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BUSINESS -- Thursday, March 25, 2004

Daily Photo

Nevada Power Co. employee Marv Einerwold works at the Iron Mountain Substation on Decatur Boulevard. Photo by Gary Thompson.
UTILITIES: Long talks, but same plan

Despite hours of discussions, state regulators ended the day with few surprises for Nevada Power customers on Wednesday, agreeing to new rates that will see residential bills go up next month, then come back down in January.


Sands, Brits see fit for casinos

The Venetian's parent company on Wednesday announced it intends to partner with the owners of two British soccer clubs to build the Las Vegas-based company's first casino projects in Great Britain.


BUSINESS DIGEST
Casinos' new owners take tech-savvy step
Travelscape founders Tim Poster and Tom Breitling, the new owners of the Golden Nugget who built their reputations in the high-tech business, are again banking their fortunes on technology.

More states consider turning to gambling
Local fiscal concerns are touching off another war between the states for gaming revenues, just when it seemed as if the economic recovery might lead the industry into a period of consolidation rather than more proliferation.

Analyst critical of spending plan
Sierra Pacific Resources management may be forced to issue additional shares of stock at low prices to finance its capital spending program, causing financial damage to shareholders, a critic said.

Sands, Brits see fit for casinos
The Venetian's parent company on Wednesday announced it intends to partner with the owners of two British soccer clubs to build the Las Vegas-based company's first casino projects in Great Britain.

Inside Business
Gibson Library center opens The Henderson District Public Libraries opened a new business center at its Gibson Library, 280 Water St.

Investors take gamble on casino stocks
NEW YORK -- Investors decided to take a chance on casino stocks Wednesday, as analysts pointed out positive trends in Las Vegas and raised earnings estimates on some names in the group.

Government seeks delay for passport policy change
WASHINGTON -- The Bush administration is seeking to delay a looming deadline for friendly nations to issue high-tech passports to citizens traveling to the United States.

Interior official says tribes paying too much to states
WASHINGTON -- An Interior Department official who oversees Indian gaming said Wednesday there should be caps set on the increasing rates of net revenue paid by gambling tribes to states.

UTILITIES: Long talks, but same plan
Despite hours of discussions, state regulators ended the day with few surprises for Nevada Power customers on Wednesday, agreeing to new rates that will see residential bills go up next month, then come back down in January.



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