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Las Vegas Business News

Las Vegas homebuilders see 34 percent sales rise in early 2017

March 22nd, 2017

Las Vegas homebuilders are selling far more houses this year compared to the beginning of 2016 but booking a much-smaller bump in prices, a new report shows.Builders closed 665 new-home sales in Clark County last month, bringing the year’s tally through February to 1,192. That’s up 34 percent from the same two-month period in 2016, according to Las Vegas housing tracker Home Builder...Read More >>

Developer plans apartment tower in place of 2 motels on Las Vegas Boulevard

March 22nd, 2017

Motel owner Ilan Gorodezki serves a stretch of Las Vegas Boulevard that, some might say, ranges from seedy to tacky.A strip club is across the street, abandoned buildings and vacant lots are short walks away, and a drive-thru wedding chapel is right nearby. But neighborhoods can change, and Gorodezki is gearing up for a towering overhaul to his part of the street.The Las Vegas Planning Commissi...Read More >>

Nevada company settles male sex-discrimination lawsuit

March 22nd, 2017

A Nevada company settled a male sex discrimination lawsuit brought forth by the U.S. Equal Employment Opportunity Commission, the commission announced Wednesday.The commission claims that Ultracare Las Vegas terminated an employee’s assignment because of his gender.Between 2010 to 2013, Ultracare Las Vegas provided Nevada Health Centers with ultrasound technicians.“Sex-role stereoty...Read More >>

Sears says ‘substantial doubt’ that it can stay in business

March 22nd, 2017

NEW YORK — Sears, once the monolith of American retail, says that there is “substantial doubt” that it will be able to keep its doors open.Company shares, which hit an all-time low last month, fell $1.12, or 12.31 percent, to close at $7.98.Sears has been a member of the retail dead pool for years, but until this week the company had not openly acknowledged its tenuous existen...Read More >>

17K AT&T workers in Nevada, California go on strike

March 22nd, 2017

NEW YORK — A union representing AT&T workers says about 17,000 employees in California and Nevada have gone on strike over a change in some of their job duties.The Communications Workers of America said they went on strike Wednesday morning. The union plans to file an unfair labor charge with the National Labor Relations Board.The workers install cable and phone service and work in ca...Read More >>

Minus5 to open new location at Grand Canal Shoppes on Las Vegas Strip

March 22nd, 2017

A lounge that has used ice sculptures of guns and computers for corporate events will open its third Strip location before July.Minus5, kept at -5 degrees celsius, 23 degrees Fahrenheit, will open inside Grand Canal Shoppes, Minus5 President Noel Bowman said. He will hire about 30 people.Bowman said he’s seen success with two south end locations, one at Monte Carlo and the other at Mandal...Read More >>

Nevada women-owned businesses missing out on federal contracts

March 21st, 2017

Nevada women-owned small business owners are missing out on millions of federal dollars, data show.According to the latest State of Women-Owned Businesses report, Las Vegas is home to 75,600 women-owned businesses, but a Small Business Administration database search shows only about 270 businesses have initiated the process necessary to compete for federal contracts specifically set aside for c...Read More >>

Adelson tops list of wealthy Southern Nevadans

March 21st, 2017

Sheldon Adelson remains the richest man in Las Vegas and ranks 20th among billionaires worldwide.That’s according to Forbes’ latest annual list of billionaires, which featured other Southern Nevadans in the casino business, sports and the restaurant industry.Forbes calculated Adelson’s net worth at $30.4 billion, a $1.4 billion decline from the value that placed him No. 14 on ...Read More >>

Wells Fargo upgrading ATMs to allow cellphone use

March 21st, 2017

NEW YORK — Wells Fargo plans to upgrade all 13,000 of its ATMs next week to allow customers to access their funds using their cellphones instead of traditional bank cards.The announcement was made by Wells Fargo CEO Tim Sloan on Tuesday at an employee town hall in Orlando.While banks like JPMorgan Chase and Bank of America have announced similar upgrades to their ATMs, those are still bei...Read More >>

Target unveils ambitious redesign for those in a rush, those who ramble

March 20th, 2017

NEW YORK — In a move to bring shoppers back to its stores, Target is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.The new layout was unveiled by CEO Brian Cornell in Las Vegas Monday. It will feature a separate entrance and 10-minute parking for shoppers looking to...Read More >>

