Nevada gaming regulators propose open dialogue
LAS VEGAS (AP) - State gaming regulators have sent a letter to casino licensees proposing a series of seminars to discuss regulatory issues that could lead to disciplinary action if they aren't addressed.
State Gaming Control Board member Randall Sayre wrote the letter dated Tuesday, which was posted on the board's Web site. He says it's an invitation to start dialogue between regulators and the industry.
The letter mentions nightclub operations, which have been a recent focus after Planet Hollywood Resort agreed to pay a fine for not properly overseeing operations at a resort nightclub owned and operated by an outside company.
The letter also lists several other areas of concern, including include the way casinos conduct promotions, tournaments and charitable events; race and sports book operations; and advertising.
Officials: Consultants not complying with new law
LAS VEGAS (AP) - State officials say most mortgage modification and foreclosure consultants are not complying with a new Nevada law requiring them to obtain licenses.
The law took effect on July 1, and the state Mortgage Lending Division gave consultants until Aug. 9 to submit completed applications.
The division reported Wednesday that only four mortgage or foreclosure consulting services have applied, and all those applications were returned as incomplete.
The division plans to accept applications on a temporary basis while it prepares permanent regulations. Gov. Jim Gibbons issued emergency regulations for licensing on July 8.
Edie Cartwright, a spokeswoman for the Nevada attorney general's office, says it can take civil or criminal action against consultants who operate without a license.
Debt reduction pushes Ford to $2.3B 2Q profit
DEARBORN, Mich. (AP) - Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, following the worst loss in company history a year earlier. Shares rose 9 percent in afternoon trading.
The net profit ends a string of four straight quarterly losses for the nation's second-largest automaker, which has gained U.S. market share at the expense of crosstown rivals Chrysler Group LLC and General Motors Co.