Latest Business News

Hotel legend, Three Square Food Bank founder Hilton dies

Eric Michael Hilton

Eric Michael Hilton, vice chairman emeritus of Hilton Hotels Corp. and founder of Three Square Food Bank, died this morning at his home in Las Vegas, according to his nephew Anders Hansen. He was 83. ...

How Sheldon Adelson lost $3 billion in 30 minutes

Las Vegas Sands CEO Sheldon Adelson and his wife, Miriam, wait for the presidential debate between Hillary Clinton and Donald Trump at Hofstra University in Hempstead, N.Y., Monday, Sept. 26, 2016.

Las Vegas Sands Corp. owner Sheldon Adelson got a crash course Thursday on the fragility of owning a publicly traded company based on Macau's volatile gambling market. Adelson lost more than $3 billion in less than ...

Cosmopolitan the latest Strip hotel to charge for parking

An exterior view of the Cosmopolitan Las Vegas, center, on the Las Vegas Strip Monday, Feb. 15, 2016.

The hip resort sits at the corner of Harmon Avenue and Las Vegas Boulevard and is surrounded by properties owned by MGM Resorts International and Caesars Entertainment all of which are, or soon will be, charging for parking (although Caesars won’t charge locals for self-parking). The Cosmopolitan announced today it plans to start charging for parking in early 2017. The valet fees will be similar to ...

MGM insists new resort outside D.C. won't pry business from Las Vegas

The MGM National Harbor logo is seen on a roulette table in the casino during a tour of the MGM National Harbor, Friday, Dec. 2, 2016 in Oxon Hill, Md. The $1.4 billion resort near the nation's capital opened Thursday, Dec. 8, 2016.

Las Vegas-based MGM Resorts International’s first casino-resort in Maryland opened to the public on Thursday night as thousands of eager guests and local residents passed ...

Nevada regulators mull new wagering account rules

A gambler plays a Wheel of Fortune slot machine during Lucky Dragon's grand opening celebration, Saturday, Dec. 3, 2016.

Allowing bettors to have one wagering account for all forms of wagering in Nevada — sports betting, online poker and slots — was the focus of a Nevada Gaming Control Board workshop on Thursday. ...

Influential former Las Vegas casino owner Mike Ensign dies at 79

Mike Ensign, a retired casino owner and executive whose influence and holdings grew along with Las Vegas Strip in the 1980s, and whose stepson resigned ...

On city tour, mayor hopes to sell real estate agents on North Las Vegas

Sell, sell, sell. Whether it’s Mayor John Lee pushing the virtues of North Las Vegas or the assembled audience of real estate professionals Wednesday morning at City Hall, that’s the ultimate goal ...

High off the hog: NLV housing development planned for former pig farm

Pigs root about their pens at R.C.Farms, Inc., on Wednesday, August 13, 2014.

A 150-acre housing development called Sedona Ranch will be built on the site of R.C. Farms, the departing North Las Vegas pig farm ...

Home resale price gains heat up amid typically slow season

A real estate sales report from January suggests that the housing market in Las Vegas will maintain a steady course this year on Tuesday, February 9, 2016.

Christmas came early for the local real-estate community with news that housing resale prices edged upward in November, defying the usual trend for ...

Downtown's California completes redesign for ‘modern island vibe’

The California's newly renovated casino floor features new carpet, molding and light fixtures.

An ambitious renovation of the California Hotel and Casino in downtown Las Vegas has been completed, giving new flair to its Hawaiian motif. In the hotel’s west tower, 435 guest rooms and 56 suites are being updated with new furniture, carpet and fixtures ...

Video: MGM gives sneak peek inside the new Park Theater

An exterior view of Park Theater at the Monte Carlo Tuesday, Dec. 6, 2016.

MGM Resorts International unveiled its newest entertainment venue today, the 5,200-seat Park Theater, which is attached to the Monte Carlo and sits across from T-Mobile Arena. Construction began on the $90 million theater in November 2015. Today, it is nearly complete, and MGM employees are stocking the bars and preparing for the grand opening on Dec. 17, when Stevie Nicks will ...

Caesars unit's bank lenders threaten to end bankruptcy deal

One of the many sculptured angels about the exterior of Caesars Palace on Wednesday, August 5, 2015.

The bank lenders of Caesars Entertainment Corp's (CZR.O) operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion bankruptcy, potentially ...

Tesla receives $8 million in tax credit for Gigafactory

Construction workers are seen in the through uncompleted D section of new Tesla Motors Inc., Gigafactory, Tuesday, July 26, 2016, in Sparks, Nev. It's Tesla Motors biggest bet yet: a massive, $5 billion factory in the Nevada desert that could almost double the world's production of lithium-ion batteries by 2018. (AP Photo/Rich Pedroncelli)

While it was widely reported that Tesla received $1.3 billion in incentives from the state of Nevada to build its factory east of Reno, the automaker has only received ...

Gaming regulators to discuss new wagering accounts

Chairman A.G. Burnett, center, asks a question during a Nevada Gaming Control Board meeting at the Grant Sawyer State Building Wednesday, March 1, 2016. With Burnett are board members Terry Johnson, left, and Shawn Reid.

Nevada regulators will discuss allowing the use of wagering accounts for more forms of casino gambling at a special workshop Thursday. ...

MGM National Harbor, new Maryland 'landmark,' gambling on region's casino appetite

A wall sculpture by Margaret Boozer that uses soil taken directly from MGM National Harbor's construction site, is seen behind the hotel lobby desk, during a preview tour of the MGM National Harbor, Friday, Dec. 2, 2016 in Oxon Hill, Md. The $1.4 billion National Harbor casino and resort, just outside the nation's capital, is scheduled to open Dec. 8.

The $1.4 billion property promises to lure gamblers and others from near and far, further flooding state coffers with gaming revenue, and bringing even more tourists to one of the nation's top tourism regions ...