musiclover
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Posts by musiclover
Caesars Surges 71% in Trading Debut
Feb 8th
Caesars Entertainment Corp., the U.S. casino chain with more than $22 billion in debt, jumped 71 percent in its trading debut after completing an initial public offering a fraction of the size of its failed 2010 effort.
The stock rose to $15.39 as of 4 p.m. New York time, valuing Caesars at $1.92 billion. The price almost doubled earlier in the day, tripping circuit breakers, while the volume was more than six times the number of shares sold in the offering. Caesars raised $16.3 million selling less than 2 percent of its shares at $9 each.
Man faces NY extradition hearing in Vegas fraud
Feb 6th
Vegas resident picked up at the U.S.-Canadian border on securities fraud charges is being held for extradition from upstate New York.
Mark Jones was indicted in Nevada in 2010 on charges he accepted investments totaling $130,000 on behalf of bogus charities purporting to help Native Americans. The Buffalo News ( http://bit.ly/yzX71c) reported last week that Jones was supposed to go on trial last November but never showed up.
Vegas Sands Leads Gaming Stocks With Strong Q4
Feb 3rd
China’s weeklong Lunar New Year holiday spurred a big month for gambling destination Macau, extending a recent run by gambling-industry stocks. More >
Vegas Sands to Make $800 Million Dividend Payment
Feb 2nd
Vegas Sands Corp. on Wednesday announced its first-ever dividend as growth in Asia, reflected in the casino operator’s strong fourth-quarter earnings, helped turnaround a company that three years ago was close to bankruptcy. The company said it would distribute around $800 million, or $1 per share, over the course of the next year. Chief Executive Sheldon Adelson is likely to receive at least around $343 million of that, according to the latest records of his ownership position.
Vegas Review-Journal Endorses Mitt Romney
Feb 1st
Nevada’s largest newspaper is endorsing former Massachusetts Gov. Mitt Romney ahead of Saturday’s GOP presidential caucus in the state. The Las Vegas Review-Journal, in its Sunday editions, says the race for the Republican presidential nomination is down to Romney and former House Speaker Newt Gingrich.
But the newspaper says Romney best represents the party and has the best chance to defeat President Barack Obama.
Luxor guests in Las Vegas had Legionnaires
Jan 31st
Health officials in Las Vegas said Monday that the bacteria that causes Legionnaires’ disease was found in water samples at the Luxor hotel-casino this month after a guest died of the form of pneumonia. More >
Las Vegas newspaper endorses Romney
Jan 30th
The largest newspaper in Nevada endorsed Mitt Romney’s presidential bid on Sunday, a week from next Saturday’s caucuses in the state. More >
Vegas airport tops 41M passengers in 2011
Jan 27th
Fueled by increased international flights, McCarran International Airport handled almost 41.5 million passengers in 2011, an increase of 1.7 million people compared with 2010, airport administrators said Friday.
Traffic on commercial flights by 16 airlines using the airport’s international terminal increased 13.8 percent compared with 2010, the Clark County Department of Aviation said.
Energy initiatives unveiled by Obama in Las Vegas
Jan 26th
President Barack Obama pushed his “all-of-the-above” energy strategy Thursday, highlighting a record to boost domestic energy production that has come under increasing attack from Republicans. More >
Condoms officially required in porn filmed in Los Angeles
Jan 25th
It’s official. Porn actors must wear condoms if their movies are being filmed in Los Angeles. Mayor Antonio Villaraigosa signed the law on Monday, and it should go into effect in 41 days. More >
