Apr 13 2009
Financial Issues Hitting Hard in Las Vegas
Spring break is officially over. The April 15th tax deadline is on the horizon. All good things must come to an end. Financial issues are on my mind. And it seems like financial issues are affecting many members of the Las Vegas community. The top headlines today include:
Nevada bankruptcies skyrocketed in 2008
Bankruptcy petitions increased 71% last year while the national increase was only 31%
Educators protest outside Legislature, seek more funding
Today while lawmakers were voting on several education issues, over 150 teachers and students carried signs reading “Nevada’s children deserve better” and “Teachers are worth every penny.”
Harrah’s needs more debt relief to avoid bankrupty
Harrah’s debt swap offer cut Harrah’s debt by nearly $2.3 billion, but Wachovia said that may not be enough.
MGM Mirage faces Friday deadline for $70 million City Center payment
MGM Mirage and Dubai World, which each own 50 percent of CityCenter need to commit a combined $3 billion to finish the development by December.
And to end on a happier note . . . 
Reno mom hits $33 million Megabucks jackpot
Rachel Romanick had been playing for about 10 minutes at Terrible’s Rail City casino when she hit the jackpot. This is the second largest Megabucks jackpot in history at a Sparks casino.
