Las Vegas

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Giant Vegas Project May File for Bankruptcy

Kerkorian-Dubai megaconstruction will miss debt payment

(Newser) - City Center, the sprawling $8.6 billion Las Vegas development and the largest private construction project in history, will likely fail to make a $220 million debt payment today and may file for bankruptcy. The project is a collaboration between Kirk Kerkorian's MGM Mirage and Dubai World, a conglomerate owed...

Arson Catches Fire as Car Insurance Fraud Climbs

(Newser) - Car owners sideswiped by the economy have spurred a nationwide wave of arson and abandonment—last-ditch attempts to collect on insurance, the Wall Street Journal reports. Auto arson claims rose 6% nationally in 2008; in some particularly speculative states, the rate jumped as much as 18%. “Lots of desperate...

Sir Paul's Vegas Gig Sold Out in 7 Seconds

Must be some kind of record

(Newser) - A spring gig at a Las Vegas casino featuring Sir Paul McCartney sold out in a blink-of-an-eye seven seconds, reports the Telegraph. The former Beatle will rock the rafters for 4,000 fans next month at the opening of the New Joint at the Hardrock Hotel and Casino. The hurricane...

Sexy Image Hurts Vegas as Companies Back Off

Sin City bad match for chastened America

(Newser) - Las Vegas has spent years feasting on its naughty image, but Sin City is going hungry in hard times, BusinessWeek reports. Home prices are at half their 2006 peaks, and unemployment has hit a lofty 9.1%. Vegas is reminding businesses that it’s still an attractive convention destination, but...

Most Foreclosures Come From a Few Counties
Most Foreclosures Come From a Few Counties
ANALYSIS
Mar 6, 2009 12:05 PM CST

Most Foreclosures Come From a Few Counties

Crisis affects former boom areas the most

(Newser) - The majority of US home foreclosures last year happened in just 35 counties, USA Today reports. Though the effects of the mortgage crisis have been felt nationwide, foreclosures have been from the start clustered in formerly booming areas in Florida, California, Nevada, Arizona, and around Washington DC. The 35 most-affected...

Jackson in Talks for Live Shows

King of Pop planning a pop revival to stem financial troubles

(Newser) - Michael Jackson is staging a concert comeback, the New York Daily News reports. The pop star is in talks to headline up to 30 live shows in London or Las Vegas this year. “It will be the greatest comeback in the history of pop,” one source says. The...

Brad, Boys Do Vegas
 Brad, Boys Do Vegas 
Feb 19, 2009 1:03 PM CST

Brad, Boys Do Vegas

Brangelina reunite at Oscars, where they'll face Jennifer Aniston

(Newser) - Seems there's no time like the present to kick off those father-son Las Vegas getaways. Brad Pitt was spotted with Maddox, 7, and Pax, 5, at the ritzy MGM Mansion, where the boys had Nintendo Wiis delivered to their rooms, Us Magazine reports. In New York, Angelina Jolie took her...

Under Pressure, Wells Fargo Cancels Vegas Junket

(Newser) - Wells Fargo, which received $25 billion in TARP funds, has canceled a swanky corporate retreat in Las Vegas after criticism began to mount, the AP reports. The bank had booked 12 nights at two pricey hotels to recognize top employees. Wells Fargo initially defended the retreat when news of it...

Super Bowl Inspires Super Wacky Wagers

How much do you want to bet Bruce sings Born to Run ?

(Newser) - Propositions, or "prop bets," can add some spice to a Super Bowl blowout even as they leave oddsmakers shaking their heads. "They're a pain in the ass," a Las Vegas bookmaker tells ESPN the Magazine. "But it keeps non-fans interested for the entire game."...

Brothels to Nevada: Tax Us, Please

Brothel owners see taxes as insurance to keep them legal

(Newser) - Nevada's brothel owners are offering to fork over tax money to the state to help cover its debts—but legislators are reluctant to increase the state's involvement in the $50-million-a-year sex business, reports the New York Times. Nevada's 25 legal brothels pay hefty taxes to their home counties, but are...

Recession Takes Bite Out of CES Buzz

Attendance down at Las Vegas electronics expo

(Newser) - Whether or not the gadgets make a splash, this year’s Consumer Electronics Show in Vegas is certainly a low-voltage affair, Reuters reports. The sputtering economy has slashed turnout at the expo, which in years past hosted “so many people it’s hard to walk around.” And tech...

