Latest Business News

Pahrump electric utility to open Las Vegas office

Valley Electric Association, a utility based in Pahrump, plans to open a satellite office in early 2015 at the Red Rock Business Center in southwest Las Vegas. The office complex is pictured above on Wednesday, Nov. 19, 2014.

A Pahrump electric utility is opening a satellite office in Las Vegas. Valley Electric Association, which serves about 45,000 people, has signed a lease for 6,500 square feet in Red Rock Business Center between Russell and Sunset roads just east of the 215 Beltway, in the southwest valley.

Wynn Resorts official disputes report of money-laundering probe

Wynn Resorts spokesman Michael Weaver disputes a report the company is under investigation for breaking money-laundering laws. Weaver issued a statement Thursday after ...

MGM, Wynn to take on $1 billion in debt each for projects

A rendering shows the $800 million MGM Springfield in Massachusetts.

Two Las Vegas-based casino companies say they each plan to take on at least $1 billion in debt to help pay for new casino-hotel developments in Massachusetts among other things. MGM Resorts and Wynn Resorts both ...

Builders struggle as new-home sales slow

A view of new home construction in Summerlin Wednesday, July 30, 2014.

Southern Nevada homebuilders continue to struggle this year, with lower sales and a rising volume of canceled deals, a new report shows. Local developers sold ...

Regulators OK $5.1 billion merger of gaming technology companies

In this June 6, 2007, file photo, Bally Technologies slot machines are showcased at the Palms hotel-casino in Las Vegas.

Nevada regulators today approved the merger of Scientific Games and Bally Technologies, paving the way for two of the biggest gaming technology companies to become an even larger combined entity. The state Gaming Commission ...

Casinos push back on Massachusetts gambling limits

In a rarely used tactic meant to address gambling addiction, Massachusetts may require casinos to reward their customers for voluntarily setting limits on how much time and money they spend at slot machines under a proposal being considered by ...

Longer visas for Chinese could spur tourism in Las Vegas, elsewhere

Chinese tourists take in the view at Grand Canyon West Tuesday, Aug. 12, 2014.

A rule change allowing Chinese visitors to return to the U.S. multiple times over a 10-year period is being hailed as a boon to American tourism, with the federal government predicting the economic impact could be ...

Investors are flipping fewer Nevada homes, report finds

A home for sale in Henderson.

Real estate investors aren’t flipping homes in Nevada as often as last year, but they’re still more active than flippers nationally. Flipping slowed nationally to ...

Caesars reveals plan after creditor walks away

An exterior view of Caesars Palace on Thursday, June 6, 2013.

Overwhelmed with debt and seeking a way out from under it, Caesars Entertainment Corp. floated a plan that would have turned its most debt-heavy division into a ...

Firm cancels plan to buy closed Revel resort

The Revel resort, right, is shown next to the closed Showboat in Atlantic City, Monday, Sept. 1, 2014. Four of Atlantic City's 12 casinos have closed this year.

A Toronto-based company abandoned its plan to buy the former Revel Casino Hotel in Atlantic City on Wednesday, dealing another blow to a city reeling from ...

One of Nevada’s 1st marijuana dispensaries prepares for grand opening

Euphoria Wellness, seen here during an open house Wednesday, Nov. 19, 2014, is opening soon as a medical marijuana dispensary with built-in security measures including bulletproof glass and mesh-lined walls and ceilings.

If everything goes according to plan, Joe Lamarca will sell the first buds of medical marijuana from his dispensary in the southwest valley on Jan. 12. But after more than a year of ...

Is relief from Alzheimer’s disease on the horizon?

The Lou Ruvo Center for Brain Health is seen Thursday, Aug. 7, 2014.

The Cleveland Clinic Lou Ruvo Center for Brain Health hopes to enroll 10 to 15 people with Alzheimer's disease in a study of a drug that could ...

A Quick Stop loses slot machine license over stolen cigarettes

A food mart in Las Vegas, caught selling stolen cigarettes to customers, has agreed to have its state gaming license revoked. The Nevada Gaming Control Board and Quick Stop Food Mart filed ...

Need a swimsuit? Bikini.com delivers in 60 minutes or less

Staffers at Bikini.com use their office studio space to capture their products as an online retailer that has "pop up" shops at some of the most popular day clubs along the Strip, Friday, Nov. 16, 2014.

You might call it a "bikini on demand" — and it's already happening at some of Las Vegas’ most popular day clubs. Las Vegas-based lifestyle blog and bikini dealer Bikini.com spent last summer doing business at pop-up stands at XS, Encore and the Pool at the Palms. Company heads say that list might grow ...

Times Square’s biggest and most expensive digital billboard is set to shine

The world’s largest high-definition digital display lights up for the first time in Times Square in New York, Nov. 13, 2014. Covering an entire city block, the mega-screen will light up Tuesday night with a digital art exhibition by the Universal Everything studio collective.

In an era when digital screens large and small proliferate but attention is increasingly scarce, some marketers are making a huge bet that one of the biggest displays in the world will captivate audiences. Their gamble: the largest and most expensive ...