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Business -- May. 20, 2005

Daily Photo

Construction was rolling February at the Vegas Grand condominium site, but some buyers have filed a lawsuit against the developer. REVIEW-JOURNAL FILE PHOTO

Buyers sue Vegas Grand developer
A class action lawsuit against the developer of Vegas Grand condominiums was filed Thursday in Clark County District Court, an attorney representing the buyers said.

Station declares proxy victory
Station Casinos announced Thursday it had won its proxy battle with Culinary Local 226 over three corporate governance provisions when an independent election inspector said the union failed to submit any ballots or valid proxies.


BUSINESS DIGEST

Buyers sue Vegas Grand developer
A class action lawsuit against the developer of Vegas Grand condominiums was filed Thursday in Clark County District Court, an attorney representing the buyers said.

Bill would give panel authority over energy pacts
An amendment to a federal energy bill may protect Nevada electricity customers from bearing the burden of a $336 million judgment.

Inside Business
AirTran will start new flights to Las Vegas

Singapore leader rejects Wynn's remarks
SINGAPORE -- Singapore's prime minister rebuffed Las Vegas developer Steve Wynn's claims that his administration was micro-managing the city-state's casino project, saying the government was merely concerned about having a resort it could be proud of, a newspaper reported Thursday.

In Brief
WASHINGTON

Regulators discuss 6A rule changes
Nevada's anti-money laundering casino regulation wasn't wiped off the books Thursday, but state gaming regulators are expected to spend the next several months drafting language that will repeal portions of the law's requirements and turn some of the authority on large casino cash transactions over to the federal government.

Investor aims to stop fund conversion
A dissident investor is trying to rally support to stop Vestin Group from converting three of its funds into publicly traded securities.

Bill proposes minting new presidential, gold coins
WASHINGTON -- Eyeing the success of the quarter coins that celebrate the states, Sen. Harry Reid has proposed a new series of dollar coins that would depict U.S. presidents.

Authority board OKs $187.9 million budget
With no fanfare and very little discussion, the Las Vegas Convention and Visitors Authority board on Thursday approved the largest general fund budget in the organization's 50-year history.

Station declares proxy victory
Station Casinos announced Thursday it had won its proxy battle with Culinary Local 226 over three corporate governance provisions when an independent election inspector said the union failed to submit any ballots or valid proxies.



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