|

4 Station Casinos becoming part of new gaming entity

Author: Channel 13 News Date:
03.25.10

Las Vegas, NV (KTNV) - Station Casinos announced a reorganization plan to split
up its properties. Four of its 18 casinos will become part of a new gaming
entity. The rest will be sold in bankruptcy court...
Read More >>

10
percent of Nevadans in food stamp program

Author: J. P. Coolican, Las Vegas Sun Date:
01.06.10

A new report from local consulting firm Applied Analysis offers yet another grim
assessment of the state of Southern Nevada, this time about disadvantaged people
and their spiking need...
Read
More >>

$325 MILLION DROP: Revenue Forecast Worsens

Author: S. Wyland, Las Vegas Review-Journal Date:
02.15.10

The ailing real estate market is pushing property tax revenues into a deeper
chasm than in 2009, and one analyst predicts local governments will need years
to climb back out of the hole. An early forecast...
Read
More >>

$900 MILLION SHORTFALL: Jobs on line for state, schools

Author: B. Spillman, E. Vogel, Las Vegas Review-Journal Date:
01.27.10

Nevada's budget outlook is so bleak that lawmakers doubt whether state
government can remain afloat without drastic cuts to everything from prisons to
schools to state parks and...
Read
More >>

$4 billion in local revenue might play in state budget game

Author: D. Schwartz, Las Vegas Sun Date:
01.30.10

CARSON CITY - As the governor and lawmakers look for ways to fill a $900 million
hole in the state budget, giant pots of money sitting in bank accounts of
Southern Nevada governments...
Read
More >>

After years of explosive growth, schools to
feel economic pinch for years to
come

Author: E. Richmond, Las Vegas Sun Date:
03.25.10

No public entity has been affected more by Southern Nevada’s explosive growth
than the Clark County School District, which used soaring enrollment to leverage
a $3.5 billion capital campaign to build more...
Read
More >>

A new, and
older, demographic trend

Author: S. Kanigher, A. Richards, Las Vegas Sun Date:
01.03.10

The U.S. Census Bureau projects that the fastest-growing segment of Nevada’s
population over the next 10 years will be senior citizens, and the prospect has
policymakers on edge...
Read
More >>

Analyst: Don’t cut Las Vegas city jobs

Author: D. Toplikar, Las Vegas Sun Date:
05.05.10

Don't follow the
lead of the private sector and lay off your employees — it just contributes to
the economic problem.
But do follow their lead in freezing employees' cost of living allowances,
longevity...
Read
More >>

Another brick in
the wall

Author: Sun Editorial, Las Vegas Sun Date:
03.31.10

A Las Vegas Chamber of Commerce study released this week found that student
achievement in Nevada still lags behind the nation even though there has been
“meaningful improvement” in Clark...
Read More >>

Apartment market
said to need decade to recover

Author: T. Illia, Las Vegas Business Press Date:
03.29.10

Southern Nevada's beleaguered apartment sector is hoping for brighter days
ahead. It may be a while, though. The apartment market suffered an ugly downturn
in 2009, with plunging rents, soaring vacancies...
Read
More >>

A variety of random thoughts

Author: Bruce Spotleson, In Business Las Vegas Date:
02.19.10

Time to clear out the reporter’s notebook, and all the random notes scribbled
into it: There is a broad line between meeting customer expectations and
overshooting them. Seems sort...
Read
More >>

BLEAK JOB REPORT: Nevada adds workers in February but sees jobless rate rise

Author: J. Robison, Las Vegas Review-Journal Date:
03.26.10

Unemployment in Nevada and Las Vegas set records in February, but that doesn't
mean the Silver State's job market worsened significantly, experts said Friday.
New numbers from the state Department...
Read
More >>

Builders & Developers

Author: J Walpole, Nevada Business Magazine Date:
04.01.10

Like a bad dream that never seems to end, the economic outlook for builders and
developers continue to remain in a slump that challenges even the best of the
state’s entrepreneurs. “The construction...
Read
More >>

Business leaders to outline expectations for 2010

Author: R. Velotta, Las Vegas Sun Date:
01.28.10

How Southern Nevada will fare economically in 2010 will be the key topic today
at the Las Vegas Chamber of Commerce’s biggest networking event, Preview Las
Vegas...
Read
More >>

