Las Vegas Business News

Are free-play offers a waste of money for casinos?

Free play campaigns—those casino incentives in which customers are given money to gamble on the house—have historically grown exponentially as a form of competition between gaming institutions.

5 August 2024

By Katie Ann McCarver

Legislation to lift federal handle tax on sports wagers could pave way for better odds

Jay Kornegay, the vice president of SuperBook Sports, is interviewed at the Westgate Friday, Feb. 2, 2018.

When information started to spread on social media about a proposal in the U.S. Senate to exempt sportsbooks in the United States from paying a handle tax, a question ...

2 August 2024

By Ray Brewer

Caesars Entertainment sells World Series of Poker brand for $500M

The championship bracelet is displayed during the 2023 World Series of Poker Main Event at the Horseshoe Monday, July 17, 2023. More than 10,000 players entered the annual $10,000 buy-in no-limit Texas Hold em poker tournament this year.

Caesars Entertainment is selling the World Series of Poker brand to an online gaming group based in Canada but will continue to host live events in Las Vegas for at least the next 20 years, officials ...

1 August 2024

By Ray Brewer

Washington, DC, sues StubHub, saying the resale platform inflates ticket prices with deceptive fees

This July 4, 2013, file photo shows a U.S. flag, in the shape of the country, in the outfield before a baseball game between the Washington Nationals and the Milwaukee Brewers at Nationals Park in Washington.

The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The practice known as ...

31 July 2024

By Lindsay Whitehurst, Associated Press

Luxury home market in Las Vegas not just for buyers anymore

Great room in a home at Seneca in Southern Highlands.

Another luxury housing development is underway in Las Vegas—although this one comes with some different terms. Unlike most of the increasing number of ...

29 July 2024

By Katie Ann McCarver

Urban planners in Southern Nevada have beaten the odds

"If you put affordable housing on the outskirts of the city, then they won’t have as much access to things like public transportation, grocery stores and other services and amenities,” says Melissa Eure, president and director of planning for the planning and development firm G.C. Garcia.

29 July 2024

By VEGAS INC Staff

People on the Move: July 29, 2024

In the Notes: Nevada Women’s Philanthropy, HELP of Southern Nevada, Opportunity Village, Penta Cares Foundation, Nevada Childhood Cancer Foundation and more ...

29 July 2024

By VEGAS INC Staff

Contractor of the Year Awards celebrates top contractors in the community

Vegas Inc honors Southern Nevada’s best general contractors, subcontractors, suppliers and professional service providers in partnership with the Nevada Contractors Association.

26 July 2024

By Sierra Smart

Southwest Airlines breaks with 50-year tradition and will assign seats

A Southwest Airlines passenger jet taxis to a gate after landing at McCarran International Airport Thursday, Jan. 28, 2021.

Southwest Airlines plans to drop its tradition of more than 50 years and start assigning seats and selling premium seating for customers who want more legroom. The airline said Thursday that it has been studying ...

25 July 2024

Associated Press

2024 Angel Awards: Generosity and leadership in action

These honorees represent the efforts of many to nurture, provide for, care for and heal the vulnerable in the community.

25 July 2024

Group’s approach to fighting homelessness in Vegas incorporates youth leadership, volunteering

Arash Ghafoori, center, CEO of the Nevada Partnership for Homeless Youth, responds to a question about homelessness in Las Vegas during a roundtable discussion at Greenspun College of Urban Affairs at UNLV Wednesday, May 17, 2023. Panelist Jess Molasky listens at right. The panel discussion was sponsored by Nevada Women's Philanthropy.

According to Arash Ghafoori, CEO of the Nevada Partnership for Homeless Youth, about 12% of all youths experiencing homelessness in the U.S. resided in Nevada as of 2022.

22 July 2024

By Katie Ann McCarver

People on the Move: July 22, 2024

In the Notes: HomeAid Southern Nevada, Shine A Light Foundation, Signs of HOPE, Monster Energy, Boys & Girls Clubs of Southern Nevada, UnitedHealthcare Plan of Nevada Medicaid and more ...

22 July 2024

By VEGAS INC Staff

Allegiant Air's parent company will promote its president to CEO, replacing longtime chief Gallagher

Allegiant Air CEO Maurice Gallagher speaks at the 14th Annual Aviation Summit in Washington, March 17, 2015.

The parent company of Allegiant Air said Thursday that its president will become CEO in September, replacing longtime chief executive Maurice Gallagher, who will remain chairman of the board. Allegiant Travel Co. said ...

18 July 2024

Associated Press

Contest whets teens' appetite for learning to play the market

Students and officials pose in the lobby of the Wells Fargo Bank tower Tuesday, July 2, 2024. From left are: Wendell Blaylock, public affairs for Wells Fargo Nevada and Utah, Fineza Tangua, diverse segment leader for Wells Fargo Western Division, Pharaoh Washington, Ross Graydon, Keilana Stephenson, Kirk Richards, instructor for the 100 Black Men of Las Vegas Junior Investor Club, and Rhonda Nolen, program manager for 100 Black Men of Las Vegas.

One of the best decisions Ross Graydon said he has ever made was joining the Junior Investment Club, a partnership between 100 Black Men of America—a volunteer organization that provides mentorship to minority youths—and Wells Fargo that allows young people to practice investing through a curriculum-based simulation.

15 July 2024

By Katie Ann McCarver

Alternative investments can offer benefits of the real estate market without the headaches that often come with it

Jeff Pori answered questions from Vegas Inc about Delaware Statutory Trusts (DSTs) and the importance of a diversified portfolio.

15 July 2024

By VEGAS INC Staff

People on the Move: July 15, 2024

In the Notes: Tina Talim, Amy Carvalho, Jeffrey Downs, Richard Derrick, Ruben Rodriguez and more ...

15 July 2024

By VEGAS INC Staff

Union protections ease transition for Mirage workers as closing nears

Gabriel Fuentes, a barista at the Starbucks in the Mirage, poses outside the casino Wednesday, July 3, 2024.

In 2022, only about a year after Gabriel Fuentes started his new role at the Mirage, the property was sold as part of a more than $1 billion cash transaction to Hard Rock International, which is owned by ...

14 July 2024

By Katie Ann McCarver

Las Vegas tourism board president to get raise, bonus

Steve Hill, CEO/president of the Las Vegas Convention and Visitors Authority, speaks during a Welcome to Super Bowl LVIII news conference at Mandalay Bay Monday, Feb. 5, 2024.

Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, has received a salary boost and a six-figure bonus, after the LVCVA Board of Directors greenlit increasing Hill’s yearly income to ...

10 July 2024

By Katie Ann McCarver

Report: Home sales prices in Las Vegas up in June

A home for sale is shown in a residential area near Wigwam Avenue and Buffalo Drive Thursday, June 9, 2022.

The median sales price of existing single-family homes in Southern Nevada hit $475,000 in June, up nearly 8% from the same time last year, according to a report by Las Vegas Realtors. The median sales price of ...

9 July 2024

By Katie Ann McCarver

Vegas-Clark County Library District serves a wide swath of the community

Kelvin Watson, executive director of the Las Vegas-Clark County Library District, poses under banners at the Windmill Library Tuesday, May 16, 2023. Las Vegas-Clark County Library District's new marketing campaign utilizes updated signage to advertise the Library resources.

Kelvin Watson, the executive director of the Las Vegas-Clark County Library District, is looking forward to 2025. That’s when the system will be celebrating its 60th anniversary — and it will do so with a new library to serve the Historic Westside.