Latest Business News

Most major casino executives express rosy view of Las Vegas economy, but Wynn disagrees

“If you were to ask me, since we’re making forward-looking statements, what will the second quarter look like in Las Vegas? Weak,” Wynn Resorts CEO Steve Wynn recently told analysts in a conference call.

Wynn’s pessimism came to light April 28, when his company relayed quarterly earnings results that bore some tough news for shareholders. Much of the company’s poor performance traces back to Macau, which has seen 11 straight monthly declines in gaming revenue. Wynn told analysts in a conference call that ...

Gaming group ‘troubled’ by possible government credit card ban at casinos

A recent report that found federal employees improperly used government credit cards at casinos could have unnecessary consequences for the gaming industry ...

Nevada foreclosure rate takes big jump in April

April foreclosure activity in Nevada rose by nearly 40 percent from a year ago, giving it the nation’s second-highest residential foreclosure rate. Real estate analytics company RealtyTrac reported Wednesday night that ...

Sandoval signs bill allowing for skill in slot machines

A man operates a joy stick for a skill-based bonus game on an IGT slot machine during the Global Gaming Expo (G2E) at the Sands Expo Center Tuesday, Oct. 2, 2012.

Gov. Brian Sandoval’s office today announced that he signed legislation paving the way for the state gaming industry to incorporate skill into slot machines. Senate Bill 9 directs Nevada gaming regulators to ...

Teamsters picket outside SLS Las Vegas for valet workers

A union representing valet workers is calling its latest protest against SLS Las Vegas hotel and casino a strike although none of the hotel's workers are on the picket line. Teamsters Local 986 said ...

Nevada’s April jobless rate doesn’t budge despite more jobs

Nevada’s unemployment rate remained at 7.1 percent in April, the fourth straight month with no change. The state Department of Employment, Training and Rehabilitation reported ...

UNLV law professor is a key player in Caesars Entertainment bankruptcy case

Nancy Rapoport

UNLV law professor Nancy Rapoport was recently appointed to lead a committee that reviews bills for legal work as well as other professional fees and expenses tied to ...

Los Angeles is biggest U.S. city to favor $15 minimum wage

Supporters applaud during the minimum wage increase vote as the Los Angeles City Council votes to raise the minimum wage in the city to $15 an hour by 2020, making it the largest city in the nation to do so, in Los Angeles Tuesday, May 19, 2015.

If enacted, Los Angeles would join Seattle and San Francisco as some of the largest cities in the nation with minimum wage laws that require ...

Stratosphere parent reports big profit increase for first quarter

A view of the newly renovated main entryway at the Stratosphere on Thursday, April 5, 2012.

The company that runs the Stratosphere, Arizona Charlie’s and the Aquarius in Laughlin reported its first-quarter earnings on Friday. The company said its net revenue boost stemmed from more slot revenue, better occupancy, higher average daily room rates and ...

Gavel hangs over housing market

Gavel hangs over housing market

The Las Vegas housing market is being hobbled by legal wrangling and disagreements over homeowners association foreclosure proceedings that have resulted in thousands of homes sitting empty and untouchable in legal ...

Guest column: Contracts with gaming companies are a different animal

Gaming laws and policies affect contracts that gaming companies enter into with lenders, buyers, vendors and service providers ...

The Data: May 17-23

All of the information your business needs: Bid opportunities, bankruptcies filed and building permits issued. To add to our data, email us at [email protected]

From strawberries to s’mores, funnel cake business dishes out dessert in Las Vegas

Denette Braud owns Funnel Cake Cafe and has won the Urban Chamber of Commerce 2013 “Micro Business of the Year” and Bite of Las Vegas “Best Bites” awards.

The Funnel Cake Cafe is a mobile business specializing in gourmet funnel cakes, from the traditional strawberry and whip to the not-so-traditional bacon, banana split, peach cobbler, s’mores and more ...

Toys R Us says it will close FAO Schwarz store in July

In this Nov. 21, 2011, file photo, shoppers stand outside FAO Schwarz in New York. Toys R Us is closing its iconic FAO Schwarz store, citing high and rising costs of running the retail space on New York City's pricey Fifth Avenue, the company said Friday, May 15, 2015.

Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue ...

Blue Bell closing Las Vegas distribution center, laying off 1,450 companywide

In this April 10, 2015, photo, Blue Bell ice cream is for sale on a grocery store shelf in Lawrence, Kan. Blue Bell Creameries will lay off more than one-third of its work force after listeria illnesses linked to its ice cream that prompted a nationwide recall, the Texas company announced Friday, May 15, 2015.

Blue Bell Creameries says it will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted ...