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BUSINESS -- Tuesday, February 25, 2003

Daily Photo

Guests check in Monday at the MGM Grand. Photo by Clint Karlsen.
Post-race room rates plummet

Las Vegas room rates are down sharply for the week following this weekend's NASCAR races, but are rising again toward the end of the month, survey data show.


Lack of niche products may hurt LV apartment market

As real estate plays a bigger role in the portfolio of small investors, Las Vegas could lose millions of dollars to other economies, an apartment specialist said.


BUSINESS DIGEST
Survey: Salaries of financial professionals in Southern Nevada flat
Many top salaries for Southern Nevada accounting professionals are little changed from a year ago, and experts expect the flatness to continue, a new survey suggests.

Closed shops named in filing
The owners of several local convenience stores filed for Chapter 11 bankruptcy protection after they amassed unsecured personal debts of more than $12 million.

Group debates quality issues
Las Vegas home builders and trade contractors are trying to educate their work force and improve their product with a quality assurance program certified through the National Association of Home Builders.

Lack of niche products may hurt LV apartment market
As real estate plays a bigger role in the portfolio of small investors, Las Vegas could lose millions of dollars to other economies, an apartment specialist said.

Post-race room rates plummet
Las Vegas room rates are down sharply for the week following this weekend's NASCAR races, but are rising again toward the end of the month, survey data show.

Inside Business
Slot makers sign development deal Mikohn Gaming Corp., a Las Vegas slot maker, entered a joint development agreement with Bally Gaming and Systems, a unit of Las Vegas slot maker Alliance Gaming Corp.

In Brief
BRADFORD, Pa. Zippo aims to zap impostor products Zippo Manufacturing Co., which has been making its popular lighters for more than 70 years, wants to stop copies of its simple design.

Bill sought for salon disclosure
CARSON CITY -- A Senate committee agreed Monday to seek a bill requiring some public disclosure about activity in the private gaming salons operated by Nevada casinos for top-end patrons.

State ranks third in cost of gasoline
Escalating crude oil prices, the relative isolation of Nevada and an assortment of taxes have combined to give Nevada the dubious distinction of having the third-highest average gasoline prices in the country, according to AAA Nevada.

GAMBLING: Betting addiction measure debated
CARSON CITY -- Nevada gambling addicts could get treatment instead of jail time for nonviolent crimes, under a bill discussed briefly Monday by the Senate Finance Committee.

Wynn seeks exemption for utility
Steve Wynn, developer of Le Reve, wants the state Legislature to exempt from state regulation the water utility that serves the project and nearby residents.



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