Las Vegas Business News

From Sky Ranch Motel to ‘Shark Tank’: A perfect Las Vegas success story

College student and entrepreneur Shaan Patel of Las Vegas delivers a pitch on an episode of "Shark Tank," which airs Friday, Jan. 29, 2016 on ABC.

Growing up in a motel along a gritty stretch of Fremont Street, Shaan Patel learned lessons about some of the darker sides of life. But his parents stressed education, and now Patel is a college student and entrepreneur who'll receive national TV exposure when ...

29 January 2016
By Daniel Rothberg

UNLV likes Sands-backed stadium for NFL team but isn’t married to it yet

UNLV closed a $50 million deal to buy 42 acres of empty land along Tropicana Avenue and Koval Lane that could be used to build a stadium on campus. The sale was announced Wednesday, Jan. 20, 2016.

UNLV is receptive to plans being pushed by Las Vegas Sands Corp. for construction of a $1 billion, 65,000-seat stadium on land recently bought by the university ...

28 January 2016

Las Vegas Sands wants stadium for UNLV, possibly Raiders

NFL Commissioner Roger Goodell, left, laughs as Oakland Raiders owner Mark Davis talks to the media after an NFL owners meeting Tuesday, Jan. 12, 2016, in Houston.

Las Vegas Sands owner Sheldon Adelson wants to help build a domed stadium on the UNLV campus and is meeting with the owner of the Oakland Raiders ...

28 January 2016
By Michelle Rindels, Associated Press

Ex-NIU running back sues FanDuel, DraftKings for using name

In this Nov. 23, 2012, file photo, Northern Illinois' Akeem Daniels (3) breaks a tackle during an NCAA football game against Eastern Michigan in Ypsilanti, Mich. The former NIU running back filed a lawsuit in Chicago on Wednesday, Jan. 27, 2016, suing two daily fantasy sports sites, Boston-based DraftKings and New York-based FanDuel, alleging that they used his name to generate millions of dollars in revenue.

Former Northern Illinois University running back Akeem Daniels is suing two daily fantasy sports sites in Chicago federal court alleging they used his name to generate millions of dollars in revenue. Daniels filed the lawsuit Wednesday against Boston-based DraftKings and New York-based FanDuel, The (DeKalb) Daily Chronicle reported ...

28 January 2016
Associated Press

Tourism committee begins examining light rail, other transit plans

The Regional Transportation District’s light rail train arrives at the Broadway station in south Denver.

Light rail, an expanded monorail and new pedestrian bridges on the Strip were among the key transportation proposals examined today — at some points critically — by an influential group of tourism leaders. The Southern Nevada Tourism Infrastructure Committee met to hear in detail about a range of transportation proposals, including many covered by a sweeping plan recently released by the Regional Transportation Commission. Called ...

28 January 2016
By J.D. Morris

Henderson ranked No. 7 on U-Haul list of growing cities

Henderson is among one of the nation's fastest-growing cities, as measured by U-Haul rentals. U-Haul International Inc. ranked Henderson No. 7 in its ...

28 January 2016
By VEGAS INC Staff

Las Vegas airport saw 45.4 million passengers in 2015

Travelers check in at the Allegiant Airlines counter Thursday, Oct. 30, 2014, at McCarran International Airport.

Las Vegas officials say 2015 saw the third highest passenger count in airport history with more than 45 million people who came ...

28 January 2016
Associated Press

Drawn to Chinatown, L.V. developer skips suburbs for latest apartment project

A view of vacant land, formerly industrial property, near Spring Mountain Road and Valley View Boulevard on Monday, Jan. 25, 2016. Fore Property Co. has purchased 6.5 acres near Chinatown for a new apartment development.

Las Vegas developers are flooding the suburbs with apartment complexes, and largely avoiding the kind of site where Jonathan Fore is plotting his latest project. His vacant Chinatown-area property is in an urban neighborhood, right near auto-body shops, the Pussycats adult club and ...

28 January 2016
By Eli Segall

As ‘Week of Water’ events begin, experts see potential for Southern Nevada

A view of the abandoned Echo Bay Marina in the Lake Mead National Recreation Area in Southern Nevada Saturday, April 25, 2015. The marina was closed in early 2013 when its concession contract expired.

Although Southern Nevada sits in one of the world’s most parched climates, it’s also poised to become a world leader in the technology and policy needed to keep water flowing. As experts convent in Las Vegas for a pair of conferences on water ...

