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China slowdown hits the Vegas Strip

We know that China's slowdown has hurt Wall Street. But it's also causing problems in that other famous center of American speculation.
Source: CNBC.com | By: Alex Rosenberg
Nevada casino win down 1 percent; July revenue a mixed bag

CARSON CITY, Nev.- Baccarat revenues in Nevada casinos continue to disappoint, but better showings among slot machines are helping reduce the hit in state gambling revenues. The Nevada Gaming Control Board reported Friday that Nevada casinos kept nearly $923 million of what was gambled in July, a figure that's 1 percent down from the same month last year.
Source: The Associated Press
Build a winning clientele by being choosy

Turning away sales is hard for business owners, but longtime entrepreneurs say that being selective is crucial in building a successful business.
Source: The New York Times | By: Caitlin Kelly
No quick ruling in Caesars bondholder case, possible trial looms

NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...
Source: Reuters
With eye on future foreign flights, Vegas airport to grow

LAS VEGAS- Las Vegas plans to double the number of international gates at McCarran International Airport with the expectation that foreign travel to the destination will climb as officials seek out prized direct flights, particularly with Asia. McCarran International Airport director Rosemary Vassiliadis said Thursday that construction to convert...
Source: The Associated Press
Airfare deals pop up as airlines wage limited fare wars

Don't expect widespread sales or cheap flights home for Thanksgiving. Fliers have been able to fly Chicago to Boston for $80 roundtrip, San Francisco to Las Vegas for $67 roundtrip and New York to Los Angeles, with a connection, for $150 roundtrip. "This is the big break consumers have been waiting for in response to lower fuel prices," says Seth Kaplan, managing...
Source: The Associated Press | By: By SCOTT MAYEROWITZ, AP Airlines Writer
Are stocks on sale?  

We're having a fifty-percent off sale on some stocks, says former Wells Fargo CEO Dick Kovacevich, talking about buying opportunities in the markets.
Source: CNBC.com
Back from death's door, Resorts casino is now profitable

ATLANTIC CITY, N.J.- As recently as five years ago, Resorts Casino Hotel was near death, struggling to survive against bigger, newer Atlantic City casinos. In December 2009, Resorts' then-owners Colony Capital were within hours of handing over the keys to lenders and walking away from the casino. Months later, veteran casino executive Dennis Gomes and New York real...
Source: The Associated Press | By: By WAYNE PARRY, Associated Press
Macau gets a 'D' for diversification

Macau's attempts to diversify away from gambling have yet to yield much success, raising concerns whether the city can become a broader tourist venue.
Source: CNBC.com | By: Nyshka Chandran
UPDATE 3-Obama aims to boost homeowner renewable energy use

LAS VEGAS, Aug 24- President Barack Obama on Monday expanded his push for greater renewable energy adoption, announcing fresh financial incentives for solar power development and use. The steps include an additional $1 billion in loan guarantees for new research projects and near-term savings for homeowners using renewable energy. The moves are part of...
Source: Reuters | By: Julia Edwards