President Barack Obama came to Las Vegas bearing gifts, including a $2.9 million grant for Nevada Solar One, the third-largest concentrated solar power plant in the world and an international star of “green energy,” a U.S. administration official has told the Las Vegas Review-Journal.
Harrah’s Entertainment sees its acquisition of the Planet Hollywood Resort as a “key opportunity” to increase the company’s casino revenues once the gaming giant takes over the property as early as noon today.
The Las Vegas Convention and Visitors Authority, which markets Las Vegas as a destination for leisure and business travelers alike, has rejected bids from both the Democrat and Republican parties to hold their 2012 national conventions here, and it’s unlikely the city could handle either convention in the foreseeable future, authority officials said Thursday.
CityCenter’s much-anticipated opening in December gave MGM Mirage an end-of-the-year lift, but the $8.5 billion Strip development is still a work in progress. MGM Mirage said Thursday the company narrowed a fourth-quarter net loss from a year ago thanks to cost-cutting efforts.
