Las Vegas Business News

Q+A: Homebuilder in Rhodes Ranch, Tuscany discusses state of market

Don Boettcher, president for Century Communities' Nevada Division, smiles during an interview at the company's offices Monday, Nov. 30, 2015.

Homebuilder Don Boettcher recently spoke with VEGAS INC about Century Communities' developments, as well as the valley’s housing market and the go-go years when ...

11 December 2015
By Eli Segall

Decoding the Faraday special session

Nevada Governor Brian Sandoval, center, Dag Reckhorn, left, global vice president of manufacturing for Faraday Future, and Steve Hill, director of the Governors Office of Economic Development, are shown during a news conference at the Sawyer State Building in Las Vegas Thursday, Dec. 10, 2015.

In what could become a major economic boon for the region, Southern Nevada may soon host its own version of Tesla’s electric car factory ...

11 December 2015
By Megan Messerly

Tesla going full speed in developing Nevada factory, but auditing lags

Gov. Brian Sandoval, Steve Hill, executive director of the governor’s office of economic development, and Tesla Motors CEO Elon Musk answer media questions about an announced car battery plant Thursday, Sept. 4, 2014, at the Capitol in Carson City.

Tesla is well ahead of schedule in getting production at its Nevada manufacturing plant up to speed. Its progress in fulfilling auditing requirements for state tax incentives is ...

11 December 2015
By Daniel Rothberg

DraftKings, FanDuel back regulations proposed by Massachusetts

In this Sunday, Oct. 25, 2015, photo, workers set up a DraftKings promotions tent in the parking lot of Gillette Stadium in Foxborough, Mass., before a game between the New England Patriots and New York Jets.

Daily fantasy sports companies DraftKings and FanDuel voiced support Thursday for Massachusetts' approach to regulating their controversial industry as states across the country weigh greater restrictions or outright bans on ...

10 December 2015
By Philip Marcelo, Associated Press

Energy stocks, beaten down all week, help push market higher

This July 15, 2013, file photo shows the New York Stock Exchange in New York. Global stock markets fell sharply Friday, Sept. 4, 2015, ahead of the release of monthly U.S. jobs figures that could well determine whether the Federal Reserve will raise interest rates later this month, a prospect that's unnerving investors at a time when markets have been so volatile.

Investors took a chance on some beaten-down shares on Thursday, helping the U.S. stock market to its first gain in four days. The gain was modest, but broad, with eight of the 10 industry sectors ...

10 December 2015
By Bernard Condon, Associated Press

Lawmakers to consider $335 million in incentives for Faraday Future

Rendering of planned Faraday Future auto plant in North Las Vegas.

Faraday Future will receive an estimated $215 million in tax abatements and incentives if legislators approve a package for the electric car company during a special session ...

10 December 2015
By Megan Messerly,
Daniel Rothberg

Analysis: Here are the hot spots for Las Vegas home and business break-ins

Analysis: Here are the hot spots for Las Vegas home and business break-ins

It happens on average more than 40 times per day: a home or business is broken into in Las Vegas. Where are residents most at risk? Metro Police say ...

10 December 2015
By Pashtana Usufzy

Casino Christmas: Las Vegas resorts offer merchandise to loyalty card holders

Santa Claus and a helper glide through the Silverton's 117,000-gallon aquarium in December 2013. The Silverton is among several Las Vegas casinos that offer such merchandise as clothing, table ware, tools and bottles of wine and liquor to the resort's loyalty card holders.

It's a form of holiday shopping that isn't found just anywhere. Sign up for a loyalty card at a Las Vegas resort, and the resort may start offering you gifts — some of which can easily be wrapped up and placed under a Christmas tree or ...

10 December 2015
By Ric Anderson

California card clubs raided in massive illegal gambling probe

Authorities raided two card clubs on Wednesday and made arrests in seven states as they dismembered a massive illegal gambling operation that allegedly ran card games out of ...

9 December 2015
Associated Press

Congress scrutinizes bill outlawing online gaming in Nevada

Joseph Brennen of Ventnor, N.J., logs on to a Harrah's online casino on his laptop from a highway rest area in Egg Harbor Township, N.J. on Thursday, Nov. 21, 2013, the first day of a test of Internet gambling in New Jersey.

