Wall Street analysts say a U.S. Supreme Court ruling could stall development of some Indian casinos around the country. The court allowed a lawsuit to proceed in which a foe of the Gun Lake Casino in Michigan is challenging the federal government’s decision to take land into trust on behalf of the Gun Lake tribe.
Wynn Resorts Ltd. board member Elaine Wynn took legal action Tuesday in hopes of invalidating a stockholders’ agreement that restricts her ability to sell her shares — valued at more than $1 billion — in the casino resort company.
Casino resort owner Wynn Resorts Ltd. asked a state court judge Monday to require that dissident board member Kazuo Okada appear for a deposition in Las Vegas so he can be questioned by Wynn attorneys.
Cantor Gaming of Las Vegas said Monday it reached an agreement to develop and operate a race and sports betting book at Silverton Casino Hotel in Las Vegas.
Despite its struggles during the recent recession, Nevada’s gaming economy received strong marks in a U.S. Chamber of Commerce study analyzing states' economic competitiveness. Nevada was praised for its efforts to attract international tourists.
Four more Southern Nevada homeowner associations have been sued over allegations they’ve been requiring purchasers of foreclosed homes to pay off inflated liens.
Wynn Resorts Ltd. hit back Friday against board member Kazuo Okada in their legal dispute, calling Okada’s latest charges recycled and baseless. Las Vegas-based Wynn, a casino-resort operator, and Okada have been fighting over charges and countercharges of wrongdoing.
Casino operator Pinnacle Entertainment Inc., of Las Vegas, announced today that it is buying the Heartland Poker Tour and its related assets, including poker website domain names, for $4.5 million.
The 6-month-old legal dispute between Wynn Resorts Ltd. board member Kazuo Okada and the rest of the Wynn board is heating up, with Okada asking a court Thursday to restore him as the largest Wynn shareholder.
Righthaven LLC, the Las Vegas copyright infringement lawsuit filer, was ordered Thursday to pay $131,457 in attorney's fees to a defendant that prevailed against Righthaven in court.
Colorado Rockies baseball player Jason Giambi and others say they struck out with $6.6 million in investments in clubs and restaurants at a Las Vegas casino, and they’re suing to recover profits they claim to be entitled to.
Former Henderson City Councilwoman Kathleen Vermillion is suing the charity she founded, claiming defamation. Vermillion says in the suit she was defamed when negative information about her was discussed internally at the youth charity.
A second former executive at the old Las Vegas Mob Experience attraction has filed for bankruptcy protection. Louis Ventre listed $20.7 million in liabilities against $48,778 in assets in Tuesday’s Chapter 7 bankruptcy filing in Las Vegas.
He’s not exactly known as a meat and potatoes guy. In fact, he's a vegan. But casino developer Steve Wynn has purchased a 43-percent stake in the American branch of an Australian meat pie bakery and café chain.
Investors and lenders likely face more losses after the owner of a Summerlin office building filed for bankruptcy last week. CBS I LLC filed for Chapter 11 bankruptcy reorganization and listed $19.4 million in both assets and liabilities.
A key Wynn Resorts Ltd. debt rating was affirmed Friday, even as analysts continued to warn about a growth slowdown in Macau. Fitch Ratings in New York affirmed its ''BB'' long-term issuer default rating (IDR) on Las Vegas-based Wynn.
Existing home prices in the Las Vegas area in May edged up from April, and total sales increased, the Greater Las Vegas Association of Realtors reported Thursday. The group said the median single-family home price was $128,000, up 1.6 percent from one year ago.
An Oregon nonprofit group asked a court Thursday to dismiss one of the Righthaven LLC copyright lawsuit appeals, saying Righthaven can no longer participate in the case since it’s been stripped of its copyrights.
Even after rejecting Boston as a potential expansion site, Las Vegas Sands Corp. remains interested in key markets outside Nevada, including New York City, Europe, Asia and Canada, executives said during a company shareholder meeting.
One group of analysts expects improvements in the Las Vegas retail market through the end of the year – but conditions will remain difficult for certain properties.