Galaxy Theatres expects to open another Las Vegas location at Boulevard Mall in December

March 20th, 2017

Before moviegoers visit another galaxy far, far away later this year, Boulevard Mall will finish a project with another kind of Galaxy.Galaxy Theatres expects to open a luxury movie theater at Boulevard Mall around December. The theater operator’s president, Rafe Cohen, said he wants to be ready for the rush of moviegoers headed to the mall for the new “Star Wars” movie.The th...Read More >>

Viawest completes 32k-square-foot expansion in North Las Vegas

March 20th, 2017

The ViaWest Lone Mountain Data Center at 3330 E. Lone Mountain Road, near Interstate 15 in North Las Vegas, just added 32,000 square feet to its facility.The 66,000-square-foot data center is hiring for at least five positions and has its first client lined up.Average internet traffic is expected to double by 2020, according to a 2016 report by Cisco, an information technology and networking co...Read More >>

New extended-stay property planned for North Las Vegas

March 20th, 2017

A hotel-franchising group has announced plans for a newly built, extended-stay property in North Las Vegas.My Place Hotels of America says developer Randal Bender is expected to break ground next month on Nevada’s first My Place-branded property, at 1440 E. Craig Road between North Fifth Street and Losee Road.The four-story, 63-unit hotel is expected to open this fall, the company said.Be...Read More >>

Small site on Las Vegas Strip back on the market

March 20th, 2017

When Las Vegas was flooded with easy money, what better place to build a high-rise — or better yet, sell for a jaw-dropping sum – than a small, roadside motel site off the south Strip?Last decade, the Pollyanna Motel’s landlord set out to develop a condo tower there and quickly reached a deal to flip the site. The inn was razed, but nothing was built and the land was lost to forec...Read More >>

Nevada private sector growth 4th in US, report notes

March 20th, 2017

Nevada’s private sector growth ranks fourth in the nation.That’s according to recent data provided by the state Department of Employment, Training and Rehabilitation.The state posted a 3.5 percent job growth rate during the first nine months of 2016, besting all other states except Utah, Idaho and Florida.Nevada had the lowest growth rate nationwide in 2009 at -10.1 percent and in 2...Read More >>

MGM Resorts subsidiary to help develop Dubai resort project

March 20th, 2017

An MGM Resorts International subsidiary has been selected to operate and help build a 2-million-square-foot nongaming resort on 26 acres on Dubai’s Jumeirah Beach.The company announced Monday that its MGM Hospitality subsidiary would partner with Dubai-based wasl Hospitality and Leisure, a subsidiary of wasl Asset Management Group, to build a beachfront development featuring an MGM hotel,...Read More >>

Construction to begin this year on new assisted living facility in North Las Vegas

March 19th, 2017

Construction is expected to start later this year on an assisted living facility in North Las Vegas that will cater to retirees, disabled soldiers and patients who will undergo rehabilitation after getting discharged from the VA Medical Center.The North Las Vegas City Council on Wednesday approved a zoning change that will allow JMA Architects to build the 300-bed facility on a 7-acre vacant lo...Read More >>

GeoComply leads crackdown on gamblers who disguise their location

March 18th, 2017

Backing up about 100 feet from the California border near the Fashion Outlet in Primm, Nevada, a reporter is finally able to log into the World Series of Poker application on an iPhone.The reporter is here to test the accuracy of the geolocation service used by the poker application to ensure people physically outside Nevada cannot access the game. WSOP uses the geolocation technology of Vancou...Read More >>

MGM’s new Golfstream attraction to host skill-based indoor golf gaming events

March 18th, 2017

When people talk about playing skill-based games for money in the casino, one immediately thinks video games.With the rising success of large-scale tournaments, specialized esports venues to watch competitions and a movement toward wagering on match outcomes and competitors betting on each other, another piece of skill-based competition is ready to take off.Golfers make friendly bets with each ...Read More >>

Nevada drivers love their VNTYPL8s

March 18th, 2017

On the streets around the Las Vegas Valley, odds are motorists will see a custom-made message on the back of the car in front of them.These vanity license plates range from the simple (“Wowie”) to the expressive (“OhhhGod”).Some remain open to interpretation: Is MTHRHN a doting “mother hen,” or perhaps a fan of the Alps’ Matterhorn mountain?For drivers,...Read More >>

