Las Vegas, NV

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Group News

Housing recovery at least a year away, analysts say


01/22/2010

Three of Las Vegas’ leading housing analysts said they expect 2010 to mirror 2009 for home sales. They predict prices will remain stable and suggested any recovery won’t come until 2011 at the earliest and most likely later. ...

Mayor says North Las Vegas seeing signs of recovery


01/22/2010

While the recession raged in Southern Nevada, 35 major businesses opened their doors in North Las Vegas, 12 others expanded substantially and 1,500 new business licenses — nearly half of them for home-based operations — were issued by the city. ...

FDIC OKs plans to consolidate local banks


01/22/2010

Capitol Bancorp Ltd. on Thursday said the Federal Deposit Insurance Corp. approved previously announced plans to consolidate four of its local financial institutions: Desert Community Bank, Red Rock Community Bank, Black Mountain Community Bank and Bank of Las Vegas. ...

Bank of Nevada parent company reports quarterly loss


01/22/2010

Western Alliance Bancorporation, parent company of Bank of Nevada, on Thursday said it lost $26.9 million in the fourth quarter of 2009 as it wrote off $36.4 million of bad loans. ...

Gaming supplier IGT reports profit increase in quarter


01/21/2010

International Game Technology saw its profit increase by more than 16 percent during the first quarter of 2010, the Reno-based gaming manufacturer reported today. ...

Carl Icahn group gets licensing to run 3 Nevada casinos


01/21/2010

The Nevada Gaming Commission today approved the licensing of Carl Icahn’s Tropicana Entertainment LLC to control three Nevada properties and position the company to oversee nine casinos in four states. ...

Southwest Airlines posts profit in fourth quarter


01/21/2010

Dallas-based Southwest Airlines, the market leader at McCarran International Airport, today reported fourth-quarter earnings that gave the airline its 37th straight year of profitability. ...

Consultant says aging population a boon to Nevada


01/21/2010

CARSON CITY — Contrary to a popular perception, Nevada senior citizens are a boon to and not a drag on the state’s economy, an economic expert says. And Nevada should think about doing more to attract seniors from other states to spend down their assets, says Jeremy Aguero, a Las Vegas business consultant. ...

Group acquires Artisan Hotel, plans improvements


01/20/2010

The famed Artisan Hotel is getting a second lease on life. Garrett Capital, an affiliate of The Siegel Group, announced today it has acquired the foreclosed non-gaming hotel. ...

Economists predict more struggles for Las Vegas housing market


01/20/2010

The Las Vegas housing market will continue to struggle in 2010 as it faces more price declines and a growing number of foreclosures, economists said Tuesday. ...

Henderson places stricter regulations on massage parlors


01/20/2010

The Henderson City Council voted unanimously Tuesday night to adopt an ordinance that will create stricter rules for massage parlors. ...

Get ready for Groupon


01/20/2010

Coupons are so 2009; get ready for the world of Groupons. ...

MGM Mirage, bar owners tangle over Mandalay lease dispute


01/16/2010

MGM Mirage and a group tied to the troubled Privé nightclub are again set to wrangle in a landlord-tenant dispute, this time centering on the shuttered Bambu Bar at the pool at Mandalay Bay. ...

City to offer free business seminars


01/16/2010

If you'd like to learn some basics about running a small business, the city of Las Vegas is planning another series of free seminars in February. ...

Harrah's to take over Planet Hollywood management


01/15/2010

Harrah's Entertainment will take over the management of the Planet Hollywood resort on the Las Vegas Strip at midnight tomorrow as part of the company's longer-range plan to buy the property, Harrah's announced today. In an internal memo to employees today, Planet Hollywood owner Robert Earl said things would be "business as usual" during the transition. ...

Governor's plan gets 'F'


01/15/2010

Gov. Jim Gibbons recently unveiled his plan to cut millions of dollars from the state budget and improve education. If that sounds like magical thinking, that’s because it is. ...

DesertXpress prepared to build; maglev, monorail extension on hold


01/15/2010

One of the assets of a great tourism destination is its transportation infrastructure, and 2009 had its fair share of news about three rail proposals that not only would get tourists to Las Vegas, but move them around the city once they are here. ...

Retail market struggles as vacancies inch upward


01/15/2010

Two brokerage firms and a consultant said the retail vacancy rate in Las Vegas rose in the fourth quarter. ...

Centerpiece house for builders' conference a no-show


01/15/2010

A Las Vegas house has come to epitomize the struggles of the homebuilding industry. ...

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