Las Vegas Business News

Volkswagen to shed 30,000 jobs, cutting costs after scandal

In this Sept. 6, 2016, file photo, a worker checks the Volkswagen sign on a Golf car during the so-called 'Open Door Day' to celebrate the 25th anniversary of the German manufacturer Volkswagen Sachsen in Zwickau, eastern Germany.

Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests. The German company said the job cuts, which account to around 5 percent of ...

Daily fantasy sports rivals DraftKings and FanDuel to merge

In this Sept. 9, 2015, file photo, Bear Duker, a marketing manager for strategic partnerships at DraftKings, works at his computer at the company headquarters in Boston.

Daily fantasy sports rivals DraftKings and FanDuel have agreed to merge after months of speculation and increasing regulatory scrutiny. The two companies made the announcement Friday, saying the combined organization would ...

$14 million Enclave takes shape

Afternoon sun illuminates the unfinished concrete floor of  the Madrigal Ballroom inside Enclave during a hard hat tour of the construction site Wednesday, Nov. 16. 2016. Enclave is a 75,000-square-foot luxury event space on South Eastern Avenue slated to open in January.

When Lady Gaga, Tony Bennett and their 21-piece orchestra need a place to rehearse, the place must be just right. ...

Prohibition of pot use in hotel-casinos likely to continue after Question 2

Nevada Gaming Commissioner Tony Alamo, shown in 2011, indicated Thursday that marijuana will not be allowed in casino-hotels, despite last week's passage of Question 2.

Even after Question 2’s passage last week, casinos will likely avoid dealing with the marijuana industry and continue to prohibit guests from using pot on their properties ...

Hard Rock Cafe on Paradise Road closing at end of year

The Hard Rock Cafe, with its iconic guitar sign, at the corner of Paradise Road and Harmon Avenue in Las Vegas.

The Hard Rock Cafe on Paradise Road will close Dec. 31, part of a strategic decision to focus efforts on the brand’s Las Vegas Strip location. Employees at the closing cafe will be given priority consideration for open positions at the Strip cafe and its LIVE concert venue ...

A primer on how the state’s gaming oversight works

Michael Eide and attorney Patty Becker, representing Dotty's Gaming & Spirits, respond to a series of questions regarding a proposed change to Nevada gaming regulations, Thursday, Aug. 25, 2011.

What are the Nevada Gaming Policy Committee, the Nevada Gaming Commission and the Nevada Gaming Control Board?

Betting on e-sports in Nevada could happen in weeks

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.

Betting on e-sports in Nevada could begin in a couple of weeks now that the Nevada Gaming Policy Committee has advised the state’s regulatory bodies to allow businesses to take bets on the growing sport. ...

Giordano’s has job fair for new Las Vegas pizza restaurant

Giordano’s, the famous Chicago pizzeria, is conducting a job fair today and Thursday to fill positions for the Dec. 13 opening of a Las Vegas restaurant. The eatery, famous for its Chicago-style deep-dish pies ...

Cardenas Markets sold to investment firm partnership

A view of the Cardenas supermarket on East Tropicana Avenue Wednesday, Feb. 4, 2015.

Ontario-based Cardenas Markets has been sold to a partnership of two investment firms, according to both parties. New York's KKR and Chicago's Victory Park Capital , have also ...

Man who beat girlfriend at casino sues over excessive drinks

A Pennsylvania man who spent four years in prison for beating his girlfriend at the Sands Casino Resort Bethlehem is suing the casino for allegedly serving him too many free drinks before ...

Work stops at Faraday Future factory site in North Las Vegas

In this April 13, 2016, file photo, Gov. Brian Sandoval looks at a model for a Faraday Future factory in North Las Vegas.

Work has been suspended at a site outside Las Vegas where Nevada has pledged up to $335 million worth of incentives to an upstart electric car company that promises to have a vehicle still on the drawing board rolling off a new $1 billion assembly line in 2018. The idling of the Faraday Future project at ...

Valley Chick-fil-A restaurants opening early next year

A view of a Chick-fil-A restaurant under construction at 9925 S. Eastern Avenue in Henderson Tuesday, Nov. 15, 2016.

Chicken aficionados eagerly awaiting the opening of the valley’s first Chick-fil-A restaurants will have to wait a little longer before they down their first sandwiches, nuggets and waffle fries. Even though ...

Former U.S. senator to oversee state takeover of Atlantic City

An empty stretch of boardwalk in Atlantic City, N.J., April 6, 2016.

Chiesa's appointment comes nearly a week after the state took control of the assets and major decision-making in the struggling seaside gambling resort that is half a billion dollars in debt ...

The List: Banks and thrifts, Nov. 13-19

Find out about banks and thrifts. This week, we rank them by by local deposits as of June 30.

Treasury finds troubles with TARP in Nevada

President Barack Obama delivers a speech in the eastern Las Vegas valley Monday, Oct. 24, 2011. Obama spoke about the American Jobs Act and announced a housing initiative to help homeowners with federally guaranteed mortgages refinance their homes.

Seeking to address the housing crisis in the states most affected by unemployment, the federal government created a fund in 2010 to help homeowners pay mortgages. Nevada stood to benefit from an allocation of about $200 million as part of the Hardest Hit Fund. But six years later, half the funding has yet to be disbursed, with many homeowners turned away from the program. Although the fund — controlled by the nonprofit Nevada Affordable Housing Assistance Corp. (NAHAC) — approved payouts for thousands of homeowners in its first three years, assistance plunged ...

Technology park developer: 'Together, we can make a major difference'

Dan Stewart, vice president of development for the Gardner Company, poses at the site of UNLV Research Foundations Harry Reid Research & Technology Park near South Durango Drive and West Sunset Road Wednesday, Nov. 9, 2016.

The vice president of development at the Gardner Co. talks about the potential of the Harry Reid Research and Technology Park to reshape the education landscape at UNLV and shares the bittersweet experience of providing aid to the people of Haiti.

The Data: Nov. 13-19

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].

Chef to the stars settles into Las Vegas community

Daniel Krohmer, owner of Other Mama, received his culinary training in northern California and says he focuses on simple food with quality ingredients.

Chef Daniel Krohmer had a chance to travel the world cooking for the likes of Jay Z and Taylor Swift. But when it was time to settle down and open his own restaurant, he embraced the Las Vegas community.

After the election: Keep calm and carry on

On the national financial front, Wall Street typically reacts with some short-term volatility to any new administration, but as unique as this election cycle has been, no one can predict the new president’s long-term impact on the stock market.

The Notes: Nov. 13-19

In the Notes: Alicia Isham, Dennae Peoples, Brandon Saliba, Ethan Kent, Maryellan Mackenzie, Jessica Sayles, Dr. Nirav Gandhi, Dr. Victor Muro, Dr. Guillermo Fraga, Dr. Kevin Bay, Linda Sue Van Roeyen, Alex De Castroverde and more ...