Clark officials hesitant to regulate ‘extreme’ attractions because of cost, lack of expertise

March 18th, 2017

Las Vegas has long been a magnet for high-risk thrill-seekers, and the valley’s list of adrenaline-producing attractions gets wilder and wilder every year.Visitors can fire a machine gun, throw an ax or drive a high-performance car in excess of 100 mph. Yet despite dangers, little oversight of these experiences exists.Clark County officials are at a loss. They say they see a need for regu...Read More >>

Brooks’ bill would short-circuit energy choice

March 17th, 2017

CARSON CITY — Going against the will of 72 percent of Nevada voters isn’t a wise idea, but that’s not stopping Assemblyman Chris Brooks, D-Las Vegas.Less than five months ago, 72 percent of Nevadans voted for Question 3, a constitutional amendment that would create a path for Nevadans to choose the company that provides their energy. As a constitutional amendment, voters must ...Read More >>

Walker Furniture formally announces plans for southwest Las Vegas store

March 17th, 2017

Walker Furniture has formally announced plans to build a store in southwest Las Vegas.The company said it closed its purchase Thursday of roughly 14 acres of land off Sunset Road and the 215 Beltway, next to rival furniture dealer Ikea. It did not disclose the sales price.Its store will be 150,000 square feet, and development plans include 50,000 square feet of additional retail and dining spac...Read More >>

Las Vegas tourism spending nearing $60 billion

March 17th, 2017

Southern Nevada is one $10 souvenir per tourist away from breaking the big 6-0.The region’s tourism industry generated a record $59.6 billion in economic activity in 2016 driven mainly by higher spending per person, according to a new study by Las Vegas-based Applied Analysis. The number consists not just of direct spending by tourists, but also the indirect impact on suppliers and spendi...Read More >>

Proposed Las Vegas stadium site has storied history

March 17th, 2017

The sprawling desert lot has seen no shortage of plans — hotels, condos, sports arenas, even a train station.The latest? The Raiders stadium.National Football League owners are slated to meet March 26-29 in Phoenix and, while there, could vote on Oakland’s hoped-for move to Las Vegas, reports say. If they give the thumbs-up, it would clear the way to enable construction of the Silve...Read More >>

Bath & Body Works plans to open new Las Vegas location

March 17th, 2017

Bath & Body Works will open a new Las Vegas Valley location in early June.By then, the beauty products retailer will have finished renovating two other locations and re-opened those.The new location is at 8800 W. Charleston Blvd., near the intersection with Rampart Boulevard. The work on Charleston Boulevard is valued at $295,000, according to building records.The two locations under renova...Read More >>

Shares of Wynn Resorts rally 11 percent for week

March 17th, 2017

Shares of Wynn Resorts Ltd. rallied 11 percent on the Nasdaq this week after two U.S banks said business at the international casino operator is better than anticipated.Wynn shares capped the week closing up Friday $4.02, or 3.79 percent, to $110.19 a share, a 52-week high. They closed last Friday at $99.55.”We believe that Wynn can take greater market share in Macau than the market is cu...Read More >>

Russian slot hackers focusing on new targets, group told

March 17th, 2017

An international syndicate of Russian hackers that cashed out millions from slots in U.S. casinos over the years is focusing their efforts on South America and Europe after busts in Missouri and Singapore.The Russian syndicate most recently struck in Peru, Rex Carlson, a security consultant to slot makers, told a group of U.S. regulators at a conference Thursday at the Luxor in Las Vegas organi...Read More >>

New owners hope to breathe new life into abandoned Las Vegas office complex

March 16th, 2017

A suburban office complex that fell into disrepair after the owner was charged with running a massive Ponzi scheme has been sold.Insight Investment Partners and Northcap, two Las Vegas real estate firms, bought MRI International’s abandoned former offices on Durango Drive at Hacienda Avenue for $12 million.The sale, by court-appointed receiver Robb Evans & Associates, closed Thursday,...Read More >>

Golden Entertainment opens first of 7 new taverns planned for Southern Nevada

March 16th, 2017

Golden Entertainment has opened the first of seven new taverns planned for Southern Nevada this year.The PT’s Gold at 7355 S. Buffalo Drive, near West Warm Springs Road, is the 54th Golden-operated tavern in the state, with only two of those outside the valley, according to a company statement Thursday.It will employ 20 people and seat 74 in the dining area, 27 at the bar.Combined, the ne...Read More >>

