Las Vegas Business News

Tropicana owner reports 12.7 percent net revenue growth in 4th quarter

A view of the Tropicana on the Las Vegas Strip, Sept. 30, 2015.

Penn National Gaming, the company that runs the Tropicana and M Resort in Henderson, reported its fourth-quarter and full-year earnings today. At the Tropicana ...

4 February 2016
By J.D. Morris

Libation automation: L.V. investors’ Smartender mixes cocktails at touch of a button

Real estate developer Barry Fieldman with his new venture, the automated cocktail maker called a Smartender, on Tuesday, Feb. 2, 2016.

Barry Fieldman is known in Las Vegas for developing Showcase mall, the retail property decorated with a giant Coke bottle and M&M’s along the Strip. Now he’s on another mission: Overhaul the bartending business with rapid-fire, machine-made cocktails with this invention ...

4 February 2016
By Eli Segall

Cruz, Clinton set pace in Nevada campaign donations

Republican presidential candidate, Sen. Ted Cruz, R-Texas, greets supporters during a caucus night rally, Monday, Feb. 1, 2016, in Des Moines, Iowa.

As Sen. Ted Cruz celebrated his win over front-runner Donald Trump on Monday in the Iowa caucuses, he'd already scored a quieter victory in ...

4 February 2016
By Megan Messerly

Investor interest in Las Vegas homes continues to drop

Realtors Robin Camacho, right, and her son Jordan Camacho, center, look through one of the main rooms of a home for sale with John Bergeson of Los Angeles, Aug. 24, 2010 in Las Vegas.

In another sign that housing investors are clearing out of Las Vegas, such buyers picked up a larger share of homes nationally than in Southern Nevada in 2015 ...

3 February 2016
By Eli Segall

125-room hotel coming near Las Vegas Motor Speedway

A Las Vegas company announced plans today to develop a 125-room hotel by the Las Vegas Motor Speedway. CAI Investments said it has signed a deal for ...

3 February 2016
By J.D. Morris

Group proposes ballot measure to break NV Energy’s monopoly

Exterior view of the NV Energy building Monday, Oct. 20, 2014, in Las Vegas.

A group filed a ballot measure today that would create a competitive electricity market in Nevada to effectively end NV Energy’s monopoly ...

3 February 2016
By Daniel Rothberg

County approves new Wynn shopping center, convention building and pool at SLS

Exterior of SLS from Paradise street on August 22, 2014.

A new shopping center a and convention building with a rooftop pool and bar are headed to two Strip resorts under separate plans approved today by Clark County ...

3 February 2016
By J.D. Morris

Ailing media mogul Sumner Redstone resigns as chair of CBS

In this Oct. 3, 2011, file photo, Sumner Redstone arrives at the premiere of "Footloose" in Los Angeles.

Sumner Redstone, the ailing 92-year-old media mogul who controls media giants CBS and Viacom, has stepped down as executive chairman of CBS amid a courtroom battle over his health and mental capacity. CBS Chief Executive Leslie Moonves will replace him as chairman. Redstone's resignation took effect Tuesday, leaving him ...

3 February 2016
Associated Press

Tesla factory investment, hiring lag state projections

This Friday, Aug. 1, 2014, photo shows the Tahoe Reno Industrial Center in Sparks.

Tesla increased the workforce and capital investment at its 5.5 million-square-foot Northern Nevada battery factory in the last quarter of 2015, according to a report this week from ...

3 February 2016
By Daniel Rothberg

Cox offering subscribers an alternative to watch Super Bowl

A screen grab shows a message to Cox cable subscribers that CBS affiliate television station KLAS Channel 8 has pulled its programming, Saturday, Jan. 30, 2016.

As Cox Communications and KLAS-TV parent company Nexstar continue contract negotiations, the cable giant is offering an alternative for its 353,000 blacked-out Las Vegas customers to ...

3 February 2016
By Chris Kudialis

Downtown Grand CEO is gone after 8 months

The Downtown Grand announced Wednesday, Feb. 3, 2016, that CEO Jim Simms is leaving after less than a year on the job.

Downtown Grand CEO Jim Simms is leaving after less than a year on the job, the resort announced today. Simms was named to the position in June, replacing Seth Schorr, who became ...

3 February 2016
By J.D. Morris

Las Vegas ranked No. 9 on Penske list of top moving destinations

The Las Vegas Strip is shown from above in this 2015 image.

