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Las Vegas Business News

Amazon launches restaurant delivery in Las Vegas

February 21st, 2017

Amazon Prime members in Las Vegas can now order food delivery from more than 100 participating restaurants, including Red Robin, Buca di Beppo and Brio Tuscan Grille, through their Amazon or Prime Now mobile apps, or by visiting www.amazon.com/restaurants, Amazon.com announced Tuesday.Prime members can order food, browse menus and track the status of their deliveries through the service. For th...Read More >>

Agreement on Caesars merger clears way for emergence from Chapter 11

February 21st, 2017

The terms of a merger of two subsidiaries of Caesars Entertainment have been amended, clearing a path for the company’s emergence from Chapter 11 bankruptcy protection.In a filing with the Securities and Exchange Commission Tuesday, the company reported new terms for the merger of Caesars Entertainment Corp. and Caesars Acquisition Co.The amendment is a milestone toward launching the New ...Read More >>

Reports say Burger King owner is close to acquiring Popeyes

February 20th, 2017

Restaurant Brands International Inc., owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc., people familiar with the matter said on Monday.The deal, which will likely value Popeyes at more than $1.7 billion, is a bet by Oakville, Ontario-based Restaurant Brands that it can use its international reach to introduce Popeyes’ L...Read More >>

Williams Costume Co. has uncertain future after proprietor’s death

February 20th, 2017

For sale: the historic Williams Costume Co., with more than 60 years of history, thousands of handmade costumes and an unusual inventory. It includes a one-of-a-kind downtown apartment and several enthusiastic and experienced employees.That’s the sort of ad you might see once the dust settles and Nancy Baker’s relatives get a chance to go through the inventory and figure out a price...Read More >>

How insurance reimbursement affects Nevada health care

February 20th, 2017

It’s been in the air for much of the past year, and as many of the some-feared and some-promised changes have happened around us, those health care business owners who rely on insurance reimbursement have waited with bated breath for a sign of what’s to come. The Trump administration has promised, via stump speech and now executive order, the rapid repeal and replacement of the Affo...Read More >>

Las Vegas-based Capriotti’s sandwich shop plans nationwide expansion

February 20th, 2017

When a family-owned Wilmington, Delaware, sandwich shop named Capriotti’s opened for business in a previously boarded-up store in 1976, it took 12 years for a second location to be added. The company, which now has 102 locations, is launching a targeted, nationwide expansion that is expected to increase the number of shops fivefold.“We are on the cusp of going from an operations-foc...Read More >>

Exodus of big-box stores leaves gaping holes in Las Vegas retail scene

February 18th, 2017

A few miles east of the Strip, an empty supermarket building has plenty of grave markers.The property is fenced-off, and signs at the entrance declare the former Food 4 Less outlet “permanently closed.” Even the grocer’s signage along the street is blacked-out.West of the Strip, an abandoned Circuit City still announces a “Store Closing Sale” more than eight years ...Read More >>

Bill to lower gambling appears to be DOA in Nevada Legislature

February 18th, 2017

If you’re old enough to fight and die for your country, you should be old enough to play blackjack and drop a few dollars into a slot machine at the local casino.At least, that’s the logic of Assemblyman Jim Wheeler, R-Gardnerville, who brings to the table Assembly Bill 86, which, with any luck at all, will be 86’d right out of the Legislature.The bill would reduce the legal a...Read More >>

How MAGIC landed in Las Vegas a pretty good trick

February 18th, 2017

MAGIC has nothing to do with sleight of hand or illusion, but how the massive fashion convention got to Las Vegas was a pretty good trick.The event, whose name is an acronym for Men’s Apparel Guild in California, was, not surprisingly, a California-based show that met regularly at the Los Angeles Convention Center beginning in 1933.“In L.A., we had these big pavilions up at the Los ...Read More >>

California man wins $191M jackpot from ticket bought in Primm

February 17th, 2017

A California man won $191 million dollars off a Mega Millions lottery ticket he bought in Primm, officials with California Lottery announced Friday.Jack Freney bought the ticket at Primm Valley Lotto, a lottery retailer located at 31900 S. Las Vegas Blvd., which is a few feet west of the Nevada-California stateline and technically in California.“This will allow me to correct all the wrong...Read More >>

