Las Vegas Business News

$4 billion Resorts World project gets key approval

An artist's rendering of Resorts World Las Vegas.

Resorts World Las Vegas took a big step forward today when Nevada gaming officials gave a key regulatory approval to the $4 billion project. The Nevada Gaming Commission ...

19 May 2016

By J.D. Morris

Chinese billionaire had 94 percent stake in firm buying land for Faraday, document shows

A Faraday Future sign, shown Wednesday, April 13, 2016, promotes the development of a $1 billion assembly plant at the Apex Industrial Park in North Las Vegas.

Chinese billionaire Jia Yueting had a roughly 94 percent stake in a company that has been buying Clark County land and working with officials on behalf of ...

19 May 2016

By Daniel Rothberg

Tesla selling $1.4B in shares to pay for Model 3

Tesla Motors unveils the new, lower-priced Model 3 sedan at the Tesla Motors design studio Thursday, March 31, 2016, in Hawthorne, Calif.

Electric car maker Tesla Motors is selling around $1.4 billion worth of stock to help bring its lower-cost Model 3 to market

19 May 2016

Associated Press

Las Vegas ‘zombie’ foreclosures remain grave concern despite dip

The entryway to a foreclosed home is shown in a neighborhood near Tenaya Way and Russell Road Thursday, June 25, 2015.

Las Vegas’ share of “zombie” foreclosures has dropped from a year ago but still is larger than in most metro areas. Some 6.8 percent of Las Vegas-area homes in ...

18 May 2016

By Eli Segall

Fremont Hotel officials celebrate property turning 60

Bill Boyd, executive chairman for Boyd Gaming, right, hands former Las Vegas Mayor Oscar Goodman a limited edition gaming chip during a 60th anniversary celebration for the Fremont hotel-casino at 200 Fremont St. in Las Vegas on Wednesday, May 18, 2016.

A mainstay of downtown Las Vegas — the place where Wayne Newton got his start — passed a milestone ....

18 May 2016

By Las Vegas Sun Staff

Stratosphere operator among 8 new members of casino trade group

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

The casino industry’s Washington, D.C.-based trade group announced today it has added eight new members, including multiple companies from Las Vegas. The American Gaming Association said ...

18 May 2016

By J.D. Morris

Thousands turn out for grand opening of Ikea store

Employees with thundersticks greet customers during the grand opening of Ikea on Wednesday, May 18, 2016, in Las Vegas.

Thousands of people lined up for today’s grand opening of the Las Vegas Valley’s first Ikea store, but none earlier than Junie Zhu. Wearing an Ikea T-shirt, Zhu, 23, of Las Vegas proudly displayed a wristband with the number 001 — first in line for the much-anticipated opening of the Sweedish furniture giant’s store at Durango Drive and Sunset Road. Some 3,000 people ...

18 May 2016

By Chris Kudialis

3 takeaways from casino industry’s latest huddle on anti-money laundering

Tuesday’s conference provided another window the important realm of what casinos do to fight money laundering, and what can happen when things go wrong. Here's a glimpse into ...

18 May 2016

By J.D. Morris

Overtime pay may become reality for more U.S. workers

In this photo taken Thursday, May 24, 2012, Pizza Patron store manager Jose Gomez takes a phone order, in Dallas, Texas.

More than 4 million U.S. workers will become newly eligible for overtime pay under rules to be issued Wednesday by the Obama administration ...

18 May 2016

By Christopher S. Rugaber, Associated Press

How aggressively will L.V. embrace e-sports betting? It depends on whether it’s a sport

The Gaming Policy Committee meeting designed to bring Nevada regulators, policymakers, and gambling industry stakeholders up to speed on esports appears to have ...

17 May 2016

By Joss Wood, eSports Betting Report

Sports book operator accused of shortchanging bettors

The Cantor Sports Book, now CG Technologies, at the Silverton holds its grand opening celebration on Thursday, Nov. 29, 2012.

The Nevada Gaming Control Board has filed a complaint against CG Technology, which runs seven Las Vegas-area sports books, for underpaying about $700,000 on more than ...

17 May 2016

By Cy Ryan

Senior surge: Why age qualified developments are making a comeback in Las Vegas

Construction continues on the Toll Brothers' first Active Adult Community called Regency at Summerlin on March 3, 2016

Senior housing developments are making a comeback in Las Vegas. But this time around, though, don’t look for the type of senior development that was built for ...

17 May 2016

By Eli Segall

Remark Media acquires China-based marketing and digital content company

Las Vegas-based Remark Media today announced it was acquiring a Chinese marketing and digital content company that works with a number of high-profile companies and produces coverage of Hollywood events, sports and celebrity news for TV, online and ...