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THE LATEST
Vestin suspends dividend payments

In another indication of economic hard times, Vestin Group’s two mortgage loan real estate investment trusts announced Thursday that they are suspending their dividends because of weak financial results.

In Brief

Electric rates to drop $1 a month

Southwest steps up service

The most prominent airline at McCarran International Airport won’t be following other carriers that have made drastic cuts to Las Vegas flights.

Inside Business

EJM launches new Web site for The Arroyo

Economist says region in recession

Throwing his usual cautious optimism to the wind, UNLV economist Keith Schwer boldly declared Wednesday that Southern Nevada’s economy has indeed entered a recession.

Push to block new rules on Web gambling stymied

WASHINGTON — Any chance of Congress rolling back an Internet gambling ban this year died Wednesday when a House committee deadlocked on an amendment to prevent federal agencies from drafting regulations to enforce the ban.

A FLICKER OF HOPE

Slot machines flickered to life Wednesday at the Moulin Rouge, the first racially integrated casino in Las Vegas, which hasn’t operated as a functioning business since 1955.

INSIDE BUSINESS

Beasley names sales manager for KDWN-AM

Local bankers: Fed will need to increase rates soon

The Federal Reserve’s decision to leave rates unchanged is good news for Western banks, but the board will need to raise rates soon, local banking officials said Wednesday.

Nevada contingent helps House reject Michigan tribal casinos

WASHINGTON — The House soundly defeated a plan Wednesday that would have advanced two proposed Indian casinos in Michigan as gambling opponents, Nevada political leaders and others protecting Detroit’s casinos rallied to scuttle the bill.