Las Vegas Business News

Deal revived for Frank Sinatra's old Tahoe casino

The Cal Neva Lodge is seen in this photo from July, 1997.

When it comes to splashy real estate deals, Silicon Valley icon Larry Ellison usually gets what he wants. Frank Sinatra's old Lake Tahoe casino, the Cal Neva, is no exception. After threatening to back out because of delays, Ellison is ready to move forward with his $35.8 million purchase of the bankrupt ...

13 December 2017
By Dale Kasler, The Sacramento Bee (TNS)

Quakes and fires? It's the cost of living that Californians can't stomach

Russel Lee, who has been living out of an RV since he lost his home in the Tubbs Fire, in Santa Rosa, Calif., Dec. 12, 2017. For many Californians, natural disasters are a moment to take stock and rethink the dream of living there, but in the end, it almost always comes down to cost.

For more than three decades, California has seen a net outflow of residents to other states, as less expensive southern cities like Las Vegas, Phoenix, Houston and Raleigh, North Carolina, supplant those of the Golden State as beacons of opportunity ...

13 December 2017
By Conor Dougherty, New York Times News Service

‘The Block’ urban core to be centerpiece for Henderson’s new western gateway

A rendering of Sauvage Real Estate’s 103-acre plan calls for retail, residential and hotel space near Henderson Executive Airport.

The plan features an urban core with retail shops topped by residential space. “We have been holding onto this site for several years. We think it’s the best development parcel of this size left in the valley, and the best opportunity to create new lifestyle options for a changing Henderson and all of Las Vegas.”

13 December 2017
By Mick Akers

Detroit casinos see potential in sports betting

Crews work on the landscaping outside the MGM Grand Detroit casino in Detroit on Monday, Oct. 1, 2007.

The busiest part of Las Vegas casinos on Sunday afternoon aren’t the slots, craps, roulette or blackjack. It is the sportsbook, where people ...

13 December 2017
The Detroit News

World Series of Poker to have 78 events in 2018

Poker players, knocked out of the main event, gather by a WSOP sign during day 2c of the World Series of Poker Main Event at the Rio Wednesday, July 12, 2017.

The 2018 edition of the World Series of Poker in Las Vegas will feature 78 events. Owner Caesars Interactive Entertainment on Tuesday announced the premier tournament will ...

12 December 2017
Associated Press

Design contract OK’d for expansion of Las Vegas Convention Center

The Las Vegas Convention and Visitors Authority board of directors signed off today on a contract for the firm designing a 1.4 million-square-foot expansion of ...

12 December 2017
By Thomas Moore

Why migration has stalled in American cities with the most opportunity

A carpenter works on a new home at a residential construction site in the west side of the valley April 5, 2013. Las Vegas is a lower-wage metro area that can attract people not by its economic prowess but by its supply of lower-cost housing.

The places that are booming in size are not the economic boomtowns — the regions with the greatest prosperity and highest productivity. In theory, we would expect those metros, like the Bay Area, Boston and New York, to be rapidly expanding, as people move from ...

12 December 2017
By Emily Badger, New York Times News Service

Burnett leaving Nevada Gaming Control Board

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.

Burnett said he will be work with gaming issues in his new position but can’t appear before the control board or Gaming Commission for a year because of state lobbyist laws ...

11 December 2017
By Thomas Moore

How the Faraday Future project, even in failure, was a catalyst for North Las Vegas

A commercial development is shown near Interstate-15 and Tropical Parkway in North Las Vegas Tuesday, Dec. 5, 2017.

The prospect of a Faraday Future plant in North Las Vegas may be a thing of the past, but officials say the groundwork laid by that failed project will still pay dividends for a city committed to attracting new business. The electric carmaker once had plans to invest more than $1 billion in a 3.4 million-square-foot manufacturing plant at Apex Industrial Park in North Las Vegas, but it ran into financial troubles and ...

11 December 2017
By April Corbin

The Data: Dec. 10-16

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].

