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NEW YORK-- Moody's Investors Service on Friday downgraded its ratings on Caesars Entertainment Corp. due to negative gambling trends. The outlook is negative, suggesting that Moody's may downgrade it again in the near future. Gaming revenue has declined in most of its major markets this year, Moody's said.
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CARSON CITY, Nev.-- Drivers in the Reno- Carson City and Las Vegas areas are losing about $1,500 each year because Nevada's roadways are outdated and, in many cases, inadequately maintained, a report released Thursday revealed. Tick Segerblom, D- Las Vegas, told members of the Senate Committee on Revenue and Economic Development on Thursday.
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LAS VEGAS-- An Iowa couple has become the first to get married at the Denny's wedding chapel in Las Vegas. Nancy Levandowski and Steve Keller tied the knot Wednesday evening, while some well-wishers sat in booths and restaurant patrons ate dinner nearby.
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HanesBrands shares jumped Friday after the clothing company said it would begin issuing a quarterly dividend and forecast full-year earnings that were largely in line with market forecasts. THE BIG PICTURE: HanesBrands also said Thursday that it expects to earn 48 to 51 cents per share for its first quarter on revenue of $945 million.
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WINSTON-SALEM, N.C.-- Clothing maker HanesBrands said Friday that it will begin paying a quarterly dividend in June. HanesBrands said that it will pay a dividend of 20 cents per share on June 3 to shareholders of record as of May 20. The company also Thursday that it expects to earn 48 to 51 cents per share for its first quarter on revenue of $945 million.
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CARSON CITY, Nev.-- A national transportation research group will release a report on the condition of Nevada's roadways just hours before state senators are set to discuss raising gas taxes by 2- cents annually over the next decade.
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SALT LAKE CITY-- After four years of negotiations, Utah Gov. Gary Herbert on Wednesday rejected an agreement with Nevada that would allow Las Vegas to pump massive amounts of groundwater from the states' shared border.
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HARRISBURG, Pa.-- State gambling regulators say gross revenue from slot machines at Pennsylvania's 11 casinos was down slightly last month compared to the same period a year ago, although it still amounted to the second-highest monthly take on record.
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CARSON CITY, Nev.-- The Nevada Senate on Monday approved a resolution to repeal mining tax protections in the state constitution, a move supporters say will give legislators leeway to determine appropriate tax rates on a booming industry. Ruben Kihuen, D- Las Vegas, said on the Senate floor before votes were cast.
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CHICAGO-- Lawmakers pushing to expand gambling in Illinois hope the third time is a charm with a more finely tuned proposal that could make Illinois the fourth state to allow Internet gaming. But it also includes Internet gambling, which would allow Illinois residents to play games like black jack on their computers or smart phones.
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NEW YORK-- Morgans Hotel Group Co. said Monday that it has reached agreements with The Yucaipa Cos. that will help significantly lower its debt. In exchange, Yucaipa will receive Morgans' ownership interests in Delano South Beach and The Light Group.
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NEW YORK, March 29- Unemployment rates in most U.S. states in February were flat to somewhat lower compared with January, according to Labor Department data released on Friday. In contrast, posting the highest unemployment rates were California, Mississippi, and Nevada, all at 9.6 percent.
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Gary Herbert said Thursday he was struggling over whether to let Las Vegas pump massive amounts of groundwater from the Nevada- Utah border. The water comes from an ice-age aquifer under 120- mile-long Snake Valley, which supports ranching and farming on both sides of the Utah- Nevada border.
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SANTA FE, N.M.-- New Mexico can move ahead with establishing a state-run health insurance exchange under legislation signed into law Thursday by Republican Gov. Martinez is one of a small number of GOP governors to opt for a state-run exchange under President Barack Obama's health care overhaul.
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Florida tops the list of zombie properties with 90,556 vacant homes in foreclosure, according to a foreclosure inventory released on Thursday by RealtyTrac, a real estate information company in Irvine, California. Illinois and California ranked a distant second and third with 31,668 and 28,821 zombie properties respectively on the list.
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WASHINGTON, March 28- Employment improved and housing prices rose in most major U.S. metropolitan areas in the final quarter of 2012, but output sputtered, according to a report released on Thursday by the Brookings Institution. Six of those areas were in Texas: Austin, Dallas, El Paso, Houston, McAllen and San Antonio.
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CARSON CITY, Nev.-- A Nevada Senate committee Tuesday unanimously approved a proposed constitutional amendment to repeal tax protections for the mining industry following a hearing peppered by testy exchanges between mining representatives and a Republican lawmaker pushing for higher mining taxes.
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NEW YORK, March 26- By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. Definitely we're seeing more evidence of a rebirth of the housing market, "index co-creater and Yale economics professor Robert Shiller told Reuters Insider."
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NEW YORK, March 26- By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. "Definitely we're seeing more evidence of a rebirth of the housing market," index co-creater and Yale economics professor Robert Shiller told Reuters Insider. "
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March 26- Revel, a centerpiece of New Jersey Governor Chris Christie's effort to revitalize Atlantic City, said it hopes to complete a pre-packaged restructuring within 60 days after the casino, open less than a year, filed for bankruptcy protection.