Las Vegas Business News

Construction of Lucky Dragon resort advancing on ‘aggressive schedule’

Construction continues at the Lucky Dragon Hotel & Casino Site in Las Vegas, Nev. on September 11, 2015.

The Lucky Dragon has progressed largely under the radar, but Penta Building Group celebrated the completion of the hotel structure Friday and offered a glimpse inside ...

11 September 2015
By J.D. Morris

Court approves interim financing for Haggen grocery

Several Vons and Albertsons stores across the valley were converted into Haggen grocery stores in June.

Grocery chain Haggen has been granted the right to borrow up to $215 million, two days after it filed for Chapter 11 bankruptcy. The Oregonian reports that documents filed in the U.S. District bankruptcy court ...

11 September 2015
Associated Press

North Las Vegas’ Park Highlands project would be impressive comeback tale

North Las Vegas master-planned community Park Highlands went bankrupt twice before a single house was built around North 5th Street just north of the 215 westbound lanes on Thursday, September 10, 2015. The owners have split the project in half with one group resuming work on its portion but the other group not.

Developer Gregg Wolin has been in the real estate business for 25 years, but few projects have tested his “humanity” and “ethical fiber” as much as Park Highlands in North Las Vegas. The sprawling development ...

11 September 2015
By Eli Segall

New York state OKs $15 minimum wage for fast-food workers

Activists calling for a higher minimum wage for fast-food workers gather to hear a state panel’s decision on the matter, in New York, July 22, 2015. The panel recommended that the minimum wage for fast-food workers be set at $15.

New York state will gradually raise the minimum wage for fast-food workers to $15 an hour — the first time any state has ...

10 September 2015
By Deepti Hajela and David Klepper, Associated Press

Idaho high court upholds law banning horse racing terminals

This March 5, 2015, photo shows video gaming terminals at Les Bois Park in Garden City, Idaho. Idaho's highest court says the state must enforce legislation banning lucrative instant horse racing terminals after ruling that Gov. C.L. "Butch" Otter's veto of the bill was invalid.

Idaho's highest court says the state must enforce legislation banning lucrative instant horse racing terminals after ruling that Gov. C.L. "Butch" Otter's veto of the bill was ...

10 September 2015
By Kimberlee Kruesi, Associated Press

Air Force to condemn land near Area 51 after sale talks fail

The Groom Mine, a privately held plot of land in Nevada Test and Training Range.

Arguing it has exhausted all options, the Air Force instructed the Department of Justice today to condemn the 400-acre Groom Mine owned by a Henderson family. The parcel sits within ...

10 September 2015
By Daniel Rothberg

Slot players hit $1 million-plus jackpots at Fiesta Henderson, Caesars Palace

A woman visiting the Fiesta Henderson for the first time last week hit a $1.9 million jackpot on the Zoltan’s Fortune slot machine. The ...

10 September 2015
By J.D. Morris

Las Vegas developer turned Hollywood mogul had his share of highs, lows

Las Vegas real estate developer Merv Adelson is shown with his wife, television newscaster Barbara Walters, in November 1986.

Merv Adelson, who built Sunrise Hospital and Nathan Adelson Hospice during his years in Las Vegas and later was married to celebrity newswoman ...

9 September 2015
By Ed Koch

Las Vegas climbs in housing confidence rankings

Homes for sale are shown in the Villas at Black Mountain development near Horizon Ridge Parkway and Gibson Road in Henderson Wednesday, June 1, 2011.

Amid slumping confidence nationally, Las Vegas has moved up a list measuring faith in the housing industry, as more renters plan to buy in the next year and more owners feel that ...

9 September 2015
By Eli Segall

Union criticizes Palms decision to ‘outsource’ more than 200 jobs

An exterior view of the Palms Casino Resort, June 6, 2013.

A third party company will take over some of the food and beverage outlets at the Palms resort, a change a Las Vegas union says threatens the jobs of hundreds of people who ...

9 September 2015
By J.D. Morris

Switch invests $10 million in STEAM educational software company

Switch, the Las Vegas-based data company, invested $10 million in an exploration-based learning venture led by a former president of the National Geographic Society, according to a news release Wednesday. The funds will allow the company, Planet3, to launch software that will allow students to learn about ...

9 September 2015
By Daniel Rothberg

Haggen grocery store chain files for bankruptcy protection

Several Vons and Albertsons stores across the valley were converted into Haggen grocery stores in June.

The small grocery-store chain Haggen, which recently expanded in the Las Vegas area, has filed for bankruptcy protection. The Bellingham Herald reports ...

9 September 2015
Associated Press

August used-home sales down from July, up from last year

A house is shown for sale in Henderson.

Las Vegas used-home sales dropped and prices were flat in August compared to July. But compared to the same time last year, business was up, a new report shows. The median sales price ...

9 September 2015
By Eli Segall

Fun not fuel-saving focus in Las Vegas debut of new Toyota Prius

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

Where does a practical car like the Toyota Prius go to reinvent itself? The same place many people go to let loose and have fun: Las Vegas. Brightly-lit displays on a Las Vegas Strip rooftop-turned-nightclub reminded ...

9 September 2015
By Kimberly Pierceall and Tom Krisher, Associated Press

Public hearing set on Southwest Gas increase

The state Public Utilities Commission has set Sept. 15 to hear consumer feedback on proposed rate increases for Southwest Gas customers in Southern and Northern Nevada that would ...

9 September 2015
By Cy Ryan

NV Energy customers poised to receive $110 million rebate

NV Energy will rebate $110.8 million to customers on their power bills in October, according to the company’s Public Utility Commission filings. Residential customers could see $2 to $3 knocked off their bills, while large customers like hotels and casinos could ...

9 September 2015
By Kyle Roerink

Wahlburgers to open in late 2015 on the Strip

Donnie Wahlberg, from left, Paul Wahlberg and Mark Wahlberg attend the Wahlburgers Coney Island preview party on Tuesday, June 23, 2015, in New York.

The Strip is getting another big celebrity-backed restaurant later this year. Grand Bazaar Shops, the outdoor shopping area in front of Bally’s that opened this year, announced today that a Wahlburgers restaurant will open ...

9 September 2015
By J.D. Morris

Caesars Palace to pay $9.5 million in fines for money laundering violations

One of the many sculptured angels is shown at Caesars Palace on Wednesday, Aug. 5, 2015.

The Treasury Department’s Financial Crimes Enforcement Network today announced Caesars Palace will pay $8 million for “willful and repeated violations” of federal anti-money laundering law. A.G. Burnett, chairman of the Nevada Gaming Control Board, said Caesars Palace will pay the state a separate $1.5 million penalty for the same violations ...

8 September 2015
By J.D. Morris

Brighter days are in forecast for One Summerlin building

A look at One Summerlin office tower, 1980 Festival Plaza Drive, on Monday, Sept. 7, 2015, at Downtown Summerlin.

Las Vegas’ office market is still slumping from the recession, and at first glance, the pricey new building in Downtown Summerlin seems bogged down with it. The office sector has a roughly 20 percent vacancy rate, higher than all other types of commercial property, and the nine-story ...

8 September 2015
By Eli Segall

Openings & Closings: The Forum Shops add boutique, Dr. Seuss exhibition; French cafe now open

A crowd gathers for the grand opening of The Golden Tiki.

A French cafe joined the valley’s cuisine offerings this month, and The Forum Shops at Caesar’s Palace now are home to both a Dr. Seuss exhibit and a fashion boutique. Also ...

8 September 2015
By Adwoa Fosu
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