Las Vegas Business News

Report: Tesla meeting hiring, investment requirements for gigafactory

Tesla Motors’ Reno gigafactory has hired nearly 600 Nevada residents since construction began last year, according a report from the Governor’s Office of Economic Development. The lithium-ion battery plant ...

24 June 2015
By Daniel Rothberg

Massachusetts’ first slots parlor opens to eager gamblers

The Heisman Trophy won in 1984 by Boston College quarterback Doug Flutie is displayed at Plainridge Park Casino in Plainville, Mass., Tuesday, June 23, 2015. The casino, a slot machine parlor, opened Wednesday, June, 24, 2015. The Plainridge Park Casino represents the first gambling destination to open since state lawmakers approved a casino law in 2011.

The start of casino gambling in Massachusetts kicked off Wednesday as the state's first slots parlor, Plainridge Park Casino, officially opened for business to a large and eager crowd of gamblers. Hundreds of special guests cheered as casino officials and state gambling regulators cut a ceremonial ribbon held by two women dressed like Las Vegas showgirls. "It's showtime!" state Gaming Commission Chairman Stephen Crosby declared, calling it ...

24 June 2015
By Philip Marcelo, Associated Press

Ikea raises minimum wage for U.S. workers 2nd year in a row

The Ikea logo is shown on the side of the warehouse-sized store during the grand opening of New York City's first Ikea on Wednesday, June 18, 2008, in the Red Hook section of Brooklyn. The company plans to open its first Nevada store in the Las Vegas-area.

Ikea's U.S division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce ...

24 June 2015
By Anne D'Innocenzio, Associated Press

Clark County unemployment hits lowest level since 2008

The state Department of Employment, Training and Rehabilitation reported Tuesday that there were an estimated 68,862 jobless people compared with 73,600 in April, when the rate was 7.2 percent ...

23 June 2015
By Cy Ryan

Merger deal involving Las Vegas-based Sartini Gaming moves ahead

Shareholders in the parent company of the Rocky Gap Casino Resort near Cumberland, Maryland, have approved a proposed merger with Las Vegas-based Sartini Gaming Inc. Lakes Entertainment Inc. of Minnetonka, Minnesota, announced ...

23 June 2015
Associated Press

Allegiant Air adding Florida flights from Rochester in October

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

Nevada-based Allegiant Air says it will start non-stop service from Rochester to Fort Lauderdale, Florida, this fall. The discount air carrier owned by Allegiant Travel Co. and Monroe County officials announced ...

23 June 2015
Associated Press

Two years after getting green light, why hasn’t marijuana industry sparked to life?

In this Thursday, Dec. 5, 2013, photo, marijuana matures in ideal conditions at the Medicine Man dispensary and grow operation in northeast Denver.

Not a single gram of marijuana has been sold by any Nevada dispensary, despite it being two years since the Legislature approved a system of growing facilities and ...

23 June 2015
By Conor Shine

Reno bets Tesla gigafactory will erase image as downmarket Las Vegas

Tesla Motors CEO Elon Musk speaks at a press conference after Nevada was chosen as the new site for a $5 billion car battery gigafactory, which will be built east of Reno. Several hundred people attended the media event at the Capitol in Carson City, Nev., on Thursday, Sept. 4, 2014. (AP Photo/Cathleen Allison)

Elon Musk’s sprawling factory outside Reno, Nevada, won’t start making batteries until next year, and local residents are already talking up the “Tesla effect.” Tesla employees have begun relocating from ...

22 June 2015
BloombergBusiness

Martha Stewart Living acquired for $353 million

Martha Stewart hosts a book signing for her new book Dinner at Home at Williams-Sonoma in Las Vegas on Dec. 8, 2009.

Martha Stewart single-handedly changed the game for home decorating and cooking in the late 1990s, becoming the "it" designer for all things domestic. But the announcement on Monday of an acquisition of her media and merchandising empire in a deal that ...

22 June 2015
By Anne D'Innocenzio, Associated Press

New shops for Tivoli Village, Container Park; Summerlin diamond store moves

Downtown Beauty Company

Downtown Container Park and Tivoli Village seemingly can’t be stopped: Both have new shops opening this month. Plus, a noodle restaurant opens in the Silverton and ....

