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Wall Street credit analysts are out with more reports on the gaming industry and one has a decidedly “good news/bad news tone.” CreditSights analysts Chris Snow and Frank Lee issued a report noting “spring is in the air” — a reference to investors warming up to gaming securities as optimism builds about the broader economy.
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This sounds entertaining: Chicken Ranch brothel owner Kenneth Green has called a news conference for Friday in Las Vegas to demand that politicians do something about illegal prostitution here, which he calls a multibillion-dollar industry.
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Longtime journalist Dan Rather has been in town, interviewing people for a story airing tonight on the economic troubles in Las Vegas.
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Concerns about a glut of office and retail space in the Las Vegas Valley aren’t stopping some brave developers from adding even more space to the market.
The latest report on the Las Vegas office market shows, again, there’s a dramatic imbalance between supply and demand.
Wall Street credit raters on Wednesday unleashed a flurry of negative reports involving Las Vegas, with Harrah’s and General Growth Properties receiving much of the attention.
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Type “gastric band Las Vegas” into Google and the top result is for the Gastric Band Institute, with the header “Free Informational Seminar on Gastric Band and Bypass Surgery.”
Former Congressman Jon Porter is included in a Bloomberg News story on the booming lobbying industry and the revolving door between Congress and lobbying companies.
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With a tsunami of unfilled hotel rooms likely to hit Las Vegas in 2010, it’s time for a reality check on the MGM Mirage asset sale story.
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The economic slowdown apparently isn’t the only financial issue facing the Las Vegas Chamber of Commerce. The chamber, which laid off staff this week, also filed suit seeking advertising revenue and royalties from the publisher of two of its publications.
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