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Before the Metropolitan Police Department blocks off Las Vegas Boulevard and revelers take over the Strip and Fremont Street, party organizers are putting the finishing touches on their New Year’s Eve fetes.
After two years of modest reinvestment and upgrades of Strip properties, a group of gaming industry analysts and brokers thinks more than $1.5 billion will be invested by companies and investors in the Las Vegas gaming real estate market over the next two years.
Faced with a sharp drop in business, McCarran International Airport will slash the rents for the limousine and shuttle bus companies that pick up fare-paying passengers.
This December, high-end retailers on the Strip are celebrating the end of 2012 with hopes of huge sales.
The threat of a weekend taxi strike was averted Friday when Las Vegas’ second largest cab company and its drivers’ union agreed to extend the current contract until Jan. 31.