IN BRIEF

Station granted extension
for Reno casino development

Station Casinos has been granted a five-year extension by the Reno City Council to begin construction on a proposed hotel and casino development named Mount Rose Station.

Station Casinos spokeswoman Lori Nelson said Thursday the company sought the extension because its special use permit allowing the development was scheduled to expire at the end of the year.

"This extension will provide us with the opportunity to evaluate the market and make an appropriate decision in the future," Nelson said.

The council late Wednesday approved giving the Las Vegas-based casino operator until Nov. 15, 2015, to obtain a permit to break ground, and until Nov. 15, 2020, to obtain all of its building permits. Station Casinos purchased the 88 acres off Mount Rose Highway and Interstate 395 in two separate transactions in 2005, she said.

MGM Resorts sees $486 million in net proceeds from bond sale

MGM Resorts International received $486 million in net proceeds from a bond offering which the company will use toward loans that are due next year.

In a statement, the Strip casino operator said it would combine the proceeds from the bond sale with proceeds from the company's $511 million stock sale to retire $1.2 billion in commitments under its senior credit facility, which are scheduled to mature in October 2011.

Payment on the notes the company sold are due in 2016.

Amonix breaks ground for solar project in North Las Vegas

A solar-power systems manufacturer has broken ground on a major production facility in North Las Vegas.

California-based Amonix announced this spring that it would open a factory in Southern Nevada, and on Thursday, dignitaries including Senate Majority Leader Harry Reid, D-Nev.; U.S. Rep. Shelley Berkley, D-Nev.; and Nevada Senate Majority Leader Steven Horsford, D-Las Vegas; joined Amonix executives at the company's 214,000-square-foot plant on North Pecos Road to celebrate the project.

The facility will turn out photovoltaic solar-power systems for installation in Nevada and neighboring states. The first phase is scheduled to come online in the first quarter.

The plant will bring 278 jobs to the Las Vegas Valley, and Amonix officials said they've already begun filling management, technical and production jobs for the operation.

Pinnacle grows revenues, reduces net loss in quarter

Regional casino operator Pinnacle Entertainment grew revenues by almost 15 percent in the third quarter, helping reduce the Las Vegas-based company's net loss.

During the three-month period that ended Sept. 30, Pinnacle had a net loss of $766,000, or 1 cent per share. A year ago, the company reported a third-quarter loss of $21.9 million, or 37 cents a share.

Analysts surveyed by Thomson Reuters expected a loss of 7 cents per share.

Helped by the March opening of a new casino in suburban St. Louis, Pinnacle said overall company revenues were $287.8 million, a 14.9 percent increase compared with $250.6 million a year ago.

"With revenue increases in four of our six markets and improved operating execution across our property portfolio, we are benefiting from our disciplined approach to operational excellence and have a focused team that can drive further improvement," Pinnacle Chief Executive Officer Anthony Sanfilippo said Thursday.

Allegiant flight attendants file petition seeking union vote

Flight attendants at Allegiant Air want to vote on joining the Transport Workers Union of America.

The union said on Thursday that Allegiant flight attendants filed a petition with the National Mediation Board, which governs airline unions. The union says the board is supposed to set an election date within 45 days.

The same union represents flight attendants at Southwest Airlines Co.

Allegiant is a small, discount airline based in Las Vegas that mostly carries vacationers to leisure destinations. It has 420 flight attendants.

Allegiant is nonunion.