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Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to the Las Vegas Review-Journal.

THE LATEST Business NEWS
Bankrupt in Nevada? Many are

Bankruptcy filings in Nevada were up 58.6 percent in 2009 as businesses and individuals struggled with foreclosures, unemployment and other financial troubles.

HUD delivers a dud

Nevada’s congressional delegation demanded answers Thursday after the Las Vegas Valley did not receive a penny of nearly $2 billion in federal stimulus money aimed at helping areas most affected by the nation’s housing crisis.

Harrah’s takes over Planet Hollywood’s hotel operations

Harrah’s Entertainment will take over management of the Planet Hollywood Resort’s hotel operations at midnight Saturday while the gaming giant continues to work on buying the property. … Harrah’s will replace Sheraton Operating Corp., a subsidiary of Starwood Hotel & Resorts Worldwide, which signed a 20-year management contract for the hotel in 2004. … Harrah’s will operate the 2,496-room hotel tower as well and take over some of the property’s food and beverage operations. The management agreement does not include the newly opened 1,201-room PH Tower, which is owned by Westgate.

Bank of America to release homes

Bank of America expects to release about 6,000 foreclosed properties into the Nevada housing market in 2010, or about 500 a month, an executive with the bank said Wednesday.

IN BRIEF

Nevada continues to add to Four Diamond winners

Foreclosure rate hits record high in 2009

MIAMI — A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.

UNLV developing curriculum for fall prevention

The University of Nevada, Las Vegas is developing curriculum to teach fall prevention and safety to construction workers through a grant from the federal Occupational Safety and Health Administration.

Poker for the Average Joe

Five years ago, Fargo, N.D., residents Todd Anderson and Greg Lang were lamenting the state of televised poker.

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