Our network

Gaming News

More Nevadans Turning to Food Stamps

LAS VEGAS - The economy is taking its toll on many Americans. A record number of people are now seeking food stamp assistance. The need is also growing in Nevada. According to the national non-profit Food Research and Action Center, Nevada is seeing a huge jump in the number of people applying for food stamps.

Yvette Reid is one of those people. Out of work for nearly two years, Reid gets about $200 a month in food stamps. With a 16-year-old son at home, she says the extra money is the only way she's able to put food on the table. "When you are used to living one way and now you have to live another, you have to save and scrounge," she said. "Food stamps are just such a help. If it wasn't for that, I don't know how my family would eat."

More Details Surface in 14-Year-Old's Murder

LAS VEGAS -- A fight in a car may have led to the death of a teenage girl whose body was found near a day care center on Sunday.

Murder suspect Juan Rivera told police about the events surrounding the girl's death after he was arrested for murder, robbery and sexual assault. In a police report, Rivera told police he gave Diana Sotos a ride to a friend's house, and while they were waiting for the friend, he and Soto had a argument.

The police report also reveals that Rivera is the boyfriend of Soto's older sister and all of them were living in the same home.

Rivera told police that Soto scratched him and he he strangled her and dumped her body on East Owens. Rivera denies sexually assaulting the girl.

More Homeowners Falling Delinquent on Mortgages

LAS VEGAS -- The number of Southern Nevada homeowners delinquent on their mortgage payments has climbed steadily for the past several months. In some cases, it's people just willing to walk away from their homes, and in other cases, homeowners are holding out hope that they will get a loan modification.

In any given neighborhood, chances are good that a homeowner is the process of walking away from their mortgage. In the past, five months was typically the longest a homeowner could stay in their home until the bank would come knocking. But that is no longer the case.

Nick Nolf with The Nolf Group has been in the real estate business through the boom, the bust, and now the slow turn-around.

Nevada's Unemployment Rate Rises to 13.2 Percent

CARSON CITY, Nev. --  Nevada's statewide unemployment rate rose to 13.2 percent in February, while the jobless rate in the Las Vegas area climbed another notch toward 14 percent.

The state Department of Employment, Training and Rehabilitation said Friday the unemployment rate in Clark County increased from 13.8 to 13.9 percent.

There was no change in the 13.4 percent jobless rate in the Reno-Sparks area. In Carson City, the rate fell slightly from 13.8 percent to 13.7 percent.

The report says 189,000 workers were out of work in Nevada. But a top state economist says employers added 10,400 jobs in February, representing the first increase since October. Nevada's statewide unemployment rate in January was 13 percent, the second highest in the nation.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

Station Casinos Breakup Proposed

LAS VEGAS -- It's one of the largest corporate bankruptcies in Nevada history. Station Casinos announced Thursday its plan to save some of its properties while potentially selling off more than a dozen others.

Station Casinos is keeping the Red Rock resort, as well as Palace, Boulder and Sunset Stations. But there are 14 other Las Vegas casinos that may soon be up for auction.

"Certainly Boyd Gaming has made it very public they're interested in some of these assets. I think there could be other players out in the market. Companies like Penn National or somebody else that has an interest in the Las Vegas locals market," said Brian Gordon, Applied Analysis.

Read a statement issued by Boyd Gaming Thursday afternoon

Station Casinos to Reorganize Under Chapter 11

Station Casinos and its subsidiaries have announced that they have filed a Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code.

As part of the plan, the mortgage lenders that are holding debt secured by Red Rock Casino Resort Spa, Palace Station, Boulder Station, and Sunset Station will become the equity owners of a newly-formed company and will sell 46% of the equity to Frank Fertitta III and Lorenzo Fertitta, who will make a significant new investment to purchase their equity in the new company. 

The remaining equity will be owned primarily by the Propco Lenders and Colony Capital, who will also be making a new investment in the company.  Fertitta Gaming, will also manage the Propco Properties under a long-term management agreement. 

More than $19 Million in Unclaimed Tax Refunds

LAS VEGAS -- The IRS has more than $19 million in unclaimed refunds for Nevada taxpayers and the deadline to claim the money is nearing.

According to the IRS, the refunds are for people who did not file a tax return for 2006. The owed money equates to a median refund of about $575 for 19,000 taxpayers.

"There is about $19 million for about 19,400 Nevadans. The window of opportunity to claim this money is about to expire and they really need to act," said Jesse Weller, IRS.

To collect the money, a 2006 tax return must be filed by April 15, 2010.

"Why should I just let it go to the IRS?" said Steven Hansen a taxpayer who made the mistake of doing that once before. He's learned his lesson, and today it's a much different story.

"That could've been money for anything medical bills, even my rent."