Applied Analysis has compiled economic and business news of note that affect the Las Vegas Valley, Southern Nevada and the nation as a whole. Below are select articles from 2002 courtesy of various local and national sources sorted by date published.

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IGT will sell casino its operations in Colorado

Author: R. Smith, Las Vegas Review-Journal  Date: 12.27.02

Company says deal will let it focus on core slot manufacturing businesses. International Game Technology completed an agreement Thursday to sell its Colorado casino operations for $84 million... Read More >>

Consumer role is hazy in tax issue

Author: B. Sodoma, Las Vegas Business Press  Date: 12.23.02

It may seem like a business tax, but in the end, valley consumers will foot the bill. That's the sentiment from business and economic leaders addressing the recommendation of a... Read More >>

New GES building creates big vacancies in LV Valley

Author: J. Shubinski, Las Vegas Sun  Date: 12.20.02

GES Exposition Services, which produces some of the largest trade shows in Las Vegas, has moved into two new buildings totaling 850,000 square feet - leaving almost 600,000 square feet of... Read More >>

Room rates to rise after New Year's

Author: R. Smith, Las Vegas Review-Journal  Date: 12.14.02

After hefty holiday discounting to hold the line on hotel occupancy over the holidays, casino operators are raising room rates for the post-New Year's weekend. Average weekday rates across... Read More >>

GAMING: Local gaming index continues its ascent

Author: B. Sodoma, Las Vegas Business Press  Date: 12.10.02

Despite recent skepticism from Wall Street, gaming stocks still showed their muscle in November. The Applied Analysis Gaming Index, an aggregate of eight gaming stocks with a strong concentration... Read More >>

IGT stock price lifts gaming index

Author: R. Smith, Las Vegas Review-Journal  Date: 12.07.02

Local gaming stocks' market value generally rose in November, buoyed by an exceptionally strong performance by International Game Technology, the leading manufacturer of slot machines... Read More >>

Casino stocks lag in October

Author: R. Smith, Las Vegas Review-Journal  Date: 11.02.02

Dow outperforms gambling issues amid profit-taking. Gaming stocks generally slid to a soft close in October compared with the solid performance seen in the overall market. Casino stocks as... Read More >>

Gaming stocks end week up

Author: R. Smith, Las Vegas Review-Journal  Date: 10.26.02

Expert: Industry in defining period. Gaming stocks as a group, trending closely with the overall market, started the week like a lion, but finished like a mouse. After teasing skittish investors... Read More >>

Analyst's program helps planners with projections

Author: S. Kanigher, Las Vegas Sun  Date: 10.25.02

With a few keystrokes on a laptop computer, economic analyst Jeremy Aguero can find projections on Nevada's 2004 prison population, the funding needed in 2007 for welfare programs or the... Read More >>

Detour Ahead: Strip construction has
been credited with profits, losses

Author: B. Sodoma, Las Vegas Business Press  Date: 10.15.02

While expansion along Las Vegas Boulevard has been a source of excitement from Wall Street to Fremont Street, until the projects are done, the dust could could earnings. Park Place... Read More >>

GAMING: Gaming industry keeps on climbing

Author: B. Sodoma, Las Vegas Business Press  Date: 10.15.02

Gaming stocks had another consistent month, in the midst of a tumultuous year on Wall Street. The Applied Analysis Gaming Index rose 3.7 percent during the month of September, the second... Read More >>

Hold onto your stocks, adviser tells jittery investors

Author: R. Smith, Las Vegas Review-Journal  Date: 10.03.02

Gaming stocks in September bucked market trends that have been sharply downward. Gaming has been more insulated from the economic concerns of consumers than even other travel-related... Read More >>

Experience keys pub financing

Author: B. Sodoma, Las Vegas Business Press  Date: 09.30.02

The slot pub craze in Nevada is shows little signs of slowing.  While lenders still view these businesses as solid investments, most financiers will said it comes down to experience when entrepreneurs... Read More >>

Physicians scrambling for capital

Author: B. Sodoma, Las Vegas Business Press  Date: 09.30.02

As the valley grows, so do its medical needs.  But unresolved issues, such as medical malpractice insurance costs and the persistent struggle with managed care reimbursement rates, are... Read More >>

Questions cloud proposed taxes

Author: B. Sodoma, Las Vegas Business Press  Date: 09.30.02

A broad, gross receipts tax appears to be gaining the support of Gov. Kenny Guinn's Task Force on Tax Policy.  But questions still loom about exemptions, varying tax rates for different... Read More >>

Coalition outlines objectives:
Group aims to ally builders, home owners

Author: H. Smith, Las Vegas Review-Journal  Date: 09.27.02

Southern Nevada's home-construction industry has undertaken grass-roots efforts to rectify problems stemming from construction defects, including the unavailability and skyrocketing cost of... Read More >>

GUEST OPINION: Gaming industry resilient amid chaos

Author: Las Vegas Business Press   Date: 09.23.02

Over the past year, the stock market has probably seen some of its most volatile activity in recent decades. Included in this period, we have seen some unusual and extenuating circumstances... Read More >>

