Steve Green

Senior Business Reporter

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Story Archive

Man sues for reward in 2004 killing of Las Vegas taxi driver: Monday, Feb. 13, 2012; A man who helped police in the arrest of a Las Vegas cab driver’s killer is now complaining he’s been denied $20,000 in promised reward money.
CityCenter ends 2011 on upswing: Monday, Feb. 13, 2012; MGM Resorts International on Monday disclosed that business improved during the fourth quarter for its half-owned $8.5 billion CityCenter casino resort complex on the Las Vegas Strip.
Western Liberty Bancorp posts $2.4 million loss: Monday, Feb. 13, 2012; Las Vegas-based bank operator Western Liberty Bancorp Inc. said Monday it lost $2.4 million in the fourth quarter as the recession pushed more loans into default.
SEC looking into Wynn's dealings in Macau: Monday, Feb. 13, 2012; Casino resort operator Wynn Resorts Ltd. of Las Vegas on Monday disclosed the U.S. Securities and Exchange Commission is looking into its $135 million donation pledge to the University of Macau and its casino license in Macau.
Cortez Masto: Settlement just one part of Nevada mortgage fix: Friday, Feb. 10, 2012; Nevada’s attorney general said Friday this week’s settlements with banks over foreclosure abuses are just one part of a process aimed at stabilizing home prices and investigating wrongdoing in the field.
Chinese company agrees to finance proposed Henderson arena: Friday, Feb. 10, 2012; A Chinese company and its banks have tentatively agreed to finance a $650 million arena in Henderson, the arena developer announced Friday. Whether the Silver State Arena will actually get off the ground, however, is an open question.
FDIC seeks $86 million from officers of failed Nevada bank: Thursday, Feb. 9, 2012; Regulators filed suit Thursday in Las Vegas against four officers of the failed Silver State Bank, demanding more than $86 million in damages for “gross negligence and breaches of fiduciary duty.”
Critics call foreclosure settlement 'a slap in the face' to affected Nevadans: Thursday, Feb. 9, 2012; At first glance, Nevada’s $1.5 billion settlement with banks over mortgage servicing and foreclosure problems seems like a lot of money. But for the consumers and their attorneys most affected, the deals announced Thursday are woefully inadequate.
Okada gets favorable ruling in case against Wynn Resorts: Thursday, Feb. 9, 2012; Wynn Resorts Ltd. board member Kazuo Okada scored at least an interim legal victory Thursday in his lawsuit against the casino resort company.
Owner weighing options for River Palms casino in Laughlin: Wednesday, Feb. 8, 2012; Tropicana Entertainment Inc. disclosed Wednesday that it’s weighing strategic options for one of its three Nevada hotel-casinos.
Las Vegas home sales rise, but prices fall: Wednesday, Feb. 8, 2012; The latest Las Vegas-area home price statistics show again that year-to-year sales are up while prices are down, the Greater Las Vegas Association of Realtors reported Tuesday.
Law firm hits back against Las Vegas company: Wednesday, Feb. 8, 2012; An international law firm is firing back at Verano Land Group LP, a Las Vegas firm that invested some $65 million in a San Antonio real estate development involving Texas A&M University.
Hospital sued for failing to rehire nurse in catheter probe: Tuesday, Feb. 7, 2012; A nurses’ union sued Sunrise Hospital in Las Vegas on Tuesday after the hospital refused to rehire a nurse who had been investigated in the death of an infant there. A lawsuit filed in federal court in Las Vegas said Sunrise should have rehired Jessica Rice with back pay as it was ordered to in December by Paul Staudohar, an arbitrator with the Federal Mediation and Conciliation Service.
Hooters Las Vegas, creditor fight over $100 million 'deficiency': Tuesday, Feb. 7, 2012; A bankruptcy judge is weighing whether Nevada’s new law on “deficiency judgments” will apply to the auction of the Hooters hotel-casino in Las Vegas. The Legislature last summer passed Assembly Bill 273 in what was billed as an effort to help homeowners losing their homes to foreclosure. With so many homeowners underwater in their mortgages, the Legislature limited deficiency judgments to help them.
The Container Store to enter Las Vegas market at Town Square: Tuesday, Feb. 7, 2012; A unique and fast-growing national retailer, The Container Store, says it plans to enter the Nevada market with a store at Town Square in Las Vegas.
Las Vegas Mob Experience gets new name, owner and manager: Tuesday, Feb. 7, 2012; The Las Vegas Mob Experience at the Tropicana resort is now operating out of bankruptcy, and it’s getting a new name and a new manager.
Fertittas putting another $73 million into Station Casinos: Tuesday, Feb. 7, 2012; Station Casinos LLC executives Frank Fertitta III and Lorenzo Fertitta plan to invest another $73 million in the Las Vegas company by buying out another shareholder. In another indication of the Fertitta brothers’ support for the company and their belief in the struggling locals gaming market, Station disclosed Monday that a company affiliated with the Fertittas plans to buy certain ownership units held by JPMorgan Chase Bank N.A.
