|
|
|
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 2004 courtesy of various
local and national sources sorted by date published.
View
Articles:
Alphabetically >>
|
|
|
|
|
|
THE
STRIP: Riviera shares rising fast
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.28.04
Those who bought stock in the parent company of the Riviera back in January and
held onto the shares through Monday aren't disappointed. Duane Krohn, chief
financial officer of Riviera...
Read More >> |
|
|
|
|
|
|
|
Taxes will be higher for casinos, too
Author: R. Smith, Gaming Wire, LVRJ Date:
12.28.04
In a major reversal of fortune, the current taxable value of Las Vegas-based
casino companies jumped more than 6 percent from the two preceding years, an
annual list released by the Clark County...
Read More >> |
|
|
|
|
|
|
|
Valley's land prices double in 12 months
Author: T. Illia, Las Vegas Business Press Date:
12.23.04
Southern Nevada's runaway population growth has fueled a real
estate boom that has seen vacant land sale prices double over
the last 12 months. During the third quarter, property sales
averaged...
Read More >> |
|
|
|
|
|
|
FUTURE OF GAMING: A developing interest
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.19.04
The scheduled opening in April of the $2.5 billion Wynn Las Vegas may be the
catalyst for the newest wave of casino construction along the Strip and around
the valley. While the 2,800-room resort...
Read More >> |
|
|
|
|
|
|
In second day of trading, Las Vegas Sands shares keep climbing
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.17.04
Las Vegas Sands Corp. continued its upward climb during its second day of
trading on the New York Stock Exchange Thursday, gaining another $1.3 billion in
market capitalization while closing...
Read More >> |
|
|
|
|
|
|
Investors, Las Vegas Sands hit jackpot as stock goes public
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.16.04
On its inaugural day of trading on the New York Stock Exchange, Las Vegas Sands
became the industry's largest gaming company in terms of market capitalization
after its stock price jumped 61 percent...
Read More >> |
|
|
|
|
|
|
|
NEVADA GAMING: Casino revenue soars
Author: H. Stutz, Gaming Wire, LVRJ Date:
12.11.04
Fueled by a surge in table game play on the Strip, Nevada
casinos in October recorded their second-best month ever,
winning $924.9 million from customers, numbers reported Friday
by the state...
Read More >> |
|
|
|
|
|
|
Construction market to see a slight drop
Author: T. Illia, Las Vegas Business Press Date:
12.10.04
Nevada construction spending is expected to see a slight drop
in 2005, due to single-family housing experiencing rising
mortgage rates, escalating land prices and higher building
costs, says Cliff Brewis...
Read More >> |
|
|
|
|
|
|
|
Homebuilder to redevelop land near Strip
Author: J. Shubinski, Las Vegas Sun Date:
12.10.04
Homebuilder DR Horton purchased 33 acres of land just east of
the Las Vegas Strip for $86.5 million, or more than $2.6
million an acre, and some industry experts say the property
may be developed...
Read More >> |
|
|
|
|
|
|
Gaming stocks showing strength
Author: H. Stutz, Gaming Wire, LVRJ Date: 12.01.04
Las Vegas Sands, owners of The Venetian, increased its
initial public offering to more than $500 million, the
company announced Monday in a filing with the Securities
and Exchange Commission...
Read More >> |
|
|
|
|
|
|
Southwest Exchange and Nevada National Exchange
announce merger
Author: H. Smith, Las Vegas Review-Journal Date: 11.23.04
Two Nevada companies specializing in 1031 real estate
transactions have merged, forming one of the major
independent exchange companies on the West Coast, an
executive said Monday...
Read More >> |
|
|
|
|
|
|
SEC FILING: Sands IPO goal: $524 million
Author: H. Stutz, Gaming Wire, LVRJ Date: 11.23.04
Las Vegas Sands, owners of The Venetian, increased its
initial public offering to more than $500 million, the
company announced Monday in a filing with the Securities
and Exchange Commission...
Read More >> |
|
|
|
|
|
|
|
Caesars Entertainment announces deal to sell Tahoe casino
Author: H. Stutz, Gaming Wire, LVRJ Date:
11.20.04
Caesars Entertainment continued to eliminate pieces of its
empire in preparation for its announced sale to Harrah's,
disclosing late Friday the company had agreed to sell its
Caesars Tahoe...
Read More >> |
|
|
|
|
|
|
Real Estate: Beltway Business Park under construction
Author: T. Illia, Las Vegas Business Press Date:
11.19.04
Las Vegas is known for doing things big. And few projects are
bigger than the 424-acre master-planned Beltway Business Park,
located along south Interstate 215 between Decatur and Jones...
Read More >> |
|
|
|
|
|
|
CityCenter at center stage for Strip
Author: R. Smith, Gaming Wire, LVRJ Date:
11.14.04
With its announcement last week of an 8,000-room "urban
village" in the heart of the Strip, MGM Mirage is moving
boldly where no casino company has gone before to define the
future for Las Vegas...
