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Hubble Smith Gaming Guru - Page 2Workers applaud as redevelopment work begins on Downtown Grand21 November 2012
LAS VEGAS -- Electrician Marshal Mann stood among more than 50 construction workers Tuesday applauding the launch of redevelopment for the Downtown Grand hotel, formerly the Lady Luck. The project means 10 months to one year of steady employment for Mann, who spent the past 1½ years searching for work out of state. ... (read more)
Who's got clout? The Las Vegas Business looks at 10 movers and shakers who shape business in the valley20 November 2012
LAS VEGAS -- Clout can be fleeting. Especially in Las Vegas. Times change quickly in Southern Nevada. During the boom period, gaming ruled as new megaresorts on the Strip fueled a booming economy. The recession altered the status quo. Gaming, in some sense, has taken a backseat to other types of development and job creation. ... (read more)
Investor buys Lake Las Vegas acreage9 August 2012
New York hedge fund manager John Paulson and Raintree Investment Corp. have purchased about 875 acres at Lake Las Vegas for $17.3 million, a source familiar with the deal told the Las Vegas Review-Journal.
The land lies in a hilly area on the north shore called Rainbow Canyon. About 565 acres are developable. ... (read more)
NASCAR weekend generates $240 million for Las Vegas economy18 July 2012
The NASCAR race weekend at Las Vegas Motor Speedway contributed more than $240 million to the local economy, the largest economic impact in the event's 15-year history, the Las Vegas Convention and Visitors Authority reported Tuesday.
The economic contribution is up 26.3 percent from the previous year, and it's the fourth consecutive year-over-year increase. ... (read more)
Vegas named "Coolest City" by Forbes Magazine10 August 2010
LAS VEGAS, Nevada -- You've seen the rankings.
Las Vegas is No. 1 in foreclosures, the worst housing market in the nation and among the worst in unemployment, funding for education, teen pregnancy, traffic congestion, crime ... what else?
It's a wonder anyone lives here.
Oh yeah, it's also the "Coolest City" in America, tied with New York City, according to the Aug. ... (read more)
Harrah's plans Vegas retail, entertainment center2 July 2010
LAS VEGAS, Nevada -- Harrah's Entertainment is revisiting a plan to develop a retail and entertainment center in a short thoroughfare that runs from the Strip to Audrie Street between the Flamingo and O'Sheas, a corporate spokeswoman said Thursday.
The center, dubbed Project Linq, would include ... (read more)
Indicators slumping as Nevada gaming struggles6 January 2010
LAS VEGAS, Nevada -- Double-digit declines in gross gaming revenue and taxable sales dragged the Southern Nevada Index of Leading Economic Indicators down to 125.54 in December, the Center for Business and Economic Research reported Tuesday.
Eight of the index's 10 indicators declined from the same ... (read more)
Las Vegas Valley woes expected to continue26 June 2009
LAS VEGAS, Nevada –- Unemployment will continue to climb and more credit problems are likely to arise for the remainder of the year, but some improvement in Southern Nevada's economy is seen for 2010, a local economist said Tuesday.
Housing units permitted are expected to decline 55.8 percent, Clark ... (read more)
Unemployment would bump if CityCenter falls through30 March 2009
LAS VEGAS, Nevada -- Any long-term disruption to building the $8.7 billion CityCenter on the Strip would likely bump Southern Nevada's unemployment rate by 1 percentage point, a local economist said Friday.
At 10.1 percent, the local unemployment rate is already above the national average and ... (read more)
California tax changes may hurt Vegas tourism13 January 2009
LAS VEGAS, Nevada -- UNLV economics professor Alan Schlottmann isn't optimistic about the prospects of Las Vegas' economy rebounding anytime this year.
This is not a normal recession for Nevada and the gaming industry, Schlottmann said. He sees "structural changes" in the region's econometric model as ... (read more)
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