Investors unearth new records in alleged Fontainebleau Las Vegas cost overrun coverup: Monday, Feb. 6, 2012; Investors suing over losses at the stalled $2.9 billion Fontainebleau Las Vegas casino-resort say they’ve uncovered startling internal documents detailing how its developer allegedly covered up cost overruns and other problems at the project.
Okada steps up pressure on Wynn: Monday, Feb. 6, 2012; Dissident Wynn Resorts Ltd. board member and shareholder Kazuo Okada is stepping up the pressure on Wynn as he and the Las Vegas company head toward a court showdown.
A resource guide for business owners who need help with taxes: Monday, Feb. 6, 2012; Southern Nevada small-business owners can find plenty of affordable help, online and in person, with their questions on how to tackle bookkeeping, accounting and tax chores — and whether to outsource them.
When taxes attack: Can your business handle tax prep, or is it time to outsource?: Monday, Feb. 6, 2012; With tax season under way, Nevadans are once again asking if they can file their own individual and business taxes or if they need professional help. For most individuals, the April 17 federal income tax deadline is a once-yearly headache. But for local business owners and executives, filing taxes is a year-round concern as companies are required to remit payroll, sales and other taxes on a quarterly or monthly basis — and, in some cases, even more frequently.
Wind damage knocks NV Energy project off schedule: Friday, Feb. 3, 2012; NV Energy said Friday that recent wind damage would delay completion of its $510 million One Nevada Transmission Line that will connect the electricity grids in Southern and Northern Nevada.
Temporary injunction issued in case involving Platters: Friday, Feb. 3, 2012; A judge has ordered a Nevada entertainer to at least temporarily stop marketing himself as a member of the musical group The Platters.
Las Vegas Monorail to shed more debt in latest plan: Friday, Feb. 3, 2012; Las Vegas Monorail Co. proposed a new plan Thursday to emerge from bankruptcy that calls for the system to operate in the black later this decade and even to expand.
Nevada investors sue over San Antonio land deal: Thursday, Feb. 2, 2012; Nevada investors who put up $65 million for a land development deal involving Texas A&M University charge in a new lawsuit that they were damaged by misconduct and self-dealing by the project’s former managers and a prominent San Antonio attorney.
UNLV business dean leaving for job at University of Central Florida: Thursday, Feb. 2, 2012; UNLV is looking for a new dean for the Lee Business School following last week’s announcement that Paul Jarvey, the business dean for the past five years, is leaving for a job in Florida.
Whittemore lawsuits moving into stranger than fiction territory: Thursday, Feb. 2, 2012; Nevadans have seen plenty of business partnerships sour and spill over into acrimonious lawsuits — think Michael Morton v. George Maloof Jr.
Las Vegas Mob Experience developer hit with two lawsuit judgments: Wednesday, Feb. 1, 2012; Jay Bloom, founder of the bankrupt Las Vegas Mob Experience tourist attraction, faces new legal problems in the form of two lawsuit judgments requiring that he and one of his companies pay a total of $153,818.
Las Vegas Sands revenue, profits surged in late 2011, report says: Wednesday, Feb. 1, 2012; Las Vegas Sands Corp. on Wednesday issued the first financial statistics from the Las Vegas Strip for the fourth quarter of 2011, and they confirmed tourism is rebounding in the city.
Developer accuses ex-partners of extortion, making death threats: Wednesday, Feb. 1, 2012; Nevada developer and lobbyist Harvey Whittemore retaliated Wednesday against his former partners, hitting them with a lawsuit alleging racketeering and telling a bizarre story in which he claimed he and his family have endured repeated death threats as part of an extortion scheme.
Civil rights suit filed over fatal Las Vegas police car accident: Tuesday, Jan. 31, 2012; A new round of litigation alleging civil rights violations is under way over a fatal 2007 accident involving a Las Vegas police patrol car.
Foreclosure processor fights Nevada attorney general's robosigning lawsuit: Tuesday, Jan. 31, 2012; Saying there’s nothing illegal about “robosigning” and “surrogate signing,” a big processor of foreclosure paperwork is seeking dismissal of a fraud lawsuit filed by Nevada’s attorney general.
Las Vegas home prices sink to 1997 level, Standard & Poor's reports: Tuesday, Jan. 31, 2012; Las Vegas-area home prices fell in November to a level last seen 15 years ago and will likely keep dropping through late 2013, says new housing data.
Attorneys hit Nevada foreclosure processors with class-action suit: Monday, Jan. 30, 2012; Two attorneys announced Monday they’re suing six companies they claim have been processing Nevada home foreclosures without authorization. Attorneys Nicholas Boylan of San Diego and Shawn Christopher of Henderson said they filed suit last month in Clark County District Court and are seeking class-action status on behalf of 16 Nevadans named as plaintiffs and potentially thousands of more plaintiffs as class members.
