Las Vegas Business News

U.S. stock indexes edge lower in early trading; oil slides

A slide in telecom services, consumer staples and utilities companies helped pull U.S. stock indexes mostly lower in afternoon trading Thursday. The decline came as investors weighed the latest batch ...

21 April 2016
By Alex Veiga, Associated Press

Wells Fargo executive named to Nevada Gaming Commission

Gov. Brian Sandoval has appointed a Wells Fargo executive to fill a vacancy on the Nevada Gaming Commission ...

21 April 2016
By Associated Press

Commission to kick light-rail conversations into high gear

A Valley Metro Rail train is shown on the Arizona State University campus in Phoenix. Built at a cost of $1.4 billion, the light-rail system became operational in 2008 and since has been expanded from 20 miles to 26. As Phoenix proceeds with plans to add 40 miles to the system by 2034, officials in the Las Vegas Valley have begun discussing proposals to establish a light-rail system here.

Plans to bring light rail to Las Vegas are moving forward, at least for now. Proponents of the transit technology are pushing it as a way to better connect McCarran International Airport with the Strip and downtown Las Vegas. Officials have not yet resolved one of the proposal’s biggest uncertainties — how it would be funded — but they have started to make some progress on the general concept ...

21 April 2016
By J.D. Morris

What’s new in booze? Here are 5 fresh products from Wine and Spirits Expo

Quincy Richardson, right, poses with a "Dragon Cool" cocktail during the Wine & Spirits Wholesalers of America (WSWA) convention at Caesars Palace Wednesday, April 20, 2016.

The 73rd annual Wine & Spirits Wholesalers of America Convention & Exposition returned this week to Caesars Palace with the latest twists on some popular spirits and the debut of several concoctions, soon to be found at ...

21 April 2016
By Chris Kudialis

Will residential storage batteries be bonanza for solar consumers?

At a Spring Valley home not far from the Las Vegas headquarters of the Public Utilities Commission, a group gathered Wednesday to showcase what it proclaimed as a potential game-changer in solar electricity generation. The focus: a new piece of technology designed to ...

21 April 2016
By Daniel Rothberg

Las Vegas Sands revenue, earnings fall in 1st quarter

The exterior of the Venetian is seen Thursday, July 18, 2013.

Las Vegas Sands, the casino company that runs the Venetian and Palazzo on the Strip, as well as properties in Macau, Singapore and Pennsylvania, reported ...

20 April 2016
By J.D. Morris

Sources: Boyd Gaming nears deal to buy Cannery Casino Resorts

The exterior of the Cannery offers a view the casino's entrance, as well as a glimpse of the hotel's classic blue-collar theme.

Casino operator Boyd Gaming Corp is close to an agreement to buy Cannery Casino Resorts LLC, in a deal that will value the ...

20 April 2016
Reuters

Las Vegas homeowners seeing big profits on sales

This February 2016 photo shows a house for sale in the Las Vegas Valley.

Las Vegas homeowners are booking the highest profit margins in years when selling their property, but amid flat prices, those gains have largely leveled off, a new report shows. Owners who sold ...

20 April 2016
By Eli Segall

Shares of MGM real estate subsidiary up 4.8 percent on first day of trading

MGM Growth Properties CEO James Stewart, third from right, rings the New York Stock Exchange opening bell to celebrate his company's IPO, Wednesday, April 20, 2016. He is joined by company CFO Andy Chien, right, and New York Stock Exchange President Tom Farley, second from right, for the first IPO of the year at the exchange.

Shares of MGM Resorts International’s new real estate subsidiary were up 4.8 percent today at the close of their first day of public trading on the New York Stock Exchange. The Las Vegas-based casino operator announced ...

20 April 2016
By J.D. Morris

Amid widespread die-off of old malls, new owners breathe life into Boulevard center

Goodwill of Southern Nevada and John’s Incredible Pizza Company opened in 2015 at Boulevard mall, pictured here Monday, April 4, 2016.

When the Boulevard mall opened nearly five decades ago, newspapers heaped praise on the “shopping paradise,” saying it had more “charm and grace” than any other gathering ...

20 April 2016
By Eli Segall

Slots? Not. Why gaming isn’t key part of some new Strip attractions

MGM Resorts International Chairman and CEO Jim Murren speaks during the grand opening of The Park on Monday, April 4, 2016. Gov. Brian Sandoval is seated at right.

The Park. T-Mobile Arena. The Linq promenade. The proposed Paradise Park at the Wynn Las Vegas and Encore. What do they have in common? Their development stemmed from one factor: The decrease in …

20 April 2016
By J.D. Morris

Virtual-reality porn is coming to 1 or more hotels

Welcome to the 21st century: Immersive porn is coming to Las Vegas. Virtual Reality Bangers, a Los Angeles-based company that produces immersive, 360-degree porn, announced its …

19 April 2016
By Daniel Rothberg

MGM’s new real estate subsidiary prices IPO at high end of expectations

MGM Resorts International said today that the initial public offering of its new real estate subsidiary has been priced at $21 per share, raising gross proceeds of ...

19 April 2016
By J.D. Morris

Report: New-home sales up, but prices flat

Model homes are shown under construction at The Estates at Rhodes Ranch, a Century Communities development, Thursday, Dec. 3, 2015. Project manager Dale Juilfs is at left.

Las Vegas homebuilders are selling more houses and drawing up more construction plans compared to last year, but in some ways, sales volume has ...

19 April 2016
By Eli Segall

Golden Entertainment buying more Montana gambling machines for $25 million

Golden Entertainment CEO Blake Sartini.

Las Vegas-based Golden Entertainment Inc. announced today that it has moved to acquire its second line of gambling devices in Montana for about $25 million, a transaction that the company said will ...

19 April 2016
By J.D. Morris

McDonald’s is testing all-you-can-eat, bottomless French fries

In this Tuesday, Jan. 21, 2014, file photo, the McDonald's Golden Arches logo at a McDonald's restaurant is covered with snow in Robinson Township, Pa.

If you’ve ever reached the bottom of a carton of McDonald’s fries and thought, I could probably eat 25 more of these, you may soon have ...

19 April 2016
People

In Las Vegas, YouTube announces 360-degree live streaming

Neal Mohan, YouTube's Chief Product Officer, speaks on YouTube Red, an ad-free subscription service, during the first day of the NAB (National Association of Broadcasters) Show at the Las Vegas Convention Center Monday, April 18, 2016. Mohan also announced the introduction of 360-degree live streaming and spatial audio on YouTube.

YouTube will begin offering 360-degree live streaming of some events, starting with this weekend’s Coachella Music Festival, Chief Product Officer Neal Mohan announced today at ...

18 April 2016
By Chris Kudialis

Congratulations to the VEGAS INC 2016 Health Care Headliner honorees

The 10th edition of Health Care Headliners is VEGAS INC's chance to introduce you to a few people who are making a big difference in local health care...

18 April 2016
By Craig Peterson

U.S. stocks recover from an early slump and close higher

Energy companies led a broad rally in U.S. stocks Monday as investors shrugged off another slide in crude oil prices. The gain nudged the Dow Jones industrial average slightly above the 18,000-point mark for the first time since ...

18 April 2016
By Alex Veiga, Associated Press

LVB Burgers and Bar opens at Mirage; Tivoli Village, The Park add eateries

BLT Burger inside the Mirage

As an eatery at the Mirage closes, several new restaurants open in the valley, including a sweet offering at Tivoli Village, a popular pizza chain at the Park and the home of the Bobbie in North Las Vegas.

18 April 2016
By VEGAS INC Staff
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