1/30 to 2/6/12 – Recent Las Vegas News

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

Jan. 30, 2012 The Southern Nevada Health District announced today that three guests at the Luxor had contracted Legionnaires’ disease since last spring, including one who recently died.

                     The Nevada Department of Taxation reported that sales of tangible goods jumped 9.6%, to $3.39 billion year over year in November, a critical shopping month that kicks off holiday spending and includes the big Black Friday post-Thanksgiving retail sales day. In Clark County, sales rose 8.6%, to $2.47 billion

Jan. 31, 2012 The MGM Grand’s Lion Habitat closed today.

                     Although the Standard & Poor’s/Case-Shiller home-price index showed that home prices fell in Las Vegas for the 3rd straight month, the Las Vegas-based Home Builders Research reported the median existing-home price of $114,000 in November was up from $110,000 in October and the Greater Las Vegas Association of Realtors reported median home prices increasing from $121,000 in October to $125,000 in November. Who knows?

Feb. 01, 2012 Jaguars gentlemen’s club, which reopened under its original name last July after subsequent failures as SCORES and Rick’s Cabaret, has closed once more.

                            Bally Technologies Inc., the Las Vegas-based gambling equipment & service provider, posted net income of $24.2 million, or 54 cents per share, compared with $27.3 million (49 cents per share) for the same period last year.

Feb. 02, 2012 In a filing with the Securities and Exchange Commission, Caesars Entertainment announced that it would list in excess of 1.8 million shares of common stock on the Nasdaq Global Select Market under the symbol CZR, with an initial asking price of between $8 and $10 a share. No timeframe has yet been given for the IPO.

                            Following the announcement of this year’s World Series of Poker dates, comes word that the tournament will add almost 100 extra tables and an additional three bracelets that will bring the total number of bracelet events to 61.

Feb. 03, 2012 It’s been reported that a developer plans to turn a vacant lot on W. Sahara Avenue into a 10-story Asian-oriented resort-casino called the Lucky Dragon.

                     CoreLogic, a Santa Ana, Calif.-based mortgage data provider, estimates that 61% of Las Vegas mortgages are upside down, exceeding the market value of the home. With 422,000 mortgages in Las Vegas, that’s roughly 257,000 homeowners at risk of default

Feb. 04, 2012 Nevada GOP Caucus Day in Las Vegas – With 70% of precincts reporting, the vote was 48% Mitt Romney, 23% Newt Gingrich, 19% Ron Paul and 11% Rick Santorum.

                     It’s been reported that the Las Vegas Monorail will try again to exit bankruptcy with a new Chapter 11 reorganization plan that rearranges key numbers and further slashes payments to bondholders already on track to lose more than 90 percent of their investments.

                      Studio 54, the iconic New York import, that’s been a fixture on the Strip for 14 years closed tonight.

Feb. 05, 2012 Super Bowl Sunday – The legal sports books in Nevada were looking to handle in the range of $90 million in bets on the Super Bowl.

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This entry was posted on Monday February 6, 2012 at 4:30 AM and is filed under Las Vegas News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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