Las Vegas Business News

Town that Volkswagen built from scratch girds for trouble

In this photo taken on Sept. 29, 2015 people leave Volkswagen factory at Gate 17 in the city Wolfsburg, Germany. Thanks to Volkswagen, Wolfsburg boomed in West Germany’s postwar rebirth and today the town and the company are inseparable.

Wolfsburg is the town that Volkswagen built — literally put on the map in 1938 by the Nazis in pursuit of their dream of a "People's Car." The town rode the company's postwar boom to financial wealth and today the two are inseparable ...

Tribe in South Dakota to open nation’s first marijuana resort

Consultant Jonathan Hunt checks seedlings growing in the new marijuana growing facility on Flandreau Santee Sioux Reservation on Thursday, Sept. 24, 2015, in Flandreau, S.D. The project, according to the tribe, could generate as much as $2 million a month in profit. The first joints are expected to go on sale Dec. 31 at a New Year’s Eve party.

The Santee Sioux is opening the nation's first marijuana resort on its reservation in South Dakota. The experiment could offer a new money-making model for tribes nationwide seeking economic opportunities beyond ...

PokerStars, Full Tilt get OK for New Jersey online gambling

A computer screen in Atlantic City on Wednesday, Dec. 11, 2013, displays the homepage of PokerStars.com.

Gambling regulators on Wednesday took a big step toward growing the nascent online betting industry by approving the world's largest poker website to offer ...

Parties, discounts to mark start of pot sales in Oregon

Associates Rory Turnbull and Chris Hewitt prepare bags of marijuana buds for sale at Nature Scripts medical marijuana dispensary Wednesday, Sept. 30, 2015, in Murphy, Ore. The dispensary is one of many across the state preparing for the first day of retail legal sales starting Thursday.

Discounts on pot, free food for folks with the munchies and live music will usher in a historic day for Oregon and for marijuana advocates across the country on ...

Aetna hires former Caesars Entertainment CEO Gary Loveman

Caesars chairman, CEO and president Gary Loveman accepts the Palladium Society Award on behalf of Caesars Foundation and Caesars Entertainment during the UNLV Foundation Annual Dinner at the Bellagio in Las Vegas on Tuesday, October 9, 2012.

The former CEO of casino company Caesars Entertainment Corp. is joining health insurer Aetna. Gary Loveman will be an Aetna executive vice president and president of the company's ...

New Nevada tourism campaign aimed at Millennials

Nevada is launching a fresh tourism campaign focused on attracting Millennials to the state. The Nevada Commission on Tourism voted Wednesday to approve ...

New Caesars CEO ‘shocked’ gaming industry doesn’t do more to lure Millennials

Mark Frissora, CEO and president of Caesars Entertainment, takes part in a CEO round table at the Global Gaming Expo on Wednesday, Sept. 30, 2015, in Sands Expo Center.

New Caesars Entertainment Corp. CEO Mark Frissora, in his most high-profile appearance since taking the helm of the casino giant, said today that casinos can do more to spur technological advancements that attract younger customers. Frissora’s comments ...

Nevada gambling revenue down 1 percent in August

Gamblers play roulette at the Eastside Cannery on Boulder Highway in this file photo.

Nevada gambling revenue in August dropped a little more than 1 percent from a year earlier, pulled down by an ongoing slide in baccarat play linked to a wavering economy in China. The Nevada Gaming Control Board said Wednesday that ...

Outside gaming expo, table-game dealers push for smoke-free casinos

Opponents of smoking in casinos protest outside the Global Gaming Expo on Tuesday, Sept. 29, 2015, at Sands Expo and Convention Center.

Las Vegas dealers who picketed Tuesday morning outside the Global Gaming Expo say they can handle the occasional drunken customer or angry gambler losing bets. But there’s another ...

DraftKings CEO says less than 15 percent of his customers place sports bets

Jason Robins, CEO of DraftKings, speaks during a fantasy sports and sports betting panel Tuesday, Sept. 29, 2015, at the Global Gaming Expo. Moderator Tom Roche of Ernst & Young listens at left.

