|
A tax system by default, not by plan |
 |
 |
 |
|
When Nevada legalized gaming in 1931, it was almost an afterthought. The modest levies on card games and slots would be the garnish. The main course through tough economic times, state leaders believed, would be looser divorce laws adopted during the same legislative session to lure unhappy spouses to spend time — and money — in Nevada. |
|
IRS invites tip earners to resolve reporting issues |
|
|
|
|
The IRS is coming to Las Vegas — in peace, without auditors. Its mission: Resolve tax problems for casino workers. |
|
Las Vegas resorts, restaurants earn Five-Star awards |
|
|
|
|
Mobil Travel Guide on Thursday announced the winners of its Four- and Five-Star awards -- among the most prestigious awards in the hotel industry. |
|
Gaming commission OKs licensing for M Resort |
|
|
|
|
The Nevada Gaming Commission today unanimously approved licensing of Southern Nevada's newest casino, the 390-room M Resort. The property, at Las Vegas Boulevard South and St. Rose Parkway, is expected to open March 1. |
|
IGT reports drop in profits |
|
|
|
|
International Gaming Technology reported a 42.3 percent drop in profits for the first quarter due to a decline in product sales, increased costs to fund jackpots and unfavorable economic conditions. |
|
M Resort to include nine restaurants |
|
|
|
|
M Resort, Spa and Casino announced today it will include nine restaurants and five beverage offerings when it opens later this year. |
|
Slovenians beat cultural barrier to state license |
|
|
|
|
Three years into the arduous process of obtaining a Nevada gaming license, Slovenian business partners Tomaz Zvipelj and Joze “Joc” Pececnik stumbled before the Nevada Gaming Control Board. At a hearing in November 2006, the board declined to license the partners’ gambling machine company and criticized them for sloppy record-keeping and obstructing the investigation process. |
|
Fontainebleau has the cash to keep rising |
|
|
|
|
At a time when some companies are strapped for cash, Fontainebleau Resorts is expected to have enough money to open the $2.9 billion Fontainebleau Las Vegas, as planned, in October. |
|
Beneath its skin, Fontainebleau has something extra for guests’ gadgets |
|
|
|
|
While some resort operators sweat over plans for the next hot nightclub, celebrity chef restaurant or pool lounge, tech geeks at the under-construction Fontainebleau Las Vegas are abuzz over their kind of eye candy. |
|
Las Vegas Sands: A big rise, a big fall |
|
|
|
|
Las Vegas Sands was once the envy of Wall Street. In fall 2007, with seemingly unlimited growth prospects in Macau, the most lucrative gambling market in the world, the company’s share price topped out at nearly $150. But then came the fall, a drop so fast and long that even in this era of suicidal reversals on Wall Street, Sands stands out. The company’s market value plummeted more than 90 percent. |
|
Annual report shows dramatic fall of casino profits |
|
|
|
|
The state Gaming Control Board released its annual “Nevada Gaming Abstract” Friday, showing that the 266 casinos statewide that grossed $1 million or more in gaming revenue ended up with a 68.6 percent decline in net income. |
|
Big plans for Barcelona Hotel |
|
|
|
|
The purchase of the Barcelona Hotel on Craig Road near Nellis Air Force Base by the Siegel Group Nevada is the latest expansion of that brand in Southern Nevada. The property is the second hotel for Siegel Group Nevada. The company purchased the Gold Spike in downtown Las Vegas for $21 million in February, just six months after the previous owner had paid $15.6 million for it. |
|
Research firm expects further declines in gaming market |
|
|
|
|
IBIS World, a market research analysis firm, has forecasted an 8.4 percent decline in nationwide hotel-casino revenue by December 2009 as unemployment figures continue to rise. |
|
Study finds high pollution levels in casino restaurants |
|
|
|
|
More than two years after the Nevada Legislature passed the Indoor Clean Air Act, a UNLV and University of Kentucky study has found unsafe levels of air pollution due to secondhand smoke in Las Vegas Valley casino restaurants. |
|
Planet Hollywood names new president |
|
|
|
|
Planet Hollywood Resort & Casino today named Thomas J. McCartney as president and chief executive officer, replacing Michael V. Mecca, who has resigned from the company. |
|
Plan would give Tropicana creditors ownership stake |
|
|
|
|
Tropicana Entertainment has filed a reorganization plan with the federal bankruptcy court in Delaware that would cancel the company’s long-term indebtedness and convert a portion of its debt into ownership stakes held by its creditors. |
|
Boyd Gaming president named to Federal Reserve board |
|
|
|
|
The Federal Reserve Bank of San Francisco’s board of directors on Monday appointed Las Vegas-based Boyd Gaming president Keith Smith to the board of directors of its Los Angeles branch. |
|
Caesars Palace delays opening of tower |
|
|
|
|
Following moves by other companies to delay or cancel building projects amid the floundering economy, Harrah's Entertainment is delaying the opening of its Octavius Tower expansion at Caesars Palace until demand for hotel rooms improves, the company said today. |
|
The Harmon isn’t Strip’s only troubled condo |
|
|
|
|
The discovery of structural problems at CityCenter’s The Harmon, which led developers last week to scale down the hotel and scrap plans for about 200 condominium units, might be viewed as an unfortunate incident that turned into a lucky break for partner MGM Mirage. |
|
Small casinos feel pinch of recession |
|
|
|
|
For 10 years, Nonie Galloway helped pay the bills as a hostess-cashier at the Silver Club in Sparks. |
|
|
|
|