Indian gaming a boon, threat to Nevada

Author: B. Sodoma, Las Vegas Business Press  Date: 09.23.02

More than a decade ago, the gaming supplier pie was split between Atlantic City and Nevada. As Indian gaming grows around the country, gaming suppliers are enjoying expanded market... Read More >>

Consumer spending keys gaming future

Author: B. Sodoma, Las Vegas Business Press  Date: 09.23.02

Experts agree the state's gaming future is hinging on more than anti-terrorism initiatives. Although connected to the terrorism fears or lack thereof, consumer spending is the barometer... Read More >>

GAMING: Local gaming index soars in August

Author: B. Sodoma, Las Vegas Business Press  Date: 09.12.02

Riding the strength of a positive outlook on Wall Street and enthusiasm bubbling from several development and expansion projects gearing up along the Strip, the Applied Analysis Gaming Index rose... Read More >>

Software allows instant budget analysis

Author: E. Neff, Las Vegas Sun  Date: 09.10.02

A computer model created to help the Nevada Task Force on Tax Policy will also allow Gov. Kenny Guinn to see several working forms of his state budget at any given time. Guinn said the model... Read More >>

Task force hears gloomy report on revenue gap

Author: E. Vogel, Review Business Capital Bureau  Date: 08.22.02

Analyst estimates state will need additional $4.6 billion over 10 years. Nevada needs an additional $4.6 billion in revenue over the next 10 years to cover the enrollment increases at schools and... Read More >>

Banking and Financing

Author: Nevada Business Journal  Date: 08.15.02

On June 12, 2002, a group of banking and finance CEOs gathered at the Four Seasons Hotel in Las Vegas for a roundtable discussion of challenges and issues affecting their industry in Nevada... Read More >>

Corporate responsibility regulations debated

Author: Applied Analysis Newsroom  Date: 08.15.02

With the recently discussed corporate governance rules, many Southern Nevada investors are left to wonder how the new laws will affect businesses here. Brian Gordon, principal with Applied Analysis... Read More >>

Sweeping reforms miss casino giants:
Gaming firms already face tough scrutiny

Author: V. Miller, Las Vegas Business Press  Date: 08.06.02

"If the rest of corporate America behaved as well as the gaming industry, we would be in good shape." With investor confidence shattered by corporate corruption, President Bush signed... Read More >>

Casino industry gains Wall Street spotlight

Author: B. Sodoma, Las Vegas Business Press  Date: 08.06.02

With a flurry of impressive earnings results from several Las Vegas gaming giants, the industry is getting the thumbs up from many Wall Street analysts. The rave reviews come despite a tough... Read More >>

Business leaders mixed over Yucca

Author: B. Sodoma & V. Miller, Las Vegas Business Press  Date: 07.15.02

After 60-39 vote last week in the Senate, the Yucca Mountain nuclear waste repository has the blessing of the U.S. Congress. The question remains - What comes next? Whether it's legal wranglings or... Read More >>

Medical malpractice crisis may hit state's economy

Author: Henderson Home News   Date: 07.11.02

The impact of Nevada's medical malpractice crisis could effect a much broader cross-section of businesses and families across the state. "The medical malpractice crisis could create a ripple effect... Read More >>

Amusement tax weighed

Author: E. Neff, Las Vegas Sun  Date: 06.24.02

Taxpayers could be facing a blockbuster add-on to their $8.50 movie ticket or the DVDs, videos and games they pick up for the family's weekend viewing. An amusement tax is being analyzed by... Read More >>

Tax Panel Produces Substantial Results

Author: J. Ralston, In Business Las Vegas  Date: 05.09.02

Sometimes it's nice to be proved wrong - even for know-it-all pundits. No one has been more cynical than I about the Governor's Task Force on Tax Policy, erected by Kenny Guinn and the 2001... Read More >>

GUEST OPINION: Commercial softness a continued concern

Author: Las Vegas Business Press  Date: 05.07.02

Higher than average office, industrial and retail vacancy rates have sparked concern from the investment and development communities. The question of the valley's supply and demand balance looms... Read More >>

Tax task force gets details on state's built-in deficit

Author: J. Morrison, Las Vegas Review Journal  Date: 04.18.02

If nothing is done to change Nevada's tax structure, the state will operate at a $307 million annual deficit by the year 2010, a consultant told the Governor's Task Force on Tax Policy on Wednesday... Read More >>

Brian Gordon, Principal Analyst with Applied Analysis
voted into the Top 40 Under 40

Author: In Business Las Vegas  Date: 04.12.02

Brian Gordon uses his skills as a certified public accountant to perform financial analyses for businesses ranging from hospitality companies to high-tech firms. In addition to the financial analysis... Read More >>

Emotions running deep as Andersen mess grows

Author: V. Miller, Las Vegas Business Press  Date: 04.08.02

As the woes mount for embattled accounting giant Arthur Andersen LLP, those with first-hand knowledge wonder what will become of the company and the profession itself. Brian Gordon is one... Read More >>