Read More >> |
|
|
|
|
|
|
Retail registers big during third quarter
Author: T. Illia, Las Vegas Business Press Date:
11.12.04
Southern Nevada's population boom together with a robust
housing market and lower taxes have propelled the valley's
retail market to a low a 3.6 percent vacancy rate during the
third quarter...
Read More >> |
|
|
|
|
|
|
Fewer in LV can afford to buy home
Author: J. Shubinski, Las Vegas Sun Date:
11.11.04
Teachers, nurses and hotel workers are being left out in the
cold as the ability to buy a home becomes more out of reach
for many in the Las Vegas Valley. The percentage of Las Vegans
who could afford...
Read More >> |
|
|
|
|
|
|
Man sues after Pulte price reductions
Author: J. Shubinski, Las Vegas Sun Date:
11.03.04
A
California man who bought more than $1.5 million worth of Del
Webb homes - but says he has an income of $30,000 a year -
has sued the company alleging breach of contract after it
lowered...
Read More >> |
|
|
|
|
|
|
Mixed results for gaming stocks
Author: R. Smith,
Gaming Wire, LVRJ Date:
10.30.04
Gaming stocks went their separate ways in October, with
Boyd Gaming Corp. shares up 21 percent, closing at
$33.49 Friday, to lead the pack and Alliance Gaming
Corp...
Read More >> |
|
|
|
|
|
|
Let the good times roll
Author: S. Mihailovich,
Las Vegas Business Press Date:
10.29.04
A flurry of quarterly financial reports released in the
past two weeks for major casino operators and gaming
equipment manufacturers show record revenues, profits or
both for some...
Read More >> |
|
|
|
|
|
|
Office market strengthens during the third quarter
Author: T. Illia,
Las Vegas Business Press Date:
10.29.04
Consumer confidence from a strengthening economy has
helped fuel employment growth and business expansions
throughout the Las Vegas Valley, creating a robust
office market...
Read More >> |
|
|
|
|
|
|
|
Real Estate: Industrial market is bullish during third
quarter
Author: T. Illia,
Las Vegas Business Press Date:
10.15.04
Southern Nevada's industrial market remained healthy
during the third quarter, recording a low 9.2 percent
vacancy rate, reports Applied Analysis, a Las
Vegas-based economic...
Read More >> |
|
|
|
|
|
|
|
Real Estate: Strong markets still face challenges
Author: J. Shubinski, In Business Las Vegas Date:
10.15.04
Local real estate and research firms released their
third-quarter numbers last week. Overall, the markets
continued to be strong but continue to face challenges,
industry experts said....
Read More >> |
|
|
|
|
|
|
|
RECORD EARNINGS: Cash flowing for gaming industry
Author: R. Smith, Gaming Wire, LVRJ Date:
10.14.04
Major Las Vegas gaming operators finished the third
quarter with record earnings unseen since the terrorist
attacks of Sept. 11, 2001, thanks to a surge in leisure
and business travel fueled...
Read More >> |
|
|
|
|
|
|
Growth task force considers dwindling space, higher prices
Author: L. Rake, Las Vegas Sun Date:
10.13.04
The question of how much room is needed for growth and
how fast the growing population of Southern Nevada
should use that land dominated the meeting of the Clark
County Growth Management...
Read More >> |
|
|
|
|
|
|
|
Price of land likely to send rental rates up
Author: H. Smith, Las Vegas Review Journal Date:
10.12.04
Rents for office and industrial tenants are expected to
rise in Las Vegas, driven by land prices and tighter
vacancy rates, commercial real estate experts said in
their third-quarter market reports...
Read More >> |
|
|
|
|
|
|
|
Street seen as reassured about Harrah's-Caesars deal
Author: R. Smith, Gaming Wire, LVRJ Date:
10.09.04
Strong arguments by Harrah's executives have helped
persuade Wall Street that its $9.4 billion plan to buy
Caesars Entertainment makes strategic sense, analysts
said Friday...
Read More >> |
|
|
|
|
|
|
New York developer plans $60 million
condo project for South Strip
Author: H. Smith, Las Vegas Review-Journal Date:
10.02.04
A New York developer plans to build a $60 million,
272-unit midrise condominium project on Las Vegas
Boulevard South at Pebble Road, a rapidly growing
corridor of urban resort lifestyle...
Read More >> |
|
|
|
|
|
|
|
INVESTMENTS: Gaming stocks surge in September
Author: R. Smith, Gaming Wire, LVRJ Date:
10.01.04
Gaming stocks had a banner month in September,
recovering from their summer doldrums with a surge of 12
percent in the Dow Jones Casino Index and 6 percent in
the Applied Analysis Gaming Index...
