Las Vegas Business News

Stratosphere parent reports big profit increase for first quarter

A view of the main entryway at the Stratosphere on Thursday, April 5, 2012.

The company that runs the Stratosphere, Arizona Charlie’s and the Aquarius in Laughlin reported its first-quarter earnings on Friday. The company said its net revenue boost stemmed from more slot revenue, better occupancy, higher average daily room rates and ...

18 May 2015
By J.D. Morris

Gavel hangs over housing market

Gavel hangs over housing market

The Las Vegas housing market is being hobbled by legal wrangling and disagreements over homeowners association foreclosure proceedings that have resulted in thousands of homes sitting empty and untouchable in legal ...

18 May 2015
By Howard Riell

Guest column: Contracts with gaming companies are a different animal

Gaming laws and policies affect contracts that gaming companies enter into with lenders, buyers, vendors and service providers ...

17 May 2015
Sonia Church Vermeys and Angela Turriciano Otto

The Data: May 17-23

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].

17 May 2015

From strawberries to s’mores, funnel cake business dishes out dessert in Las Vegas

Denette Braud owns Funnel Cake Cafe and has won the Urban Chamber of Commerce 2013 “Micro Business of the Year” and Bite of Las Vegas “Best Bites” awards.

The Funnel Cake Cafe is a mobile business specializing in gourmet funnel cakes, from the traditional strawberry and whip to the not-so-traditional bacon, banana split, peach cobbler, s’mores and more ...

17 May 2015
By VEGAS INC Staff

Toys R Us says it will close FAO Schwarz store in July

In this Nov. 21, 2011, file photo, shoppers stand outside FAO Schwarz in New York. Toys R Us is closing its iconic FAO Schwarz store, citing high and rising costs of running the retail space on New York City's pricey Fifth Avenue, the company said Friday, May 15, 2015.

Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue ...

15 May 2015
Associated Press

Blue Bell closing Las Vegas distribution center, laying off 1,450 companywide

In this April 10, 2015, photo, Blue Bell ice cream is for sale on a grocery store shelf in Lawrence, Kan. Blue Bell Creameries will lay off more than one-third of its work force after listeria illnesses linked to its ice cream that prompted a nationwide recall, the Texas company announced Friday, May 15, 2015.

Blue Bell Creameries says it will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted ...

15 May 2015
By Juan A. Lozano, Associated Press

Summerlin land prices keep rising, but homebuilders aren’t shying away

Land prices are rising in Summerlin, including the area within the Delano development off South Fox Hill Drive, shown Thursday, May 14, 2015.

Homebuilder Kent Lay knows all too well that Summerlin land isn’t cheap. His company, Woodside Homes, is paying double what it did a few years ago. It’s not alone. Land prices have been climbing at a faster rate in the sprawling Las Vegas community than in the valley at large, with the gap ...

15 May 2015
By Eli Segall

‘It’s like a big scavenger hunt’: Buyers find bargains, collectibles at Riviera

A sign advertises the liquidation sale Thursday, May 14, 2015, at the Riviera.

Price tags are affixed all over the Riviera now, and crowds poured in to inspect them today as the resort’s liquidation sale opened to the general public. The sale kicked off ...

14 May 2015
By J.D. Morris

Gaming, tech and solar team up to promote policy changes

Real estate experts Drew Scott, left, and Jonathan Scott, center, stars of the HGTV show "Property Brothers" and solar enthusiasts, help install Sunrun solar panels Saturday, Jan. 24, 2015, on their "smart home" in Las Vegas.

In response to a bevy of controversial energy issues emerging in the state, a coalition of gaming, tech and energy companies will align to promote more consumer choice in what’s shaping up to be ...

14 May 2015
By Kyle Roerink

Harry Reid: Raise the cap to allow more rooftop solar

Protesters chant during a rally in front of NV Energy on Wednesday, April 22, 2015, in Las Vegas. Hundreds of activists gathered outside NV Energy headquarters in Las Vegas to protest a state cap affecting rooftop solar installations and urge the Legislature to lift it.

The cap limiting how many homeowners in Nevada can provide solar power to the energy grid is “way too low,” said U.S. Sen. Harry Reid, the Democratic minority leader. Reid’s comments are the first from ...

14 May 2015
By Amber Phillips,
Kyle Roerink

U.S. prosecutors refile charges in FBI ruse case

Federal prosecutors in Nevada have added a conspiracy allegation and re-filed Internet bookmaking charges against a Malaysian businessman who won a recent court ruling that his rights were violated in an FBI search of ...

14 May 2015
By Ken Ritter, Associated Press

Loss down, casino revenue up at Cosmopolitan in first quarter

An exterior view of the Cosmopolitan hotel tower Monday, March 11, 2013.

This is the Cosmopolitan’s first full quarter under the control of its new owner, Blackstone Group, which took over the property late last year. The Cosmopolitan saw its biggest year-over-year quarterly improvement on ...

13 May 2015
By J.D. Morris

Riviera operators get initial approval to run Westgate

The operators of the shuttered Riviera are moving across the street. The state Gaming Control Board today granted its initial blessing for executives from Paragon Gaming ...

13 May 2015
By J.D. Morris

PUC legal brief opposes Switch’s plan to leave NV Energy

Switch SUPERNAP.

n an opinion expected to be widely disputed by both consumer groups and advocates of competitive energy marketplaces, the Nevada Public Utilities Commission's legal staff has ruled that a major digital technology company must pay $27 million to cut its ties with NV Energy and ...

13 May 2015
By Kyle Roerink

Developer Larry Siegel talks Grand Bazaar Shops, ‘dwell time’ and retail on the Strip

Larry Siegel, lead developer of the Grand Bazaar Shops, walks through the new retail project on the Strip, Wed., May 6, 2015.

The developers of the new retail plaza in front of Bally's on the Strip are betting that, with a not-so-ordinary property, they’ll grab shoppers and tenants in ...

13 May 2015
By Eli Segall

Want a piece of history? Riviera liquidation sale begins Thursday

The Riviera liquidation sale, which begins at 9 a.m. Thursday at the resort, will include gaming tables and other items from the casino.

Offerings include gaming tables, Serta pillow-top beds, flat-screen televisions, sofas, tables, bathroom fixtures, bar and restaurant furnishings ...

12 May 2015
By Brian Deka

Caesars Palace could face up to $20 million in federal fines

An exterior view of Caesars Palace.

Caesars Palace could face paying between $12 million and $20 million worth of fines stemming from a federal investigation into how the casino prevents or ...

12 May 2015
By Kimberly Pierceall, Associated Press

Verizon barges into online video, buying AOL for $4.4B

Specialist Ronnie Howard works at his post on the floor of the New York Stock Exchange, Tuesday, May 12, 2015. Verizon is buying AOL for about $4.4 billion, advancing the telecom's push in both mobile and advertising fields.

Verizon is buying AOL for about $4.4 billion, advancing the telecom's push in both mobile and advertising fields. The acquisition gives Verizon an entry into increasingly competitive online and mobile video. The New York company is ...

12 May 2015
Associated Press

MGM Resorts might rename, revamp its ‘underutilized asset’ Monte Carlo

A view of the Monte Carlo, June 6, 2013. Construction can be seen as the property works to redesign the entrance to the resort.

The opportunity arose with the planned opening of the Park, a new shopping and entertainment area that MGM Resorts is building between Monte Carlo and New York-New York. “I would say we look at that property with a more positive lens than just about any property we own right now,” CEO Jim Murren said ...

12 May 2015
By J.D. Morris
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