Clark County workers represented by the Service Employees International Union — pretty much the entire non-management payroll outside of public safety — are the most recent bargaining group to make contract “concessions” in the midst of the struggling economy.
More than once during last year’s campaign, Barack Obama got his dander up over the notion that he was a typical big-spending Democrat who would jack up taxes.
Pessimists look at Southern Nevada’s economy and see double-digit unemployment, declining visitor volume and gaming revenue, the highest foreclosure rate in the nation, and casino companies struggling to pay debt on multi billion-dollar Strip projects.
Los Angeles-based Colony Capital, which owns the Las Vegas Hilton and 75.9 percent of Station Casinos, could be bringing some much-needed cash to the troubled $8.7 billion CityCenter development, news reports say.
Casino technology company Cantor Gaming acquired a Nevada holding company last year that included several gambling-related businesses.
The bankruptcy filing late Tuesday by one of the biggest private homebuilders in Southern Nevada underscores the ongoing struggles the recession-wracked housing industry is causing area developers.
The owner of six Las Vegas-area car dealerships is consolidating operations due to slow sales.
