Las Vegas Business News

Player hits $1.7 million jackpot at Wynn Las Vegas

A view of the Encore and Wynn resorts on the Las Vegas Strip, Dec. 26, 2017.

A Wheel of Fortune slots player hit it big at Wynn Las Vegas on Monday. The player, whose name was not released, won just over ...

Digging on first ‘people mover’ tunnel nearly done at Las Vegas Convention Center

The Boring Company prepares to begin tunnel work for the Las Vegas Convention Center's underground people mover project. The machine, which will bore an average of 100 feet a day, was receiving final adjustments before starting to dig on Friday Nov. 15, 2019.

Boring on the first of two “people mover” tunnels being dug as part of the Las Vegas Convention Center’s expansion project is nearly complete. Las Vegas Convention and Visitors Authority officials said digging on the first tunnel, which is nearly a mile long, will likely finish ...

3-term Reno mayor, casino owner, civic booster dies at 81

In this Sept. 17, 2011, file photo Reno Mayor Bob Cashell speaks at a news conference.

Bob Cashell, a three-term former Reno mayor, civic booster and casino owner was remembered Tuesday for his personality and his legacy of development in the ...

Can't touch this: Real slot machines controlled online

This Feb. 10, 2020 photo shows slot machines in a secure room at the Hard Rock casino in Atlantic City N.J. that have been connected to the internet as part of a new product offering. The technology lets people use the internet to gamble on real-life slot machines that are inside the casino.

Slot machines, the bread and butter of the casino industry, long ago lost their nicknames as “one-armed bandits” when manufacturers did away with the lever gamblers had to pull in order to activate the machine, replacing it with buttons ...

Mandalay Bay’s Shark Reef Aquarium getting virtual reality theater

A diver swims with a tiger shark in a new virtual-reality movie experience opening in March at Mandalay Bay's Shark Reef Aquarium.

A new undersea virtual reality experience is set to open next month next to Mandalay Bay’s Shark Reef Aquarium. MGM Resorts International is working with ...

42-1, a line that lives in Las Vegas betting lore

In this Jan. 31, 2020, photo, James "Buster" Douglas, the former world heavyweight champion, sits at the Thompson Community Center in Columbus, Ohio, where he teaches youth boxing. In one of the more spectacular upsets in sports history, Douglas defeated Mike Tyson, the reigning world heavyweight champion on Feb. 11, 1990, in Tokyo.

Before 42-1, there was 27-1. That was the number that popped into oddsmaker Jimmy Vaccaro’s head in early February 1990, though at the time it didn’t seem ...

Station Casinos shows off new suites, renovated rooms at GVR, Red Rock

A view of the dining area and living room in the Presidential Suite at Green Valley Ranch in Henderson Wednesday, Feb. 5, 2020.

An old suite at Green Valley Ranch that hadn’t been rented out for nearly a decade was recently brought back to life, offering sweeping views of the Strip and ...

In bustling Henderson, it’s ‘go time’ for developers

Scott Muelrath, CEO of the Henderson Chamber of Commerce, stands in front of the Las Vegas Raiders practice facility Jan. 23 in Henderson.

As president and CEO of the Henderson Chamber of Commerce, Scott Muelrath is no stranger to construction sites. Wherever he is in Henderson these days, Muelrath typically isn’t far from a building project. This day, he’s at the construction site for the Las Vegas Raiders’ headquarters facility near ...

40 Under 40 Alumni: Brendan Keating

Brendan Keating, CEO of Logic Commercial Real Estate, poses for a photo on Friday, Jan. 17, 2020.

Brendan Keating is a former honoree of VEGAS INC's 40 Under 40 awards. We caught up with him ...

40 Under 40 Alumni: Sam Cherry

Sam Cherry is CEO of Cherry Development.

Sam Cherry is a former honoree of VEGAS INC's 40 Under 40 awards. We caught up with him ...

The Notes: Feb. 10, 2020

In the Notes: Alex Fugazzi, Danielle Holt, PureStar, Terry Reynolds, Lori Olk, Dr. Eugene Libby, Liana Moreno, Corey Fagan and more ...

Betting could be 'X' factor for new pro football league

In this Sept. 5, 2019, photo, a gambler places sports bets at Bally's casino in Atlantic City, N.J. New Jersey gambling regulators have approved wagering on the XFL, becoming the sixth state to approve bets on the revived football league that last operated in 2001. Its season begins Feb. 8, 2020.

The revived league owned by wrestling impresario Vince McMahon will consciously appeal to fans accustomed to betting on professional or college football ...

Realtors group president expects a strong 2020 for Las Vegas market

A sign advertises a home for sale in the northwest valley, Thursday, Jan. 9, 2020.

Existing home prices dipped last month in Southern Nevada but remained above $300,000, according to the latest numbers from the Greater Las Vegas Association of Realtors. The median sale price for a home in January was $305,000, according to a report from the GLVAR’s Multiple Listing Service. That’s down ...

As short-term rental market grows, local enforcement gets thorny

As short-term rental market grows, local enforcement gets thorny

In Las Vegas, short-term rentals—residential properties rented for less than 30 days, typically through Airbnb, Homeaway, VRBO and other websites—are only permitted if ...

Macau casino closures costing Wynn Resorts up to $2.6 million daily

The Wynn Macau is seen Aug. 17, 2011.

Wynn Resorts is losing up to $2.6 million a day due to its luxury casinos in Macau being closed over coronavirus concerns. That’s according to Wynn CEO Matt Maddox, who said ...

Business booms at South Point, but property isn’t standing pat

Steve Stallworth, General Manager of South Point Arena & Equestrian Center, gives a tour of an exhibit hall at South Point, Friday, Jan. 24, 2020.

It was business as usual on this Friday morning at the South Point Arena, Equestrian Center and Exhibit Hall. In the 4,600-seat main arena, Mecum Auctions was doing its thing — putting a different motorcycle up for bid every 80 seconds. There’s a certain energy in the sights and sounds of a live auction in which 1,540 bikes on the block are purchased in rapid order for ...

Nevada casinos trying to block teacher-backed tax increase

A view looking northbound on the Las Vegas Strip from Tropicana Avenue Friday, Jan. 3, 2020.

Nevada's hotel-casino industry wants a judge to halt a petition drive for a ballot initiative backed by the state's biggest teachers union that would raise taxes significantly on ...

Macy's to close 125 stores, but none in Nevada

In this Nov. 29, 2019, file photo, man carries shopping bags across the street from a Macy's store in San Francisco.

Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy's current total. They include about 30 that are ...

$154.7 million bet on Super Bowl at Nevada sportsbooks

The SuperBook at the Westgate in Las Vegas on Saturday, Nov. 16, 2019. Miranda Alam/Special to the Weekly

Gamblers in Nevada wagered $154.7 million on this year's Super Bowl, an increase from last year but still below the high set in 2018. The Nevada Gaming Control Board ...

As Hard Rock Hotel goes dark, Virgin promises bright future

The Hard Rock Hotel closed its doors permanently Monday, Feb. 3, 2020. The property will continue its transformation into Virgin Hotels Las Vegas, which will open in November.

The scene inside the Hard Rock Hotel late Monday afternoon was an unfamiliar sight. Not only were the property’s famous rock ‘n roll memorabilia cases empty, but restaurants were closed, TVs were gone from bar areas and only a few lonely patrons were among ...