Steve Green

Senior Business Reporter

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Story Archive

Invasion of privacy alleged at Vegas 'Stripper 101' class: Saturday, May 19, 2012; A legal battle is under way over complaints that students and instructors in a "Stripper 101" class were secretly videotaped ''performing very personal and private acts.'' The producer denies the allegations.
Judge dismisses lawsuits over drop in MGM Resorts stock price: Friday, May 18, 2012; Shareholders have struck out with two of their lawsuits over the decline of MGM Resorts International’s stock price between 2007 and 2009. Six suits were filed in the fall of 2009, and four remain active in federal court.
Foes urge court not to give Righthaven a break: Friday, May 18, 2012; Attorneys for one of the Righthaven copyright infringement lawsuit defendants are urging an appeals court not to give Righthaven a procedural break, saying it should face the consequences of its own mistakes.
Reno casino in bankruptcy: Thursday, May 17, 2012; The Silver Legacy Resort Casino in Reno, half owned by MGM Resorts International, voluntarily filed for Chapter 11 bankruptcy reorganization Thursday in U.S. Bankruptcy Court for Nevada.
Work on Wayne Newton's museum halted as legal allegations fly: Thursday, May 17, 2012; Work on entertainer Wayne Newton’s museum in Las Vegas has stalled because of disputes between Newton and his partner, a new lawsuit says. CSD LLC, the company that teamed with Newton on the attraction, and two related firms filed suit against Newton and two of his family members.
Judge orders more briefing in Wynn/Okada document dispute: Thursday, May 17, 2012; A Nevada state judge on Thursday indicated she needs more information before deciding whether Wynn Resorts Ltd. must turn over more records to board member and Japanese billionaire Kazuo Okada.
Nevada retakes top spot as state with highest foreclosure rate: Wednesday, May 16, 2012; A jump in repossession activity in April caused Nevada to reclaim its dubious No. 1 position as the state with the highest rate of foreclosures, data released Wednesday show.
Wynn: Company does not 'entertain' or bribe government officials: Wednesday, May 16, 2012; Attorneys for Wynn Resorts Ltd. of Las Vegas say dissident board member Kazuo Okada’s latest demand for company documents is a ''fishing expedition'' that should be rejected by a Nevada judge.
Nevada Cancer Institute emerges from bankruptcy as fundraising foundation: Wednesday, May 16, 2012; The nonprofit Nevada Cancer Institute emerged from bankruptcy on Tuesday with a new name and a revised mission.
Cannery results flat in Las Vegas in quarter: Tuesday, May 15, 2012; Business was flat in the Las Vegas area for Cannery Casino Resorts LLC during the first quarter, and the company's loss increased.
Aliante Station posts profit on higher revenue: Tuesday, May 15, 2012; Aliante Station hotel-casino in North Las Vegas reported a first-quarter profit Tuesday, reversing a year-ago loss.
Station Casinos posts quarterly profit: Tuesday, May 15, 2012; Las Vegas locals casino leader Station Casinos LLC swung to profitability in the first quarter, earning $6.8 million on net revenue of $318.2 million.
Affinity Gaming posts higher profit: Monday, May 14, 2012; Las Vegas-based casino operator Affinity Gaming LLC reported an increase in its quarterly profit Monday as gaming revenue improved.
Businessman disputes rental home lawsuit claim: Monday, May 14, 2012; San Francisco businessman Luke Brugnara is disputing allegations that he damaged a Las Vegas home he had rented in 2009.
U.S. sues Southern Nevada rancher in grazing dispute: Monday, May 14, 2012; The federal government on Monday filed a trespassing lawsuit against a Southern Nevada rancher who for years has been fighting orders that he remove his cattle from public land.
Saks plans luxury outlet in downtown Las Vegas: Company officials not saying whether new store will affect operation at Las Vegas Outlet Center Annex; Monday, May 14, 2012; Luxury retailer Saks Inc. plans to open an outlet store in downtown Las Vegas in 2015, a mall owner announced Monday. Simon Property Group Inc., the Indianapolis-based owner of Las Vegas Premium Outlets–North, said Saks would open a Saks Fifth Avenue OFF 5TH store there three years from now. Saks Fifth Avenue OFF 5TH, according to Saks, strives to be "the premier luxury off-price retailer in the United States."
Cosmopolitan of Las Vegas facing wage, overtime lawsuit: Monday, May 14, 2012; A fired worker is suing the Cosmopolitan of Las Vegas, claiming she and other employees weren’t paid for all hours worked and were shorted on overtime.