Congressional lawmakers took another intense look Wednesday at a controversial bill that would ban online gaming, including in Nevada and the other two states where it is already legal. The bill was discussed in a House Committee on Oversight and Government Reform hearing that focused largely on the legal and …

9 December 2015
By J.D. Morris

Faraday deal result of long push by governor and NLV leaders

An artist's rendering of a Faraday Future concept car.

Chinese-backed electric carmaker Faraday Future plans to build a $1 billion manufacturing plant in North Las Vegas, according to a letter the company sent Nevada officials Wednesday. The upstart, California-based automaker chose Nevada over three other ...

9 December 2015
By Megan Messerly

Why Las Vegas transportation leaders think the time is right for light rail

Armed with figures showing that traffic congestion throughout Las Vegas will become far more severe over the next two decades if local leaders do not make major changes to ...

9 December 2015
By J.D. Morris

Final part of Showcase Mall on Strip sold for $83 million

Investors have bought another chunk of Showcase Mall on the Strip, acquiring the southern-most section, whose retailers include Grand Canyon Experience, for roughly $83 million.

It took them more than a year, but a group of New Yorkers have completed their nearly $370 million buyout of Showcase Mall on the Strip. Jordache jeans founders the Nakash family and real estate investor Eli Gindi recently purchased the roughly 42,000-square-foot section of Showcase, which is known for ...

9 December 2015
By Eli Segall

Hawaii begins marketing the islands in Southeast Asia

This Dec. 26, 2011, photo shows the Mokulua Islands from a view on the Lanikai Pillboxes trail in Lanikai, Hawaii.

The Hawaii Tourism Authority this year hired a contractor to promote the state in Indonesia, Malaysia, Singapore and Thailand. Together, the four countries have ...

8 December 2015
By Audrey McAvoy, Associated Press

Steve Wynn buys 1 million shares of Wynn Resorts on open market

In this Thursday, Jan. 15, 2015, photo, Wynn Resorts CEO Steve Wynn delivers the keynote address at Colliers International Annual Seminar at the Boston Convention Center in Boston.

Steve Wynn has bought 1 million more shares of his namesake casino company's sagging stock on the open market. The Las Vegas-based company said Tuesday that Wynn, its chairman and CEO, now owns ...

8 December 2015
Associated Press

No word on special session for Faraday Future

An artist's rendering of a Faraday Future concept car.

Gov. Brian Sandoval said today negotiations are ongoing to bring Faraday Future to a North Las Vegas industrial park to build electric cars. Part of the negotiations ...

8 December 2015
By Cy Ryan

Holiday display sparks small fire at Forum Shops at Caesars

The Forum Shops at Caesars

An extension cord on a holiday display overheated and caused a small fire early today at the Forum Shops at Caesars, according to the Clark County Fire Department. The fire, which was small and ...

8 December 2015
By Jesse Granger

California’s newest airport terminal extends to Mexico

In this Wednesday, Nov. 25, 2015 photo taken in Tijuana, Mexico, vehicles pass under a walking bridge that connects the new Cross Border Xpress air terminal in San Diego, right, to the Tijuana International Airport, left. The new terminal is scheduled to begin operations on Wednesday, Dec. 9, 2015.

The U.S.-Mexico border is one of the world's most fortified international divides. Starting Wednesday, it will also be one of the world's only boundaries with an airport straddling two countries ...

7 December 2015
By Elliot Spagat, Associated Press

Uber offering rides at Las Vegas airport after reaching deal

A passenger at McCarran International Airport waits to be picked up, Monday, Nov. 8, 2010.

It is now possible to take an Uber to and from McCarran International Airport. Both Uber and an airport official confirmed Monday that ...

7 December 2015
By Daniel Rothberg

Labor Secretary Perez stumps for Clinton in Las Vegas

U.S. Secretary of Labor Tom Perez listens to business owners during a roundtable of small business owners and Las Vegas City Councilman Bob Coffin at Makers & Finders Coffee, 1120 S Main St., Monday Dec. 7, 2015.

Three days after endorsing Hillary Clinton in her race for president, U.S. Secretary of Labor Tom Perez faced tough questions Monday from members of the Culinary Union ...

7 December 2015
By Megan Messerly
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