Las Vegas Business News

Wells Fargo to pay $110 million to settle fake account suit

A view of the sign at the Wells Fargo bank, 4425 Spring Mountain Road, near Arville Street Thursday January 20, 2011.

Wells Fargo says it will pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission. It's the first private settlement that Wells has reached since the company paid $185 million to ...

Penn National Gaming to buy 2 Mississippi casinos for $44M

Bally's Casino Tunica and Resorts Casino Tunica are changing hands. Penn National Gaming of Wyomissing, Pennsylvania, said Tuesday that it will pay $44 million to buy the two Mississippi gambling halls, which had been handed over to ...

Nevada casino revenue dips 4.48 percent in February

Gamblers play poker slot machine games during Lucky Dragons grand opening celebration, Saturday, Dec. 3, 2016.

February’s gaming numbers for nonrestricted casinos — those with table games and 15 or more slots — from the Nevada Gaming Control Board show a statewide gaming win of $945.6 million, a 4.48 percent drop compared to ...

With move approved, it's time for Las Vegas to welcome Raiders with open arms

Matt Gutierrez carries a Raiders flag by the sign welcoming visitors to Las Vegas, Monday, March 27, 2017. NFL team owners approved the move of the Raiders to Las Vegas in a vote at an NFL football annual meeting in Phoenix.

Just like many other locals I’m not a fan of Raider Nation. But, also like many locals, I sure love Las Vegas. So, when residents wonder if it’s possible to root for their favorite NFL team — the Pittsburgh Steelers here — and the Raiders at the same time, there’s a simple answer ...

Rates rise at weekly US Treasury bill auction

Interest rates on short-term Treasury bills rose in Monday's auction with rates on three-month bills climbing to the highest level in more than eight years ...

Pig-mask suspect arrested in Bellagio store heist

A 20-year-old man is believed to have worn a pig mask during a weekend smash-and-grab burglary at a luxury watch and jewelry store at the Bellagio casino resort on the Las Vegas Strip ...

The List: Commercial Real Estate Brokers, March 27, 2017

Find out about commercial real estate brokers. This week, we rank them by total 2016 lease and sale volume.

Survey: Optimism abounds among state’s small-business owners

Nevada’s small-business owners are increasingly confident about the economy, according to a survey sponsored by Nevada State Bank. ...

The Data: March 27, 2017

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]

Anchors away: Strip malls deal with the uncertainty of the grocery industry

An Albertsons store at Blue Diamond and Buffalo in the Mountains Edge Market Place is taking shape, its where a Vons grocery shell was constructed and stood vacant for years on Friday, March 17, 2017.

Closures, acquisitions, consolidation and specialization have besieged the grocery-store industry in recent years, leaving a profusion of vacant big-box spaces across Southern Nevada. Without the traditional supermarket anchor and associated foot traffic, suburban strip malls have faced serious troubles, leading to declining business and even bankruptcies for neighboring support tenants.

The notes: Commercial Real Estate, March 26, 2017

In the Notes: Accurate Building Maintenance, Dan Stewart, KTGY Architecture + Planning, Toll Brothers, Thad Lawrence, SR Construction, Carol Cline-Ong, Ashraf Hamad, Siegel Group Nevada, Desert Grown Farms, DC Building Group and more ...

Attorney has her hands in city’s sports, arts scenes

Angela Otto, an attorney with Brownstein Hyatt Farber Schreck, poses outside the company's office Tuesday, March 14, 2017.

A commercial real estate attorney with Brownstein Hyatt Farber Schreck talks about being assertive and ambitious professionally, her appreciation for Las Vegas beyond its entertainment scene, and her sense of pride in watching the success of the Smith Center.

CRE firm's message: ‘Approach each transaction based upon logic, not emotion’

Owners of Logic Commercial Real Estate, 3900 S. Hualapai Way, pose on the top of their offices Wednesday, March 8, 2017. In front: Sean Margulis, left, and Jason Otter. Back row from left: Chris Richardson, Brendan Keating, Agus Alamsjah and Adam Malan.

CEO Brendan Keating founded the firm with Sean Margulis, Jason Otter, Chris Richardson, Agus Alamsjah and Adam Malan, and their deep ties to the region have helped them put a stamp on Southern Nevada.

The evolution and rise of the southwest valley

With the emergence of the 215 Beltway making the area more accessible to the resort corridor, McCarran International Airport, Green Valley and Summerlin, the southwest valley continues to be ripe for new development.

Poker tables keep decreasing on Nevada casino floors

A view of the Las Vegas Strip and  Monte Carlo as seen from Rivea at Delano Las Vegas on Feb. 2, 2016.

When the Monte Carlo closes its eight-table poker room in about a month as part of a $450 million overhaul, the Las Vegas Strip will have lost nearly a quarter ...