The Nevada Supreme Court is weighing whether contractors or lenders should receive about $100 million left over from the $156 million bankruptcy auction of the stalled Fontainebleau Las Vegas casino resort.
Capping an eventful six days, Las Vegas casino supplier Shuffle Master Inc. on Monday reported a strong gain in its quarterly profit on record revenue.
The U.S. Justice Department is suing the Tuscany Suites & Casino in Las Vegas over allegations the property discriminated against non-U.S. citizen job applicants and employees over a five-year period.
Former Las Vegas gaming executive R. Brooke Dunn has agreed to pay a fine of $181,594 to settle a federal complaint alleging he was involved in an illegal insider stock trading incident.
The number of defendants in the criminal case involving HOA corruption could eventually top 50, making this one of the larger criminal schemes in Las Vegas history. But to put things in perspective, there are 2,356 homeowner associations in Clark County and 2,979 statewide, meaning just a small fraction were affected by the scam.
In 2006, condominium owners in Las Vegas’ Vistana community were accused by a lawyer of dreaming up wild, Oliver Stone-like conspiracy theories as they complained about corruption in their community association. After six years, more than two dozen guilty plea deals and four untimely deaths among witnesses or participants, the Vistana owners say they have been vindicated.
A timeshare and real estate Ponzi scheme operating partly out of Henderson and Las Vegas bilked some 1,200 investors out of $163 million, the U.S. Securities and Exchange Commission charges in a new lawsuit.
Capitalizing on the growth of the physical and online casino industry and new private gaming device-testing opportunities, Las Vegas-based BMM International is expanding its operations.
New details surfaced Thursday — including on the role of real estate agents — in the long-running criminal investigation into fraud and corruption at Las Vegas-area homeowner associations.
In 2008, developer Rick L. Burton’s company boasted in a news release that it had out-bid Wynn Resorts Ltd. and Las Vegas Sands Corp. for the right to develop a private air terminal at McCarran International Airport.
Nevada continues to lead the nation in the percentage of home sales tied to foreclosures, new data show. Foreclosure data provider RealtyTrac reported Wednesday that during the first quarter of this year, 12,405 homes sold in Nevada were in the pre-foreclosure process or had already been foreclosed on.
An attorney filed another lawsuit Friday claiming Southern Nevada police departments have been violating the rights of a motorcyclist by improperly enforcing the state’s helmet law.
Attorneys suing Nevada homeowner associations over what they call inflated liens against foreclosed homes say a Nevada Supreme Court ruling on the issue this week won’t affect their lawsuits.
Copyright infringement lawsuit filer Righthaven LLC of Las Vegas received breaks in two of its cases this week, though it still faces plenty of challenges down the road.
Bankers say results reflect difficult economic conditions, not changes in lending standards
Thursday, May 24, 2012
Nevada has the highest percentage in the nation of small and midsized businesses struggling to gain financing, a new study shows. The study found 75 percent of 76 Nevada businesses surveyed are facing limited growth opportunities due to the ''difficult financing environment.''
Nevada homeowner associations and their collection agencies have prevailed in the latest court ruling in disputes over collection costs for unpaid HOA assessments. The Nevada Supreme Court ruled the state Financial Institutions Division was wrong to cap assessments and collection costs that purchasers of foreclosed homes must pay.
Colorful Las Vegas entrepreneur Jed Baron has been arrested on charges related to an alleged sham seafood deal victimizing a casino executive to the tune of $1.69 million, according to court records.
A third former Las Vegas police officer has agreed to plead guilty in the long-running parallel probes involving corruption in homeowner associations and at the downtown Courthouse Cafe.
Las Vegas “Stripper 101” instructors on Wednesday rejected a $1 million challenge that they take a lie detector test to determine the validity of their allegations that they were secretly videotaped by management.
The tale of Las Vegas "Stripper 101'' exotic dance instructors claiming to have been secretly videotaped in their classroom and dressing room took a twist when their producer offered to pay them $1 million if they pass a lie detector test.