Las Vegas Business News

Analyst: Home sales picking up, but market still fragile

Las Vegas homebuilders started 2015 on a positive note, even though plenty of weak spots remain, an analyst said. Southern Nevada builders sold 355 new homes in January, down 12 percent from ...

20 February 2015

By Eli Segall

Tourism authority OKs $182.5 million purchase of Riviera

The Las Vegas Convention and Visitor Authority plans to use the site of the Riviera as part of a $2.3 billion Las Vegas Global Business District project, which includes a 1.8 million-square-foot expansion of exhibit and meeting space, shown here.

Las Vegas tourism officials today agreed to pay $182.5 million to buy the Riviera, paving the way for the closure and demolition of the nearly 60-year-old resort. At a special meeting ...

20 February 2015

By J.D. Morris

Second deal to sell Atlantic City’s shuttered Revel casino falls through

The Revel resort, right, is shown next to the closed Showboat on Monday, Sept. 1, 2014, in Atlantic City.

Another deal to sell Atlantic City's former Revel casino is dead. A bankruptcy judge on Thursday approved Revel AC's request to terminate a deal to sell the shuttered gambling resort to Florida developer Glenn Straub's Polo North Country Club for $95.4 million. The sale of the casino ...

20 February 2015

By Wayne Parry, Associated Press

Signs of life emerge at UNLV’s long-dormant technology park

After years of sitting dormant, UNLV's Harry Reid Research & Technology Park is finally breaking ground on two construction sites on Thursday, February, 19, 2015.

Today, with two tenants signed on for long-term leases and finally beginning construction, university officials are hoping to kickstart their vision of a research nexus that would connect the university’s brightest with eager high-tech ...

20 February 2015

By Ian Whitaker

Here’s what we know about the Cosmopolitan’s new leadership

William McBeath, president and CEO of the Cosmopolitan of Las Vegas, makes a few remarks Wednesday, Feb. 18, 2015, during an event celebrating the resort’s new ownership by Blackstone.

What changes are in store for the Cosmopolitan now that a new leadership team is in place? CEO William McBeath sat down with VEGAS INC to discuss what's coming, including ...

20 February 2015

By J.D. Morris

Analysis: Is construction-defect law stunting Nevada’s housing market?

An aerial view of a residential neighborhood in Las Vegas.

Las Vegas’ once-battered housing market has improved the past few years but remains riddled with problems such as foreclosures, underwater borrowers, flat wages and ...

20 February 2015

By Eli Segall

Second deal to sell costly Atlantic City casino falls through

A bankruptcy judge on Thursday approved Revel AC's request to terminate a deal to sell the shuttered gambling resort to Florida developer Glenn Straub's Polo North Country Club for $95.4 million ...

19 February 2015

By Wayne Parry, Associated Press

Half-million of Wal-Mart’s U.S. workers to get pay raises

In this May 9, 2013, file photo, a worker pushes shopping carts in front of a Wal-Mart store in La Habra, Calif.

The nation's largest private employer announced on Thursday that it's giving a raise to about half-million U.S. workers as part of a $1 billion investment that includes changes that Wal-Mart says are aimed at ...

19 February 2015

By Anne D'Innocenzio, Associated Press

Company that owns Las Vegas Review-Journal sold to New Media

New York-based New Media Investment Group Inc. says it has reached an agreement to purchase the company that owns the Las Vegas Review-Journal and daily newspapers in six other ...

19 February 2015

Associated Press

New pediatric clinic aims to help preemies

A child is evaluated for early-intervention services Tuesday morning at the Positively Kids Neopediatric Clinic, which opened earlier this month at 2480 E. Tompkins Ave. in Las Vegas.

The Positively Kids Neopediatric Clinic will serve children born at 32 to 37 weeks gestation to try to catch problems — and offer intervention — early.

19 February 2015

By Jackie Valley

Did Vice Media’s Shane Smith spend $300K on dinner at Bellagio?

Vice Media CEO and co-founder Shane Smith appears onstage at the 2014 Webby Awards on Monday, May 19, 2014, in New York.

Someone, or some people, recently paid a $300,000 check at a Bellagio restaurant. But MGM Resorts CEO Jim Murren didn’t say who when he mentioned the eye-popping meal in a conference call with ...