Latest Business News

Construction project — possibly for a mosque — damaged by fire

A mysterious fire that erupted overnight at what appeared to be the construction site for a mosque may trigger an investigation by the federal Bureau of Alcohol, Tobacco, Firearms and Explosives.

22 February 2012
By Jackie Valley

MGM results improve on Las Vegas Strip spending, China growth

MGM Resorts International on Wednesday said net revenue improved across the board for its Las Vegas casino resorts in the fourth quarter, helping the company narrow its loss for the period.

22 February 2012
By Steve Green

Tropicana's Mob Attraction to reopen its interactive displays March 1

Andrew De Maio listens to virtual guide James Caan during a preview of the Las Vegas Mob Experience at the Tropicana Tuesday, March 1, 2011.

Mob Attraction Las Vegas at the Tropicana resort, formerly called the Las Vegas Mob Experience, says its interactive portion will reopen on March 1.

22 February 2012
By Steve Green

Recycling company gets tax break after losing out on paving project

A company that brought the first tire recycling plant to Southern Nevada but wasn’t selected to supply an important paving project on Interstate 15 last year got some consolation Tuesday when the Nevada Commission on Economic Development awarded it more than a quarter-million dollars in tax abatements and deferrals.

21 February 2012
By Richard N. Velotta

1

Judge: Settlements reached in 41 hepatitis C lawsuits

Henry Chanin, seated next to his wife, Lorraine, talks to reporters after an award of $500 million in punitive damages Friday, May 7, 2010. He was infected with hepatitis C during a medical procedure. A settlement announced Tuesday, Feb. 21, 2012, includes resolution of his $522.4 million total judgment.

A major breakthrough was announced today in 41 civil lawsuits that were filed as the result of the hepatitis C scare that rocked Southern Nevada in 2007 and 2008. Clark County Court Chief Judge Jennifer P. Togliatti handled a nine-day settlement conference that brought resolutions to the cases, which involved two drug companies and endoscopy clinics in the Las Vegas area.

21 February 2012
By Dave Toplikar

Analysts weigh in on Wynn fight with board member

From left, Kazuo Okada, Steve Wynn and Elaine Wynn gather after breaking ground Thursday, Oct. 31, 2002 on the $2.5 billion Le Reve property (now called Wynn Las Vegas) on the corner of Las Vegas Boulevard and Sands Avenue.

With lawsuits piling up between casino captains Steve Wynn and Kazuo Okada, gaming industry analysts on Tuesday expressed concern that uncertainties about the disputes may persist for some time.

21 February 2012
By Steve Green

3

Grubb & Ellis files for bankruptcy, will be sold

California-based commercial real estate brokerage Grubb & Ellis Co., which has offices in Las Vegas and Reno, filed for Chapter 11 bankruptcy reorganization and agreed to sell itself to BGC Partners Inc., a publicly traded company.

21 February 2012
By Steve Green

Families of 2010 slaying victims sue businesses

Family members of two Las Vegans slain during a 2010 crime spree have now sued two businesses they claim share responsibility for the deaths.

21 February 2012
By Steve Green

Wynn: Okada misappropriated trade secrets, made false claims

From left, Kazuo Okada, Steve Wynn and Elaine Wynn gather after breaking ground Thursday, Oct. 31, 2002 on the $2.5 billion Le Reve property (now called Wynn Las Vegas) on the corner of Las Vegas Boulevard and Sands Avenue.

The new Wynn Resorts Ltd. lawsuit against board member Kazuo Okada includes new, detailed allegations, including charges Okada misappropriated Wynn trade secrets for his own use.

21 February 2012
By Steve Green

2

Boyd narrows losses amid steady performance by local casinos

Boyd Gaming Corp. reported Tuesday that is losses shrank in the fourth quarter of 2011 as results improved at its Las Vegas locals casinos.

21 February 2012
By Steve Green

Boyd narrows losses amid solid performance by local casinos

Boyd Gaming Corp. reported Tuesday that its losses shrank in the fourth quarter of 2011 as results improved at its Las Vegas locals casinos.

21 February 2012
By Steve Green

MGM Resorts bringing Bellagio brand to Shanghai

Las Vegas-based casino resort operator MGM Resorts International said Tuesday it signed a joint-venture deal for development of a 200-room hotel in Shanghai that will be branded with MGM Resorts' luxury Bellagio name.

21 February 2012
By Steve Green

Wynn stock opens higher on Okada move

Wynn Resorts Ltd. shares opened higher Tuesday as investors absorbed the news from over the weekend that the Las Vegas casino company had involuntarily bought out shareholder Kazuo Okada with a 10-year, $1.9 billion note.

21 February 2012
By Steve Green

A Hawaiian island in the Nevada desert

A Hawaiian island in the Nevada desert

The restaurants aren’t always easy to identify. They often use the word “island” or the pidgin “da” in the title, and sometimes they stress secondary ethnicities, like Filipino or Korean. The menus might have sushi alongside staples like oxtail soup, kalua pork and macaroni salad.

21 February 2012
By E.C. Gladstone

4

Obama administration housing proposals: Will they work?

President Obama discussed the American Jobs Act and a housing plan outside Jose and Lissette Bonilla's home in Las Vegas on Oct. 24, 2011.

The Obama administration recently unveiled a string of proposals to help struggling homeowners and get the housing market back on its feet as part of the administration's "We Can't Wait" election year to-do list. Of course, the White House has made big promises before about helping homeowners.

21 February 2012
Cora Currier, ProPublica
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