CityCenter
condos may outperform market

Author: B. Wargo, In Business Las Vegas Date:
02.05.10

CityCenter is starting to finalize sales of condominiums, which coincides with
already difficult conditions in the Las Vegas high-rise condo market, analysts
said. Although many expect CityCenter to...
Read
More >>

Commercial real estate vacancies starting to decline

Author: Channel 13 Action News Date:
02.24.10

Landlords and lenders are reaching out to small business owners to combat
commercial retail vacancy rates. Analyst Brian Gordon says the 10% vacancy rate
now is more than double the usual...
Read
More >>

Crystals Vision

Author: K. Silver, Seven Date:
03.25.10

Although more than 40 percent of Crystals has yet to be leased, General Manager
Farid Matraki is optimistic. “I think the first 100 days were very effective,”
he says. “I think we’re on track.”...
Read
More >>

Decreased discretionary spending hurts restaurants

Author: B. Wargo, in Business Las Vegas Date:
03.26.10

The recession has taken a toll on a lot of retailers, many having closed their
doors. Restaurants in Southern Nevada haven’t been immune and are going out of
business in greater numbers...
Read
More >>

Depth of
recession portends lengthy recovery period

Author: R. Velotta, In Business Las Vegas Date:
04.02.10

Southern Nevada needs to capitalize on the strengths that have made it a
world-class destination to get past the 13.8 percent unemployment rate and the
record vacancies in the region’s residential...
Read
More >>

Distressed Las Vegas housing market may be close
to bottoming out, new
analysis concludes

Author: R. Theim, The Examiner Date:
02.01.10

The distressed Las Vegas residential real estate market - which has the dubious
distinction of being home to more foreclosures than any other U.S. city - has
seen a 50% drop in its resale inventory...
Read
More >>

Dreary reality
aside, optimists make case for Vegas revival

Author: J. P. Coolican, Las Vegas Sun Date:
01.29.10

Watching Southern Nevada these past 30 months or so has been like watching a
sick loved one wither and worsen, or like watching a continuous loop of an
Ingmar Bergman film with dry...
Read
More >>

Economist says nation recovering faster than Las Vegas

Author: J. Robison, Las Vegas Review-Journal Date:
03.23.10

The national recession's end is in sight, though recovery remains elusive in Las
Vegas, an economist said this morning. Federal Reserve senior economist Raymond
Owens said the U.S. economy...
Read
More >>

EDITORIAL: Strategic thinking

Author: Editorial, Las Vegas Review Journal Date:
01.24.10

Nevada is hurting, no question about it. Unemployment rose last month to a
near-record 13 percent. While housing prices have stabilized, no one expects
them to rise again for years...
Read
More >>

Empty offices dot landscape in Las Vegas

Author: H. Smith, Las Vegas Review-Journal Date:
04.13.10

Perhaps the best remedy for sky-high office vacancy in Las Vegas should come in
the form of a steel wrecking ball. Like the residential and retail markets, the
office market is overbuilt...
Read
More >>

Empty office space on rise in Southern Nevada,
but analysts see some hope

Author: H. Smith, Las Vegas Review-Journal Date:
01.30.10

The two-year recession is clearly taking a toll on Southern Nevada's retail
market, emptying shopping centers and pinching consumer spending, though some
real estate analysts see...
Read
More >>

Free fall may be
over for Las Vegas office sector

Author: B. Wargo, In Business Las Vegas Date:
04.16.10

Southern Nevada’s office market is showing signs of recovery and has seen the
end of the free-fall it experienced in 2008 and 2009, according to a first
quarter report from Colliers International...
Read
More >>

Foreclosures bring hurdles to getting accurate census count

Author: E. Dostal, Las Vegas Sun Date:
02.23.10

Every person who isn’t counted by the U.S. Census represents about a $900 loss
for Nevada -- one reason why everyone needs to be counted, U.S. Secretary of
Commerce Gary Locke said during...
Read
More >>

GAMING STOCKS: Down For Month, Up For Year

Author: H. Stutz, Las Vegas Review-Journal Date:
01.01.10

December wasn't the best of months for the publicly traded gaming companies. But
compared to where their stock prices stood a year ago, 2009 turned out to be a
rebound year for...
Read
More >>

Gaming stocks fall in February

Author: H. Stutz, Las Vegas Review-Journal Date:
02.27.10

February wasn't the gaming sector's finest month.
Investor concerns surrounding Las Vegas sent the average daily stock prices of
seven publicly traded casino operators and slot machine...
Read
More >>
 |