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TOP STORIES -- Thursday, April 12, 2001

Executive tries luck at luxury

Former Caesars boss Henry Gluck said he doesn't miss the high life of the Las Vegas gambling industry because he's still allowed to express his creativity as co-chairman of Santa Barbara, Calif-based Transcontinental Properties Inc.

Gluck was on hand Wednesday during a multimedia presentation on MonteLago Village, the planned centerpiece of a $5 billion luxury resort his company is developing in partnership with Vancouver, British Columbia-based Intrawest Corp. at Lake Las Vegas.
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POWER CRUNCH: Deadline set for deciding energy issue

CARSON CITY -- State regulators on Wednesday gave legislators 60 days to decide whether to stop the $1.7 million sale of power plants owned by Nevada Power Co. of Las Vegas and Sierra Pacific Power Co. of Reno.

The Public Utilities Commission voted to stop accepting applications for new power plants sales for 60 days. That will give the Legislature time to act on bills that would stop the planned sale of all but two of its power plants before energy companies can force the issue and obtain PUC approval.
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BUSINESS DIGEST

Lobbying arm for Indian gaming interests swears in new chairman

WASHINGTON -- Ernie Stevens Jr., a 41-year-old member of the Oneida Nation of Wisconsin, was sworn in Wednesday for a two-year term as the chairman of the National Indian Gaming Association.

TRIBAL GAMING: Compacts ruled illegal

ALBANY, N.Y. -- A state judge ruled Wednesday that compacts allowing Indian casinos in New York are illegal because they were negotiated without legislative approval.

E-commerce company's chief unloads stock at a loss

purchasepro.com Chief Executive Officer Charles "Junior" Johnson recently sold nearly 1.

Executive tries luck at luxury

Former Caesars boss Henry Gluck said he doesn't miss the high life of the Las Vegas gambling industry because he's still allowed to express his creativity as co-chairman of Santa Barbara, Calif-based Transcontinental Properties Inc.

Business Briefs

LV visitor volume down in February The number of visitors who came to Las Vegas in February dropped 3.

Inside Business

Alliance unit joins Microsoft venture Alliance Gaming Corp. on Wednesday said software titan Microsoft Corp.

Bankrupt Heilig-Meyers announces plans to sell assets, close stores by summer

RICHMOND, Va. -- Heilig-Meyers Co., the furniture store that survived the Great Depression, said Wednesday it will close the company's remaining 375 namesake stores, affecting as many as 3,750 jobs, and focus on its RoomStores.

Nevada still nation's worst toxic polluter, EPA says

WASHINGTON -- Hard-rock mining operations kept Nevada at the top of the list of the nation's worst toxic polluting states, a report released Wednesday by the Environmental Protection Agency shows.

POWER CRUNCH: Deadline set for deciding energy issue

CARSON CITY -- State regulators on Wednesday gave legislators 60 days to decide whether to stop the $1.

Official: Rate caps may have unintended results

CARSON CITY -- Nevada representatives on Wednesday told federal regulators that setting price caps on wholesale power prices could be counterproductive.

Issue splits authority, Nevada Power

CARSON CITY -- The Southern Nevada Water Authority and Nevada Power Co. are taking opposite positions on state Senate Bill 211, which would allow cities and local governments to buy power directly from the Colorado River Commission.

Two LV resorts apply surcharge for energy costs

Two Las Vegas resorts have added a surcharge to room rates to meet rising power costs in a city that always leaves the lights on.

Appeals court upholds ruling giving ex-Sands employees expected pay

The 9th U.S. Circuit Court of Appeals Wednesday upheld a District Court ruling that former Sands employees were entitled to collect expected holiday pay and tip income as part of the back pay they were entitled to when the hotel-casino closed in 1996.

Businesspeople say bill would invite lawsuits

Business interests turned out in force Wednesday to oppose a Senate bill that would let Nevada residents see the details of court settlements involving public hazards.

BUSINESS NEWS FROM

Tech

• Venture Capital Fund Raising Falls Again
• Judge Upholds BellSouth-Sprint Ruling
• 'Cyberbegging' Sites Popping Up on Web
• Intel Co-Founder Predicts Industry Growth
• 'Dell Dude' Arrested on Drug Charge
• EU Proposes Agency to Combat Cybercrimes
• Famous Hacker Suffers Web Site Break-Ins

Business

• Dow Closes Up 56, Nasdaq Gains 14
• J&J Buys Scios to Boost Biotech Position
• Venezuela Continues Ban on Dollar Sales
• Reams of Paper Delay Fastow Case
• Energy Costs Soar With Cold, Iraq Threat
• YUM! Reports Solid Increase in 4Q Sales
• ImClone Shares Up on Cancer Drug Forecast

Daily Photo

Grading has begun on about 50 acres that will be the site of MonteLago Village at Lake Las Vegas Resort. The village is being developed by Transcontinental Properties Inc. and Intrawest Corp.
Photo by K.M. Cannon.

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