11 December 2017
By VEGAS INC Staff

The List: Commercial real estate developers, Dec. 10, 2017

Find out about commercial real estate developers. This week, we rank them by total square feet developed as of Nov. 15 ...

11 December 2017
By VEGAS INC Staff

Why the North Strip is a neighborhood on the rise

In this Tuesday, May 16, 2017, photo, people walk by the Resorts World site in Las Vegas. Malaysia-based developer Genting Group on Wednesday said the proposed 3,000-room Resorts World Las Vegas will open in 2020 after overhauling its design to have a modern Asian flair and appeal to the younger generation of gamblers.

At the north end of the Strip, a square-mile stretch is turning heads. This part of the resort corridor is being renovated, upgraded and turned into a world-class destination. Some of the city’s most exciting ...

11 December 2017
By Randy Char

Architecture starts with clients’ how and why

Architect Monica Gresser’s business maintains an informal office culture, including a no-shoes policy.

The principal and citizen architect at BrazenArchitecture shares her passion for using her career as a medium for giving back to the community and explains why learning about clients’ work is the first step to successful architecture.

11 December 2017
By Rebecca Clifford-Cruz

Homing in on technology: Why not build housing ‘like everything else'?

Among the homes offered by Boxabl is this Southwest style.

Paolo Tiramani wants to revolutionize housing. His company turns construction on its head by applying economies of scale to the industry in an attempt to modernize the process and create efficiencies.

11 December 2017
By Rebecca Clifford-Cruz

The Notes: Commercial Real Estate, Dec. 10-16, 2017

In the Notes: Paul Dudzinski, Timothy Erickson, Anders Graciano, Soozi Jones Walker, Dan Shaw, Omar Lopez, Leigh Ann Monk, Helene Adams, Jeff Mills and more ...

11 December 2017
By VEGAS INC Staff

In hospitality industry, sexual misconduct often part of job

Sharonda Fields, who said she was abused while working at a Georgia restaurant last year, is photographed at her attorney's office in Atlanta, Monday, Dec. 4, 2017. "I was absolutely humiliated. It was degrading, I felt embarrassed, said Fields.

Court documents and interviews with the women and experts on the topic show hospitality industry workers are routinely subjected to sexual abuse and harassment from bosses, co-workers and customers that are largely unchecked. The nature of the work, which often has employees relying on tips, can …

10 December 2017
By Don Babwin, Associated Press

Challenges abound for 26-year-olds falling off parental insurance cliff

James Rowley sits in front of the counter at Vapology 101, an e-cigarette store in Herndon, Va. Rowley started his own business in 2015 called Virginia Vaping Co., which makes and sells e-cigarette flavorings to stores.

Marguerite Moniot felt frustrated and flummoxed, despite the many hours she spent in front of the computer this year reading consumer reviews of health insurance plans offered on ...

8 December 2017
By Carmen Heredia Rodriguez, Kaiser Health News

IGT adds stimulating dimension to slot machine

Margie Ascone is instructed how to play IGT's new Sphinx 4-D slot machine at the Red Rock Resort, Thursday, Dec. 7, 2017. Members of Station’s players club get one free play during the rollout.

From the very beginning, slot machines — with fast-spinning reels and the sound of coins clattering into metal buckets — were designed to excite the senses and hopefully drive players to bet more. Today, slot makers are hoping new technology will make games even more immersive. One example is IGT’s new 4-D Sphinx slot ...

8 December 2017
By Thomas Moore

Is it a suitcase or a robot? Luggage rolls along with the latest technology

Travelmate Robotics' suitcase automatically trails its owner when paired with a smartphone app.

Looking to take some of the hassle out of traveling, a San Francisco-based startup has developed a high-tech solution to lugging around a suitcase. ...

8 December 2017
By Mick Akers

Internet betting firms settle suits over NYX Gaming acquisition

Three gambling companies have agreed to end their legal battle over the proposed acquisition of NYX Gaming by Scientific Games. The Las Vegas-based firms hope to join forces and become a leader in ...

7 December 2017
By Wayne Parry, Associated Press
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