Las Vegas Business News

Cosmopolitan reports second straight quarterly profit

The Cosmopolitan.

The Cosmopolitan of Las Vegas reported its third-quarter earnings to the Securities and Exchange Commission today. This is the second quarter in a row that the typically money-losing resort has ...

13 November 2015
By J.D. Morris

SLS Las Vegas reports $38.7 million loss in 3rd quarter

An exterior view of SLS Las Vegas.

SLS Las Vegas reported its third-quarter earnings to the Securities and Exchange Commission today. The SLS has yet to overcome the challenge posed by its location on the far end of the north Strip, well removed from the foot traffic and visibility enjoyed by the resorts farther south. But the resort made some progress in the third quarter on the casino side, where revenue rose to $9.9 million from about $9.5 million in the second quarter and ...

13 November 2015
By J.D. Morris

Group behind Consumer Electronics Show is changing its name

Executives (L-R) CEA President and CEO Gary Shapiro, Xerox Chairman and CEO Ursula Burns, Ford Motor Company President and CEO Alan Mulally, and Verizon Enterprise Solutions President John Stratton participate in a CES Innovation Power Panel during the 2012 International Consumer Electronics Show (CES) in Las Vegas, Nevada, Jan. 11, 2012.

The Consumer Electronics Association, the 2,000-member trade group that organizes the Consumer Electronics Show in Las Vegas, unveiled a new name this week ...

13 November 2015
By Daniel Rothberg

How proposed trade alliance would impact Nevada

The Trans-Pacific Partnership — a major trade accord struck by President Barack Obama with 11 Pacific Rim nations in October — is far from a done deal, but it could have a major economic impact on Nevada. To highlight the economic advantages ...

13 November 2015
By Megan Messerly

Resorts World progress report: ‘A $4 billion project will not be built overnight’

Members of Resorts World and White Crane Lion Dancers welcome guests Tuesday, May 5, 2015, as the Malaysia-based Genting Group prepares to break ground on the $4 billion Resorts World Las Vegas property.

At first glance, the site of Resorts World Las Vegas may not look not much different today than it did months ago. But in the southwest corner of the site, far from its colorful wall of signage on Las Vegas Boulevard, lies evidence that ...

13 November 2015
By J.D. Morris

Q+A: Urban Chamber leader says international outreach is a key to growth

Ken Evans, the president of the Urban Chamber of Commerce, is shown at his office near Martin Luther King and Lake Mead boulevards, Thursday, Nov. 12, 2015.

In 2008, Air Force Lt. Col. Ken Evans was stationed in Iraq when he got a call from a civilian contractor about some stark economic news from ...

13 November 2015
By Eli Segall

Expecting warm embrace, REI chief is harangued in Reddit forum

CEO Jerry Stritzke at REI headquarters in Kent, Wash., Dec. 23, 2013, sees being head of REI as an opportunity to combine his retail expertise with a passion for the outdoors and "was really a dream come true."

Jerry Stritzke hosted a question-and-answer session on the website Reddit this week to discuss his decision to keep stores closed on Black Friday. But what was intended as an opportunity to bask in goodwill ...

13 November 2015
By Liam Stack, New York Times News Service

Barclaycard to add 300 positions at Henderson operation

Barclaycard executives, members of the Las Vegas Metro Chamber of Commerce and Henderson leaders take part in a ribbon-cutting ceremony marking Barclaycard's expansion in Henderson, Thursday, Nov. 12, 2015.

Barclaycard US announced plans today to hire 300 people as it expands its Henderson operations. “We have been thrilled by our experience in Southern Nevada and are pleased to ...

12 November 2015
By Pashtana Usufzy

Illinois Lottery ticket sales plunge after payout delay

In this March 29, 2012, file photo, a customer fills out a lottery form for the Mega Millions drawing in Chicago. Illinois Lottery ticket sales have plummeted since lottery officials announced delaying payouts over $600 because of the state budget impasse.

Illinois Lottery ticket sales dropped to the lowest point yet this year in October, the same month lottery officials announced they were delaying payouts over $600 because of the state budget impasse, according to data obtained Thursday by The Associated Press. Sales for most tickets, including instant games and ...

