Las Vegas’ housing market got beat up so badly during the recession that not along ago it seemed almost everyone with a mortgage was underwater.
Business Columns
After a great Sunday afternoon at the Bellagio, I recalled that MGM indicated it may revisit parking policies at the end of the year.
New York is on track to collect more casino tax revenue than Nevada this year. If that happens, Nevada will become the No. 3 state in the union for collecting tax revenue from the casinos within its borders
It’s time for Las Vegas to stake a claim on Halloween and turn it into one of those holidays you have to be here at least once in your life.
Landlords are writing hefty checks for rental properties, paying prices that sellers probably only dreamed of a few years ago. Overall in Southern Nevada, investors paid an average of $110,111 per unit for apartment complexes this year by the third quarter, up 53 percent from 2015, according to brokerage firm Colliers International.
With a burst of billion-dollar deals this year, the Strip’s real estate market has heated up again. But investors didn’t buy megaresorts, the bedrock of the local economy. They bought malls.
Here are nine takeaways from the week photojournalist Erik Verduzco and I spent in Macau for Tuesday’s opening of the Parisian Macao. There’s a lot to be said for “everything under one roof.”
Those are some provoking questions addressed in the new edition of the “Nevada Gaming Law Practice and Procedure Manual,” unveiled last month in a reception during a gaming law conference at UNLV.
“Accounting for the Gaming Industry,” “Sociology of Gambling” and “Casino Marketing” are courses offered through programs coordinated by the University of Nevada, Las Vegas’ International Gaming Institute.
Anyone who has studied the numbers regularly knows that the gaming win statistics for Southern Nevada’s geographic regions are extremely volatile. One month, an area may be up by double-digit percentages. The next, it could be down by double-digit percentages. Then, maybe the next month, it levels off, only to climb high, then drop low, just like the Desperado coaster at Primm, a personal favorite.
We’ll have to endure the summer heat twice before we get to see the puck drop at T-Mobile Arena for the Las Vegas Whatever-We’re-Going-to-Call-Them hockey team competing in the National Hockey League’s 2017-18 season.
With several presentations vying for attention at the same time at last week’s 16th International Conference on Gambling and Risk Taking, it wasn’t too surprising that it was a small and mostly local crowd that showed up to hear four panelists talk about opening day at The Mirage more than 25 years ago.
When my journalism career landed me in Las Vegas in 1991, The Mirage and the Excalibur had recently opened. At that time, I could only imagine the explosive growth on the horizon for the Strip and how the gaming industry was going to forever change.
In an interview in 1990, I learned a lesson or two about finance. But I also learned about the competition, rivalries and personalities that make up the casino industry.
Lawmakers in more than two dozen states are considering daily fantasy sports proposals that would either legalize and regulate the activity, ban it outright, or do nothing.