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Business

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

Strip casino ditching resort fees this summer

A casino-hotel on the Las Vegas Strip is doubling down on being a bargain destination this summer, announcing the elimination of all resort fees just weeks after scrapping parking fees.

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Strip resorts too pricey, exec says

Financially strapped casino operators may be asking too steep a price for Strip resorts that are potentially on the market, according to a high- ranking executive with Penn National Gaming, the company most often linked to possible purchases.

Wet ‘n Wild land sale off; observer sees deals as difficult

Another deal to sell a prime gaming-entitled parcel in the resort corridor collapsed this week and such sales are likely to continue being tough to close for some time, a top local real estate firm said Friday.

Investors warm to idea of new partner for CityCenter

A day after reports that Los Angeles-based Colony Capital might be the financial savior of the $8.7 billion CityCenter development, the project’s partners remained relatively quiet.

A little darkness, a little less juice

Officials at the Las Vegas Valley’s local electric utility credit Earth Hour for a noticeable drop in power use Saturday night.

IN BRIEF

NEW YORK

Post-bankruptcy financing harder to secure in crisis

Businesses with good credit say they are having trouble getting loans because of the credit crisis. So it’s not surprising that companies operating with the protection of bankruptcy court are being left high and dry, too.

Riviera parent, bank talk debt

Riviera Holdings Corp. let another deadline slip by Thursday without making a $4 million loan payment but said it is still in talks with Wachovia Bank about restructuring its debts outside of bankruptcy court.

Silver linings amid the gloom

May “you live in interesting times.” Many assume this saying is an ancient Chinese curse, or blessing, depending on how you look at it.

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