Las Vegas Business News

The Data: March 8-14

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].

8 March 2015

Gentlemen, start your cash registers: NASCAR spells big bucks

Brad Keselowski celebrates in victory lane after winning the Kobalt 400 NASCAR Sprint Cup Series race Sunday, March 9, 2014, at Las Vegas Motor Speedway.

It’s the biggest sporting event in the state by attendance. When fans pack the Las Vegas Motor Speedway this weekend for the Kobalt 400 NASCAR Sprint Cup Series race and the ...

6 March 2015
By Pashtana Usufzy

Caesars seeks to demolish part of former Harrah’s in Tunica

In this May 12, 2014, photo, a few vehicles are parked in front of Harrah's Tunica casino in Robinsonville, Miss., before its closure in June 2014.

A division of Caesars Entertainment Corp. is asking a federal bankruptcy judge for permission to "dismantle and liquidate" part of its shuttered Harrah's casino complex in Mississippi's Tunica County. A Wednesday court filing said Caesars wants to remove five barges that hold a 136,000-square-foot casino in Buck Lake, an oxbow lake of the Mississippi River about 30 miles south of Memphis, Tennessee. Caesars didn't ...

6 March 2015
By Jeff Amy, Associated Press

Bitcoin bust: Poker site prompts raid, investigation by Nevada gaming authorities

Professional poker player Bryan Micon.

The promoter of an unlicensed online poker site where players gambled in Bitcoin says he was doing nothing wrong. But the Nevada gaming authorities ...

6 March 2015
By J.D. Morris

Elaine Wynn moves to renominate herself to Wynn Resorts board

Elaine Wynn speaks during a Las Vegas Metro Chamber of Commerce Business Power Luncheon on Wednesday, May 8, 2013, at the Rio.

Elaine Wynn pushed back at a decision to remove her from the board of her ex-husband’s resort company today, filing preliminary ...

5 March 2015
By J.D. Morris

MGM sets March 24 groundbreaking on $800M Massachusetts casino

A rendering shows the $800 million MGM Springfield in Massachusetts.

MGM outlined its construction schedule for an $800 million resort casino in Springfield on Thursday, starting with a March 24 groundbreaking. At a rare Springfield meeting for ...

5 March 2015
By Philip Marcelo, Associated Press

Bankrupt Caesars unit gets court’s approval to use cash, for now

The Forum Shops at Caesars Palace on Friday, May 18, 2012.

A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand for ...

4 March 2015
Associated Press

New, 90-foot sign going up at the Gramercy

Workers with Nevada Sign prepare to hoist part of a 90-foot sign at the Gramercy mixed-use development Tuesday, March 3, 2015.

A few weeks after imploding the Gramercy’s never-finished condo tower, developers are building another high-rise of sorts at the ...

4 March 2015
By Eli Segall

Bill would change overtime rules for lower-wage workers

Overtime pay is the subject of another legislative debate pitting employees against businesses. Lawmakers are working a bill that critics say ...

4 March 2015
By Kyle Roerink

Where you reside plays a role in how long you live

Where you reside plays a role in how long you live

Babies born today in the suburban southeast valley are projected to live 87 years. Life expectancy is only 71 years nine miles north, near the Strip. In West Las Vegas, life expectancy is 73 years.

4 March 2015
By Jackie Valley

New president at Venetian, Palazzo starts this month

John Caparella, who’s been president of the Venetian and Palazzo since 2011, is departing next month. He will be replaced by George Markantonis, who was most recently ...

3 March 2015
By J.D. Morris

BLM sells $10.7 million worth of sand, gravel

A yucca plant is surrounded by trash on undeveloped BLM land at the south end of Ann Road.

Sand and gravel can be used in the construction of highways, high-rise buildings, power plants, airport runways and bridges, among other things.

3 March 2015
By Eli Segall

Water rate hike OK’d for valley homes, businesses

In this April 16, 2013, file photo, the high water mark for Lake Mead is seen on Hoover Dam and its spillway near Boulder City.

Water rates are going up for valley homes and businesses to help pay for a new $650 million pumping station that will keep ...

3 March 2015
By Conor Shine

Wynn Resorts CEO Steve Wynn earned $25 million in 2014

Steve Wynn answers a question from the audience during his keynote speech at the Global Gaming Expo, G2E, about the Sands Expo on Tuesday, September 30, 2014. .

Steve Wynn may have recently taken a pay cut as CEO of Wynn Resorts Ltd. but no need for sympathy for the casino-hotel mogul. Wynn earned $25.3 million in 2014. That was nearly ...

3 March 2015
Associated Press

Caesars grows revenue, trims loss in fourth quarter of 2014

The High Roller.

Caesars Entertainment, the debt-saddled casino giant whose Strip properties include Caesars Palace, Paris and the Flamingo, announced its fourth-quarter and full-year earnings today ...

2 March 2015
By J.D. Morris

Summerlin land values climb to $518,000 an acre

This 2008 file photo shows Summerlin's Vistas village, an 800-acre European-inspired village that features community parks marked with 48-foot clock towers at its northern and southern entries.

Land values soared in Summerlin last year, with developers commanding higher prices for property amid the opening of the community’s long-delayed retail center. Howard Hughes Corp. sold 280 acres of land ...

2 March 2015
By Eli Segall

Wynn Resorts wants Steve Wynn’s ex-wife off board

Elaine Wynn speaks during a Las Vegas Metro Chamber of Commerce Business Power Luncheon at the Rio Wednesday, May 8, 2013.

Wynn Resorts Ltd.'s board of directors says it want Steve Wynn's ex-wife off the panel. In a financial filing Friday, the board said it would not re-nominate Elaine Wynn because of conflict-of-interest concerns and a legal complaint she has pending against her ex-husband and the company's CEO, Steve Wynn. The board says Elaine Wynn sent it a letter saying she will ...

2 March 2015
Associated Press

Sports betting contest expands reach with satellite tourneys

This 2015 file photo shows the Westgate Las Vegas.

A Las Vegas-based pro football sports betting contest is aiming to expand its reach much like the World Series of Poker did by offering free satellite tournaments. The sports book at Westgate Las Vegas announced Monday it has partnered with ...

2 March 2015
Associated Press

March Madness: With basketball, NASCAR and Spring Break, this is Las Vegas’ biggest month

March events are expected to draw more visitors to Las Vegas than any other month. Three-time boxing world champion Adrien Broner (left) will face John Molina Jr. on March 7 at the MGM Grand Garden Arena to kick off NBC's new broadcast boxing series, Premier Boxing Champions. Brad Keselowski (center) will defend his title in the Kobalt 400 NASCAR Sprint Cup Series event on March 8. Las Vegas is the only city to host four NCAA basketball conference championships (right).

With four college basketball conference championships hosted this month in Las Vegas, it’s no surprise that tens of thousands of fans will fly in and shell out big bucks to get in on the action. In fact, March Madness betting rivals Super Bowl betting at the sportsbooks. But March Madness in Las Vegas goes beyond basketball ...

2 March 2015
By Andrea Domanick

With federal programs, small businesses can land big contracts

Owners Racquel and Shawn Toyozaki pose at Advanced Pro Wednesday, Feb. 4, 2015. The company is in the last year of its 9-year contract with Nellis Air Force Base.

Federal money is available for local companies willing to dot their i’s and cross their t’s. Nellis Air Force Base is right here in our backyard, and 20 percent of the money it spends on contracts goes to local businesses. Getting that work can be tough, but the rewards can be great.

1 March 2015
By Danielle McCrea, Special to VEGAS INC
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