Latest Business News

History, legend of ‘Lion’s Share’ slot machine come to a close at MGM Grand

Linda and Walter Misco of Chester, N.H., won the $2.4 million jackpot from the legendary “Lion’s Share” slot machine at MGM Grand on Friday, Aug. 22, 2014, on the Strip. The jackpot had not been won in 20 years.

The “Lion’s Share” was the oldest mechanical-reel machine in the casino. Custom made for the resort’s opening, it slowly gained a cult following as it held onto its top jackpot as the years went by. It grew to become the most popular slot machine.

Wynn says gambling not key to casinos’ success — it’s everything else

Steve Wynn gives a keynote address during the Global Gaming Expo at the Sands Expo on Tuesday, Sept. 30, 2014.

Wynn delivered a keynote address to a packed crowd at the first full day of the Global Gaming Expo, or G2E, at the Sands Expo. Much of his remarks focused on revenue sources aside from gambling, an area to which the casino industry has shifted attention ...

Revel auction still taking bids, did not adjourn

In this Monday, Sept. 1, 2014, file photograph, the Revel Casino Hotel, right, is seen next to the closed Showboat Casino Hotel in Atlantic City, N.J.

The bankruptcy auction of Atlantic City's former Revel Casino Hotel ground into its third day early Wednesday as lawyers for the bankrupt resort continued ...

Poker player accused of violating commodities trading ban

Last fall, Las Vegas poker player and investor Daniel Shak was hit with a $400,000 penalty and trading ban after he was accused of attempting to manipulate oil markets. But, regulators claim, he didn’t ...

‘Wonder Woman’ star Lynda Carter takes on L.V. slot machines at G2E

Lynda Carter takes a selfie in front of the Wonder Woman slot machines during the Global Gaming Expo at the Sands Expo, Tuesday, Sept. 30, 2014.

The world’s most powerful woman takes over the Strip today. No, it’s not former Secretary of State Hillary Rodham Clinton, first lady Michelle Obama or former vice-presidential candidate and Alaska Gov. Sarah Palin. It’s Wonder Woman!

Tony Hsieh steps down from lead role at Downtown Project

Tony Hsieh, CEO of Zappos, gives a keynote address at the South By Southwest V2V tech conference for entrepreneurs at the Cosmopolitan Monday, Aug. 12, 2013.

Tony Hsieh, Zappos CEO and founder of the ambitious startup-city development Downtown Project in Las Vegas, stepped down as leader of the project a few weeks ago, sources close to the project told Re/code, which has ...

5 Nevadans on Forbes list of the nation’s richest

Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp.

Nevada is home to five billionaires, and even nongamblers could wager where the money comes from. Four of the state’s billionaires made their money in ...

Study: Gaming contributes $240 billion to U.S. economy

Tapanee "Jib Jib" Songsee deals blackjack at the Cromwell on the Las Vegas Strip, Monday, April 21, 2014.

The gaming industry contributed $240 billion to the U.S. economy in 2013, as much as the state budgets of New York and Texas combined, according to a study released today. The American Gaming Association announced the results of the study at ...

Goodwill opening new stores in Las Vegas Valley

An artist's rendering of a new Goodwill store planned for North Las Vegas and expected to open next spring. Goodwill of Southern Nevada announced Sept. 30, 2014, that it is opening two new stores and relocating a store in Henderson.

Goodwill of Southern Nevada is adding two retail stores and relocating another. The nonprofit group, which sells low-priced used clothing, furniture and other goods, said today it will open a new store at ...

Head of Nevada Taxicab Authority resigning

The top official regulating taxis in southern Nevada is leaving his post. State officials confirmed Tuesday that Nevada Taxicab Authority Administrator Charles D. Harvey informed them ...

Las Vegas lands 3rd weekly nonstop Swiss flight

In this 2005 file photo, an Edelweiss Air jet lands at Zurich-Kloten airport in Switzerland.

Tourists flying between Las Vegas and Zurich will have another nonstop flight. Edelweiss Air announced Monday it will add ...

Pro leagues file to stop New Jersey sports betting

Four major professional sports leagues and the NCAA filed a court challenge to the state's latest attempt to offer legal sports gambling on Monday, calling the effort ...

Mayor nixes tax break to save Taj Mahal casino

This Sept. 19, 2011, photo shows the Trump Taj Mahal casino-resort in Atlantic City.

Atlantic City's mayor said Monday he cannot agree to massive tax reductions sought by the owners of the Trump Taj Mahal Casino Resort, throwing into serious doubt an already long-shot plan by ...

Giant Harley dealership opening in Las Vegas this week

This undated architectural rendering shows Las Vegas Harley-Davidson, a dealership located next to the Welcome to Fabulous Las Vegas sign.

The famous "Welcome to Fabulous Las Vegas" sign will soon get a new next-door neighbor — a sprawling Harley-Davidson dealership that offers motorcycles, accessories and rentals for tourists. The 55,000-square-foot business, which owners say is ...

Rise of Reno: Northern Nevada is booming. What can we learn from its growth?

A banner welcoming Tesla to Nevada is hung on the US Bank building south of the downtown Reno casino district Tuesday, Sept. 9, 2014. State lawmakers planned to meet in a special legislative session in Carson City on Wednesday to consider a package of tax breaks and incentives worth as much as $1.3 billion to seal a deal to bring the electric car maker's $5 billion lithium battery "gigafactory'' to an industrial park in the state.

News that Tesla Motors will build a battery "gigafactory" near Reno is just the latest feather in the city's cap. The Reno-Sparks region for years has lured major multinational companies and their development dollars. Why? The foresight of business and government leaders — a lesson Southern Nevadans can learn ...