The cheapest and most expensive homes sold in Las Vegas in 2016

February 17th, 2017

Sitting on “billionaire’s row,” the megamansion features a Zen garden inside, a gym, elevators, a movie theater and even a nightclub. And last year, it fetched the highest price ever for a Las Vegas house.Another home, east of the Strip, is a small one-bedroom condo that faced foreclosure during the recession. It’s been spruced up but was the cheapest sale in the valley ...Read More >>

Distribution center for Fanatics on track to finish by June

February 17th, 2017

The distribution center under construction for sports gear and merchandise manufacturer Fanatics is on track to finish by June.That’s according to a spokesman for the company, which has also started hiring for the North Las Vegas center at 4490 Nexus Way, near the intersection of Lamb Boulevard and Donovan Way.Fanatics, based in Florida, is still deciding on final wage amounts, spokesman ...Read More >>

Nevada video-game industry growing, report says

February 17th, 2017

The video game industry is picking up speed in Nevada, a new report from the Entertainment Software Association shows.Local experts say a lot of that has to do with e-sports, the convergence of video gaming and the casino industry.The association’s report shows the state’s employment in the video game industry grew at an annual rate of 15.2 percent between 2013 and 2015 generating o...Read More >>

Median price of Las Vegas home rises 8.1 percent, report says

February 17th, 2017

Las Vegas’ outer edges may have the most home construction and the highest prices. But if you’re looking for the fastest-rising values, look closer to the core.The biggest jumps in median sales prices last year tended to be in older, more centrally located areas of the valley, according to a new report from Applied Analysis’ residential research arm, SalesTraq.West of downtown...Read More >>

Caesars to pay $44 million to leave Nevada Power

February 17th, 2017

CARSON CITY — Caesars Entertainment Corp. has reached agreement to pay a $44 million “exit fee” to leave as a retail customer of Nevada Power and purchase its own power supplies on the wholesale market.In a stipulation filed Thursday with the Public Utilities Commission, Caesars has also agreed to pay $3.5 million to Sierra Pacific, NV Energy’s Northern Nevada company, t...Read More >>

Goodwill of Southern Nevada plans new store in southwest Las Vegas

February 17th, 2017

Goodwill of Southern Nevada is building a new store and donation center in the southwestern valley.The 17,000-square-foot building will employ about 40 people full time and be at 4605 Blue Diamond Road, near the intersection with Cameron Street, county records show.It is expected to open in late summer, spokeswoman Kathy Topp said. Once hiring is done, Goodwill of Southern Nevada will employ ov...Read More >>

AT&T’s new unlimited data plan drops DirecTV bundling requirement

February 17th, 2017

AT&T on Thursday announced an expanded version of its unlimited data plan that does not require an additional subscription to a pay-TV service.The new unlimited plan is aimed at competing with similar offerings recently announced by Verizon, T-Mobile and Sprint. A single line will cost $100 a month, with the second and third lines each costing an additional $40 per month. For a four-person ...Read More >>

Neon Museum receives $425K grant for major expansion

February 16th, 2017

More neon is coming to the Neon Museum with the help of a $425,000 grant from the city of Las Vegas.For the first time since opening in October 2012, the Neon Museum, 770 Las Vegas Blvd. North, has purchased additional land to allow for the nonprofit’s first significant expansion, organizers said in a release.“We’re grateful to the city of Las Vegas, whose grant recognizes the...Read More >>

Faraday Future vows work on North Las Vegas plant to start soon

February 16th, 2017

A spokeswoman for Faraday Future said on Thursday the company is “absolutely not” scaling back its operations and will begin work on an approximately 650,000 thousand square-foot plant at Apex Industrial Park in North Las Vegas “in a few months.”Spokeswoman Dan Zhu told the Review-Journal that the 650,000 square-foot plant is in addition to the 3 million square-foot plan...Read More >>

Electronic table games developer continues Las Vegas expansion

February 16th, 2017

Interblock d.d., a developer of multi-player electronic table games, continues to expand its staff in Las Vegas as sales expand at a double-digit clip, Chief Executive Officer John Connelly said.Interblock, whose corporate headquarters and manufacturing facilities are located in Slovenia, has nearly tripled Las Vegas staff to 73 since January 2015 as it hires for its several departments includi...Read More >>