28 January 2016
By Las Vegas Sun Staff

Wal-Mart’s shutdown creates new food deserts

In this photo taken Thursday, Jan. 21, 2016, cars fill the parking lot of a Wal-Mart store in Fairfield, Ala., as it prepared to shut down. Stores slated to shut down Thursday, Jan. 28, 2016, will leave residents in parts of Fairfield, Ala.; Coal Hill, Ark.; and Wichita, Kan., without a supermarket.

Wal-Mart's decision to shutter 154 stores across the country means that, starting Thursday, residents without cars in a neighborhood near a historically black college outside ...

28 January 2016
By Phillip Lucas and Mike Schneider, Associated Press

Las Vegas Sands revenue takes hit from Macau for 4th quarter, full year

In this photo taken Nov. 23, 2014, visitors walk across the road in front of the Venetian Macao casino resort in Macau.

Las Vegas Sands, the casino company that runs the Venetian and Palazzo on the Strip in addition to properties in Macau and elsewhere, reported its fourth-quarter and ...

27 January 2016
By J.D. Morris

Gaming association: Super Bowl will elicit $4.2 billion in mostly illegal bets

Geoff Freeman, president of the American Gaming Association, gives a “State of the Industry” address during the Global Gaming Expo on Tuesday, Sept. 29, 2015, at Sands Expo Center.

Americans are poised to wager $4.2 billion on the upcoming Super Bowl 50, with the vast majority of those bets expected to be placed illegally. The American Gaming Association said its sports betting projection for the Feb. 7 championship football game between the Denver Broncos and the Carolina Panthers represents ...

27 January 2016
By J.D. Morris

Even without endorsing, Culinary Union seeks to be major player in politics and beyond

Geoconda Arguello-Kline, left, secretary-treasurer for Culinary Workers Union, Local 226, and Nevada State Sen. Ruben Kihuen, center, a Democratic candidate for U.S. Congress, take part in a Culinary Union protest near Trump International Hotel on Friday, Aug. 21, 2015, in Las Vegas. Trump International Hotel workers are not unionized.

After playing a big role when Democratic candidates last battled each other for their party's presidential nomination, the Culinary Union is staying above the fray this time around. While it made ...

27 January 2016
By J.D. Morris

Nevada follows national trend in families seeking alternatives to public schools

Students Isabel Onisile, 11, and Octavia McKindra, 11, attend a rally at Sierra Nevada Academy Charter School at the National School Choice Week Capitol celebration Wednesday, Jan. 28, 2015, in Carson City.

It’s National School Choice Week, which seems like an appropriate time to take stock of how the school choice movement is doing in Nevada. In two words: Pretty good. School choice activists, buoyed by ...

27 January 2016
By Ian Whitaker

Gov. Christie calls for state takeover of Atlantic City

Revel, a $2.4 billion casino in Atlantic City, shut down in 2014. The casino is reopening under new ownership and a new name: the Ocean Resort Casino.

New Jersey Gov. Chris Christie said Tuesday the state will assume vast control over Atlantic City's finances and decision-making, saying the seaside gambling resort is incapable of ...

27 January 2016
By Wayne Parry, Associated Press

Las Vegas unemployment rate continues to inch down

The unemployment rate in the Las Vegas area dropped to 6.2 percent in December ...

26 January 2016
By Cy Ryan

Toyota stays No. 1 automaker, sells 10.15M vehicles in 2015

Toyota unveils the latest version of the Prius at an event Tuesday, Sept. 8, 2015, in Las Vegas.

Toyota Motor Corp. says it sold 10.151 million vehicles in 2015, retaining its status as the world's top-selling automaker for the fourth straight year ...

26 January 2016
Associated Press

Nevada justices hear arguments in Las Vegas Sands Macau case

Sands Cotai Central, which sits just across from Venetian Macau.

The question of whether casino magnate Sheldon Adelson's company has to pay a $70 million judgment to a Hong Kong businessman for helping to secure business in Macau is ...

26 January 2016
Associated Press

Four neighborhood hospitals coming to the valley

An artist's rendering of a neighborhood hospital Dignity Health-St. Rose Dominican is building in North Las Vegas.

Dignity Health-St. Rose Dominican is building four neighborhood hospitals in the Las Vegas Valley that could ease overcrowding at emergency rooms, the hospital system announced today. The multimillion-dollar, 24-hour hospitals are ...

26 January 2016
By Jackie Valley

Wynn Las Vegas files lawsuit over fee to leave NV Energy

The Wynn hotel-casino on Las Vegas Boulevard on Sept. 30, 2015.

Wynn Las Vegas is suing the Public Utilities Commission over the fee it would have to pay to leave NV Energy and buy power from a different company. The lawsuit, filed in ...

26 January 2016
By Daniel Rothberg
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