By Lee Spears, Bloomberg Caesars Entertainment Corp., the U.S. casino chain with more than $22 billion in debt, jumped 71 percent in its trading debut after completing an initial public offering a fraction of the size of its failed 2010 effort. The stock rose to $15.39 as of 4pm New York time Wednesday, valuing Caesars […]
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By Bill O’Driscoll, Reno Gazette-Journal Gaming revenues in Washoe County jumped 10.2 percent in December from a year earlier, marking just the fourth monthly rise for all of 2011, the state reported today. Within the county, casinos in Reno saw an 11.8 percent boost over December 2010 while properties in Sparks saw a 7.7 percent […]
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By Jim Sanders and Phillip Reese, Sacramento Bee With California billions behind on its budget and public services shrinking, the Assembly collectively tightened its belt last year – but not all of its members did. Records released under court order show that Assembly Speaker John A. Pérez boosted the budgets of six members by tens […]
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By Kathryn Reed Artists’ renderings of what Tahoe could look like are on easels. Talk is about not having a cookie cutter approach to planning. What might be allowed in one area won’t necessarily be permitted in another. Incentives to rid sensitive land of development and instead concentrate redevelopment in central locations are goals. For […]
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By Rick Daysog, Sacramento Bee Federal prosecutors have filed criminal charges against a Placerville aircraft broker in a novel case involving the alleged sale of six planes to Mexican drug traffickers. Joe Stancil, former owner of a Placerville Toyota dealership, and his company Stancil Enterprises Inc. were charged last week with helping buyers from Sinaloa, […]
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By Erin Kelly, Gannett WASHINGTON — At the White House Science Fair on Tuesday, President Barack Obama joked that 17-year-old Taylor Wilson of Reno must have one of the most radioactive garages in the nation. Taylor, a senior at the prestigious Davidson Academy of Reno, has been studying nuclear science since he was 10 years […]
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By Sean Whaley, Nevada News Bureau RENO – Gov. Brian Sandoval used UNR on Tuesday as a backdrop to unveil his economic development plan, and he challenged the business community and all partners to work to create 50,000 new jobs by the end of 2014. The 63-page report, “Moving Nevada Forward: A Plan for Excellence […]
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By Kathryn Reed It would cost South Lake Tahoe close to an additional $2 million a year for the next 20 years to fully fund its retiree health care plan. That’s because as of Sept. 30, 2011, that account had an unfunded liability of $44.9 million. The city currently pays its share plus $400,000 a […]
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By Dan Tirabasso In a 4-0 decision Tuesday, the South Lake Tahoe City Council decided to give residents another opportunity to vote on a tax revision aimed at increasing revenue for the city. (Councilwoman Angela Swanson was absent.) The June 5 ballot measure would increase the tax on the city’s largest companies by increasing the […]
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Washoe Meadows Community, which filed a lawsuit in November against the State Parks Commission and Department of State Parks for environmental studies inadequacies and statutory violations related to the unprecedented reclassification of a state park, has submitted a request for mediation. This was done after the state filed its CEQA notice of decision following the […]
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