Las Vegas Business News

Inside the turmoil at Faraday Future, the startup that wants to beat Tesla

Faraday Future's concept vehicle FFZERO1 is unveiled at an event before the start of the Consumer Electronics Show on Monday, Jan. 4, 2016, in a parking lot across the street from the Luxor.

Next month, Faraday Future, the secretive electric car startup backed by Chinese billionaire Jia Yueting, is set to debut its first production vehicle at the ...

15 December 2016

BuzzFeed

Wal-Mart program: Stash cash in savings account, win prizes

Wal-Mart has a new program that offers prizes as incentives to get its legion of shoppers to sock away money in saving accounts. The "Prize Savings" program features Wal-Mart's branded reloadable pre-paid debit cards, which are linked to ...

15 December 2016

By Anne D'Innocenzio, Associated Press

Alon management exploring options after loss of backer

A view of the former New Frontier casino site Tuesday, Nov. 3, 2015, on Las Vegas Boulevard South.

The management team of Alon, the 1,100-room resort planned for the nearly 35-acre property on the Strip across from the Wynn, said today work will continue the project despite the loss of a major backer. This morning, Australian company Crown Resorts announced it has suspended work on Alon and may sell outright its investment in the project. In response to that news ...

15 December 2016

By Thomas Moore

Realtors anticipate new Las Vegas headquarters

A rendering of the Greater Las Vegas Association of Realtors' new 40,000-square-foot headquarters is shown.

Realtors in Southern Nevada will have a new space to call home next year. ...

15 December 2016

By Adam Candee

Scarcer Christmas trees mean higher prices for Las Vegans

Tony Santos tosses a tree to Joshua Robles as they select from hundreds of free Christmas trees dropped off by a vendor at Sunset Park in 2014. Prices of Douglas firs this year are generally higher than recent seasons because fewer were planted in reaction to a glut in the Pacific Northwest about a decade ago.

Steve Phillips and his family venture up to Oregon every year in August to walk his favorite Christmas tree plantation. This year, he discovered early in the process that tree prices would shoot upward, as growers in Oregon and Washington charge more for ...

15 December 2016

By Adam Candee

After Taj Mahal closure, Atlantic City casino revenue down 3.5 percent

A worker measures the doorway to block the entrance at the Trump Taj Mahal on Monday, Oct. 10, 2016, in Atlantic City, N.J. The sprawling Boardwalk casino, with its soaring domes, minarets and towers built to mimic the famed Indian palace, shut down at 5:59 a.m., having failed to reach a deal with its union workers to restore health care and pension benefits that were taken away from them in bankruptcy court.

Revenue for Atlantic City's casino industry declined in November by 3.5 percent compared to a year ago in the first full month after the Trump Taj Mahal casino closed. The seven casinos remaining in the city saw their combined revenue increase by ...

14 December 2016

Associated Press

Newest PT’s Gold features more slots

The exterior of PT’s Gold was reconfigured to create an outdoor covered patio area with heating and air-conditioning features that allow the patio to be used year-round.

The newest PT’s tavern has something most of them don’t — a lot more games. Due to a quirk in zoning laws, this PT’s Gold, 7200 W. Lake Mead Blvd., just west of U.S. 95, will have ...

14 December 2016

By Thomas Moore

Wynn says: Alexa, modernize my Las Vegas hotel rooms

This July 29, 2015, photo shows Amazon's Echo, a digital assistant that continually listens for commands such as for a song, a sports score or the weather.

Wynn Resorts announced today it will soon add Amazon’s Echo device to all its hotel rooms at the Wynn Las Vegas and Encore, allowing guests to control the lighting, temperature, drapes and ...

14 December 2016

By Thomas Moore

Fed raises key interest rate and foresees 3 hikes in 2017

Federal Reserve Board Chair Janet Yellen testifies on Capitol Hill in Washington, Wednesday, Feb. 10, 2016, before the House Financial Services Committee hearing on monetary policy and the state of the economy.

