IN BRIEF

ATLANTIC CITY

New York developer backs off Tropicana

A New York developer whose group had offered $950 million to buy the Tropicana Casino and Resort said they’re no longer interested.

Joseph Palladino told The Press of Atlantic City his group is looking at other casino properties in Atlantic City and Las Vegas, but no longer wants the Tropicana.

He criticized the state trustee overseeing the sale, retired Supreme Court Justice Gary Stein, accusing him of using Palladino’s offer to jack up bids from other would-be buyers. But Stein says Palladino never proved he had the money to buy the casino.

Panel approves two ‘green’ plant projects

The Public Utilities Commission on Wednesday approved development of a geothermal power plant and a power plant operated with recovered heat.

The commission authorized joint development of a 30-megawatt geothermal power project by Nevada Power Co. of Las Vegas and Ormat, a geothermal company with offices in Reno. Geothermal plants use hot underground water or steam to generate electricity. The plant will be 70 miles southeast of Reno on federal land at Carson Lake.

The commission approved a 6-megawatt heat recovery power plant for a site 30 miles south of Las Vegas. The project will use waste heat from the Kern River Gas pipeline compressor station at Goodsprings. Ormat will supply the heat-recovery equipment.

NEW YORK

Crude oil prices rise more than $4 barrel

Oil prices soared over $4 a barrel Wednesday, halting a two-week slide after a surprise drop in U.S. gasoline supplies fed speculation that record fuel prices aren’t keeping Americans off the roads.

Light, sweet crude for September delivery jumped $4.58 to settle at $126.77 a barrel on the New York Mercantile Exchange, after earlier rising as high as $127.39. It was crude’s biggest one-day rally since July 10, when prices ended $5.60 higher.

The Energy Information Administration said in its weekly inventory report that U.S. gasoline supplies fell by 3.5 million barrels last week. Analysts surveyed by energy research firm Platts expected gasoline supplies to increase by 400,000 barrels.

U.S. crude stockpiles fell by 100,000 barrels last week, less than the 1.3 million barrels analysts had predicted.

RIVERSIDE, Calif.

Sheriff wants feds to shut down casino

The Riverside County Sheriff wants federal authorities to shut down the Soboba Casino after clashes on the tribe’s neighboring reservation.

Five tribe members have been shot by deputies in recent months.

Sheriff Stanley Sniff says the tribe has hindered deputies from patrolling the reservation. He said Tuesday he’s asked the National Indian Gaming Commission to suspend the casino’s license.

Soboba Tribal Chairman Robert Salgado counters that it’s illegal for sheriffs’ deputies to patrol sovereign tribal land without a warrant.

NEW YORK

Treasury prices fall after report on jobs

Treasury prices fell slightly on Wednesday after stocks soared and a government report Wednesday indicated the number of private sector jobs increased last month.

The ADP National Employment Report showed a 9,000 increase in July’s private sector employment.

In late trading, the 10-year Treasury note was slightly lower at 98.59 points. Its yield rose to 4.05 percent, up from 4.04 percent Tuesday, according to BGCantor Market Data.

The 30-year long bond fell 0.22 points to 96 points. Its yield rose to 4.65 percent from 4.63 percent Tuesday.

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Boyd Gaming planning new corporate campus
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CES 2019: Create your own beauty products
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CES 2019: Picobrew’s home brew machine
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CES 2019: Surviving CES
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Haier’s smart home
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CES 2019 VIDEO: Foldimate makes laundry day easy
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CES 2019: Opte device corrects skin spots
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Circa hotel-casino in downtown Las Vegas unveiled
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Circa, new casino coming to Fremont Street
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Dreenk My Oeno makes wine suggestions
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Polaroid One Step Plus camera unveiled at CES 2019
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Amazon is everywhere at CES 2019 in Las Vegas
Seemingly everything works with Amazon Alexa
LG Smart Mirror helps you dress snazzy
LG’s Smart Mirror is less of a mirror but more of an assistant to help get you looking snazzy. It takes your image and recommends clothes for you or matches existing clothes with new clothes, which can be purchased right from the mirror. (Mat Luschek/Las Vegas Review-Journal)
Underwater robots make waves at CES 2019 in Las Vegas
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CES 2019 - Victrola record players spin in Las Vegas
A new spin on an old favorite, Victrola record players are meeting a demand for retro products. The brand is also making furnitures with built-in speakers.
CES 2019: Slamtec robots ready to serve
Slamtec is a robotics company out of China whose goal is to provide solutions for laser localization mapping and navigation. They have created two autonomous robots that can be used in areas such as bars, restaurants and malls. (Mat Luschek/Las Vegas Review-Journal)
Mixologiq drink maker appears at CES 2019 in Las Vegas.
This is the Mixologiq drink maker.
CES 2019: Veritable smart garden
Let’s face it; not all of us have green thumbs. And herbs are particularly difficult to grow, considering their constant need for sunshine. Enter the Veritable smart garden from Exky, which does it all for you. (Heidi Knapp Rinella/Las Vegas Review-Journal)
Bonnie Springs Ranch near Las Vegas being sold to developer
Bonnie Springs Ranch near Las Vegas is being sold to a developer, set to close in March. Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. The developer and his project partner are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. The plans includes a 25-room motel, a restaurant and a 5,400-square-foot event barn.
Bone-conduction headphones form Aftershokz
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CES Happy Hour party at Hangover Suite at Caesars Palace
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Autonomous Cars and Futuristic Aircraft Rule CES
Day two of CES was dominated by autonomous cars and futuristic aircraft in the North Hall of the Las Vegas Convention Center.
TekNekSavr fights neck problems caused by smart phones
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New eyeglasses know if you fall and call for help
The French company Abeye has created eye glasses that will detect if the wearer falls and call for help. (Mat Luschek/Las Vegas Review-Journal)
Company that creates vibrator-like device claims genders bias against CES
Lora DiCarlo is a women-run start-up that creates a vibrator-like device designed for female pleasure called the Osé. This year they were awarded the CES Innovation Award in the Robotics and Drone Category, but a month later the Consumer Technology Association, which runs CES, rescinded the award and their booth. Haddock and her team believe it is a reflection of gender bias and sexism in an industry with a long history of male domination.
CES-Wagz has new pet products
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CES 2019: Varram lats you play with your pet remotely
Varram’s pet robot is designed to let you remotely interact with your real pet. (Mat Luschek/Las Vegas Review-Journal)
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