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October 31, 2014

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Business and Economy

Lawyer to seek back wages for up to 20,000 strippers
Oct. 31, 2014
A Las Vegas lawyer says he plans to file a class-action lawsuit seeking back wages for up to 20,000 strippers after a court ruling this week that dancers are club employees and not independent contractors. The Nevada Supreme Court ruled ...
Food 4 Less pulling out of the Las Vegas market
Food 4 Less pulling out of the Las Vegas market
Oct. 30, 2014
Discount grocer Food 4 Less is ditching Las Vegas. Management said today it is converting six locations in the valley to Smith’s Food & Drug stores — both brands are owned by Kroger Co. — and closing eight others as it exits the Las Vegas market. The conversions and closures will take place by early next year. Food 4 Less employs ...
This Aug. 9, 2011, file photo, shows a Wall Street street sign near the New York Stock Exchange, in New York.
Big gain in Visa drives Dow average higher
Oct. 30, 2014
U.S. stock indexes are closing higher as big companies turn in encouraging quarterly results. The Dow Jones industrial average rose more than 200 points Thursday, thanks in large part to ...
An exterior view of the Bellagio, June 6, 2013.
MGM Resorts reports loss of $20.3 million in 3rd quarter
Oct. 30, 2014
Sometimes the house doesn't win as much as it hopes. MGM Resorts International earned $40 million less in revenue from its casinos, largely table games, in the third quarter compared to a year ago. That, plus losses the casino-entertainment company expected from ...
Former NBA player Jackie Robinson, center, smiles during an event to announce the construction of the All Net Resort & Arena Wednesday, Oct. 29, 2014, in Las Vegas. Developers have announced that they will construct a privately-funded sports arena and resort backed by former NBA player Jackie Robinson.
Developers say work to begin on Strip arena at site of old water park
Oct. 30, 2014
Developers said Wednesday they're starting construction on a privately-funded $1.4 billion retractable-roof sports arena and resort backed by a former UNLV and National Basketball Association player at a former water park site on the Las Vegas Strip. Although they await final ...
Apple chief executive and Alabama native Tim Cook waves to the crowd before he is honored by the Alabama Academy of Honor at the Alabama state Capitol on Monday, Oct. 27, 2014, in Montgomery, Ala.
Apple CEO Tim Cook: ‘I’m proud to be gay’
Oct. 30, 2014
Apple CEO Tim Cook says he's proud to be gay. The public declaration, in an essay written for Bloomberg Businessweek, makes Cook the highest-profile business CEO to come out as gay. Cook said that while he never ...
Kim Anderson, CEO of Southern Hills Hospital, Monday Oct. 28, 2014.
Balloon rides, Ebola and business: A talk with a hospital CEO
Oct. 30, 2014
Kim Anderson is CEO of Southern Hills Hospital and Medical Center and the visionary behind the annual Balloon Festival, which lands in Las Vegas this weekend. He talks about how the festival got started, the growth ...
Kingsley Edwards, founder of Leetcoin, in his home office in downtown Las Vegas, on September 15, 2014.
Startups need investors: Here’s a way they find them in Las Vegas
Oct. 30, 2014
Kingsley Edwards, a longtime video game enthusiast, was growing frustrated with just playing virtual casino games for bitcoins. He wanted to compete against other gamers the way online poker players do ...
Greenspun Media Group announces promotions in key leadership roles
Oct. 30, 2014
Key leadership roles within the Greenspun Media Group were reorganized Wednesday to better serve advertisers in its five weekly print publications and the company’s …
Uber West Coast Regional Manager William Barnes sits in the back of a car during a photo shoot Friday, Oct. 24, 2014, in Las Vegas. The ride sharing company has begun operations in Nevada.
Judge refuses to put brakes on Uber ride-sharing service
Oct. 29, 2014
Uber scored an early victory in court today when a Clark County District Court judge declined to issue a temporary restraining order that would have prevented ...
Nevada taxable sales up 7.5 percent in August
Oct. 29, 2014
Taxable sales, one indicator of the Nevada economy, grew to $4 billion in August, a 7.5 percent increase from the same month a year ago. It was the 49th consecutive month ...
Owners of the Hughes Center office park are building a retail plaza that's slated to open in summer 2015 with low-priced eateries. Above, a rendering.
Hughes Center adding cheaper eating options at office park
Oct. 29, 2014
Owners of the Hughes Center are bringing a slate of new eateries to the Las Vegas office park. The Blackstone Group, which bought the 68-acre property last year for $347 million, recently started construction of ...
An aerial view of a residential neighborhood in Las Vegas, Nevada.
Investors’ retreat from Las Vegas housing market triggers sales slowdown
Oct. 29, 2014
When investors flocked to Las Vegas for cheap homes after the economy crashed, they resurrected the housing market with sorely needed ...
Uber West Coast Regional Manager William Barnes sits in the back of a car during a photo shoot Friday, Oct. 24, 2014, in Las Vegas. The ride sharing company has begun operations in Nevada.
Judge to hear motion today about Uber ride-sharing service in Las Vegas
Oct. 29, 2014
Less than a week after launching in Nevada, ride-sharing company Uber finds itself in court today fighting for the right to ...
The Wynn Macau and Encore towers, looking fairly familiar.
Casino mogul Steve Wynn still ‘very bullish on Macau’
Oct. 28, 2014
Wynn Resorts, which runs the Wynn and Encore properties on the Strip in addition to resorts in Macau, reported its third quarter earnings today. Wynn Resorts Chairman Steve Wynn ...

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