Las Vegas Business News

Governor reconvening committee to study gaming issues

Gov. Brian Sandoval sits in his office at the Capitol on Friday, April 17, 2015, in Carson City.

Gov. Brian Sandoval announced today he is reconvening the Nevada Gaming Policy Committee to look into ongoing issues in the gaming industry. The committee will bring together ...

Las Vegas man shares in $779,000 Powerball prize

A Las Vegas mail carrier has been identified as the winner of a $779,264 Powerball prize from a drawing last week. A news release from the California Lottery said ...

Pay-to-park in Las Vegas? We’re already doing it

Cars enter MGM Grand on Thursday, Jan. 14, 2016, in Las Vegas. MGM Resorts International announced Friday that it plans to begin charging visitors for parking this year at some of its properties in Las Vegas.

Over the holidays, I twice attended Nevada Ballet Theatre’s production of “The Nutcracker” at the Smith Center for the Performing Arts at Symphony Park in downtown Las Vegas. On my way to the valet lane ...

Stock market slides again; worst two-week start to a year

Michael Pistillo Jr. follows stock prices at the New York Stock Exchange, Friday, Jan. 15, 2016.

Never before has Wall Street gotten off to a worse start to a year. The stock market capped the first two weeks of 2016 with a steep slide Friday that sent the Dow Jones industrial average down nearly 400 points. The Dow ...

The Latest: Cosmopolitan says no parking fees like MGM

Cars enter MGM Grand on Thursday, Jan. 14, 2016, in Las Vegas. MGM Resorts International announced Friday that it plans to begin charging visitors for parking this year at some of its properties in Las Vegas.

The Cosmopolitan casino-hotel says it doesn't have plans to follow in MGM Resorts' footsteps and charge for parking on the Las Vegas Strip. The company said Friday that it had no changes planned but ...

Court: Taj Mahal casino rightly ended worker benefits

The Trump Taj Mahal resort in Atlantic City is shown Oct. 24, 2014.

An appeals court ruled Friday that Atlantic City's Trump Taj Mahal casino was within its rights to end health insurance and pension benefits to its workers, removing the last major obstacle to billionaire Carl Icahn taking over. The court ruled in favor of the casino's parent company, Trump Entertainment Resorts, which ended ...

Wal-Mart store in Las Vegas among 154 U.S. locations closing

Retail giant Wal-Mart announced today the closing 154 U.S. stores, including one in the northeast Las Vegas Valley. The Wal-Mart Supercenter at 4350 N. Nellis Blvd. will close its doors for good at ...

Lawsuit filed over new rooftop solar utility rates

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

Advocates of rooftop solar are opening a new front in their challenge of increased bills for NV Energy solar customers. Two law firms filed a class-action lawsuit in Clark County District Court this week. The suit, filed Tuesday, alleges ...

Wynn Resorts expects 4th-quarter revenue drop in Macau, win in Las Vegas

The Wynn and Encore on Las Vegas Blvd. on September 30, 2015.

Wynn Resorts Ltd. said today it expected to report a steep decline in revenue from its China operations in the fourth quarter of 2015, though it would anticipate a stronger financial performance in ...

MGM to start charging for parking at Strip casinos

The entrance to parking at Bellagio on Thursday, Jan. 14, 2016, on the Las Vegas Strip.

In a city built on luring tourists with cheap thrills and free cocktails, a big part of the Las Vegas Strip will soon slash away its most basic freebie: parking. MGM Resorts International announced Friday that it will become the first ...

Get used to it: Big drops for stocks are back again

Stock trader Gregory Rowe works at the New York Stock Exchange, Friday, Jan. 15, 2016.

Yes, this is scary. Stock prices plunged again Friday and are down more than 8 percent in just two weeks, an unprecedented slide for a start of a year. The vicious drops feel even more unsettling because they're such ...

Las Vegas land isn’t dirt cheap, but here’s why it isn’t selling like it once was

A damaged sign advertising land for sale sits near the southeast corner of Las Vegas Boulevard and Cactus Avenue on Friday, Jan. 8, 2016.

Las Vegas once was a hot spot for land speculators, who couldn’t get enough desert tracts to develop or flip to other investors. Sales evaporated with the recession and recovered a bit a few years ago. But today, the land business has ...

Sin City surge: Las Vegas tourism industry stays on post-recession upswing

Midnight arrives for a crowd of revelers along Flamingo Avenue at Las Vegas Boulevard on New Year’s Eve on Thursday, Dec. 31, 2015.

By most measures, last year was a pretty good one for the Las Vegas tourism industry. Visitation in 2015 surpassed the record set one year earlier by about 1.2 million people, preliminary figures show, and officials expect ...

China’s Haier buying GE appliance unit for $5.4 billion

Haier Group, the world's biggest appliance maker, is buying General Electric Co.'s appliance business for $5.4 billion to expand its global presence ...

Another rooftop solar company announces layoffs

Nevada-based Go Solar is laying off 17 employees in Las Vegas and reducing the hours of 10 workers, the rooftop solar company announced today. The cuts were prompted by ...

MGM appoints CEO, CFO for new real estate investment trust

The exterior of Mandalay Bay in Las Vegas on December 8, 2015.

MGM Resorts International announced today it has chosen two businessmen with investment banking backgrounds to lead the real estate investment trust into ...

Las Vegas high-tech company Switch expanding into Thailand

Technology firm Switch opened a new data center — Supernap Las Vegas 9 — on Thursday, Aug. 13, 2015.

Las Vegas-based data company Switch is growing again. SUPERNAP International, an entity formed by Switch in partnership with investors ACDC Fund, said today it had begun building a $300 million data center in Thailand, the first of its type in ...

Granola lovers’ Heaven debuts; pizza and amusement rides head to Boulevard mall

John's Incredible Pizza Company opened Dec. 29 at the Boulevard mall.

Harvest by Roy Ellamar offers New American cuisine as a store dedicated to Nike products premieres at the Miracle Mile Shops at Planet Hollywood ...

PUC clears path for casinos seeking NV Energy exit but leaves fees intact

Wynn Las Vegas is shown in this Sept. 30, 2015, photo.

The Public Utilities Commission clarified regulatory language on Wednesday, allowing three gaming companies to purchase energy on the open market. But the gaming companies did not get nearly all they asked for. They still face a collective $126.6 million in fees and additional future fees, which could dampen ...

In 2015, foreclosure filings climbed in Nevada, fell across U.S.

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

Nevada homeowners were slapped with a rising tally of foreclosure filings last year, bucking a nationwide drop as the state remained among ...