Jan. 2 to 8 – Recent Las Vegas News

Monday January 9, 2012 by admin.

Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Jan. 02, 2012 New Year New Name - the name of the Las Vegas Hilton officially changed to the LVH-Las Vegas Hotel & Casino.

Jan. 03, 2012 For those thinking of starting a business in Las Vegas, the business license application process in Las Vegas has been consolidated into one building and streamlined from 30 days down to a little more than a week, said a city official at the new Las Vegas Development Services Center at 333 N. Rancho Drive.

                     A growing number of Nevada companies say they expect to hire in the first three months of 2012.

                     The total gross gaming revenue in Macau ($33.5 billion in 2011) will be approximately 5.5 times the gross gaming revenue generated on the Las Vegas Strip and the rate of growth in Macau will be roughly 10 times the rate on the Vegas Strip according to Grant Govertsen, the principal for the Macau based Union Gaming Group.

Jan. 04, 2012 Housing analyst Dennis Smith of Home Builders Research reported that new-home construction in Las Vegas is down about 85 from where it was five years ago. Through November, local home builders had pulled 3,348 permits, compared with 23,200 in 2006.

                     Sam Nazarian apparently plans to reopen the Sahara as a luxurious boutique hotel "sooner than later" and will be rebranded as SLS Vegas, part of his SBE empire.

Jan. 05, 2012 It was reported that traffic deaths in Nevada fell to 243 in 2011, the lowest number of people killed on state roads since 1986 when the state population was one-third of what it is today.

                     It was also reported that J.W. Marriott in Summerlin and Loews Lake Las Vegas have both defaulted on their debts. The future of these hotels is not know at this time.

Jan. 06, 2012 After 2 years of speculation and rumor, Van Halen has announced dates for an extensive U.S. tour that includes a stop at the MGM Grand Garden Arena on May 27. The band lineup will be the same one it featured during its 2007/2008 tour, with frontman David Lee Roth, guitarist Eddie Van Halen, drummer Alex Van Halen, and bassist Wolfgang Van Halen.

Jan. 07, 2012 A recent report by state gaming regulators compiled statistics from 256 casinos statewide that grossed $1 million or more in gaming revenue in fiscal 2011. Nevada’s highest-grossing casinos generated a combined net loss of $3.99 billion on total revenues of $22 billion which 16.4% net loss increase over fiscal 2011.

                     Bally Technologies Chief Executive Officer Richard Haddrill has been elected to a two-year term as chairman of the American Gaming Association.

Jan. 08, 2012 Had he lived, Elvis Presley, the King of Rock n Roll, would be turning 77 today and Pete Vallee, who performs as "Big Elvis" at Bill’s Gamblin’ Hall & Saloon and who was recently named among the top ten Elvis impersonators of all time by Time Magazine, hosted a birthday bash during all three shows in the afternoon with flowers for the ladies, giveaways, and appearances by special guests.

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