Nevada’s gaming industry is the biggest employer in Nevada and the most important sector in the state’s economy. In fiscal year 2018, the hospitality industry accounted for nearly 38.9 percent of the state’s total tax revenues and supported 450,100 jobs. While economic development agencies continue their efforts to diversify the Nevada economy, gaming will continue […]
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Zillow Says Home Listing Views Have Surged From a Year Ago
Even in the markets hit hardest by the COVID-19 pandemic, people are back to digitally checking out potential new homes again. Are they looky-loos stuck at home because of the coronavirus pandemic, or genuine buyers temporarily sidelined but still ready to make an offer on a house? Zillow (NASDAQ:Z) isn’t sure, but it says page views for homes […]
What Las Vegas Sands’ Earnings Tell Us About the Casino Industry’s Future
Las Vegas Sands (NYSE: LVS) reported first-quarter earnings on April 22, and it laid out both a scenario for recovery and how the company is preparing for the worst. The headline numbers of a 51.1% drop in revenue to $1.78 billion, net income plunging from $582 million a year ago to negative $1 million, and the suspension of […]
Pay, Benefits To Be Extended For Sands Workers In Las Vegas
Employees of Las Vegas Sands Corp., operator of The Venetian, Palazzo and Sands Expo and Convention Center on the Strip, will have pay and benefits extended at least through May 17. In a letter dated Thursday from Chairman and CEO Sheldon Adelson, the company reiterated its commitment made March 17 to provide pay and benefits for 9,300 […]
50 Las Vegas Singers Unite For COVID-19 Support Anthem
When members of the Las Vegas entertainment community seek inspiration, they instinctively turn to Keith Thompson. And Thompson rises to the occasion, every time. Even if it means bringing together dozens of singers and musicians for a single message of hope. The co-founder and emcee of The Composers Showcase of Las Vegas has written and […]
Support a Las Vegas Business, Thank a First Responder
How can we help? With businesses closed, Las Vegans out of work and first responders pushed to the limit, that question is becoming more prevalent in the valley. A new gift card program, which went live Wednesday, aims to answer that question by providing a way for people to help front-line COVID-19 responders and struggling […]
Las Vegas To Start Three-Year Downtown Roads Project On April 27
A three-year project on downtown Las Vegas’ roads is set to begin on April 27, according to the City of Las Vegas. On Monday, road work will start consecutively on Las Vegas Boulevard from Stewart Avenue to Sahara Avenue, Bridger Avenue from 13th Street to Las Vegas Boulevard and Third Street from Utah to Colorado […]
Nevada Gaming Officials Detail Requirements For Casino Reopenings
The state Gaming Control Board has issued a six-page, 18-point policy memorandum on procedures for reopening casinos after their temporary closures due to the COVID-19 outbreak. The policy, posted late Tuesday on the Control Board’s website, describes a streamlined process that will enable companies to reinstate the registration of casino employees laid off or furloughed […]
Treasure Island Planning To Open May 15
Treasure Island is planning to open its doors to guests May 15, even though Gov. Steve Sisolak said Wednesday that the statewide casino shutdown, currently set to end April 30, probably will be extended an undetermined amount of time. The property’s website says the hotel-casino is closed by order of the governor’s office but “will […]
Wall Street Has Mixed Day As Rally Disappears
An early rally on Wall Street suddenly vanished, the latest example of how fragile the hopes underpinning the stock market’s monthlong recovery are. The S&P 500 initially shot higher in the morning, completely brushing aside another stunning report showing millions of workers are losing their jobs by the week. Investors were looking ahead, beyond the […]