The Federal Reserve has raised a key interest rate in response to a solid U.S. economy and expectations of higher inflation, and it foresees three rate hikes in 2017. The Fed's action Wednesday will mean modestly higher rates on ...

14 December 2016

By Martin Crutsinger, Associated Press

Nevada's unemployment rate hits nine-year low in November

Nevada's unemployment rate has fallen to a nine-year low. The state Department of Employment, Training and Rehabilitation said today that Nevada's jobless rate ...

14 December 2016

Associated Press

What are the valley's transportation needs? RTC wants your opinion

Bumper-to-bumper traffic is diverted from two lanes to one Wednesday, Sept. 30, 2015, at Harmon Avenue and Las Vegas Boulevard.

With the Las Vegas Valley's population projected to grow by 700,000 people by 2040, how will we all get around town? The Regional Transportation Commission of Southern Nevada is seeking the community's input on a plan that will help provide the answer to that question and ...

14 December 2016

By Las Vegas Sun Staff

Nevada has sixth-fastest growing private sector in country

Nevada has the sixth fastest-growing private sector in the country in another sign that the state has rebounded from the recession. The Nevada Department of Employment, Training and Rehabilitation said Tuesday that the ...

13 December 2016

Associated Press

Boyd’s purchase of Cannery casinos nears completion

The Eastside Cannery on Boulder Highway.

Boyd Gaming’s purchase of the Cannery casinos is expected to be completed shortly after special sessions of both the Gaming Control Board and Gaming Commission next week. ...

13 December 2016

By Thomas Moore

Wynn Resorts sells nearly half interest in new Strip mall

Wynn Resorts has sold almost half its interest in Wynn Plaza, the new mall it is building on the Las Vegas Strip, and 88,233 square feet of other retail space at its two Strip resorts to Crown Acquisitions for $472 million. As part of the deal, which was ...

13 December 2016

By Thomas Moore

Level Up, where casino gambling and video games meet, to open at MGM Grand

A rendering of Level Up, a game lounge to open later this month at MGM Grand.

Apparently, the border dividing casino gambling and video games lies somewhere between a nightclub and a sports book — at least that’s where Hakkasan Group will open a space named Level Up in MGM Grand later this month. Level Up — which Hakkasan describes as a social lounge — will sit between Hakkasan and the sports book and will be ...

13 December 2016

By Thomas Moore

Coming of age: Downtown businesses welcome movie theater as sign of maturity

Eclipse Theaters, which features a restaurant and bar with an outdoor patio, is shown in downtown Las Vegas, Friday, Nov. 22, 2016.

Downtown business owners are anticipating an economic boost from the $21 million Eclipse Theaters, which opened last week after almost three years of planning. The three-story stone-and-glass box houses eight auditoriums with spacious ...

13 December 2016

By Dan Michalski, Special to the Sun

For all his threats, Trump is seen by businesses as key ally

President-elect Donald Trump, left, accompanied by SoftBank CEO Masayoshi Son, speaks to members of the media Tuesday, Dec. 6, 2016, at Trump Tower in New York. Trump talked up the Japanese mogul, who after meeting with the president-elect in New York, spotlighted his plan to invest $50 billion and create 50,000 jobs.

President-elect Donald Trump has lost no chance to bash or threaten individual companies that cross him. Yet, much of corporate America appears to view Trump not as an adversary but as a powerful friend ...

12 December 2016

By Josh Boak, Associated Press

The List: Commercial real estate developers, Dec. 11, 2016

Find out about commercial real estate developers. This week, we rank them by total square feet developed as of Nov. 30.

12 December 2016

By VEGAS INC Staff

The Data: Dec. 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 December 2016

By VEGAS INC Staff

Don't uproot that weed: Those worried about Las Vegas real estate prices near marijuana dispensaries may be pleasantly surprised

A store selling marijuana paraphernalia is among the stops on a cannabis tour in Denver.

Don’t worry if Mary Jane buys the house next door. She might just make yours more valuable. Recreational marijuana use becomes legal in January after Nevada voters passed ...