las vegas business
Las Vegas based Bally Technologies will merge with Scientific Games in a deal worth just over five-billion dollars.
Nevada’s taxable sales rose 8 percent in May compared to the same month a year ago, but sales and use tax collections are lagging behind projections for the current fiscal year by about one-half of a percent.
MGM Resorts says its third-quarter loss narrowed as gambling revenue improved and it paid less interest on debt.
MGM Resorts International reports an unexpected profit in the first quarter, as the casino operator benefited from rooms and gambling tables on the Las Vegas Strip, and the strength of Macau.
Casino operator Las Vegas Sands Corp. plans to pay a special dividend of $2.75, distributing about $2.26 billion to its shareholders by the end of the year.
Leaders of the Las Vegas Chamber of Commerce will be in Washington D.C this week to discuss the “fiscal cliff.”
Las Vegas Strip resorts could see growing revenues next year. A forecast by brokerage from Newmark Grubb Knight Frank predicts Sin City resorts will see a revenue jump of more than 5% in 2013.
A software firm behind the “Grand Theft Auto” franchise is looking to set up shop in downtown Las Vegas.
Two of Las Vegas’ largest casino operators have posted losses in the third quarter.
The Las Vegas’ new Quick Start effort will reimburse qualified business owners up to $50,000, for bringing older buildings up to code.