Owner of Stratosphere sees revenue improve, still posts loss: Monday, May 14, 2012; Stratosphere hotel-casino owner American Casino & Entertainment Properties LLC on Friday reported continued improvements in business with a smaller quarterly loss on higher revenue.
Rhodes Homes creditors going after founder Jim Rhodes: Monday, May 14, 2012; Creditors in the Rhodes Homes bankruptcy case in Las Vegas are suing company founder Jim Rhodes in hopes of seizing his valuable land holdings near Red Rock and recovering hundreds of millions of dollars in losses.
Riviera reports loss of $4 million during 1st quarter: Friday, May 11, 2012; Even as it hopes for financial improvements with a capital investment program, the Riviera on the Las Vegas Strip reported Friday that it lost $4 million during the first quarter ending March 31.
Foreclosures continue to hold down Las Vegas home prices: Friday, May 11, 2012; The latest residential real estate data show a good-news, bad-news scenario continuing for Las Vegas. The bad news is that among 146 of the largest housing markets in the United States, Las Vegas was one of 72 markets to see prices decline in the first quarter from a year earlier.
Betsey Johnson going-out-of-business sales start in Las Vegas, around the world: Friday, May 11, 2012; Women’s wear retailer Betsey Johnson LLC on Friday launched going-out-of-business sales at its stores in the Las Vegas area and around the world after filing for bankruptcy.
Magician David Copperfield sues over work at private island retreat: Thursday, May 10, 2012; Las Vegas-based magician David Copperfield is suing a local company in a dispute over work at his $80 million private island compound in the Bahamas.
Ahern Rentals receives extension to propose bankruptcy plan: Thursday, May 10, 2012; The owner of Nevada-based construction supplier Ahern Rentals Inc. has received a boost in his efforts to maintain control of the company as it works its way through the bankruptcy process.
Cosmopolitan narrows 1st-quarter loss, seeks to grow gaming revenue: Thursday, May 10, 2012; The Cosmopolitan of Las Vegas on the Strip has reported a smaller first-quarter loss than last year with a big jump in nongaming revenue. The Cosmopolitan lost $23.4 million in this year’s first quarter vs. a loss of $56.8 million in the first quarter of 2011.
LV law firm in bankruptcy: Wednesday, May 9, 2012; Las Vegas law firm The Powell Litigation Group P.C. filed for Chapter 7 bankruptcy protection and liquidation on Wednesday.
Patent enforcer sues over slot machine feature: Wednesday, May 9, 2012; Slot machine maker WMS Gaming Inc. and four casino operators were sued Wednesday over allegations certain of their slots infringe on a Virginia company’s patent.
Las Vegas Monorail poised to emerge from bankruptcy: Wednesday, May 9, 2012; The Las Vegas Monorail appears poised to emerge from bankruptcy after U.S. Bankruptcy Judge Bruce Markell on Wednesday said its latest reorganization plan is feasible.
Okada tries again to pry records from Wynn Resorts: Wednesday, May 9, 2012; In another clash between casino billionaires Kazuo Okada and Steve Wynn, Okada’s attorneys have gone back to Nevada state court in hopes of prying financial information and other records from Wynn.
Chicago-area, LV tech company in bankruptcy: Tuesday, May 8, 2012; Chicago-area technology company Intrinsic Technologies LLC filed for Chapter 11 bankruptcy reorganization on Tuesday in Las Vegas.
Report: Manufacturing still vital part of U.S. economy: Tuesday, May 8, 2012; Manufacturing, an often overlooked part of the Southern Nevada economy, is receiving renewed attention as a new report highlights possibilities for beefing up the sector.
Utilities report profits up; gas rate increase sought: Tuesday, May 8, 2012; Las Vegas-based utility companies Southwest Gas Corp. and NV Energy are reporting higher first-quarter profits. Southwest Gas last week said it earned $78.9 million, or $1.70 per share, on operating revenue of $657.7 million.
Tropicana Las Vegas 1st-quarter loss narrows: Tuesday, May 8, 2012; The Tropicana Las Vegas on Monday posted a smaller first-quarter loss as revenue improved. In its quarterly report, the hotel-casino said it lost $8.02 million in the quarter ending March 31 vs. a loss in the year-ago quarter of $9.07 million.