12 November 2015
By Sophia Tareen, Associated Press

New company, Get Me, to offer rides, deliveries in Las Vegas

The logo for the ride-hailing and delivery company Get Me, which launches in Las Vegas Thursday, Nov. 12, 2015.

Ride-hailing companies Uber and Lyft and courier PostMates could soon have a competitor nipping at their heels in Las Vegas ...

12 November 2015
By Daniel Rothberg

Allegiant pilot says he was wrongly fired over evacuation

In this Thursday, May 9, 2013, file photo, two Allegiant Air jets taxi at McCarran International Airport in Las Vegas.

A pilot who ordered an emergency evacuation after smoke was detected coming from one of the jet's engines is suing Allegiant Air for firing him. The 43-year-old pilot says ...

12 November 2015
By David Koenig, Associated Press

Merger produces big revenue growth, lower profit for IGT in 3rd quarter

An exterior view of International Game Technology headquarters at 6355 S. Buffalo Drive on Thursday, Aug. 13, 2015.

International Game Technology, a major slot machine and lottery company, reported its third-quarter earnings today. The company in its current form was created by a $6.4 billion merger of the Italian lottery operator Gtech and ...

12 November 2015
By J.D. Morris

Barrick Gold to sell Nevada mine stakes for $720 million

Barrick Gold Corp. is selling its interest in some Nevada mines for $720 million in cash to help pare debt and focus more on core parts of its business. The Toronto-based company said Thursday that ...

12 November 2015
Associated Press

New recycling facility doubles region’s ability to divert trash from landfill

A look inside Republic Services Recycling Center on Friday, Nov. 6, 2015, in Las Vegas.

Slowly but surely over the years, Southern Nevadans have learned to recycle much of their trash, to the point where the region’s primary waste disposal company, Republic Services, couldn’t handle it all and had to send recyclables to its desert landfill instead. The company has now caught up ...

12 November 2015
By Tom Gorman

States of mind: Why fantasy sports biz reacted differently to NY, NV rulings

In this Wednesday, Sept. 9, 2015, photo, an employee in the software development department of DraftKings, a daily fantasy sports company, walks past screens displaying the company's online system stats in Boston.

The state of New York on Tuesday followed in Nevada’s footsteps when its attorney general determined that the two leading daily fantasy sports companies are gambling operations, but the fallout of that decision seems notably more intense than it has been in the Silver State. When the Nevada Gaming Control Board announced ...

12 November 2015
By J.D. Morris

Safety through technology: Las Vegas startup out to protect teen drivers

Executives from Cox Business present Text Safe Teens CEO Leon Wilde, middle, with a prize check after the company won a pitch contest in October.

A Las Vegas-based startup is tackling distract driving among teenagers with an application designed to help keep teens' focus away from their phones while they're behind the wheel. The app allows parents to ...

12 November 2015
By Daniel Rothberg

Why the toy industry is having its best year in a decade

In this Sept. 29, 2015, photo, Kenzie Nakamoto, 4, plays with toys from Hexbug at the TTPM Holiday Showcase in New York. The U.S. toy industry is expected to have its strongest year in over a decade, with anything "Star Wars," robotic and life-like pets expected to drive holiday sales.

The U.S. toy industry is expected to have its strongest year in at least a decade after several years of kids choosing videogames and mobile apps over ...

12 November 2015
By Anne D'Innocenzio, Associated Press

Gaming association will search for ‘rational alternative’ to sports betting law

Calling it a “major shift” in the casino industry’s approach to gambling on sports, the American Gaming Association today revealed plans to assemble a group focused on ...

11 November 2015
By J.D. Morris

Patchwork of laws poses legal quicksand for fantasy sports

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.

The New York attorney general's decision that daily fantasy sports betting sites FanDuel and DraftKings are illegal gambling operations in his state is a major blow to the companies, but the multibillion-dollar industry could ...

11 November 2015
By Gene Johnson, Associated Press

Fontainebleau on north Strip for sale

A view of the stalled Fontainebleau resort Wednesday, Jan. 22, 2015, on Las Vegas Boulevard South.

The unfinished Fontainebleau resort, which has sat idly on the north Strip for years, is for sale. The commercial real estate firm CBRE announced today that ...

11 November 2015
By J.D. Morris
« Older Newer »