Las Vegas Business News
Finance
Las Vegas Valley Sees Major Surge in Millionaire Households
News Summary The Las Vegas Valley has experienced a remarkable 166% increase in millionaire households since 2019, reaching approximately 879 wealthy families in 2023. This shift is attributed largely to...
Las Vegas Homebuyers Hesitate Amid Economic Uncertainty
News Summary Potential homebuyers in the Las Vegas Valley are experiencing hesitancy in the housing market due to rising costs and economic uncertainty. Despite an increase in available homes, actual...
Las Vegas Lawmakers Debate Creative Economy vs. Film Studio Investment
News Summary Nevada lawmakers are at a crossroads with two competing proposals: Senate Bill 220, which aims to foster a creative economy through educational initiatives at UNLV, and Assembly Bill...
Las Vegas Faces Economic Turmoil with High Unemployment
News Summary Las Vegas is confronting economic challenges as its unemployment rate rises to 5.2%, significantly higher than the national average. Visitor numbers fell by 7% in 2023, impacting the...
Las Vegas Tourism Faces Significant Challenges
News Summary Las Vegas is experiencing a downturn in tourism, with a 6.9% drop in visitor numbers in the first quarter of 2025. Economic issues, reduced flight options, and changes...
Unemployment Rate Drops in Las Vegas Metro Area
News Summary The unemployment rate in the Las Vegas metro area has decreased from 5.6% to 5.2%, indicating a positive trend for the local economy as job losses decline. Despite...
Las Vegas Moves to Simplify Licensing for Sidewalk Vendors
News Summary Clark County and Las Vegas are nearing an agreement to create a multijurisdictional business license for sidewalk vendors, streamlining the licensing process. Currently, vendors face a complex and...
Las Vegas Valley Ranked 27th Most Affordable Metro Area
News Summary Recent analysis by Clever Real Estate ranks Las Vegas Valley as the 27th most affordable metro area in the U.S. Despite a median household income of $75,065, the...
Wynn Resorts Withdraws Casino Plans in New York City
News Summary Wynn Resorts has officially abandoned its plans for a $12 billion casino resort in New York City due to ongoing municipal delays and regulatory challenges. The company will...
Construction
The Hat Announces Expansion to Las Vegas
News Summary The Hat, a beloved pastrami restaurant from Southern California, is set to open its first Las Vegas location in spring 2026. Construction is underway for the new eatery...
North Las Vegas to Review Significant Housing Development Proposal
News Summary The North Las Vegas Planning Commission is set to review a proposal for a 93-lot housing development for Windsor Park residents, who face structural issues and deteriorating infrastructure....
Las Vegas Lawmakers Debate Creative Economy vs. Film Studio Investment
News Summary Nevada lawmakers are at a crossroads with two competing proposals: Senate Bill 220, which aims to foster a creative economy through educational initiatives at UNLV, and Assembly Bill...
Las Vegas Homebuilding Market Faces Significant Slowdown
News Summary Las Vegas is seeing a notable decrease in its homebuilding market, with net sales plunging by 29% in April. While housing prices are rising, buyer demand is faltering...
Southern Nevada Faces Looming Land Shortage for Housing
News Summary Home builders in Southern Nevada are raising concerns about an impending land shortage that could halt new home construction by 2032. The Southern Nevada Home Builders Association is...
Las Vegas Valley Sees Surge in Multifamily Apartment Inventory
News Summary The Las Vegas Valley has experienced a significant increase in multifamily apartment inventory, with 4,600 new units added in the past year. This brings the total to 193,129...
Las Vegas Planning Commission Approves 293-Unit Apartment Complex
News Summary The Las Vegas Planning Commission has approved plans for a new 293-unit apartment complex in central Las Vegas. Developed by Fore Property Co., the project also includes 8,400...
Henderson Ranks 10th in U.S. for New Apartment Sizes
News Summary Henderson, Nevada, has just secured 10th place nationwide for the average size of new apartments, measuring 1,000 square feet. As a trend develops in 2024, larger apartment sizes...
Richmond American Homes Invests in North Las Vegas
News Summary Richmond American Homes has made a significant investment in North Las Vegas by acquiring a 7.7-acre plot for $5.4 million. The company plans to develop an 84-unit duplex...
Real Estate & Properties
Las Vegas Valley Sees Major Surge in Millionaire Households
News Summary The Las Vegas Valley has experienced a remarkable 166% increase in millionaire households since 2019, reaching approximately 879 wealthy families in 2023. This shift is attributed largely to...
Las Vegas Homebuyers Hesitate Amid Economic Uncertainty
News Summary Potential homebuyers in the Las Vegas Valley are experiencing hesitancy in the housing market due to rising costs and economic uncertainty. Despite an increase in available homes, actual...
Habitat for Humanity Launches ‘Make It Home’ Campaign
News Summary The 13 Connects ‘Make It Home’ campaign has been launched in partnership with Habitat for Humanity’s ReStore to offer affordable home furnishings while supporting community housing initiatives. Running...
North Las Vegas to Review Significant Housing Development Proposal
News Summary The North Las Vegas Planning Commission is set to review a proposal for a 93-lot housing development for Windsor Park residents, who face structural issues and deteriorating infrastructure....
Las Vegas Valley Ranked 27th Most Affordable Metro Area
News Summary Recent analysis by Clever Real Estate ranks Las Vegas Valley as the 27th most affordable metro area in the U.S. Despite a median household income of $75,065, the...
Wynn Resorts Withdraws Casino License Bid in NYC
News Summary Wynn Resorts Ltd. has officially withdrawn its bid for a casino license in New York City due to local opposition and a challenging rezoning process. Initially partnering with...
Wynn Resorts Withdraws Casino Plans in New York City
News Summary Wynn Resorts has officially abandoned its plans for a $12 billion casino resort in New York City due to ongoing municipal delays and regulatory challenges. The company will...
Bahama Breeze Closes Its Las Vegas Location Amid National Cutbacks
News Summary Bahama Breeze has shuttered its Las Vegas location on Hughes Center Drive, part of a nationwide closure affecting 15 restaurants across six states. This decision, made by parent...
Southern Nevada Faces Looming Land Shortage for Housing
News Summary Home builders in Southern Nevada are raising concerns about an impending land shortage that could halt new home construction by 2032. The Southern Nevada Home Builders Association is...
Marketing
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