O.J. Simpson ‘dream team’ lawyer Robert Shapiro representing Wynn in fight with director: Monday, Jan. 30, 2012; Casino resort company Wynn Resorts Ltd. has hired influential attorney Robert Shapiro and his high-powered Los Angeles law firm to fight a lawsuit filed by disgruntled director Kazuo Okada.
Investors sue Mountain's Edge HOA: Monday, Jan. 30, 2012; The Mountain’s Edge planned community homeowners association is the latest to be sued by investors in Las Vegas-area foreclosed homes. The investors, who already have filed complaints against scores of HOAs with state real estate regulators, lately have also been suing individual HOAs.
Observation wheel, plaza project under way on the Strip: Monday, Jan. 30, 2012; Construction cranes remain idle at the stalled Echelon and Fontainebleau resorts on the Las Vegas Strip — so local residents may find it refreshing to see some building work under way down the street at The Linq.
Lawsuit alleges Harvey Whittemore embezzled from companies: Friday, Jan. 27, 2012; A legal battle erupted Friday over allegations Nevada lobbyist and developer Harvey Whittemore embezzled tens of millions of dollars from companies he co-managed. Three limited liability companies that include investors Thomas Seeno, Walnut Creek, Calif.; and Albert Seeno Jr., Concord, Calif., filed suit against Whittemore in Clark County District Court in Las Vegas.
Las Vegas-area real estate brokerage cuts ties with Coldwell Banker: Friday, Jan. 27, 2012; A shake-up was announced in the Las Vegas residential real estate market on Friday, with Wardley Real Estate saying its longtime relationship with franchisor Coldwell Banker has ended.
Feds take action against third former Silver State Bank exec: Friday, Jan. 27, 2012; Regulators on Friday disclosed an enforcement action against a third former executive at the failed Silver State Bank of Henderson.
Six women lose age discrimination suit against Treasure Island: Tuesday, Jan. 24, 2012; A federal judge has thrown out a lawsuit claiming spa and salon workers were subjected to age discrimination at Phil Ruffin’s Treasure Island hotel-casino in Las Vegas.
Restaurant and nightclub to replace Studio 54 at MGM Grand: Tuesday, Jan. 24, 2012; Hakkasan Ltd., a big name in the international dining world, will debut in Las Vegas at the MGM Grand this year after Hakkasan's plans for the city at Fontainebleau Las Vegas fell through. Nightclub and restaurant operator Angel Management Group of Las Vegas and Hakkasan said Tuesday they were collaborating on a concept for the MGM Grand that would include a Michelin-starred luxury dining brand and a "lavish new nightclub."
Las Vegas No. 40 on 'Happiest Cities for Work' list: Monday, Jan. 23, 2012; Las Vegas isn't a bad city to work in — for those with jobs, that is.
Suit challenging Nevada marriage religious test to continue after surviving dismissal motion: Monday, Jan. 23, 2012; A federal judge has refused to dismiss an American Civil Liberties Union lawsuit challenging Nevada’s "religious test" for officials to perform marriage ceremonies.
University's takeover of Nevada Cancer Institute is finalized: Monday, Jan. 23, 2012; The University of California, San Diego, Health System said Monday it was taking over operations at the Nevada Cancer Institute after receiving Bankruptcy Court approval for its $18 million purchase of NVCI.
Exec for Sunrise charity says she was fired for revealing financial misdeeds: Monday, Jan. 23, 2012; A former executive at Sunrise Children’s Foundation is suing the Las Vegas charity, claiming she was fired for asking too many questions about alleged financial irregularities there.
St. Rose hospitals retain ties to Catholic Church, but parent company splits: Monday, Jan. 23, 2012; Catholic Healthcare West, a big hospital operator in Southern Nevada and the fifth-largest health system in the nation, announced Monday it had changed its name to Dignity Health.
Nevada missing its full potential when it comes to exports: Exported goods and services from Nevada generate $7 billion in sales, but leaders say the state could be reaping more; Monday, Jan. 23, 2012; For many Nevadans, “international trade” might mean heading to Walmart in their import cars to buy Chinese-made computers as well as imported desks and chairs to outfit their offices.
NV Energy sues to curb probe of fatal wreck: Sunday, Jan. 22, 2012; NV Energy is complaining that a Las Vegas law firm is using "improper and unethical" measures to find evidence about November's fatal traffic accident involving an NV Energy truck.
Las Vegas among best destinations for bargain shoppers: Saturday, Jan. 21, 2012; Las Vegas is ranked No. 4 in a new list of the nation’s “Best Cities For Bargain Shopping.” The Forbes list says Las Vegas is among the “top 10 cities for scoring great deals” because the metro area has 19 Walmarts and 225 factory outlet stores.