Henderson coin minting operation is hiring 170 new people — VIDEO

March 16th, 2017

More money — albeit in small denominations — is slated to be produced in Southern Nevada.“Any coins, medallions that are made from precious metals, is what we get involved with,” said Tom Power, CEO of Sunshine Minting Inc. “Of the 37 million ($1) Silver Eagles that the U.S. government made and sold last year, we supplied over 32 million of those to the U.S. Mint.&...Read More >>

Nevadans feeling consequences of more skill-based economy, HR pros say

March 16th, 2017

Nevada workers are beginning to grapple with having to adapt to what Gov. Brian Sandoval has termed the new Nevada economy, say three Las Vegas human resources professionals.In 2012, Sandoval laid out a vision for the state to become more dependent on skilled jobs.Dennis Bonilla, executive dean of the College of Information Systems and Technology at University of Phoenix, said Las Vegas has had...Read More >>

Connecticut lawmakers move along 2 casino expansion bills

March 15th, 2017

HARTFORD, Conn. — A legislative committee on Wednesday moved along two dueling bills that would expand casino gambling in the state.Despite the vote, however, members of the General Assembly’s Public Safety Committee made it clear the issue is far from settled. Several lawmakers said a broader discussion was needed about the implications of authorizing a casino on nontribal land.&ld...Read More >>

Clark County taxi ridership in February down 20 percent from previous year

March 15th, 2017

Taxi ridership plummeted 20 percent in Clark County in February, largely because ride-hailing companies Uber and Lyft continue to cut into the business, according to figures released this week by the agency regulating Southern Nevada’s taxicab industry.More than 1.48 million taxi trips were logged last month, down from 1.85 million rides reported in February 2016, Nevada Taxicab Authority...Read More >>

Pulte project Reverence ‘officially underway’ in Summerlin

March 15th, 2017

A sprawling residential project in Summerlin that’s been on the drawing board for a decade is coming out of the ground.Pulte Homes’ parent, PulteGroup, and Summerlin developer Howard Hughes Corp. announced this week that Pulte’s 300-acre Reverence community, at the northern tip of the Las Vegas master-planned community, is “officially underway.”Work crews are gradi...Read More >>

Owner of The Gun Store in Las Vegas loses control of business, files for bankruptcy

March 15th, 2017

Bob Irwin walked into this office last week at The Gun Store and, he says, found that someone had packed his books, catalogs and other belongings into boxes.Just another sign that after almost three decades in charge, Irwin’s on the outs.The Gun Store, a Las Vegas retailer and shooting range, lets customers unload on targets with machine guns, semi-automatic rifles, shotguns and other fir...Read More >>

Frontier Airlines, Silver Airways dropping Cuba air service

March 15th, 2017

HAVANA — Frontier Airlines and Silver Airways are dropping air service to Cuba, saying other airlines are adding too many flights to the island nation and making the routes unprofitable.U.S. airlines rushed to begin flights to Cuba last year after the Obama administration allowed commercial service for the first time in more than half a century. More Americans are visiting Cuba, but the g...Read More >>

McDonald’s tests mobile ordering process before national launch

March 15th, 2017

NEW YORK — McDonald’s has started testing mobile order-and-pay after acknowledging the ordering process in its restaurants can be “stressful.”The company says it will gather feedback from the test before launching the option nationally toward the end of the year. It says mobile order-and-pay is now available at 29 stores in Monterey and Salinas, California, and will expa...Read More >>

TeleTech releases more specific hiring data for Boulevard Mall site

March 15th, 2017

TeleTech has released more specific numbers for its upcoming call center located at Boulevard Mall.The center, at 3700 S. Maryland Parkway, near the intersection of Katie Avenue, will hire 400 people to start, according to a statement Tuesday.TeleTech described the company it will support as “a leading satellite programming provider.” TeleTech will lease 38,000 square feet of space....Read More >>

Author critical of Uber repeats message at Las Vegas convention

March 14th, 2017

Steven Hill repeated a familiar theme when he bashed Uber Technologies over the course of an hour on Tuesday before a packed audience of limousine and fleet transport operators at The Venetian.Hill, author of “Raw Deal: How the ‘Uber Economy’ and Runaway Capitalism are Screwing American Workers,” was direct when he addressed what he perceives as the Silicon Valley compan...Read More >>