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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
IN BRIEF

Isle of Capri will take over management of Greektown

Indicators slumping as gaming struggles

Double-digit declines in gross gaming revenue and taxable sales dragged the Southern Nevada Index of Leading Economic Indicators down to 125.54 in December, the Center for Business and Economic Research reported Tuesday.

Allegiant Traffic Rises

Discount airline Allegiant Air continued to buck industry trends last year by recording an increase in passenger traffic numbers despite more available capacity, the airline announced Tuesday.

Wynn, Sands ratings raised on Macau holdings

Wall Street analysts upgraded the prospects of two Las Vegas-based casino operators based on the companies’ holdings in Macau.

IN BRIEF

Decision may be close on new operator for Aqueduct

Manufacturing report bolsters hopes for recovery

WASHINGTON — An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation’s factories will help sustain an economic recovery.

Credit Suisse facing lawsuit

A Henderson resident is suing Credit Suisse on behalf of homeowners at Lake Las Vegas and three other resorts, claiming the Swiss bank gave investors predatory loans in an attempt to take over the resorts.

Sour economy forces local Hyundai lot to close down

Chris Cadot goes from being sales agent of the month at United Hyundai in Las Vegas to looking for a new job to start the new year. Luckily for him, he transferred to United Nissan.

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