The relationship between regulated sports wagering and the booming daily fantasy sports industry, a widely debated subject, was explored but by no means settled at ...

Nevada taxable sales up 8 percent in July, beat forecast

The amount of taxable sales in Nevada jumped 8 percent in July compared with the same month a year ago ...

Ralph Lauren hands off CEO role to Old Navy executive

Designer Ralph Lauren, right, poses in his office with Stefan Larsson, global brand president for Old Navy, Tuesday, Sept. 29, 2015, in New York.

Ralph Lauren is handing off his CEO title of the fashion and home decor empire that he founded nearly 50 years ago. The New York-based company announced Tuesday that Stefan Larsson, who has been the ...

Illegal gambling threatens casinos, association leader says

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.

The persistence of illegal gambling in the United States is a major threat to the casino industry that must be addressed, the head of a major casino lobbying group said today. Geoff Freeman, president of the American Gaming Association ...

New-home sales are up from 2014, but report delivers bad news, too

A worker removes scaffolding from a Christopher Homes construction site in the Ridges Las Vegas, a luxury residential community in Summerlin, Thursday, June 11, 2015.

Las Vegas homebuilders are selling more houses than last year and ramping up construction plans, but a many issues still are weighing down ...

Southwest paid $120 million for 2 gates at Dallas airport

A Southwest Airlines plane sporting the newly unveiled paint color scheme sits outside a hanger after an event at Love Field Monday, Sept. 8, 2014, in Dallas.

Southwest Airlines is so intent on strengthening its grip over Dallas Love Field that it is paying United Airlines $120 million to control two more gates at ...

Oregon medical marijuana dispensaries gear up for rec sales

A marijuana dispensary displays a sign Monday, Sept. 28, 2015, in Portland, Ore. Nevada lawmakers modeled the state's "early start" recreational marijuana program after Oregon's. Permanent provisions won't be established until it expires Jan. 1, but the Clark County Commission is already discussing local rules that will align.

Oregon's medical marijuana dispensaries are getting ready for a watershed moment this week: when recreational pot users will also be able to buy weed at ...

German prosecutors investigate former VW boss

In this March 12, 2009 file photo Martin Winterkorn, chairman of the board of the Volkswagen group, during the annual press conference in Wolfsburg, northern Germany. Prosecutors said Monday, Sept. 28, 2015, they are opening investigations against Winterkorn on the suspicion of fraud by selling cars with with manipulated emission tests.

German prosecutors on Monday opened an investigation against former Volkswagen CEO Martin Winterkorn to establish what his role was in the emissions-rigging scandal that has shaken the world's largest automaker. The investigation will ...

Whole Foods to cut about 1,500 jobs over next 8 weeks

In this Monday, July 29, 2013, file photo, produce is placed on a Whole Foods paper bag in Andover, Mass.

Grocery chain Whole Foods is cutting about 1,500 jobs over the next eight weeks as it looks to lower prices and keep up with competition. The cuts represent about 1.6 percent of its workforce. But Whole Foods Market Inc. said ...

Beyond latest products, what to expect from this year’s Global Gaming Expo

People try out Bejeweled True 3D slot machines in the GTECH booth during the final day of the Global Gaming Expo (G2E) at the Sands Expo Center Thursday, Oct. 2, 2014.

The Global Gaming Expo, an annual gathering that brings together professionals from across the industry, starts today at the Sands Expo Center. As always, expect the conference — also known as G2E — to highlight the newest games ...

Less dim sum in the valley, but more sandwiches and barbecue

ChiAm Fast Casual Chinese and Dim Sum Restaurant, 6010 W. Craig Road, Suite 150, has temporarily closed with plans to reopen in October.

Two dim sum restaurants have shuttered in the Las Vegas Valley — one temporarily — as a sandwich joint sets up shop in Henderson. A home decor store is also settling into Henderson as a downtown barbecue business plans to fire up at a second location ...