22 June 2015
By Adwoa Fosu

Chain invasion: Tourist-driven economy ideal for fast-food restaurants

The grand opening of White Castle at the Best Western Plus Casino Royale on Tuesday, Jan. 27, 2015, on the Las Vegas Strip.

White Castle opened its doors on the Strip at the end of January, then had to shut them less than 24 hours later because staff couldn’t keep up with the frantic demand of 4,000 burgers per hour. The recent arrivals of White Castle and Shake Shack — and others such as Chick-fil-A and possibly Cracker Barrel on their heels — could be a sign that ...

22 June 2015
By Howard Riell

Guest column: Don’t believe the myths about SBA loans

SBA 504 loans are a great way to help small-business owners buy, build and improve commercial real estate. Here are five common misconceptions about SBA loans ...

21 June 2015
Ann Santiago

Any day can be April Fool’s with this prankster tourist attraction

Scott Jason owns and operates I Got Married in Vegas! Just Kidding, which creates elaborate pranks for customers to trick friends and family.

For fake wedding to fool family and friends, “I Got Married in Vegas! Just Kidding” can provide an Elvis officiant to conduct the ceremony, a ring exchange, a pronouncement and even a fake marriage license with all of the couple’s information. A variety of photos are taken during and after the ceremony against a green screen, and customers receive prints as well as electronic images that can be uploaded instantly...

21 June 2015
By VEGAS INC Staff

Casinos are improving their efforts to fight money laundering, Treasury official says

The casino industry has improved its efforts to keep illegal money off the casino floor, said Stephanie Brooker, director of the enforcement division of the Treasury Department’s Financial Crimes Enforcement Network.

The gaming industry’s fight against criminals who want to use casinos to disguise illegal money was front and center Thursday at the Paris resort. There, industry leaders and ...

19 June 2015
By J.D. Morris

Boyd Gaming pledges $2.5 million for UNLV hotel college building

A look at the Boyd Gaming office building.

Las Vegas-based Boyd Gaming announced today that it will spend $2.5 million to expand the hotel college at UNLV. The money will pay for ...

18 June 2015
By J.D. Morris

Allegiant board will return intact; investors reject proposal to curb executive pay

An Allegiant Air jet takes off from McCarran International Airport on Friday, Aug. 26, 2011.

The board members' elections were far from unanimous. Linda Marvin, chairwoman of the audit committee, got “yes” votes from investors representing about 10.3 million of Allegiant’s roughly 17 million shares, by far the fewest of any board member ...

18 June 2015
By Eli Segall

McDonald’s to shrink in U.S., first time in decades

McDonald's in the plaza between Harrah's and Casino Royale

The burger chain that put "supersize" into the American vernacular is slimming down. For the first time in more than 40 years, and perhaps ever, McDonald's says its number of restaurants in ...

18 June 2015
By Candice Choi, Associated Press

Phone app lets Starbucks customers order, pay in advance

In this May 31, 2014, photo, a woman holds a coffee drink outside a Starbucks in downtown Chicago.

It seems like there’s a Starbucks on every corner in Las Vegas. But in case that’s not enough, the coffee franchise is making it even easier for Southern Nevadans to feed ...

17 June 2015
By Kailyn Brown

Allegiant board members under scrutiny for approving contracts with CEO’s side businesses

Maurice Gallagher, chairman and CEO of Allegiant Travel Co., has stakes in various ventures outside the airline industry.

CtW Investment Group is asking Allegiant investors to vote out half the six-member board of directors at the ultra-low-cost carrier’s annual shareholders meeting Thursday. The firm, which works with union-sponsored pension funds, cited the three directors’ “collective failure to guard against” the “poor use” of company money ...

17 June 2015
By Eli Segall

Kerkorian to get MGM Resorts, Fremont Street tributes

MGM Resorts International says flags will fly at half-staff and video tributes to the company's founder Kirk Kerkorian will play on marquees at all of its properties through sunset Wednesday ...

16 June 2015
Associated Press
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