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Las Vegas Sands Closes on $1.75B in Macau Loans

LAS VEGAS  -- Las Vegas Sands Corp. says it has secured $1.75 billion in financing to build its next two phases of development in Macau.

The Las Vegas-based casino company said Thursday the money will be used to build hotels along with casino, convention and retail space in the Cotai area of the Chinese gambling enclave.

Sands chief executive Sheldon Adelson says a total of 6,000 hotel rooms will be built in phases to attract large conventions and trade shows. Adelson says the development's first phase includes 3,700 hotel rooms and will open during the third quarter of 2011.

He says another 2,300 hotel rooms will open in 2012. The owner of the Venetian and Palazzo resorts in Las Vegas already owns three casino-resorts in Macau.

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

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Local Economists Dispute Report on Las Vegas Economy

LAS VEGAS -- Las Vegas continues to be the poster child for the recession. Some experts say things have gotten so bad, that the city will never recover. Local economists disagree with that outlook.

A report in 24/7 Wall Street named 13 cities in the United States that will never recover because of the housing market and unemployment rate. Las Vegas made that list. Ironically, the report comes out at the same time the Las Vegas Chamber of Commerce's new president takes the reigns. He's a man with experience in economic recovery.

The doom and gloom in Las Vegas appears to be slowly lifting. Tourism has increased 1.5 percent this year and Jeremy Aguero with Applied Analysis says homes are selling.

School Supply Costs Stipulated in New Teacher Contract

LAS VEGAS -- The Clark County School Board met Wednesday to pass a final budget. After months of debate and argument, unions and the district appear to be close to an agreement.

A new part of the contract states the district shouldn't be asking teachers to buy their own school supplies. Teachers often spend hundreds, if not thousands of their own money buying supplies for the year.

But it raises the question: Who is going to step up to buy basic classroom supplies?

As Charles Ivy walks around his school supply store, Learning is Fun, he thinks of his customers. Many of them are teachers, spending their own money to buy classroom supplies.

"When a school district relies on that, that's harsh. There needs to be some supplies paid for by the school district, and I think, also the parents," he said.

Las Vegas Holds Number 1 Spot as Trade Show Destination

LAS VEGAS -- Las Vegas continues to hang onto its reign as the number 1 trade show destination by hosting the largest shows in North America for 16 consecutive years.

According to the Las Vegas Convention and Visitors Authority, Las Vegas hosted 45 of the 200  biggest shows, which is twice as much as what any other city hosted.

"Billions of dollars have been invested in the facilities, amenities, and service to make Las Vegas the premier convention destination and that collaborative effort continues to pay dividends," said Rossi Ralenkotter, president/CEO of the LVCVA.

The largest show hosted in Las Vegas in 2009 was the Consumer Electronics Show.

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County Officials Hear Proposals for Sports Arena

LAS VEGAS  -- Thousands of jobs and millions of dollars could come to the Las Vegas valley if an arena becomes a reality. Four proposals for state-of-the-art arenas were brought before Clark County commissioners Tuesday.

While each developer says their arena could attract sports teams or other big events, all of them would require some public money which is an idea county leaders aren't all sold on.

See the Arena Proposals

The projects would be located around Las Vegas Boulevard, with three proposed in unincorporated Clark County and a fourth proposed within Las Vegas city limits. County commissioners were told the undeveloped land has the potential to bring in millions of dollars for the Las Vegas economy.

NHP Goes After Dangerous Drivers

LAS VEGAS -- Summer road trip season is here and that means more people hitting the road. The Nevada Highway Patrol says people traveling on I-15 and all around the valley need to know the dangers of driving near a big rig.

For a the next two days, the Badge on Board enforcement program is targeting drivers behaving badly.

The Nevada Highway Patrol is eyeing aggressive drivers from aboard a 48-foot flatbed semi-truck.

"You gotta keep checking the mirrors, watch traffic ahead of you, even keep track of the traffic behind you," said Bob Barton, commercial safety enforcement.

Once patrolmen in the cab witness a bad driver, a call is made to one of eight  troopers nearby who goes after the violating driver.

"If I'm going ahead or behind it and there's somebody that cuts a semi off, we'll make a stop on them," said Elmer Johnson, commercial enforcement trooper.

Hawaii Man Killed in Las Vegas Crash

LAS VEGAS  -- Authorities say a 41-year-old Hawaii man is dead after crashing a vehicle into a palm tree on a street just off Las Vegas Boulevard.

The Clark County coroner on Friday identified the dead man as Jashua Choy of Honolulu. Las Vegas police say the 2010 Suzuki SX4 veered across the road and rolled onto its side in the crash about 2:40 a.m. Thursday on Warm Springs Road near Windy Street.

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