With a combination of good job growth, easy comps, and inventory, David Goldberg, UBS analyst, explains which three locations are housing hot spots.» Read More
LOS ANGELES-- The man who presided over Britney Spears' life during her well-publicized meltdown is portraying himself in court as a benevolent personal manager who saved her from ruin. Sam Lutfi was to finish his direct testimony Wednesday and face cross-examination by a battery of lawyers for the singer's parents and conservators.
*Vegas less powerful in casino world after Macau boom. With no full-time staff in Asia and a mission that includes nurturing an industry increasingly dependent on China- controlled Macau, the granddaddy of U.S. gambling regulators may ultimately prove powerless to police a global business of which Las Vegas is no longer the capital, industry veterans said.
Michael Leven, Las Vegas Sands president & COO, discusses how to improve current tax policies, and create jobs.
HONG KONG-- Casino operator SJM Holdings says it has signed a deal to buy land for a new casino in Macau, the world's biggest gambling market, giving it a chance to catch up with its rivals' rapid expansion. The company operates 20 casinos already in Macau but most are small.
LAS VEGAS-- A Japanese billionaire has dropped his campaign to win seats for his allies on the board of Wynn Resorts Ltd., ending a chapter in a feud with casino mogul CEO Steve Wynn. It was a legal setback for Okada, a former Wynn friend and business partner, who once was Wynn Resorts' single largest shareholder.
CARSON CITY, Nev.-- Nevada's unemployment rate has dropped to 11.8 percent in September, down from 12.1 percent the month earlier. Officials with the state Department of Employment, Training and Rehabilitation say Friday that Las Vegas' jobless rate is 11.5 percent, down from 12.3 percent in August.
SAN FRANCISCO-- A Las Vegas developer has been bounced between tribal and federal court in an effort to protect his financial interest in the Grand Canyon Skywalk, a popular glass bridge that extends from the canyon's edge on tribal land in western Arizona.
NEW YORK-- Shares of MGM Resorts International climbed Thursday after the company said its Chinese arm signed a deal for land to build a massive new casino in the world's biggest gambling market. MGM China, which signed the deal, is a joint venture between Las Vegas- based MGM Resorts International and Pansy Ho, daughter of Macau casino kingpin Stanley Ho.
What makes politics here different is who works in those skyscrapers _ not lawyers or accountants, but heavily unionized housekeepers, blackjack dealers and line cooks who have abruptly transformed Nevada into a swing-voting state. Her youngest daughter will soon graduate from the University of Nevada, Las Vegas. "
HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
MGM China Holdings Ltd. said it formally accepted a land concession contract from the Macau government for a 7.2 hectare plot in the Cotai district, an area of reclaimed land that's earmarked for all new casinos in the Asian gambling haven. MGM China said it is paying $161.4 million for the land, including a $56.2 million down payment.
An Associated Press analysis of presidential campaign advertising data from April through last week found that pro-Romney spending has exceeded pro-Obama ad spending by at least $65 million across the nine states expected to decide the election: Colorado, Florida, Nevada, New Hampshire, North Carolina, Ohio, Virginia, Iowa and Wisconsin.
NEW YORK-- How cool is this: Johnny Depp is going to help run a publishing imprint. Already on the list of books is one by Bob Dylan, "The Unraveled Tales of Bob Dylan," which aims to set the record straight on the songwriter's enigmatic life and career and will be based in part on interviews with Dylan by best-selling historian Douglas Brinkley.
DETROIT-- Amphibious vehicles could soon be zooming out of James Bond's garage _ or pond _ and into yours. Michigan- based Gibbs Sports Amphibians Inc. hopes to sell the vehicle worldwide by 2014.. It's sort of magic, "the founder of Gibbs Sports Amphibians, Alan Gibbs, told The Associated Press in a recent interview.
LAS VEGAS-- Two men who say they're Berkeley, Calif., law school students have been arrested after police say they killed and decapitated an exotic bird that was part of a Las Vegas resort attraction.
SIOUX FALLS, S.D.-- To all the girls and boys, makin' all that noise: Alice Cooper has found you some new toys. The heavy metal icon was in South Dakota on Wednesday to help kick-off a 6,000- square-foot rock `n' roll academy for local Boys& Girls Club members.
SIOUX CITY, Iowa-- The developer of a Hard Rock-themed casino has gotten support from the nonprofit Missouri River Historical Development board to build a casino and entertainment center near the Missouri River in Sioux City, Iowa. Warner and the board must obtain a license from the Iowa Racing and Gaming Commission.
LAS VEGAS-- Nevada's foreclosure rate remains fifth in the nation after big drops in activity compared with last year. RealtyTrac reports Thursday that Nevada's September foreclosure rate is down 19 percent from August and down more than 75 percent from the same time last year. That rate fell behind Florida, California, Illinois and Arizona.
*IRS taking' hard line' on accounting issue-lawyer. The dispute centers on an accounting practice- known as the "completed contract method"- that the IRS has scrutinized for years.
Lady A and Zac Brown Band are next with six nominations apiece, while Swift and Eric Church took five nods each for the third annual fan-voted awards. Bryan, Swift, Lady A, Zac Brown Band and Jason Aldean are up for the night's top honor, artist of the year.