A crackdown in corruption in China that has hushed the once frenzied Macau casino business took its toll on Wynn Resorts in the fourth quarter.» 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.
The Nevada State Education Association, which has already collected around 60,000 signatures to qualify the initiative, has said it would raise $800 million a year for K-12 education. "The initiative does not prevent the Legislature from supplanting existing education funds with the margin tax," the judge wrote. "
David Strickland, head of the National Highway Traffic Safety Administration, told an automotive gathering that automated vehicles are the next "evolutionary step" in safety technology. He said his agency has held extensive discussions with automakers and Google about what needs to happen before automated cars can be safely introduced to consumers.
RENO, Nev.-- Two federal agencies violated the Endangered Species Act and now must reconsider additional protection for the Lahontan cutthroat trout and other rare fish adversely affected by the 700- mile Ruby pipeline that carries natural gas from Wyoming, through Utah and Nevada into southern Oregon, a federal appeals court ruled Monday.
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.
CLEVELAND-- Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that voters should stick with him in an election focused squarely on the economy.
September was the second month in a row the unemployment rate dropped in Louisiana, after no improvement since January, when joblessness hit a post-recession low of 6.9 percent. Louisiana had a 7.2 percent unemployment rate in September 2011. In September 2011, the state had 148,000 unemployed people.
Mississippi had a 9.1 percent jobless rate in August and a 10.9 percent rate in September 2011, according to Bureau of Labor Statistics figures adjusted to cancel out predictable seasonal fluctuations. That survey found total Mississippi payrolls rose to 1.09 million in September, up 3,200 jobs from August.
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.
Rates dropped in Ohio, Florida, Wisconsin, Colorado, Iowa, Nevada and North Carolina. They were unchanged in New Hampshire and Virginia. With just 18 days until Election Day, polls show GOP challenger Mitt Romney gaining momentum with voters in key states.
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.
TRENTON, N.J.-- New Jersey's unemployment rate ticked down a notch to 9.8 percent in September, even as the state shed 1,200 jobs for the month.
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.
CARSON CITY, Nev.-- The number of Nevadans filing initial claims for jobless benefits fell in September to the lowest level in five years.
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. "