Las Vegas Business News

Revenue and earnings rise for Penn National, which is buying Tropicana

The exterior of the Tropicana on the Las Vegas Strip.

President and CEO Timothy Wilmott reiterated in a statement today that his company expects to complete its two-phase plan for the Tropicana in the next three to five years ...

23 July 2015
By J.D. Morris

Casino deal is latest to separate gambling from real estate

This 2011 file photo shows Pinnacle Entertainment's Ameristar Casino in Vicksburg, Miss.

A deal involving Pinnacle Entertainment is the latest example of a casino company separating its gambling operations from its real estate to generate cash. Las Vegas-based Pinnacle ...

23 July 2015
By Kimberly Pierceall, Associated Press

Golden Gaming merger gets final Nevada regulatory approval

Blake Sartini in the Gold Bar, a private enclave in Golden Gaming headquarters, on Thursday, Feb. 2, 2012.

Golden Gaming, the company behind the PT’s tavern chain, three Pahrump casinos and many of the slot machines inside Nevada grocery stores, will soon become a publicly traded business that also ...

23 July 2015
By J.D. Morris

Unfilled state regulatory jobs could delay medical marijuana openings in Las Vegas

In this photo taken Saturday, April 25, 2015, Nevada Sen. Tick Segerblom and Ronald Dreher, government affairs director for Peace Officers Research Association of Nevada, pass by an area with marijuana plants under cultivation as Nevada lawmakers, their staffers and lobbyists toured two retail and grow operations for medical and recreational marijuana in northeast Denver.

Dozens of medical marijuana businesses in Las Vegas could face delays in their opening dates. The state isn’t rethinking the law that legalized the growth and sale of cannabis for ...

23 July 2015
By Conor Shine

San Diego’s Daily Transcript to close after nearly 130 years

The San Diego Transcript building in seen in San Diego, Calif., on Wednesday, July 22, 2015. The Daily Transcript of San Diego said Wednesday it will publish its last edition Sept. 1, ending a nearly 130-year run in the newspaper business.

The Daily Transcript of San Diego said Wednesday it will publish its last edition Sept. 1, ending a nearly 130-year run in the newspaper business ...

22 July 2015
Associated Press

Hilton closes longtime casino in Puerto Rico

One of Puerto Rico's biggest and best known casinos closed Wednesday after 40 years of operation in another blow to the U.S. territory's struggling economy. The Condado Plaza Hilton laid off ...

22 July 2015
By Danica Coto, Associated Press

Home purchases by investors in Las Vegas now on par with national rate

A view of a neighborhood with three-story homes in Las Vegas, April 4, 2013.

Institutional investors — those who purchase at least 10 homes annually — bought 1.9 percent of homes sold in the Las Vegas area in the first half of the year. That’s down from ...

22 July 2015
By Eli Segall

New York acts on $15 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.

The labor protest movement that fast-food workers in New York City set off nearly three years ago has led to higher wages for workers all across the country. On Wednesday, it paid off for ...

22 July 2015
By Patrick Mcgeehan, New York Times News Service

Las Vegas Sands’ earnings drop 30 percent as Macau problems reverberate

Las Vegas Sands Corp. owns the Venetian and Palazzo.

CEO Sheldon Adelson admitted in a statement that the high-end gaming market in Macau was particularly challenging, but he said his company is focused on the mass market and nongaming segments ...

22 July 2015
By J.D. Morris

Judge rules Caesars can be sued while unit in bankruptcy; stock tumbles

An exterior view of Caesars Palace.

Judge Benjamin Goldgar decided Wednesday that the casino giant won't be immune to litigation, unlike its Caesars Entertainment Operation Co. unit, which filed for bankruptcy in mid-January in hopes of shedding $10 billion worth of ...

22 July 2015
By Kimberly Pierceall, Associated Press

Gordon Silver’s move leaves Hughes Center with swanky, 54,000-square-foot vacancy

The Gordon Silver law firm has moved into an office building at 500 N. Rainbow Blvd., as seen Saturday, July 18, 2015.

