Despite a bump in sales last month, it’s been a slow year for local homebuilders. Southern Nevada developers sold 528 new homes in June, making it the best month of 2014, although ...
Pardee Homes, the former lead residential builder at the Coyote Springs master-planned community, relinquished about 2,500 acres of land at the site an hour from ...
Ground will be broken next year on a $30.4 million dormitory for airmen at Nellis Air Force Base. After the new barracks is finished in 2016, two dorms built in 1975 ...
The Henderson medical school and three sister campuses — one in the San Francisco Bay area and two in New York — recently banded together to borrow $148.1 million. The Southern Nevada campus got about $40 million.
The historic El Cortez casino, a holdover from Las Vegas’ mob days, is now lockstep with 21st century gambling. Real-money poker website Ultimate Gaming has reached a deal to run the downtown resort’s...
Southwest Gas has been renting the majority of its corporate headquarters in Las Vegas for more than three decades. But with a $16.5 million cash purchase, the utility ...
Las Vegas home prices continue to rise as investors, lured here by the recession’s bargains, keep backing out. The median sales price of previously owned single-family homes ...
In the past several years, the Strip and downtown Las Vegas have become as known for costumed characters as for cards advertising “girls direct to your room.” Those street performers work for little money, often in oppressive heat. “We just here trying to make people laugh,” one said. “That’s all we do.” ...
Showcase Mall, the Strip retail center known for its giant Coke bottle and M&M’s out front, has a new landlord. The sale, one of the more lucrative in Las Vegas in recent years for nonresorts, is a rarity because ...
When Michael Yackira took charge of NV Energy in 2007, the company was earning big profits just a few years after it almost went bankrupt. Nevada’s main electric utility stayed in the black on his watch, despite ...
U.S. banking regulators have eased their scrutiny of a Las Vegas lender that was bleeding millions of dollars during the recession but is now profitable again. The Federal Deposit Insurance Corp. disclosed...
Selling a house through a short sale is about as fast and easy as swimming through a swamp.The sales process can involve stacks of paperwork, back-and-forth calls and emails with bankers and real estate agents, and sudden changes in rules and procedures. Completing a deal can take months, maybe a year, all so an underwater borrower can get out of a house that plunged in value and a buyer can get a good deal ...
Allegiant Air, Las Vegas’ hometown carrier, is known for its cheap fares, frequent delays and numerous add-on fees. But the airline also is a cash cow, and based on financial performance, it...
If finance executives are worried about getting involved with medical marijuana clients, don’t tell Las Vegas banker John Sullivan. First Security Bank of Nevada has signed on to ...
The median sales price of previously owned single-family homes last month in Southern Nevada was $195,000, up 1.6 percent from April and 14.7 percent from a year ago ...
Fashion Show Mall, the Grand Canal Shoppes, the Miracle Mile Shops, the Forum Shops, Crystals, the Linq, the Park ... it may not be long before the Entertainment Capital of the World becomes the Shopping Capital of the World. But the people putting their money on the line insist there’s room for more retail — of the right kind.
Bondholders are ratcheting up pressure on Caesars Entertainment Corp., saying the debt-laden casino giant defaulted on the terms of possibly more than $1 billion in debt when it sold four casinos to an affiliate this year. Las Vegas-based Caesars, which received ...
After years of court battles, Las Vegas alcohol distributor Larry Ruvo’s company has been awarded more than $5 million from a competitor that was found to have illegally undercut him. But whether Ruvo collects all of his court-ordered payments is ...
Las Vegas’ critical doctor shortage could finally get some relief. MountainView Hospital and University of Nevada School of Medicine officials said Thursday they will work to create ...
In his first big move since retaking the helm of Bally Technologies a few weeks ago, CEO Dick Haddrill is buying an Israeli online-gaming firm. Bally, a Las Vegas slot-machine maker, said today it reached a deal to acquire ...
After missing its planned Memorial Day opening, Cowabunga Bay Water Park is set to open July 4. The 23-acre Henderson attraction is still under construction but is coming together. Developers are finishing building the slides and need to...