Read More >> |
|
|
|
|
|
|
Work on medical office complex progressing
Author: H. Smith, Las Vegas Review-Journal Date:
09.27.04
The 100,000-square-foot first phase of Coronado Medical
Center is nearly completed at Sunset Road and Interstate
215, within walking distance of Southern Hills Hospital
and Medical Center...
Read More >> |
|
|
|
|
|
|
Real Estate: Record real estate volumes anticipated for
2004
Author: T. Illia, Las Vegas Business Press Date:
09.17.04
Low interest rates and a high amount of investor
activity is driving Southern Nevada's real estate market
to record numbers. Real estate brokerage firm CB Richard
Ellis has recorded $1.06 billion worth...
Read More >> |
|
|
|
|
|
|
|
NEVADA ECONOMY: Gaming win dips in July
Author: R. Smith, Gaming Wire, LVRJ Date:
09.11.04
Nevada's total monthly gaming win dipped in July for
only the second time this calendar year, falling 1.6
percent to $812.5 million compared with $825.4 million a
year earlier, the state Gaming...
Read More >> |
|
|
|
|
|
|
Gaming: Staying ahead of the gaming
Stocks slip for second month in a row
Author: S. Mihailovich, Las Vegas Business Press Date:
09.09.04
Despite everything else in the valley heating up in
August, gaming stocks remained cool as the Applied
Analysis Gaming Index (AAGI) lost 15.5 points, or 6.3
percent of its value, to close out...
Read More >> |
|
|
|
|
|
|
|
TEAMSTERS WALKOUT: Experts: Duration, intensity
key factors
in strike impact
Author: R. Smith, Gaming Wire, LVRJ Date:
09.08.04
While the strike by Teamsters & Truck Drivers Local
Union 631 against local convention services companies
could have serious consequences in Las Vegas, gaming
industry experts said Tuesday the...
Read More >> |
|
|
|
|
|
|
|
Gaming stocks slip for second month
Author: R. Smith, Gaming Wire, LVRJ Date:
09.01.04
Gaming stocks took another dive in July, suffering
through their second month in a row of summer doldrums,
analysts said Tuesday. The Applied Analysis Gaming
Index, a weighted average of...
Read
More >> |
|
|
|
|
|
|
|
Convention slate expected to boost Strip room rates
Author: R. Smith, Gaming Wire, LVRJ Date:
08.31.04
Following a year and a half of hefty price increases, rates
for rooms on the Strip booked three weeks in advance stayed relatively flat this
summer. Analysts said operators had pushed rates too far...
Read
More >> |
|
|
|
|
|
|
|
Gaming, O'Connell still split over taxes
Author: K. Searer, Las Vegas Sun Date:
08.27.04
State Sen. Ann O'Connell and gaming industry bosses are
reliving the 2003 tax debate in what is becoming a
fierce primary contest for O'Connell. The gaming
industry is targeting the longtime senator...
Read More >> |
|
|
|
|
|
|
|
Onward and upward
Author: J. Shubinski, Las Vegas Sun Date:
08.27.04
What started as a trickle of proposed high-rise projects has
quickly turned into a flood as land owners and developers think of ways to cash
in on the latest Las Vegas...
Read
More >> |
|
|
|
|
|
|
Another buyer emerges to make offer for Riviera Holdings
Author: R. Smith, Gaming Wire, LVRJ Date:
08.21.04
Yet another buyer is taking a swing at buying Riviera Holdings
Corp., a Securities and Exchange Commission filing said Friday. Riviera Holding
shareholder D.E. Shaw Laminar Portfolios...
Read
More >> |
|
|
|
|
|
|
JUNE REPORT: Gaming win surges 6 percent
Author: R. Smith, Gaming Wire, LVRJ Date:
08.13.04
Nevada's gaming industry propped up the state's economy in
June with a total gaming win of $855.5 million, up nearly 6 percent from a year
earlier, the state Gaming Control Board reported Thursday...
Read
More >> |
|
|
|
|
|
|
|
Gaming: Airline goes international for local market
Author: S. Mihailovich, Las Vegas Business Press
Date:
08.06.04
When airlines are designing ways to take people out of Las
Vegas, you can bet that investors are following suit by pulling out their money
as profit taking continued to hammer away at gaming stocks' values...
Read
More >> |
|
|
|
|
|
|
Real Estate: Valley's office market buoys during second
quarter
Author: T. Illia, Las Vegas Business Press Date:
08.06.04
The office market rebounded during the second quarter with
10.1 percent vacancy rate, a 1.5 percent improvement over last year, reports
Applied Analysis, a Las Vegas-based economic...
Read More >> |
|
|
|
|
|
|
Poll shows 'empty nesters' are driving new home sales
Author: T. Illia, Las Vegas Business Press Date:
08.01.04
The nation's aging "Baby Boomer" generation is fast
bec |