Thimble voted out of Monopoly board game

February 16th, 2017

ATLANTIC CITY — You can still pass “Go” and collect $200 on the Monopoly board, but you soon won’t be able to do it with the thimble game piece.Voters have rejected the thimble, an integral part of the game since being added to Monopoly in 1935. The move is part of a campaign to select the next generation of game pieces.Hashtags, emojis and even a rubber duck may replace...Read More >>

Howard Hughes Corp. plan new office complex in southwest Las Vegas

February 16th, 2017

Summerlin developer Howard Hughes Corp. has laid out plans for a new office complex in an area where a slot-machine maker is said to be looking to move.Howard Hughes executives recently filed plans with Clark County for two three-story office buildings at the northwest corner of Flamingo Road and Hualapai Way, in the southwest valley. The company, developer of Las Vegas’ largest master-pl...Read More >>

MGM reports improved fourth-quarter earnings, rosy outlook for 2017

February 16th, 2017

Paced by revenue generated by its new National Harbor casino near Washington, D.C., and the improving performance of its 10 Las Vegas properties, MGM Resorts International on Thursday reported improved fourth-quarter earnings from last year.MGM Chairman and CEO Jim Murren said the companywide improvements shown in the quarter that ended Dec. 31 bode well for 2017.“We are excited about the...Read More >>

Grocers learn how social media is critical to success at Las Vegas show

February 15th, 2017

George Duren, a 73-year old supermarket owner, will be flying back from Las Vegas to Port St. Joe, Florida, with clear ideas on how to improve sales at his recently opened, 48,000 square feet high-end grocery store.Dressed in khakis and a brown plaid shirt and clutching a notepad, Duren had just listened to an hourlong workshop on social media strategies for independent grocers like himself at ...Read More >>

Construction permits issued for Hyperloop One at Apex Industrial Park

February 15th, 2017

Construction continues at the Hyperloop One test site in and near North Las Vegas.Earlier this month, the city and Clark County issued construction permits for electrical work at the Los Angeles-based transportation technology company’s site at Apex Industrial Park.The city permit details about $390,000 worth of work to build a medium-voltage structure to control the hyperloop’s spe...Read More >>

Las Vegas travel official sees ‘difficult’ time to promote international tourism

February 15th, 2017

Despite President Donald Trump’s attempted travel ban, local tourism officials are courting new airlines and promoting a welcoming message to international travelers at the Routes Americas 2017 conference underway at Aria in Las Vegas.“The most important thing from a travel standpoint, is that you need to be able to provide a safe trip, but you also need to be welcoming, and I think...Read More >>

Developer plans two Las Vegas industrial projects

February 15th, 2017

Las Vegas developer Jeff LaPour has announced plans for two industrial projects.The head of LaPour Partners said he plans to construct a seven-building, 207,000-square-foot development at the northeast corner of Executive Airport Drive and Bruner Avenue, just west of Henderson Executive Airport.He also plans to develop a four-building, 125,000-square-foot project at the southeast corner of Crai...Read More >>

Outdoor sporting goods store to open in Henderson

February 15th, 2017

An outdoor sporting goods store will open later this year in the former Sports Authority in Henderson.Sportsman’s Warehouse, based in Midvale, Utah, will open May 12 at 701 Marks St., near the intersection with Sunset Road, according to the company’s website.A construction permit issued in January shows $1.58 million worth of work is getting done to the 42,000-square-foot building.I...Read More >>

Verizon pulled back into unlimited data game

February 15th, 2017

NEW YORK — Verizon, in a major reversal, has joined other carriers in offering an unlimited data plan.As recently as January, Verizon’s chief financial officer said unlimited plans were “not something we feel the need to do” even though rivals had made inroads against Verizon by offering them. Verizon stopped offering such plans to new customers in 2012 and has been tryi...Read More >>

Switch touts opening of ‘largest, most advanced data center’

February 14th, 2017

CARSON CITY — The data storage company Switch announced Tuesday that it has opened what it calls the largest, most advanced data center campus in the world – also known as The Citadel Campus, at the Tahoe Reno Industrial Center east of Reno.It is designed for up to 7.2 million square feet of data center space and up to 650 megawatts of power and is located adjacent to the Tesla gigafact...Read More >>

