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Las Vegas Economy

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BUSINESS
August 23, 1993 | TOM PETRUNO
Shares of the big Las Vegas casino operators are hitting new highs, as Wall Street pumps up expectations for the three major resorts that will open on the Strip this fall. By all accounts, the new mega-properties have the potential to complete Vegas' rapid transition from Sin City to family-oriented destination. "Orlando with gambling," some analysts now call it.
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NATIONAL
December 25, 2008 | Ashley Powers
Las Vegas has staked its future on 320-thread-count linens, 2,200-square-foot suites, filet mignon, Chanel, seaweed wraps and $5,000 bets on slot machines. The latest batch of mega-resorts revels in luxury. Thrift mostly vanished with showgirls and the Rat Pack. Now some observers are wondering whether that was a wise bet. The recession has hobbled Las Vegas casinos, once lauded as impervious to the national economy's ups and downs.
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NATIONAL
December 25, 2008 | Ashley Powers
Las Vegas has staked its future on 320-thread-count linens, 2,200-square-foot suites, filet mignon, Chanel, seaweed wraps and $5,000 bets on slot machines. The latest batch of mega-resorts revels in luxury. Thrift mostly vanished with showgirls and the Rat Pack. Now some observers are wondering whether that was a wise bet. The recession has hobbled Las Vegas casinos, once lauded as impervious to the national economy's ups and downs.
BUSINESS
August 23, 1993 | TOM PETRUNO
Shares of the big Las Vegas casino operators are hitting new highs, as Wall Street pumps up expectations for the three major resorts that will open on the Strip this fall. By all accounts, the new mega-properties have the potential to complete Vegas' rapid transition from Sin City to family-oriented destination. "Orlando with gambling," some analysts now call it.
BUSINESS
June 5, 1989
Casino Workers OK Contracts: Workers at six of Nevada's largest hotel-casinos ratified new five-year contracts by a near-unanimous vote, apparently ending the threat of a crippling gaming industry strike that would have dampened a booming Las Vegas economy. Members of Culinary Local 226 and Bartenders Local 165 ratified agreements, by a vote of 4,378 to 130, with Circus Circus, the Tropicana, Bally's, Caesars Palace, the Las Vegas Hilton and the Flamingo Hilton. The contracts provided for a $1.25-an-hour wage increase over the life of the contract, a 95-cent-an-hour boost to health and welfare pension funds and tightened job security.
BUSINESS
May 24, 2002 | DOUG YOUNG, REUTERS
Three Las Vegas casino operators reached a tentative deal with the union representing housekeepers, cooks and restaurant servers Thursday, lessening the chances of a crippling strike in the gambling mecca as other casino groups continue their labor talks. Park Place Entertainment Corp. and Aztar Corp. reached their initial agreement with the Culinary Workers union early Thursday, a Park Place spokesman said. Harrah's Entertainment Inc.
SPORTS
January 15, 2005 | Larry Stewart, Times Staff Writer
Magnetic car ribbons that express everything from support for U.S. military troops to cancer awareness have become a pop culture phenomenon. And now, according to Associated Press, there are magnetic car ribbons that express hockey fans' frustration over the NHL's 122-day-old lockout. "I need my hockey fix(ed)," reads the black-and-orange magnets created by Doug Sitler of Buffalo, N.Y., who quickly sold more than 2,000 of them.
NATIONAL
February 14, 2009 | Richard Simon
A proposed Anaheim-to-Las Vegas high-speed train became a hot topic as Congress prepared to pass an economic recovery bill. In reality, not a word about the train appears in the 1,000-plus page, $787-billion bill that Congress passed Friday night. However, the bill does provide $8 billion for unspecified high-speed and intercity passenger rail projects, more than three times as much as allocated in earlier versions of the legislation. "I guess they hit the jackpot," Sen. Pat Roberts (R-Kan.
NATIONAL
April 21, 2012 | By John Glionna, Los Angeles Times
LAS VEGAS - The boys sat there swilling coffee and bemoaning a depressing reality: What happens in this town doesn't necessarily stay here - thanks, they say, to the national media spreading scuttlebutt. The gossip doesn't involve a tawdry tryst in a hotel room off the Strip. These days, the diciest Sin City escapade is just trying to scratch out a living here, claim the news reports. "Everybody," insurance salesman Rodney Leavitt told his coffee klatch buddies, "likes to beat up on the big guy when he's down.
BUSINESS
March 12, 2001 | JOYCE M. ROSENBERG, ASSOCIATED PRESS
A weaker economy doesn't necessarily mean it's a bad time to start or expand a business. It does mean entrepreneurs need to do some extra projections and soul-searching before making any big moves. "Even if you're in a declining economy, some industries will do well," said William Dunkelberg, chief economist with the National Federation of Independent Business. "Do your research carefully." "If you found an opportunity . . .
ENTERTAINMENT
June 8, 2008 | Richard Abowitz, Special to The Times
The opening of Palms Place last weekend was as celebrity-packed and media-saturated as you would expect from a George Maloof event associated with the Palms. In fact, a number of the celebrities on the red carpet had already had their own red carpets in connection with Palms Place. There was the endless number of cast members/workers at Sunset Tan, which has a salon in the hotel. That salon had a red carpet opening earlier this year.
SPORTS
September 14, 2003 | Randy Harvey
You can do a lot with $4.5 million. You can buy a mansion, even in the Southern California real estate market. You can buy a diamond ring for your wife. You can almost send your child to college. I'm not sure what Shane Mosley is going to do with the money he was guaranteed for fighting Oscar De La Hoya on Saturday night at the MGM Grand. But I do know this. Mosley won't enjoy spending the $4.5 million nearly as much as he will the half-million dollar bonus.
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