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November 27, 2014

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Business and Economy

The Data: Nov. 16-22
Nov. 16, 2014
All of the information your business needs: Bid opportunities, bankruptcies filed and building permits issued. To add to our data, email us at [email protected]
Major Southern Nevada construction company being sold
Nov. 14, 2014
One of the largest construction firms in Southern Nevada is being sold. Martin-Harris Construction owner Frank Martin is selling his company’s assets to ...
A view of the newly renovated main entryway at the Stratosphere Hotel & Casino, Thursday April 5, 2012.
Revenue, profit up for Stratosphere parent company
Nov. 14, 2014
The Stratosphere’s parent company, which also owns Arizona Charlie’s and the Aquarius in Laughlin, reported its third-quarter earnings today. As with last quarter, nongaming revenue was key to ...
A sample poker game is played on the Ultimate Gaming website in Las Vegas on April 29, 2013. Ultimate Gaming began offering Internet gambling in Nevada in early 2013.
Nevada online poker company Ultimate Gaming shutting down
Nov. 14, 2014
Ultimate Gaming, one of Nevada’s three legal online poker providers, announced today that it’s ending operations in the state. The move comes about two months after Ultimate Gaming withdrew from New Jersey. In a news release, the company referenced some of the online poker industry’s overall struggles as ...
Tourists pose in front of the iconic Welcome to Fabulous Las Vegas sign in this file photo.
Las Vegas tourism officials see more visitors, money
Nov. 14, 2014
Las Vegas tourism officials say the destination expects to see more than 40 million visitors this year —an all-time record number— after four years of consecutive growth. Las Vegas Convention and Visitors Authority ...
Nevada attorney Mark Thierman has gone from working for big companies to filing lawsuits against them. He is currently counsel in a suit that alleges Amazon warehouse employees should be paid for the time they spend waiting in line to pass through a metal detector at the end of shifts.
Former union-busting corporate attorney takes on Amazon in Supreme Court wage case
Nov. 14, 2014
Members of the carpenters’ union shot at him. The Teamsters chased him down a freeway and the longshoremen slashed his tires. But today, things are different for ...
The Nevada State Legislature building is shown in Carson City, Nev., Thursday, March 31, 2005.
Slot parlors among host of gaming issues legislators will tackle
Nov. 14, 2014
Slot parlors, the role of technology in gambling and illegal sports betting are among the casino-related issues that the Nevada Legislature could take up when it convenes ...
An exterior view of Caesars Palace on Thursday, June 6, 2013.
Caesars layoffs to be ‘spread out evenly’ among properties, won’t exceed 680 workers
Nov. 13, 2014
Debt-saddled Caesars Entertainment confirmed today that it’s laying off less than 1 percent of its total workforce amid ongoing attempts to improve the company’s financial situation. Caesars employs about ...
Businessman Phil Maloof is trying to sell his 59th-floor penthouse at the Palms Place tower for $38 million.
Buy $38 million Palms penthouse, and they’ll throw in a Lamborghini
Nov. 13, 2014
Phil Maloof’s rooftop penthouse at the Palms is packed with opulence, but after sitting on the market for five months without luring a buyer, his listing agents have thrown in one more perk: A Lamborghini. Under a fittingly flashy promotion, whoever buys Maloof’s $38 million Las Vegas party pad will get a two-year, pre-paid lease on a 2015 Lamborghini Huracán, with an option to ...
People photograph fireworks as Downtown Summerlin celebrates it's grand opening Thursday, Oct. 9, 2014. Grand opening events continue through Sunday.
More than 250,000 flock to Downtown Summerlin in opening days
Nov. 12, 2014
At its opening extravaganza last month, Summerlin’s massive new retail center had fireworks, live music, food trucks and lots of visitors. The 1.6-million-square-foot Downtown Summerlin ...
In this Wednesday, Oct. 29, 2014, photo, gas station prices are posted for passing motorists in Augusta, Ga. The Energy Department's Energy Information Administration predicts in its most recent short-term energy outlook, released Wednesday, Nov. 12, 2014, that drivers will pay $2.94 per gallon on average in 2015, 45 cents lower than this year.
Gas to average under $3 in 2015, government says
Nov. 12, 2014
The average price of gasoline will be below $3 a gallon in 2015, the Energy Department predicted Wednesday. If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year. Economists say lower gasoline prices act like a tax cut, leaving ...
The Red Rock Casino Resort is shown in the western Las Vegas Valley.
Station reports modest revenue growth for 3rd quarter
Nov. 12, 2014
ocals gaming giant Station Casinos, whose properties include Palace Station, Green Valley Ranch and Red Rock Resort, reported its third quarter earnings today. Station’s adjusted earnings before interest, income taxes, depreciation, amortization and management fees — its cash flow — was ...
A view of the UNLV campus Oct. 23, 2013.
Tech-job wave is building in Nevada, but workforce lacks skills, report finds
Nov. 12, 2014
Nevada has the STEM jobs, but many Nevadans don’t have the skill or education to land them. That’s the conclusion of a study being released today ...
Kurtis Keeler of Jamestown, New York, replaces a pump after filling up at a gas station on Blue Diamond Road Thursday, April 14, 2011.
Joy at the pump: Nevada gas prices continue to drop
Nov. 11, 2014
Nevada drivers are taking less of a hit at the pump as gasoline prices continue to drop, due largely to the lower cost of crude oil. Prices statewide for unleaded regular gas averaged ...
An exterior view of Caesars Palace on Thursday, June 6, 2013.
Caesars said to be lining up creditors for January bankruptcy
Nov. 11, 2014
Caesars Entertainment Corp. reached an agreement with key senior creditors on the outline of a debt restructuring plan that includes a prearranged bankruptcy for ...

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