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December 19, 2014

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Business and Economy

An exterior view of Caesars Palace, June 6, 2013.
Caesars subsidiary to file bankruptcy, restructure finances
Dec. 19, 2014
Casino giant Caesars Entertainment, which for years has struggled with massive debt, announced today that its largest subsidiary reached an agreement with key creditors on a financial restructuring plan. The subsidiary, Caesars Entertainment Operating Company or CEOC, will file for bankruptcy in ...
In this Thursday, Nov. 27, 2014, file photo, Giselle Basurto, of Mexico, shops at a Kmart store in New York on Thanksgiving Day.
Sales for holiday shopping season comes down to the wire
Dec. 19, 2014
Despite an early start, sales data provided to The Associated Press shows that stores may once again have to rely on procrastinators to save the holiday shopping season. Sales were up 1.8 percent from Nov. 1 through Monday compared with the same period a year ago, according to data tracker First Data Corp., which declined to provide sales figures. The numbers are ...
This drone, called the "Magpie," will be the first to fly in Nevada's federal drone test site program. Dignitaries including Gov. Brian Sandoval and Sen. Dean Heller attended a ceremony Friday, Dec. 19, 2014, where the Federal Aviation Administration declared it the first in the program.
FAA authorizing first drone in Nevada test program
Dec. 19, 2014
The Federal Aviation Administration is authorizing the first drone that will fly in Nevada as part of the federal drone test site program. The agency ...
Nevada unemployment rate falls below 7 percent
Dec. 19, 2014
Nevada’s seasonally adjusted unemployment rate fell to 6.9 percent in November, the first time it has been below 7 percent since June 2008. The state Department of Employment Training and Rehabilitation reported ...
An artist’s rendering of MGM Resorts International’s project the Park, which will connect New York-New York and Monte Carlo with an eight-acre outdoor experience.
The future of Las Vegas: See what’s coming on the Strip in 2015
Dec. 19, 2014
Development along the Las Vegas Strip in 2015 will be important in subtle ways. Several projects that are changing the Strip’s physical dynamic will finish or edge closer to completion. The mix of tourism attractions will continue shifting more toward ...
Las Vegas company could print your next car
Dec. 19, 2014
It’s here, just blocks away from the smoky casinos of Fremont Street and the Las Vegas Strip, where you’ll find the company responsible for the world’s first 3-D-printed car.
An exterior view of the Cosmopolitan hotel-casino in Las Vegas.
Gaming regulators OK $1.73 billion sale of Cosmopolitan
Dec. 18, 2014
The sale of the Cosmopolitan of Las Vegas cleared its last regulatory hurdle today when the Nevada Gaming Commission approved the $1.73 billion transaction. The sale was ...
IT director brings efficiencies to local janitorial supply company
Dec. 18, 2014
Whether you're a tourist or long-time resident, if you’ve wandered into a public restroom, a restaurant kitchen or Las Vegas hotel room, you’ve probably come across a Brady Industries product or service...
Sam Nazarian, CEO at SBE Entertainment, speaks during a press conference at SLS Las Vegas on Friday, Aug. 22, 2014.
SLS visionary Sam Nazarian gets limited gaming license
Dec. 18, 2014
Sam Nazarian, the Los Angeles nightclub tycoon and visionary behind SLS Las Vegas, was awarded a limited gaming license from Nevada regulators today. But under terms of the license ...
This Oct. 24, 2014, photo shows the Trump Taj Mahal Casino Resort in Atlantic City N.J.
Carl Icahn promises Taj Mahal casino $20 million to stay open
Dec. 18, 2014
Billionaire investor Carl Icahn pledged $20 million on Thursday to keep Atlantic City's Taj Mahal casino open indefinitely, eliminating a plan to shut it down early ...
Judge to decide evidence issue in gambling case
Dec. 18, 2014
A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was ...
Senate Majority Leader Harry Reid walks to meet with fellow Democrats on Tuesday, Dec. 16, 2014, on Capitol Hill in Washington, D.C. When the 114th Congress convenes in January, Reid and his party will be the minority.
Congressional session is finally over: So what was in it for Nevada?
Dec. 18, 2014
Tax breaks and lands bills got the OK and Yucca Mountain got another stiff-arm during the lame-duck session of Congress, but Nevada lawmakers didn't get everything ...
The brainchild of a former federal inmate, Pigeonly is a 21st-century lifeline
The brainchild of a former federal inmate, Pigeonly is a 21st-century lifeline
Dec. 18, 2014
The business a growing set of services that helps prisoners and their friends and family keep in touch through photos and phone calls.
Reid Gardner Station, a coal fired power plant in Moapa, is shown on Friday, Dec. 7, 2007.
Regulators again reject Moapa solar plant; Reid Gardner still set to close this month
Dec. 17, 2014
State regulators quashed NV Energy’s plans to build a 175-megawatt solar farm on the Moapa Band of Paiutes’ Indian Reservation, saying the company was trying to ...
Tourists pose in front of the iconic Welcome to Fabulous Las Vegas sign in this file photo.
Las Vegas breaks own record with 40 million visitors
Dec. 17, 2014
Las Vegas tourism officials say 40 million people have visited the destination in 2014, breaking an all-time record for the gambling and entertainment hub. The Las Vegas Convention and Visitors Authority ...

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