Cool Tech at CES, But It's Useless
 Cool Tech at CES, 
 But It's Useless 
OPINION
Jan 8, 2009 2:39 PM CST

Cool Tech at CES, But It's Useless

3-D TVs, wristwatch cellphone are among the excellent gadgets

(Newser) - The 2009 Consumer Electronics Show is full of “incredible technology,” Larry Magid writes for CNET. Problem is, it’s all “in search of a practical purpose,” making this year the “year of the gimmick.” Magid runs down a few wowee gadgets of dubious usefulness....

What Downturn? Vegas Gets New $2.3B Resort

Mogul riding high while rivals, Vegas struggle

(Newser) - Recession has dimmed the glittering lights of Las Vegas, but it hasn’t stopped hotel and casino mogul Steve Wynn, AFP reports. Wynn is preparing to open the lavish $2.3 billion resort Encore on Monday as Sin City weathers its worst economic meltdown in decades. “I don't owe...

Oops! Broken Arm Not Part of Trick

Copperfield assistant injured in 'freak accident' with fan blowing smoke for illusion

(Newser) - David Copperfield fans may feel disillusioned after one of the magician’s tricks went horribly wrong onstage in Las Vegas this week, breaking an assistant’s arm. The employee got his limb stuck in a fan during a routine stunt in which Copperfield “disappears” while passing through the whirling...

Rare Snow Blankets Vegas Strip
Rare Snow Blankets
Vegas Strip
Dec 18, 2008 4:13 AM CST

Rare Snow Blankets Vegas Strip

Schoolkids get first snow day in 30 years as traffic snarls

(Newser) - The heaviest snowfall in nearly 30 years has left the Vegas Strip looking like a winter wonderland, the Las Vegas Sun reports. Local schoolkids are getting their first snow day since 1979. Traffic is snarled across the city as the weather stuns snow-novice drivers, and strands hundreds of tourists in...

Vegas Is US Suicide Capital
 Vegas Is US Suicide Capital 
Dec 11, 2008 3:54 PM CST

Vegas Is US Suicide Capital

Residents about 50% more likely to die by own hand; visiting increases risk for out-of-staters

(Newser) - Being in Las Vegas is quite a gamble: The risk of committing suicide for Sin City residents is twice as high as in the rest of the US, a recent study finds—with its 40 million annual visitors at even greater risk. But Harvard sociologists noted that those odds for...

OJ to Be Sentenced Today
OJ to Be Sentenced Today
Dec 5, 2008 3:29 AM CST

OJ to Be Sentenced Today

Prosecutors pushing for 18 years on felony robbery raps

(Newser) - Clark County inmate #2648927—better known as OJ Simpson—is to be sentenced today and probation authorities have recommended he serve at least 18 years, the Las Vegas Sun reports. Simpson was found guilty in October of 11 felonies for ripping off two sports memorabilia dealers in a Las Vegas...

Phelps' Gal Pal Meets Mom
 Phelps' Gal Pal Meets Mom 
Nov 28, 2008 6:30 AM CST

Phelps' Gal Pal Meets Mom

Girlfriend spends Thanksgiving with fam

(Newser) - Olympic champion Michael Phelps brought his latest prize home: his girlfriend spent Thanksgiving with the family in Baltimore, People reports. The pair met in Vegas, where Phelps is practicing for the World Series of Poker and his gal pal works as a cocktail waitress. The Olympic sensation says the card...

MGM Mirage Chief Quits Amid Fake MBA Flap

Lanni denies sudden resignation related to degree fib

(Newser) - The CEO of MGM Mirage has announced his resignation, but denied it had anything to do with lying about having an MBA, reports the Wall Street Journal. J. Terence Lanni, one of the most powerful figures in the gambling world, has long claimed to have an MBA from the University...

In Slump, Vegas Pushes Escapism

Marketing gamble by casinos is coming back to haunt them

(Newser) - Las Vegas has enthusiastically promoted itself to travelers interested in pastimes other than gambling in recent years, but now that economic woes are tightening leisure budgets, Sin City is taking a hit, reports Advertising Age. With visitor volume and gaming revenue down, casinos are scrambling to respond. One has a...

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