Days after Henderson popped up on a similar list, Las Vegas has made Penske Truck Rental's annual list of the top moving destinations in the U.S. The moving company announced today ...

3 February 2016
By Ric Anderson

In Las Vegas visit, labor secretary says Clinton exceeded expectations in Iowa

Democratic presidential candidate Hillary Clinton waves to supporters as she arrives for an event in Hampton, N.H., Tuesday Feb. 2, 2016, on her first day in New Hampshire after winning the Iowa Caucus.

The day after former Secretary of State Hillary Clinton eked out a victory in Iowa, Labor Secretary Tom Perez urging union members in Las Vegas to turn out for the Nevada Democratic caucus in two and a half weeks. The message from Perez and others in the Clinton camp was that ...

3 February 2016
By Megan Messerly

Why Phil Ruffin thinks Trump would be ‘brilliant’ president

Treasure Island owner Phil Ruffin is shown after an interview at his office Tuesday, Feb. 2, 2016. Ruffin and his wife, Oleksandra Nikolayenko, donated $1 million to veterans groups at Donald Trump's campaign event last week.

Treasure Island owner Phil Ruffin says he and his friend Donald Trump don't agree on everything. But that hasn't stopped Ruffin from being a strong supporter of Trump’s campaign. "I think he's brilliant," Ruffin said. "Usually, you don't get that quality of person running ...

3 February 2016
By J.D. Morris

Reid measure would shield existing solar customers from rate hikes

In this July 28, 2015, photo, electricians Adam Hall, right, and Steven Gabert install solar panels on a roof for Arizona Public Service company in Goodyear, Ariz. Traditional power companies are getting into small-scale solar energy and competing for space.

In an effort to provide federal protections for rooftop solar customers, Sens. Harry Reid and Angus King introduced language that would regulate how utilities could change rates for ...

2 February 2016
By Daniel Rothberg

Group launched to help Nevada thrive in development of autonomous cars

Gov. Brian Sandoval takes a spin in a driverless car Wednesday, July 20, 2011, in Carson City. Sandoval described the experience as "amazing"; he took the test run with a Google engineer and DMV Director Bruce Breslow. They started their trip at the DMV offices in Carson City and went north to Washoe Valley, where they turned around.

An economic development organization Tuesday approved the formation of the Center for Advanced Mobility, part of a state initiative to place Nevada on ...

2 February 2016
By Daniel Rothberg

MGM Resorts outsourcing its parking operations and valet services

MGM Resorts International, of which Mandalay Bay is a part, announced Friday, Jan. 15, 2016, that it will become the first major casino company to start charging visitors for parking on the Strip.

Valets at many Strip properties owned by MGM Resorts International will soon start working for a new employer as the casino company outsources its parking operations to a third-party contractor. MGM Resorts announced today ...

2 February 2016
By J.D. Morris

3 takeaways: NV Energy’s solar-rate proposal sets stage for more heated debate

Solar supporters rally Wednesday, Jan. 13, 2016, in front of Public Utilities Commission offices.

When NV Energy announced last week that it would introduce a proposal allowing existing solar customers to keep a prior rate structure for a period of up to 20 years, many took it as a sign that existing solar customers would be shielded from bill increases approved by regulators in December. But when the utility filed ...

2 February 2016
By Daniel Rothberg

Blackout, schmackout: Here’s how Cox viewers in Las Vegas can see Super Bowl 50

Cox Communications customers cannot view KLAS-TV on the cable system due to a contract dispute, but local Cox viewers can still see the Super Bowl on their TV. One option is to buy and install an antenna. Many antennas can be installed simply by screwing them into a TV's "F" connector port, like the one shown at left.

With KLAS Channel 8 and Cox Communications still mired in a contract dispute, the possibility of not being able to watch the Super Bowl at ...

2 February 2016
By Chris Kudialis

Golden Entertainment heads into Montana with completion of $20M transaction

Tina Gonzalez of Las Vegas plays the slots at the Golden Gaming area inside a Vons Supermarket in Las Vegas on Friday, February 1, 2013.

Golden Entertainment Inc. has wrapped up its $20 million acquisition of about 1,000 gambling devices in Montana, the Las Vegas-based company said today. The transaction brings yet another market into play for ...

1 February 2016
By J.D. Morris
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