Las Vegas Business News

People on the Move: Oct. 24, 2022

In the Notes: Jessica Hernandez, Ashley Cavalli, Lisa Bonner, Geovanni Villalta, Leslie Hare, Robin Lee and more ...

Report: Magic Johnson pursuing minority ownership stake in Raiders

 In a Tuesday, Aug. 23, 2016, file photo, former Los Angeles Lakers star Magic Johnson speaks at a groundbreaking ceremony for a stadium that will be home to the Los Angeles Football Club in Los Angeles.

Semafor reports a potential transaction could set a record for sports franchise deals. It’s unknown what percent of the team Johnson’s group is negotiating to acquire.

U.S. awards $2.8B for EV batteries in Nevada, 11 other states

An employee works in the X3, X45 assembly hall at the BMW Spartanburg plant in Greer, S.C., Oct. 19, 2022. BMW said Wednesday, Oct. 19, that it will invest $1 billion in its sprawling factory near Spartanburg, to start building electric vehicles and an additional $700 million to build a battery plant nearby.

The Biden administration on Wednesday awarded $2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies ...

Gambler wins nearly $497,000 at Las Vegas Strip casino

An exterior view of Bally's on the Las Vegas Strip Dec. 26, 2017.

An anonymous gambler won $497,000 on Saturday when they hit a royal flush playing Three Card Poker at ...

Las Vegas casinos, late to the cashless game, appear ready to capitalize with young players

Rob Salassi, IGT senior project manager, demonstrates IGT's cashless gaming app during Global Gaming Expo (G2E) at the Venetian Expo Tuesday, Oct. 11, 2022.

As transactions have steadily moved away from cash in nearly all facets of commerce in the U.S., the casino industry has generally been a bit slower to adapt.

Even as Station Casinos celebrates Durango Resort construction milestone, company eyes next project

The Durango Casino & Resorts celebrates the topping off with the placement of the final beam on the 15th floor, the highest point of the structure Friday Oct 7, 2022.

To people driving past it, the Durango Casino & Resort might not look like much yet. The property is still under construction, the main building only a shell of what it will be when it’s completed in ...

The Notes: Philanthropy, Oct. 17, 2022

In the Notes: Taylor’s Gift Foundation, Nevada Donor Network, Navarro Research and Engineering Inc., Communities In Schools of Nevada, Shania Kids Can Foundation, Junior Achievement of Southern Nevada and more ...

Las Vegas brewers hope CO2 issues don’t leave beers flat

A bartender pours a glass of 6 Feet Under at the Lovelady Brewing Company in downtown Henderson Thursday, April 14, 2022.

A shortage of carbon dioxide, a tasteless gas that puts the fizz in beer and is vital to the brewing process, is driving up costs for some Las Vegas-area craft breweries.

G2E Las Vegas gaming trade show attendance close to 2019 figure

Attendees walk past a Merkur Gaming booth during the Global Gaming Expo (G2E) in the Venetian Expo Tuesday, Oct. 11, 2022.

The attendance total for this year’s annual Global Gaming Expo in Las Vegas nearly matched the convention’s 2019 pre-pandemic figure, according to show organizers.

Mandalay Bay Convention Center undergoing $100 million remodel

A view of the Mandalay Bay Friday, July 24, 2015.

Mandalay Bay is spending $100 million to upgrade its convention center with new technology and create a “tropical ambiance,” according to parent company MGM Resorts International. "With Mandalay Bay home to ...

Safety, security remain top priorities, Las Vegas resort executives say at conference

Circa casino owner Derek Stevens, left, and Wynn Resorts CEO Craig Billings participate in a panel discussion with gaming executives at Global Gaming Expo (G2E) in the Venetian Expo Tuesday, Oct. 11, 2022.

Despite some high-profile crimes, including a mass stabbing last week, “it’s hard to find a safer location than the Las Vegas Strip,” a casino executive asserted Tuesday at a gaming conference.

M Resort in Henderson adding a 384-room hotel tower

An exterior view of the M Resort at St. Rose Parkway and Las Vegas Boulevard South in Henderson on Thursday, March 28, 2019.

The owner of the M Resort announced plans today to add a $206 million, 384-room tower, nearly doubling the Henderson casino’s hotel capacity. “The next ...

Businesses attracted to Southern Nevada's industrial space help diversify area's economy

Jerry Doty, a commercial real estate professional (senior vice president) with Colliers International in Las Vegas poses for a photo Friday, Sept. 30, 2022.

Last year, Novva Data Centers started building a 275,000-square-foot warehouse on 20 acres in North Las Vegas. When the announcement for the complex was made, Wes Swenson, founder and CEO of the Utah-based company, called North Las Vegas an ideal location for a data center, partly because of its proximity to California and regional markets.

Slowdown in Southern Nevada's housing market is a hot topic, but don't overreact

Up, down or otherwise, housing is always a hot topic in Southern Nevada. And rightfully so, since owning a home is the biggest investment many of us will ever make.

People on the Move: Oct. 10, 2022

In the Notes: Jennifer Carleton, John Tahsuda, All In Aviation, Sam Palmer, Tyler Ecklund, Trevor Smith and more ...

Four tips to help Latina business owners achieve success

As we celebrate Hispanic Heritage month this year, it’s a good time to recognize the many contributions of Hispanic small business owners. And there truly are many.

Tesla, Porsche offering free EV test drives in Las Vegas on Saturday

Folks interested in electric vehicles will get a chance to drive some of the latest EV models at no charge this weekend. According to a news release, interested parties will have access ...

September home prices level off after three-month slide in Las Vegas area

A house is shown for sale Tuesday, Feb. 9, 2016, in Las Vegas.

The price of homes in Southern Nevada held steady in September, according to a report released today. The median price for an existing home in the Las Vegas Valley was $450,000 last month, the same as in August, according to the Las Vegas Realtors trade organization. September’s figure ...

LED light company has become a fixture in the Nevada's cannabis economy

Brett Stevens, founder and CEO of Fohse, poses with his dog Jax, a 7-year-old Akita, in the Fohse showroom Wednesday, Sept. 14, 2022. The Las Vegas company makes indoor grow lights that are tuned for growing cannabis.

One of the fastest-growing LED light companies in the world is headquartered in Las Vegas, and the company’s CEO doesn’t see any reason why that trajectory will slow in the coming years.

Reforms are needed as Nevada's cannabis industry continues to mature

On July 1, 2017, recreational cannabis sales became legal in Nevada. Five years later, Nevada’s cannabis industry has grown and matured, yet it still faces many of the same issues that it did on Day One.