Las Vegas Business News

Golden Entertainment’s purchase of four casinos illustrates midmarket consolidation

A view of the Stratosphere on a stormy day in May 2016. The iconic Las Vegas property was recently sold to Golden Entertainment.

A trend toward consolidation on the Las Vegas Strip, with fewer companies owning more casinos, appears to aptly describe the locals market after Monday’s announcement that Golden Entertainment is buying American Casino Entertainment Properties. The sale of American — which owns the Stratosphere, Arizona Charlie’s Decatur, Arizona Charlie’s Boulder and the Aquarius Casino in Laughlin — to Golden is expected to be completed by the end of the year, pending ...

13 June 2017
By Thomas Moore

Casino industry ramps up effort to repeal sports betting ban

Football fans watch games during NFL opening day at the Red Rock Resort's race and sportsbook Sunday, Sept. 13, 2015.

The casino industry's largest lobbying group in the U.S. is ramping up its efforts to repeal a federal law that bans sports betting in most states. Geoff Freeman is the president and ...

12 June 2017
By Regina Garcia Cano, Associated Press

PT’s Pub owner buying Stratosphere, other casinos

The Stratosphere on Las Vegas Boulevard on Sept. 30, 2015.

Golden Entertainment, the company that owns PT’s Pub, a slot route company and casinos in Pahrump and Maryland, announced today it is buying American Casino and ...

12 June 2017
By Thomas Moore

Bitcoin’s value surging, but local acceptance of the currency remains sluggish

Bitcoin’s value surging, but local acceptance of the currency remains sluggish

Outside a 76 station on West Charleston Boulevard on a recent Friday afternoon, John Syntax takes a drag off of a Parliament cigarette and waits … and waits ... for five $100 bills to emerge at the bitcoin ATM, or BTM, inside. He’s been here nearly an hour. A network that supposedly cranked up its processing speed in 2015, when it was seven transactions per second, still operates in the bike lane. Visa, by contrast, zips along at ...

12 June 2017
By Rob Miech, Special to The Sunday

Companies can’t bank on good ideas alone

Innovators need to think of their ideas like a piece of a puzzle that has to be just the right shape, on all sides, to fit into people’s lives.

12 June 2017
By Mayur Ramgir

What travelers can expect in the air this summer

A combination of new airline classes of service and security practices seems poised to compound the confusion around air travel, even as airlines incrementally increase some of the perks common in decades past, such as free meals.

Between flight cancellations last month at Spirit Airlines that led to a brawl in the airport in Fort Lauderdale, Florida, and viral cellphone videos of crew and passenger altercations ...

12 June 2017
By Elaine Glusac, New York Times News Service

The List: Accounting firms, June 11, 2017

Find out about accounting firms. This week, we rank them by professional local staff as of June 1.

12 June 2017
By VEGAS INC Staff

Demand put restaurant owner's dream on the fast track

Susanette Sandoval owns Sofrito Rico Authentic Puerto Rican Cuisine, using the recipes and cooking methods she learned from her grandmother, growing up in Puerto Rico.

Susanette Sandoval wasn’t ready for the success her Puerto Rican restaurant enjoyed when it opened in 2015. She and her husband, Jason, had to learn as they go, but their efforts have paid off.

12 June 2017
By Rebecca Clifford-Cruz

Tennis coach: ‘We are all in the struggle’

James Springer, owner of Tennis Werx, in Henderson, Nev. on May 24, 2017.

The owner of Tennis WerX offers his ideas on how to improve education in Southern Nevada, the ripple effect of drugs in the community and the importance of knowing that no matter your struggle, you are not alone.

12 June 2017
By Rebecca Clifford-Cruz

The Notes: Philanthropy, June 11

In the Notes: Frank L. Stile Foundation, Fremont Street Experience, Roseman University of Health Sciences, Bank of America, America First Credit Union, NV Energy, Neon Museum, Eastside Cannery and more ...

12 June 2017
By VEGAS INC Staff

Take a multifaceted approach to health and wellness

We should take pride in caring for each aspect of our lives to appreciate the whole ‘gem’ of our being.

12 June 2017
By Ben Caine

The Data: June 11-17

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].

12 June 2017
By VEGAS INC Staff

Late-night institution Drai’s After Hours marks 20 sizzling years

Las Vegas nightlife pioneer Victor Drai will celebrate a milestone in two weeks when Drai’s After Hours, which started as a restaurant on the Strip in 1997, turns 20.

Drai’s After Hours is typically open from 1 until 10 a.m. Thursday through Sunday. It stretches over 13,000 square feet, including four lounge-ish rooms usually providing two different musical formats, 55 tables and multiple bars. Owner ...

11 June 2017
By Brock Radke

Realtor group on Legislature: ‘Good session’ for homeowners

Members of the Nevada Senate convene a session in the Senate Chambers in Carson City on Friday June 2, 2017.

Homeowners fared generally well during the 2017 session of the Nevada Legislature, according to the Nevada Association of Realtors.

10 June 2017
By Paul Szydelko

A sneak peek at Hard Rock’s plans for the old Taj Mahal casino

The Trump Taj Mahal resort in Atlantic City is shown Oct. 24, 2014.

Poolside and restaurant gambling, skill-based slots, fantasy sports betting and hidden VIP gambling rooms are among Hard Rock International's initial plans for their remake of the former Trump Taj Mahal casino. A wish list the company submitted to New Jersey gambling regulators was ...

10 June 2017
By Wayne Parry, Associated Press

Maine panel to investigate $4.3M funding for proposed casino

Maine's ethics commission voted Friday to investigate the source of $4.3 million in funding behind a proposed casino in southern Maine, but lawyers for the casino backers refused to accept subpoenas for the investigation. The referendum campaign is led by Lisa Scott, sister of Shawn Scott, who organized ...

9 June 2017
Associated Press

Japan's Universal accuses founder Okada of improper loan

Universal Entertainment Corp., a Japanese maker of slot machines, said on Thursday it was investigating what it suspects was an improper transfer of funds by Kazuo Okada, its founder and ...

9 June 2017
Reuters

So long, Vickie: Iconic Fremont Street sign riding into the sunset

Vegas Vickie, a Fremont Street landmark since 1980, is set to be taken down on June 12, 2017

Another Las Vegas landmark will disappear June 12 when downtown casino owner Derek Stevens dismantles the iconic neon sign Vegas Vickie to make way for a new Fremont Street resort. The kicking neon cowgirl is currently perched above the the closed strip club Girls of Glitter Gulch. It will be dismantled so ...

8 June 2017
By Thomas Moore

JPMorgan Chase opens its first commercial banking office in Las Vegas

In this Monday, Oct. 21, 2013, file photo, the JPMorgan Chase logo is displayed at its headquarters in New York.

JPMorgan Chase is expanding its commercial banking business to Nevada, the company announced Thursday. ...

8 June 2017
By Paul Szydelko

Connecticut House approves new casino, off-track betting, sports betting; MMA approved by Senate

In a major expansion of gambling, the state House of Representatives voted early Wednesday morning for an East Windsor casino, an expansion of off-track betting sites and possible ...

7 June 2017
By Christopher Keating, The Hartford Courant (TNS)
« Older Newer »