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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
Give banks some credit: They reach out to kids

After taking $500 billion in government bailout money, paying million-dollar bonuses to chief executives and running borrowers through a corporate maze to qualify for loan modifications, the banking industry could use an image makeover.

IN BRIEF

WASHINGTON

Lack of talk in Stations’ bankruptcy case puzzles judge

U.S. Bankruptcy Judge Gregg Zive on Friday questioned why none of the parties in Station Casinos’ bankruptcy case have met with state casino regulators yet to discuss any of the crucial issues involved in the case.

Icahn purchases chunk of Trump Entertainment debt

DES MOINES, Iowa — Billionaire investor Carl Icahn, who is working on buying debt in bankrupt Las Vegas casinos, said Friday he has agreed to buy a majority of the first-lien bank debt of Trump Entertainment Resorts Holdings, which owns three resorts in Atlantic City.

Money getting scarcer in state

The number of bankruptcy filings in Nevada continued to grow in October as more individuals and businesses sought relief from creditors because of the economic downturn.

Statewide gaming win continues decline

Visitor numbers in Las Vegas increased for the second straight month, but that wasn’t reflected in the revenues produced by casinos on the Strip and statewide. Nevada fell to its lowest single-month gaming revenue total in almost six years. Gaming revenues were $800.3 million, an 11.6 percent decline compared with $904.9 million reported in the same month a year ago.

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