Nevada News - Page 720
Short-Term Problems Confronting Casinos
2 October 2001
Analysts say that the long-range forecast for the gaming industry remains bright, but casino companies are going to have to weather several sub-par quarters before they return to the income levels they were experiencing before the Sept. 11 terrorist attacks.
Casino Security Remains Visible2 October 2001
News Brief: Las Vegas casinos are taking extra measures to ensure their customers feel safe after the Sept. 11 terrorist attacks.
Aladdin Employees Optimistic About Move1 October 2001
Some Aladdin employees say they were relieved when they heard about the company’s Chapter 11 filing.
Economist: Las Vegas Unemployment Could Hit 8.7 Percent1 October 2001
The drastic decline in worldwide travel in the aftermath of the Sept. 11 terrorist attacks could leave one of every 12 Southern Nevadans unemployed by the middle of next year
Las Vegas Weekend Up Slightly; Expected to Fall Off Again1 October 2001
The Las Vegas tourism market continued a slow but measurable rebound over the weekend.
Culinary Union Divided on Work-Hour Reductions1 October 2001
The Culinary Union was sharply divided Friday as its members voted to accept reductions in their work hours for the next two months in an effort to bring laid-off Las Vegas union members back to work.
Nevada Unlikely to Lose Federal Money Laundering Exemption1 October 2001
Nevada casinos are unlikely to lose an exemption that keeps them from filing reports of suspicious cash transactions with the U.S. Treasury Department, a Nevada official said.
Hawaiian Visitation Strong1 October 2001
The Sept. 11 terrorist attacks have had a devastating impact on the number of visitors coming to Hawaii, but Hawaii residents apparently are still continuing their trips to Las Vegas.
Nevada Officials Reject Black Book Nomination30 September 2001
News Brief: Nevada regulators have halted efforts to ban an Illinois man from the state's casinos after information from the Chicago Crime Commission and other sources proved weaker than expected, officials said.
Park Place Involved in Aladdin Bankruptcy Process30 September 2001
Executives of Park Place Entertainment will likely play a key role in any court agreement that would see the Aladdin emerge from Chapter 11 bankruptcy protection.
Aladdin Files for Chapter 11 Bankruptcy Protection28 September 2001
The bankruptcy filing paves the way for the struggling Strip megaresort to remain open while a judge supervises a reorganization of about $500 million of debt. The Aladdin opened in August 2000.
Cable Company Offering Casinos Free Ads28 September 2001
Cox Communications is offering more than $600,000 in free advertising to be shown in four southwestern markets for Las Vegas resort properties.
Venetian's Internet Venture Far From Traditional28 September 2001
The Venetian is exploring offering electronic gambling through wireless devices such as cell phones and handheld organizers.
Analyst: Las Vegas Firms to Miss Online Gaming Opportunities28 September 2001
The window of opportunity for Las Vegas casino operators to enter and dominate the Internet gambling industry will be closed within 12 months, predicts one analyst.
4,500 Jobs Lost at Mandalay Resort Properties28 September 2001
Mandalay Resort Group has eliminated 4,500 jobs in Nevada, or 15 percent of its statewide workforce, in the aftermath of the dramatic decline in travel that has followed the Sept. 11 terrorist attacks.
Weekend Rates For Las Vegas Hotel Rooms Rise27 September 2001
According to a phone survey, Las Vegas hotel room rates are 5.7 percent higher this coming weekend than they were last weekend.
Las Vegas Occupancy Rising, Rates Remain Depressed27 September 2001
Occupancy is rising but room rates at major Strip hotel-casinos will remain depressed well into October, says a survey issued by the Wall Street investment house Bear Stearns.
Las Vegas Strip Debt May Be Downgraded27 September 2001
Major credit agencies are considering downgrading big Las Vegas Strip hotel-casino operators, following a tourism slump triggered by terrorist attacks Sept. 11.
Union Offers to Cut Hours27 September 2001
Las Vegas' largest union will ask members to accept reduced work hours for the next two months in an effort to get laid-off casino employees back to work.
Palms Hotel-Casino Gets Final Regulatory Approval27 September 2001
The off-Strip property – which plans to compete with the Rio, Hard Rock and Mandalay Bay for the younger, hip market -- expects to open Nov. 15.
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