales jumped 12 percent in September over the same month a year ago, the second double-digit increase in the important economic indicator in as many months, the Department of Taxation reported Tuesday.

Las Vegas Retailers Expect Good Season

26 November 2003

This time each year, just days before Black Friday, the first holiday shopping day after Thanksgiving, many Las Vegas retailers seem to roll out annual projections calling for `double-digit sales increases’ in holiday sales.

Nevada Tax Panel Approves Live Entertainment Regulation

26 November 2003

fter months of testimony involving regulators, lawyers and taxpayers, it took less than 30 minutes Friday for the Nevada Tax Commission to approve a regulation governing live entertainment taxes in casinos as well as non-gaming venues new to the tax.

Icahn May be Looking at Las Vegas Hilton

26 November 2003

A real estate limited partnership controlled by investor Carl Icahn may be in talks with a company regarding the possible acquisition of the Las Vegas Hilton.

Trade Show Business Thriving

25 November 2003

Convention center insiders and Wall Street analysts are bullish about business in December and the 2004 first quarter despite storm clouds being reported on the horizon.

Lawsuits Likely Over Nevada Entertainment Tax

24 November 2003

he final draft of regulations governing a new tax on live entertainment is likely to contain loopholes that will result in disputes and even lawsuits over whether certain venues are taxable, Nevada regulators say.

Boomtown Casino and Hotel Reno Rings in New Year

24 November 2003

Boomtown Casino and Hotel Reno will toast 2004 with a New Year’s Eve celebration of free champagne, party favors and live entertainment from the Lelands.

Money Laundering: Gaming Board Pushed for Probe

24 November 2003

News Brief: The Nevada Gaming Control Board, not the Tokyo Metropolitan Police Department, originally uncovered suspected money laundering activities taking place at local casinos by Tokyo loan shark Susumu Kajiyama and tipped off law enforcement agencies in the United States and Japan.

Overhaul of Nevada Work Cards Approved

21 November 2003

The Nevada Gaming Commission gave final approval to regulations that will overhaul the present work card system for casino workers across the state and replace it with an employee registration system that begins next year.

Aladdin Generates Positive Cash Flow

21 November 2003

The Aladdin hotel-casino, in the process of being sold to a group headed by the CEO of Planet Hollywood International Inc. for $635 million, reported a profitable October before bankruptcy expenses.

Nevada Gaming Commission Supports Nightclub Tax

21 November 2003

he Nevada Gaming Commission on Thursday sided with its sister agency, the state Gaming Control Board, in supporting draft regulations that would require casinos to pay a 10 percent live entertainment tax on nightclub and lounge venues where disc jockeys play recorded music.

Binion's Horseshoe Owner Negotiating Power Bill

21 November 2003

Binion's Horseshoe is past due on bills with Nevada Power Co., and utility executives said Thursday that they are negotiating a settlement with Horseshoe owner Becky Behnen.

Reno Casino Expansion Advances

21 November 2003

The Reno City Council has given initial approval to a request to nearly triple the size of a neighborhood casino on South Virginia Street south of Reno.

Dead Mobster Removed from Nevada Black Book

21 November 2003

Nevada Gaming Commission voted 5-0 to remove deceased mobster, Marshall Caifano, from its List of Excluded Persons, popularly known as the Black Book.

Red Rock Casino Proposal Draws Opposing Rallies

20 November 2003

Opponents of a proposal to build a 300-foot tower along with a new casino and resort in Summerlin announced that they would hold a rally Friday to pressure developer Howard Hughes Corp. to abandon its support of the project.

Las Vegas Plans New Year's Eve Fireworks

20 November 2003

ews Brief: The Las Vegas Strip is planning a half-million-dollar New Year's Eve fireworks display that organizers hope will rival East Coast celebrations and help mark Sin City's 2004 centennial.

Nightclub Tax Plan to Cost Nevada $4 Million

20 November 2003

Nevada gambling casinos that feature trendy nightclubs may be in for a tax windfall of up to $4 million under the new live entertainment tax.

South Coast Costs Jump

20 November 2003

The cost of Michael Gaughan's planned South Coast has jumped $25 million, the locals casino operator said Wednesday.

Wynn Tower Growing

20 November 2003

The construction of the $70 million water-themed theater at Wynn Last Vegas is well under way, and will be finished about eight months before the property's scheduled April 2005 opening, developer Steve Wynn said.

Tamarack Junction Seeking to Expand

19 November 2003

News Brief: The Tamarack Junction Casino and Restaurant takes its plans to nearly triple its size to the Reno City Council this morning.

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