With stone flooring, glass conference-room walls, a private stairwell and a lounge with ventilation that sucked the cigar fumes from the room, the high-rise headquarters of law firm Gordon Silver conveyed a message of success. It cost a lot to look that good and live that large. But Gordon Silver, hollowed out by waves of defections this year, has moved across town, leaving a gaping hole in ...

22 July 2015
By Eli Segall

Company with Romo ties sues NFL over canceled fantasy event

Dallas Cowboys quarterback Tony Romo smiles as he walks off the field during an NFL-organized team activity Wednesday, July 21, 2015, in Irving, Texas.

A company partly owned by Tony Romo is suing the NFL over a canceled fantasy football event that was to involve the Dallas quarterback and other star players in ...

21 July 2015
By Schuyler Dixon, Associated Press

Now defunct, what happened to downtown startup Shift’s 100 Teslas?

Shift CEO Zach Ware says the startup's Tesla order actually undermined his goal of bringing car-sharing to downtown Las Vegas.

In 2013, downtown Las Vegas car-sharing company Shift made news for placing the largest U.S. order in Tesla history: 100 Model S luxury sedans. Earlier this year, Shift closed up shop, leaving one, glaring question: What happened to all those Teslas?

21 July 2015
By Daniel Rothberg

Budding entrepreneurs soak in knowledge at V2V tech conference

Attendees of the V2V conference are shown at the Bellagio, Monday, July 20, 2015.

You could be one drink away from your next idea. That was the tagline on paper coasters bartenders were handing out at the opening party Sunday night for V2V, South by Southwest’s third boutique conference in ...

20 July 2015
By Daniel Rothberg

Despite hurdles, 2015 has been kind to Southern Nevada homebuilders

A sign is shown at a Ryland Homes subdivision at Buffalo and Diablo drives in the Southwest valley Sunday, April 5, 2015.

Local builders sold 633 new homes last month, bringing the year’s total to 2,993, up 10.7 percent from the same period in 2014, according to Las Vegas-based Home Builders Research ...

20 July 2015
By Eli Segall

Property owners displaced by Project Neon hold out for more compensation

Land on a section of Western Avenue in Las Vegas is needed for widening of I-15 and the addition of a new ramp to the Spaghetti Bowl to connect the I-15 express lanes directly to the high-occupancy vehicle lanes on U.S. 95.

An industrially zoned dirt lot next to the noisy I-15 may not seem like prime real estate, but in the context of Project Neon, a multibillion-dollar overhaul of 3.7 miles of ...

20 July 2015
By Adelaide Chen,
Cy Ryan

Doubling plant size still possible for Tesla

Tesla Motors is remaining coy about whether a purchase of thousands of additional acres of land in northern Nevada means the company will build a bigger gigafactory. The Reno Gazette-Journal reports that the original plans ...

20 July 2015
Associated Press

The Data: July 19-25

All of the information your business needs: Bid opportunities, bankruptcies filed and building permits issued. To add to our data, email us at [email protected].

20 July 2015

CEO wants to bring downtown out of the ’70s

Jim Simms, who recently became CEO of Downtown Grand, has plans to generate awareness about the resort’s offerings.

Jim Simms remembers the moment, about 16 years ago, when he was a newly hired casino marketing official at Paris Las Vegas. He was walking along Le Boulevard at the then-new hotel, just past ...

20 July 2015
By John Katsilometes

Marketing campaign aims to boost lagging Dot Vegas registration

The .vegas top-level domain was launched in September 2014 and has registered about 15,000 domain names.

Of the 15,000 .vegas websites purchased, about 80 percent of registrants are in the Las Vegas area. Not all .vegas domain purchasers, though, have motives related to marketing or commerce. Danny Ballard, who runs Fat Beard LLC, a web development firm, encourages clients to claim .vegas domains to protect their brand names from cybersquatters. And some larger companies have registered .vegas domain names. Google, for example, is the registered owner of google.vegas, and software company Atari Inc. is the owner of atari.vegas ...

20 July 2015
By Daniel Rothberg
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