A Silicon Valley solar-panel maker is teaming with NV Energy to build another solar plant at Nellis Air Force Base, helping Nevada’s main electric utility move away from...
Developers around the valley are gearing up to build mini-cities that, during the recession, either went bankrupt, were seized through foreclosure or were left on the drawing board. Dirt is being moved, utility lines are going in and model homes are planned in massive communities. If all goes as planned, the master-planned communities would ...
Speculative construction of industrial projects turned out to be a bad bet in the Great Recession. But with the economy turning the corner in the Las Vegas Valley, developers are ...
Owners of a Clark County child-protection agency’s headquarters want to sell the building for $18 million, a big premium over both its purchase price and the going rate for office properties. Brokers with CBRE Group sent out...
A San Francisco Bay area restaurant franchisee is bringing Corner Bakery Cafe to Southern Nevada. Anil Yadav, chief executive of Fremont, Calif.-based JIB Management, plans to...
Need a last-minute cure for that Vegas hangover before flying home? Maybe a vaccination or antibiotics before a business trip? If you’re at McCarran International Airport, just head to the pharmacy. Las Vegas will soon...
Las Vegas' housing market has been on a stomach-turning roller coaster ride for a decade. Home prices soared to absurd heights during the bubble, crashed hard and fast during the recession, then rose from the garbage heap at one of the fastest rates nationally. Now, for the first time in years, the market ...
Federal lands officials sold 87.5 acres of southern Las Vegas Valley property today at auction for $18 million. Homebuilder Larry Canarelli’s American West Development bought ...
U.S. officials hope to fetch at least $19 million by selling 120 acres of southern Las Vegas Valley land. The Bureau of Land Management plans to hold an auction at ...
Las Vegas’ underwater housing crisis keeps abating, even as the valley remains ground zero for upside-down borrowers. At its peak two years ago, 71 percent of Las Vegas-area borrowers were ...
After less than a year and a half at the helm, Bally Technologies CEO Ramesh Srinivasan is being replaced by the man he replaced. The Las Vegas slot-machine maker said...
Scrapping the Shops at Summerlin name, developer Howard Hughes Corp. says its massive retail and office project near Red Rock Resort will open Oct. 9 as ...
Owners of the Shops at Summerlin have signed their first tenant for the project’s office tower. BusinesSuites, which offers furnished office space with a receptionist, phone and mail service, conference rooms and other typical workplace amenities, has taken roughly...
Las Vegas’ new-home market continues to slump this year, with sharp drops in sales and development plans. Local builders sold 428 new homes last month, down...
Drivers who enjoyed free parking downtown at Main Street Station or the California now have to reach for their wallets. Boyd Gaming Corp. is charging daily rates of ...
American Casino & Entertainment Properties slashed its interest expenses and booked higher hotel, food and beverage, and retail and entertainment revenue, though it posted a slight dip …
Powerful real estate developer Jim Rhodes has had a rocky relationship with Southern Nevada, including bankruptcy, allegations of reneging on deals and a legal fight to build near Red Rock Canyon. Now, he’s trying his hand at ...
For just the third time in more than two years, Las Vegas home prices have slipped a little. The median sales price of previously owned single-family homes in Southern Nevada last month was ...
Las Vegas-based Southwest Gas, which provides natural-gas service to 1.9 million customers in Nevada, Arizona and California, reported earnings today for the quarter ending ...
Owners of the Miracle Mile Shops plan to rip out the last exterior remnants of the mall’s former North African decor to open new restaurants. Tristar Capital and RFR Holding are planning...
Las Vegas Sands boss makes moral case against online gambling
Tuesday, May 6, 2014
When most people think of Sheldon Adelson, they usually think of the billions he’s made off gamblers and conventioneers. They think of his luxury Las Vegas casinos, his right-wing politics, his heavy investments in Macau. Odds are, they don’t think of him as a moral savior who wants to protect the poor — but Adelson sure seems to. The 80-year-old casino mogul...