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BUSINESS -- Wednesday, February 12, 2003

Daily Photo

Hotel patrons wander through The Venetian on Tuesday. Photo by Clint Karlsen.

CASINO EARNINGS: Venetian parent has big quarter

The Venetian's parent company, Las Vegas Sands Inc., reported a record profit in the fourth quarter of 2002, marking a full recovery from the Sept. 11 terrorist attacks and its aftermath, company officials said Tuesday.


Ritz-Carlton makes regal arrival

Day by day, Ron Boeddeker's 16-year vision of his 2,300-acre Lake Las Vegas Resort gets a little clearer.


BUSINESS DIGEST
Pay raises OK'd for tourism executives
The Las Vegas Convention and Visitors Authority board approved pay raises for its two highest-ranking officials Tuesday.

Casino carpenters, upholsterers to vote on union
Maintenance carpenters and upholsterers at MGM Mirage will vote Thursday on whether to be represented by the Nevada Carpenters Union.

LV visitor numbers edge up 0.2 percent for year
Don't call it a comeback ... yet. Though Las Vegas' 2002 visitor volume improved 0.2 percent compared with the previous year, Las Vegas Convention and Visitors Authority representatives remain quick to caution the city's tourism industry is still nowhere close to the levels it enjoyed as recently as 2000.

CASINO EARNINGS: Venetian parent has big quarter
The Venetian's parent company, Las Vegas Sands Inc., reported a record profit in the fourth quarter of 2002, marking a full recovery from the Sept.

Inside Business
Publicity group names directors The Las Vegas chapter of the Public Relations Society of America recently named its 2003 board of directors.

Sierra Pacific shares fall on debt refinancing
Shares in Sierra Pacific Resources plunged 17 percent Tuesday in the wake of an announcement that the company was issuing $300 million in debt that can be converted into common stock.

Ritz-Carlton makes regal arrival
Day by day, Ron Boeddeker's 16-year vision of his 2,300-acre Lake Las Vegas Resort gets a little clearer.

Jury begins deliberations in ex-mortgage broker's fraud trial
A four-man, eight-woman jury is scheduled to resume deliberations today in the mail fraud trial of former mortgage broker Harley Harmon.

Riviera parent reports another annual loss, possible Amex delisting
The parent company of the Riviera on Tuesday warned that its stock faces delisting by the American Stock Exchange.



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