LFC Group of Companies, the industry trailblazer in online real estate auctions, is spearheading a 30-day end of year closeout sale of homes in the Las Vegas area on its residential real estate auction website FRE.com(R) In the midst of a sluggish market, LFC is changing the way real estate is bought and sold with its [...] [...more]
The City of Las Vegas is looking at some lean times. Monday, city leaders are talking about expected budget shortfalls. News 3’s Collette Wieland has uncovered that the city must find ways to save millions of dollars. Looking ahead to the year 2010, Las Vegas is facing up to a $30 million budget shortfall and up to [...] [...more]
At IceBar Orlando, patrons don’t need to order drinks on the rocks. “You have a vodka in the rocks,” said co-owner Patz Turner. Make a reservation, pay $35, don an insulated cape and gloves and you can have a vodka drink in a 27-degree room. There, the couches, chairs, walls, glasses, bar and even the fireplace are [...] [...more]
Harrah’s Entertainment confirmed it is preparing another round of layoffs and hourly reductions at its Las Vegas properties. Company officials late Thursday declined to say how many workers will be let go. They said the company will work closely with all employees who will be affected. “The country is experiencing a historically difficult economic period,” said Jan Jones, [...] [...more]
Southern Nevada is home to some of the most spectacular views in the state. From the famed Las Vegas Strip to the stunning mountain ranges, Pacific Southwest Development has developed a new home collection that allows residents to enjoy the lights of Las Vegas all the time. “The Bluffs is a semi-custom luxury home collection that [...] [...more]
Unemployment in Nevada will jump to an average monthly rate of 8.6 percent next year and remain at that rate in 2010, state economists told the Employment Security Council on Thursday. “This is sobering news,” Employment Security Division Administrator Cindy Jones said after economists on her staff made the prediction. The forecast came on the same day [...] [...more]
The Department of Veterans Affairs has awarded a $365 million construction contract to build a new veterans hospital and medical center in North Las Vegas. It’s the largest construction contract ever granted by the VA. The long-planned facility located at the Northern 215 Beltway and Pecos will include a 790,000-square-foot hospital, medical treatment clinics, and [...] [...more]
If you’re heading to Las Vegas, you’ll have to work harder to find deals than in years past. During any given week, one deal can be better than another. But some factors will be in your favor. Hotels are going to have to be very aggressive in the coming months for three reasons: Major airlines are cutting [...] [...more]
Shares of Las Vegas Sands Corp. slid to a 52-week low Friday as an analyst slashed its price target, saying Sheldon Adelson’s recent capital investment doesn’t erase ongoing concerns about funding and the Las Vegas and Macau markets. On Wednesday Adelson, the self-made billionaire who is the chief executive and principal shareholder of Las Vegas Sands, [...] [...more]
In Las Vegas these days, even billionaires are getting their credit checked. On Sept. 30 Las Vegas Sands (LVS) founder Sheldon Adelson announced that he would ante up $475 million from his personal fortune to buy preferred stock in the company, which will pay 6.5% interest over five years. Adelson’s notes will convert at $49.65 [...] [...more]
