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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
Echelon shutdown getting rave reviews

Boyd Gaming Corp. continues to receive accolades from Wall Street for putting the brakes on its $4.8 billion Echelon project. The company hopes to resume construction on the Strip development sometime next year.

COMING IN THIS WEEK’S BUSINESS PRESS

MODEL AIRPLANES: Allegiant Travel Co. is defying the odds: The Las Vegas-based airline is making a profit despite a bad economy and rising fuel costs, something almost all other airlines aren’t able to do.

M Marks The Spot

Golden Nugget sees jump in earnings

General Growth faces financial shortfall

Credit woes that disrupted General Growth Properties’ participation in Boyd Gaming’s $4.8 billion Echelon resort represent just a small portion of the financial challenges facing the mall company that owns some of the priciest real estate on the Strip.

Caesars addition still on track

Harrah’s Entertainment is moving ahead with a $1 billion expansion at Caesars Palace, company officials said Friday, despite reporting a net loss in the second quarter and even as competitors slow or halt construction of several Strip projects.

Union rep in favor of drug tests

Building contractors should be given authority to conduct random drug and alcohol tests of construction workers, either through legislation or through negotiations with unions, a spokesman for a construction trades group said a day after three union members were fired for entering the CityCenter job site after drinking at nearby bars.

HACKERS FIND NEW WAYS INSIDE

Want to break into the computer network in an ultrasecure building? Ship a hacked iPhone there to a nonexistent employee and hope the device sits in the mailroom, scanning for nearby wireless connections.

Questions abound despite Lake Las Vegas ruling

Bankruptcy Judge Linda Riegle concluded the first chapter of the Lake Las Vegas bankruptcy saga, but readers may find some of the next few chapters even more interesting.

Professor blasts climate panel recommendations

An environmentalist committed to the reduction of global warming has lambasted Gov. Jim Gibbon’s Climate Change Advisory Committee recommendations. Yet, it remains unclear what Gibbons’ position is or will be on the committee’s recommendations.

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