Herbst Gaming sees profit on lower interest expense

Nov. 16, 2009

By Steve Green

Herbst Gaming Inc. of Las Vegas, which is preparing to emerge from bankruptcy protection, reported Monday a small profit for the third quarter thanks to reduced interest expenses.

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Planet Hollywood's financial outlook worsens

Nov. 16, 2009

By Steve Green

The owner of the 2,518-room Planet Hollywood hotel-casino on Monday reported another quarterly loss and disclosed that its lenders are now in control of its finances. BH/RE LLC, the Las Vegas Strip resort's parent company, said that for the quarter ended Sept. 30 it lost $17.5 million vs. a loss of $10.7 million in the year-ago quarter. Revenue fell 20.6 percent, from $69 million to $55 million, as Planet Hollywood's casino accommodated fewer players and the hotel had to lower room rates to stay competitive.

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Station Casinos' loss widens on reorganization costs

Nov. 16, 2009

By Steve Green

Las Vegas locals gaming leader Station Casinos Inc. today disclosed it incurred $370.7 million in costs related to its bankruptcy reorganization, driving a quarterly loss of $455.4 million.

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Hundreds attend wedding expo targeting gay couples

Nov. 16, 2009

By Erin Dostal

Gary Adamski and Tim Santora have been together for 25 years. They are in love, but neither has popped the question, yet. “Being here has gotten me caught up in the moment,” said Santora, 51, of Las Vegas. “This is real. It’s beautiful.”

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Ensign Federal Credit Union fails

Nov. 14, 2009

By Steve Green

Another Las Vegas-area credit union has failed, with regulators on Friday liquidating the 48-year-old Ensign Federal Credit Union of Henderson.

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Las Vegas Hilton reports wider loss in quarter

Nov. 13, 2009

By Steve Green

Noting reduced business volumes and fierce competition, the owner of the Las Vegas Hilton hotel-casino reported Friday that its third quarter loss widened as revenue tumbled.

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Gaming Control Board recommends licensing of CityCenter

Nov. 13, 2009

By Richard N. Velotta

MGM Mirage’s CityCenter cleared a major hurdle today as the state Gaming Control Board unanimously recommended licensing of the $8.5 billion development.

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Stratosphere owner narrows loss as revenue falls

Nov. 13, 2009

By Amanda Finnegan

American Casino & Entertainment Properties, owner of the Stratosphere, reported a net loss today of $1.8 million during the third quarter of 2009, which improved from a net loss of $8 million in the same period of 2008.

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Auto shows get creative to drive attendance

Nov. 13, 2009

By Richard N. Velotta

With the sluggish Las Vegas convention industry and the sputtering automotive industry, local tourism leaders were asking an important question last week: Just how good would this year’s Specialty Equipment Market Association show be for business?

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Get ready for sports book competition, regulator says

Nov. 13, 2009

By Richard N. Velotta

Nevada will face competition for race and sports books, a state gaming regulator predicts.

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Holiday spirit — parties on the cheap

Nov. 13, 2009

By Nicole Lucht

Lavish company parties may be a spirit of holidays past, but businesses can still celebrate the season and boost employee morale without shelling out big bucks.

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IT entrepreneur thrives amid health care debate

Nov. 13, 2009

By Richard N. Velotta

Las Vegas small-business man Russell Suzuki has had a great run in the past few months.

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Net loss

Nov. 13, 2009

Cracks began to appear on the courts at the Darling Memorial Tennis Center shortly after the Las Vegas-owned facility opened in 2005. But those construction defects exposed something at least as serious at City Hall — an inexcusable breakdown in the planning of a major project.

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Bold approach

Nov. 13, 2009

Southern Nevadans have reason to be proud of UNLV after last week’s announcement the university has exceeded its goal of raising $500 million in cash and pledges to upgrade campus facilities and make it easier for students to obtain scholarships.

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The List: Banks and Thrifts

Nov. 13, 2009

By Ulf Buchholz, Marcia Mohr

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