Despite bump, Las Vegas home prices expected to fall through 2013: Tuesday, May 8, 2012; A flurry of new data is sending mixed messages about trends in the Las Vegas-area residential real estate market. First, data provider CoreLogic of Santa Ana, Calif., reported that Las Vegas-area home prices in March fell 5.1 percent from March 2011.
Former Tea Party of Nevada candidate in bankruptcy: Tuesday, May 8, 2012; Former U.S. Senate candidate Jon Scott Ashjian, his spouse and one of their companies has filed for Chapter 7 bankruptcy protection and liquidation.
Las Vegas developer lists over $500 million in debt in bankruptcy filing: Monday, May 7, 2012; Las Vegas developer Bill Plise revealed in Bankruptcy Court on Monday he's in debt to the tune of a staggering $506.5 million, while his assets are valued at just $4,738. Plise filed for personal Chapter 7 bankruptcy protection on April 23.
Would-be Las Vegas developer sued over damage to rental home: Monday, May 7, 2012; Former Las Vegas casino and topless club investor Luke Brugnara is being sued over allegations he trashed a rental home in Las Vegas. Brugnara nearly two years ago was sentenced in California to two and a half years in prison for tax evasion and poaching steelhead trout.
Righthaven copyrights fail to sell at auction: Monday, May 7, 2012; Creditors of Las Vegas copyright lawsuit filer Righthaven LLC are licking their wounds after no one bid for Righthaven copyrights in an eBay auction that ended Saturday.
Retired Metro cop, his wife, plead guilty in bank fraud case: Friday, May 4, 2012; A retired Metro Police officer and his wife have agreed to plead guilty in a bank fraud case involving a downtown Las Vegas cafe — a case running parallel with the Las Vegas area's homeowner association corruption scandal.
Prices slashed on Righthaven copyrights up for auction: Thursday, May 3, 2012; Certain copyrights seized from Righthaven LLC of Las Vegas are being offered at auction for a minimum bid of $50 apiece — a 50 percent discount.
Las Vegas HOA alleges fraud in fighting law firm’s fees: Thursday, May 3, 2012; A Las Vegas homeowners association says it was defrauded by the late construction defect attorney Nancy Quon’s law firm and should not have to pay fees to what’s left of the firm.
Quon was found dead in March.
MGM loss up in 1st quarter, despite jump in revenue: Thursday, May 3, 2012; MGM Resorts International on Thursday reported a wider first-quarter loss than a year ago, though business picked up on the Las Vegas Strip.
Scant interest so far in auction of Righthaven copyrights: Wednesday, May 2, 2012; With buyers not exactly beating down the door for Righthaven LLC’s trademark and certain copyrights, an auction for those items was extended Wednesday.
Nevada Supreme Court orders stay of coroner’s inquest: Wednesday, May 2, 2012; The Nevada Supreme Court on Wednesday ordered Clark County officials not to conduct a coroner’s inquest planned for Thursday — the first such inquest under controversial new procedures more favorable to family members of people killed by police.
Las Vegas Sands seeks to shut down alleged counterfeit website: Wednesday, May 2, 2012; Las Vegas Sands Corp. moved Tuesday to shut down what it says is a counterfeit website impersonating Sands’ home page.
14 more criminal cases unsealed in Las Vegas HOA probe: Tuesday, May 1, 2012; Eight more alleged “straw buyers’’ have been identified in the Las Vegas-area homeowners association corruption investigation dating to 2008 or earlier.
Tropicana Entertainment loses $4.82 million in 1st quarter: Tuesday, May 1, 2012; Tropicana Entertainment Inc. of Las Vegas on Tuesday said its first-quarter loss widened on weakness in the Nevada market and unlucky play in Atlantic City.
Caesars’ loss widens as cost of interest on debt rises: Tuesday, May 1, 2012; Hotel-casino operator Caesars Entertainment Corp. of Las Vegas on Tuesday said its first-quarter loss widened, even as business improved in Las Vegas. Caesars said it lost $280.6 million in the quarter ended March 31 vs. a loss in the year-ago quarter of $147.5 million.
UFC fighter Nick Diaz sues to block suspension: Monday, April 30, 2012; UFC fighter Nick Diaz is asking a Las Vegas judge to lift the suspension of his Nevada fighter’s license. On Feb. 8, the Nevada State Athletic Commission suspended the license of Diaz and launched disciplinary proceedings against him.
Righthaven copyright, trademark auction begins Monday: Saturday, April 28, 2012; The second auction of Righthaven LLC assets, including its trademark and a copyright for a Las Vegas Review-Journal editorial, is scheduled to begin Monday morning on eBay.