Several companies in Henderson business park near completing expansion

February 14th, 2017

Several companies in a Henderson business park are close to finishing expansions, and at least one of them is hiring.The businesses will take over new buildings in the next few weeks, said John Ramous, regional manager for Henderson Commerce Center owner Harsch Investment Properties. About 30 percent of the expansion remains unleased.Nutrition products chain Nutrishop is moving into a larger sp...Read More >>

Many in Southern Nevada paying trash fees never approved by municipalities

February 14th, 2017

Commercial property owners have been paying a number of trash fees that were never approved by Southern Nevada’s municipalities’ lawmakers.The Las Vegas City Council will address that Wednesday when it is slated to introduce an ordinance that will codify several of the fees Republic Services of Southern Nevada has been charging without approval.Republic is the only waste-management ...Read More >>

Boyd Gaming reverses quarterly loss with $12.2M in profit

February 14th, 2017

Las Vegas-based Boyd Gaming Corp. reported $12.2 million in net fourth-quarter earnings after a loss of $6.9 million last year, beating Wall Street analysts’ expectations.The company that in Las Vegas owns and operates The Orleans, Gold Coast, Suncoast and Sam’s Town as well as downtown’s California, Fremont and Main Street Station, on Tuesday reported revenue of $554.8 millio...Read More >>

Interactive technology being used to show flight information at Las Vegas conference

February 14th, 2017

Interactive technology the Las Vegas Convention and Visitors Authority uses in presentations at trade shows for meeting planners is being used this week at Routes America in Las Vegas to show participants how many flights on which airlines fly nonstop to McCarran International Airport.The Las Vegas Interactive Experience, which took 6½ months to develop, provides 120 touchscreen “hotspot...Read More >>

New L’Oreal-owned cosmetics store slated for Las Vegas Strip

February 14th, 2017

Planet Hollywood’s Miracle Mile shopping center is expected to house a new location for a L’Oreal-owned cosmetics chain.The new 1,000-square-foot store for Nyx Cosmetics, based in Los Angeles, is expected to open around May, Nyx spokeswoman Ani Istanboulian said.She said details including staff size will come at a later date.A construction permit for the new store was issued by Clar...Read More >>

Toshiba in tumult as CEO resigns amid projected loss of $6.3B

February 14th, 2017

TOKYO — Toshiba Corp.’s chairman resigned Tuesday after the company logged such massive losses in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up.The company projected a $6.3 billion loss for its nuclear business related to the acquisition of CB&I Stone & Webster by its U.S. nuclear unit Westinghouse. The company also said ...Read More >>

Aetna-Humana $34 billion deal dead in the water

February 14th, 2017

INDIANAPOLIS — Aetna and Humana are calling off a $34 billion deal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal.Humana is entitled to a $1 billion breakup fee after the mutual decision to call off the tie-up, first announced in the summer of 2015.It was the second major deal shot down in federal courts in as many months.Anot...Read More >>

Kerkorian’s Tracinda selling nearly $500M worth of MGM stock to UBS

February 13th, 2017

Tracinda Corp., the fund managing the wealth of the late Kirk Kerkorian, is selling nearly $500 million worth of MGM Resorts International stock to UBS AG after the shares rallied, triggering a June deal reached with the Swiss-based bank.Tracinda is selling 2 million shares per day over the course of 10 days to UBS at $23.94 apiece as part of a European style “covered call agreement&rdquo...Read More >>

Tapped-out Americans expected to spend slightly less on Valentine’s Day

February 13th, 2017

Americans are forecast to spend less this year on Valentine’s Day despite an expanding job market and rising wages, according to a study by the National Retail Federation.It is not because Americans have become less affectionate, the study suggests. Rather, many were swept up in the end of year holiday season, splurging more than expected on presents. With wallets a bit thinner at the sta...Read More >>

NDOT pushes ahead on freeway projects near proposed Raiders stadium

February 13th, 2017

State officials are proceeding with freeway improvements that would accommodate a potential stadium for the NFL’s Oakland Raiders and a factory for Faraday Future in North Las Vegas, although the future of both projects remains in question.Environmental studies are underway for a $150 million reconfiguration of the Tropicana Avenue interchange at Interstate 15, along with a separate proje...Read More >>