Tuesday, July 8, 1997 | 9:23 a.m.
Local
* LUXOR SHOPS OPEN -- The Giza Galleria has opened at the Luxor, raising hopes among Circus Circus Enterprises Inc. executives for a reversal of a business slowdown. The eight shops offering artifacts dating back to 2400 B.C., as well as fashions, jewelry and other gifts, are set in an Egyptian-themed mall featuring fountains, statues and stone walkways. Construction disruptions from the massive renovations at the Luxor, including the now-completed addition of 2,000 rooms, have exacerbated the normal early summer slump that affects the Las Vegas tourist industry.
* COMPANY MAKES LIST -- A Las Vegas-based construction company has been listed in an industry publication's ranking of the top 400 general contractors of the nation. Martin-Harris Construction, with 1996 revenues of $85.5 million, ranked No. 317 in Engineering News Record's annual list, which was topped for the third straight year by Fluor Daniel ($9 billion in 1996 revenues) of Irvine, Calif. Martin-Harris made the list for the first time a year ago at No. 345 with annual revenues of $65.4 million.
Briefcase
Moody's assigned junk-bond ratings to Ameristar Casinos Inc.'s $225 million of new debt, but said the company's new credit facility, combined with stable cash flows at existing properties, should provide enough liquidity to cover $70 million needed to finish The Reserve, a safari-themed hotel casino in Green Valley slated to open next year. ... Mick Roemer, former vice president of marketing for International Game Technology, has joined Video Lottery Technologies Inc.'s VLC Inc. unit as vice president of its Nevada operations.
To contact the SUN business news desk, call 259-4083 or e-mail [email protected]
archive
