The Nevada Supreme Court waded Wednesday into the first of what may be multiple cases pitting homeowner associations and their collection agencies against buyers of foreclosed homes.
MGM Resorts International on Monday disclosed that business improved during the fourth quarter for its half-owned $8.5 billion CityCenter casino resort complex on the Las Vegas Strip.
Las Vegas-based bank operator Western Liberty Bancorp Inc. said Monday it lost $2.4 million in the fourth quarter as the recession pushed more loans into default.
Casino resort operator Wynn Resorts Ltd. of Las Vegas on Monday disclosed the U.S. Securities and Exchange Commission is looking into its $135 million donation pledge to the University of Macau and its casino license in Macau.
Nevada’s attorney general said Friday this week’s settlements with banks over foreclosure abuses are just one part of a process aimed at stabilizing home prices and investigating wrongdoing in the field.
A Chinese company and its banks have tentatively agreed to finance a $650 million arena in Henderson, the arena developer announced Friday. Whether the Silver State Arena will actually get off the ground, however, is an open question.
Regulators filed suit Thursday in Las Vegas against four officers of the failed Silver State Bank, demanding more than $86 million in damages for “gross negligence and breaches of fiduciary duty.”
At first glance, Nevada’s $1.5 billion settlement with banks over mortgage servicing and foreclosure problems seems like a lot of money. But for the consumers and their attorneys most affected, the deals announced Thursday are woefully inadequate.
The latest Las Vegas-area home price statistics show again that year-to-year sales are up while prices are down, the Greater Las Vegas Association of Realtors reported Tuesday.
An international law firm is firing back at Verano Land Group LP, a Las Vegas firm that invested some $65 million in a San Antonio real estate development involving Texas A&M University.
A nurses’ union sued Sunrise Hospital in Las Vegas on Tuesday after the hospital refused to rehire a nurse who had been investigated in the death of an infant there. A lawsuit filed in federal court in Las Vegas said Sunrise should have rehired Jessica Rice with back pay as it was ordered to in December by Paul Staudohar, an arbitrator with the Federal Mediation and Conciliation Service.
A bankruptcy judge is weighing whether Nevada’s new law on “deficiency judgments” will apply to the auction of the Hooters hotel-casino in Las Vegas. The Legislature last summer passed Assembly Bill 273 in what was billed as an effort to help homeowners losing their homes to foreclosure. With so many homeowners underwater in their mortgages, the Legislature limited deficiency judgments to help them.
Station Casinos LLC executives Frank Fertitta III and Lorenzo Fertitta plan to invest another $73 million in the Las Vegas company by buying out another shareholder. In another indication of the Fertitta brothers’ support for the company and their belief in the struggling locals gaming market, Station disclosed Monday that a company affiliated with the Fertittas plans to buy certain ownership units held by JPMorgan Chase Bank N.A.
Investors suing over losses at the stalled $2.9 billion Fontainebleau Las Vegas casino-resort say they’ve uncovered startling internal documents detailing how its developer allegedly covered up cost overruns and other problems at the project.
Dissident Wynn Resorts Ltd. board member and shareholder Kazuo Okada is stepping up the pressure on Wynn as he and the Las Vegas company head toward a court showdown.
Southern Nevada small-business owners can find plenty of affordable help, online and in person, with their questions on how to tackle bookkeeping, accounting and tax chores — and whether to outsource them.
With tax season under way, Nevadans are once again asking if they can file their own individual and business taxes or if they need professional help. For most individuals, the April 17 federal income tax deadline is a once-yearly headache. But for local business owners and executives, filing taxes is a year-round concern as companies are required to remit payroll, sales and other taxes on a quarterly or monthly basis — and, in some cases, even more frequently.
NV Energy said Friday that recent wind damage would delay completion of its $510 million One Nevada Transmission Line that will connect the electricity grids in Southern and Northern Nevada.
Las Vegas Monorail Co. proposed a new plan Thursday to emerge from bankruptcy that calls for the system to operate in the black later this decade and even to expand.
Nevada investors who put up $65 million for a land development deal involving Texas A&M University charge in a new lawsuit that they were damaged by misconduct and self-dealing by the project’s former managers and a prominent San Antonio attorney.
UNLV is looking for a new dean for the Lee Business School following last week’s announcement that Paul Jarvey, the business dean for the past five years, is leaving for a job in Florida.
Las Vegas Sands Corp. on Wednesday issued the first financial statistics from the Las Vegas Strip for the fourth quarter of 2011, and they confirmed tourism is rebounding in the city.
Nevada developer and lobbyist Harvey Whittemore retaliated Wednesday against his former partners, hitting them with a lawsuit alleging racketeering and telling a bizarre story in which he claimed he and his family have endured repeated death threats as part of an extortion scheme.
Saying there’s nothing illegal about “robosigning” and “surrogate signing,” a big processor of foreclosure paperwork is seeking dismissal of a fraud lawsuit filed by Nevada’s attorney general.
Two attorneys announced Monday they’re suing six companies they claim have been processing Nevada home foreclosures without authorization. Attorneys Nicholas Boylan of San Diego and Shawn Christopher of Henderson said they filed suit last month in Clark County District Court and are seeking class-action status on behalf of 16 Nevadans named as plaintiffs and potentially thousands of more plaintiffs as class members.
Casino resort company Wynn Resorts Ltd. has hired influential attorney Robert Shapiro and his high-powered Los Angeles law firm to fight a lawsuit filed by disgruntled director Kazuo Okada.
The Mountain’s Edge planned community homeowners association is the latest to be sued by investors in Las Vegas-area foreclosed homes. The investors, who already have filed complaints against scores of HOAs with state real estate regulators, lately have also been suing individual HOAs.
Construction cranes remain idle at the stalled Echelon and Fontainebleau resorts on the Las Vegas Strip — so local residents may find it refreshing to see some building work under way down the street at The Linq.
A legal battle erupted Friday over allegations Nevada lobbyist and developer Harvey Whittemore embezzled tens of millions of dollars from companies he co-managed. Three limited liability companies that include investors Thomas Seeno, Walnut Creek, Calif.; and Albert Seeno Jr., Concord, Calif., filed suit against Whittemore in Clark County District Court in Las Vegas.
A federal judge has thrown out a lawsuit claiming spa and salon workers were subjected to age discrimination at Phil Ruffin’s Treasure Island hotel-casino in Las Vegas.
Hakkasan Ltd., a big name in the international dining world, will debut in Las Vegas at the MGM Grand this year after Hakkasan's plans for the city at Fontainebleau Las Vegas fell through. Nightclub and restaurant operator Angel Management Group of Las Vegas and Hakkasan said Tuesday they were collaborating on a concept for the MGM Grand that would include a Michelin-starred luxury dining brand and a "lavish new nightclub."
A federal judge has refused to dismiss an American Civil Liberties Union lawsuit challenging Nevada’s "religious test" for officials to perform marriage ceremonies.
The University of California, San Diego, Health System said Monday it was taking over operations at the Nevada Cancer Institute after receiving Bankruptcy Court approval for its $18 million purchase of NVCI.
A former executive at Sunrise Children’s Foundation is suing the Las Vegas charity, claiming she was fired for asking too many questions about alleged financial irregularities there.
Catholic Healthcare West, a big hospital operator in Southern Nevada and the fifth-largest health system in the nation, announced Monday it had changed its name to Dignity Health.
Exported goods and services from Nevada generate $7 billion in sales, but leaders say the state could be reaping more
Monday, Jan. 23, 2012
For many Nevadans, “international trade” might mean heading to Walmart in their import cars to buy Chinese-made computers as well as imported desks and chairs to outfit their offices.