Nevada News - Page 747

Las Vegas Mayor Oscar Goodman has made an impassioned plea to local casino owners to delay laying off employees even as tourism visits continue to plummet after last week's terrorist attacks.

A severe dip in Las Vegas tourism and apparent infighting among the owners of the troubled Aladdin megaresort prompted the Aladdin to say for the first time that it may have to close.

Two casino projects got Clark County approvals Wednesday and developers said that fears of an economic turndown affecting the region probably won't slow construction.

Nevada resorts should not cut their prices to draw more visitors during this economic downturn, a casino official says.

The Las Vegas Strip is no longer seen as recession-proof, after an unprecedented round of layoffs Wednesday.

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.

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.

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.

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.

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

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.

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.

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.

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

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

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

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.

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.

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.

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