Archive for August, 2010

Cana Kitchen and Bar Brings Latin Flavour to the Strip

Friday, August 20th, 2010

Las Vegas is a hotbed for international cuisine and celebrity chefs and the hottest new thing on the scene is Cana Latin Kitchen and Bar. Featuring traditional South American fare with a twist, Cana will certainly be bringing something brand new to Las Vegas’ culinary community.

The menu features small shared plates, a reflection of South American and Spanish cuisine. In countries like Spain, one of the most popular culinary forms is tapas, large plates of food that requires diners to share. In South American, bocadillos operate on the same concept – and Cana Kitchen brings it to Las Vegas’ doorstep with its innovative and exotic menu.

Latin America is also home to some of the sweetest spirits in the world. With rum and other alcoholic drinks that are fermented from sugar and sugar cane, their alcohol is likely to give you a sugar rush in addition to a good buzz. Cana provides these spirits, in addition to the most popular beers and wines from South America.

Cana is open from 5pm to 2am daily. Located next to the Blue Martini, it is right in the middle of the action – so be sure to check it today.

Las Vegas Sands Pays Off $1 Billion Debt

Wednesday, August 18th, 2010

Last week, Las Vegas Sands announced its amendment to a credit facility. Today, the company has stated that it will be paying off its outstanding debt of $1 billion which will happen later this week.

The company experienced a great deal of difficulty as the recession saw far less people spending money at casinos. Las Vegas Sands owns a vast majority of the gaming property in the city, so it was no wonder that the casino would be hard hit by the global financial crisis.

As the economy began to recover, the company took a huge risk by launching its Macau casinos. While seemingly irresponsible, the decision actually helped the company turn a profit for the first time in months. Rather than losing 34 cents per share as it had in 2009, its shares had only decrease by a penny this time around – thanks to the profitable business opportunities that the new venture provided.

After the $1 billion is paid off, Las Vegas Sands will receive the London Interbank Offered Rate, which is the cost that banks charge each other for short term loans. This is certainly a step in the right direction for the Las Vegas Sands, and it will be great to see the company continue to prosper for years to come.

Las Vegas In Need of Problem Gambling Resources

Monday, August 16th, 2010

Las Vegas’ Problem Gambling Centre has seen a rough year. With an increasing number of problem gamblers, the centre’s employees are finding it hard to keep up with the demand – especially after losing 30% of its funding due to budget cuts and a decrease in donations.

Recently, the centre has seen an increase in senior clients, as they are among the most vulnerable people to fall into a gambling addiction. This year, 43% of all people to walk into the office looking for help were over 51 years of age.

“We continue to hear from them that their retirement savings are gone and that Social Security isn’t enough to get them by,” says Krista Creel, the centre’s executive director.

The centre’s budget is about $400 000 each year, which is provided mostly by donations from casinos. Slot machine manufactures and casino operators donate a portion of their earnings to the centre – but because they are among the hardest hit companies by the recession, the problem gambling centre must also suffer.

Additional problems will arise next year when the centre loses its funding commitment from the state of Nevada. Then, it must face an appeal to state lawmakers, a prospect that does not looking promising for the Problem Gambling Centre.