Las Vegas Business News
Finance
American Homes 4 Rent Reports Strong Q2 Financial Results
News Summary American Homes 4 Rent (AMH) has reported strong financial performance for the second quarter, outperforming analyst expectations. The company achieved Funds from Operations (FFO) of $198 million, exceeding...
MGM Resorts Reports Significant Second-Quarter Profit
News Summary MGM Resorts International has reported a second-quarter profit of $49 million, surpassing analysts’ expectations. Adjusted earnings reached 79 cents per share, significantly outpacing estimates of 73 cents. The...
Las Vegas Sands Reports Significant Revenue Increase
News Summary Las Vegas Sands Corp. shows impressive revenue growth of nearly 15% in Q2, driven by investments in Macao and Singapore, but faces hurdles for casino legalization in Thailand...
Las Vegas Sands Reports Strong Q2 Profit Surge
News Summary Las Vegas Sands Corp. has posted a significant second-quarter profit of $461 million, surpassing Wall Street expectations. The company achieved a net income of 66 cents per share...
Las Vegas Homeowners Embrace Solar Energy Surge
News Summary Las Vegas is seeing a significant increase in solar panel installations as homeowners aim to benefit from federal tax credits before they expire in 2025. With 95% of...
Switch Secures $20 Billion for Expansion and AI Development
News Summary Switch, a Las Vegas-based data center company, has raised $20 billion through sustainable financing to fund expansion projects and reduce debt. This capital will support the development of...
Las Vegas Faces Economic Challenges Amid Declining Tourism
News Summary Las Vegas is experiencing significant economic difficulties as the tourism sector struggles with a 6.5% drop in visitor numbers. The unemployment rate has risen to 5.5%, the second...
Las Vegas Experiences Drop in Tourism Amid Economic Challenges
News Summary Las Vegas reported a 6.5% decline in tourism in May, with 3.5 million visitors compared to last year. Factors such as inflation and tariffs are affecting consumer spending....
Concerns Rise Over Nevada’s Revenue Projections
News Summary A Nevada panel has revised its revenue outlook for non-major sources over the next two years, highlighting declining tax revenue mainly due to Las Vegas tourism. In the...
Construction
Oakland Athletics Partner with Aramark for New Las Vegas Stadium
News Summary The Oakland Athletics have formed a significant partnership with Aramark Sports + Entertainment, which now holds a minority ownership stake in the team. This collaboration will see Aramark...
Las Vegas Implements Stricter Swimming Pool Regulations Amid Drought
News Summary In response to the ongoing drought, the Clark County Commission in Las Vegas has limited new swimming pool sizes for single-family homes to 600 square feet. The regulations...
Las Vegas Chinatown to Unveil $140 Million Residential Complex
News Summary Las Vegas is embarking on a significant transformation with the approval of a $140 million residential complex named ‘Pearl’ in the Chinatown area. The project will include 380...
Walmart to Open New Supercenter in North Las Vegas
News Summary Walmart is launching a new Supercenter in North Las Vegas, which will bring around 300 new jobs to the area. Located on Revere Street and West Dorrell Lane,...
Switch Secures $20 Billion for Expansion and AI Development
News Summary Switch, a Las Vegas-based data center company, has raised $20 billion through sustainable financing to fund expansion projects and reduce debt. This capital will support the development of...
North Las Vegas Welcomes New Walmart Supercenter
News Summary A new Walmart Supercenter is set to begin construction in North Las Vegas, bringing 300 new jobs to the community. The store, spanning 175,000 square feet, will offer...
Switch to Build New AI Factories in Las Vegas
News Summary Switch, a major data-center operator, is expanding its presence in Las Vegas by constructing new AI factories. Located near existing data centers, the two facilities will focus on...
Las Vegas Rental Prices Stabilize Amid Increased Supply
News Summary Rental prices in the Las Vegas area have stabilized due to an increase in apartment supply, resulting in a decline in prices in several neighborhoods. Spring Valley has...
New Costco Warehouse Under Construction in Spring Valley
News Summary A new Costco warehouse is set to open in Southwest Las Vegas by late 2025. Construction is underway for this sixth location in the region, which will span...
Real Estate & Properties
American Homes 4 Rent Reports Strong Q2 Financial Results
News Summary American Homes 4 Rent (AMH) has reported strong financial performance for the second quarter, outperforming analyst expectations. The company achieved Funds from Operations (FFO) of $198 million, exceeding...
Las Vegas Short-Term Rental Association Challenges Regulations
News Summary The Greater Las Vegas Short-Term Rental Association has filed a federal lawsuit against Clark County and state regulations, claiming they violate the constitutional rights of rental owners. With...
Las Vegas Housing Market Faces Uncertainty with High Prices
News Summary The Las Vegas housing market is currently grappling with record high median home prices, which reached $485,000, and a significant rise in available inventory. With a 70% increase...
Las Vegas Chinatown to Unveil $140 Million Residential Complex
News Summary Las Vegas is embarking on a significant transformation with the approval of a $140 million residential complex named ‘Pearl’ in the Chinatown area. The project will include 380...
Las Vegas Homeowners Embrace Solar Energy Surge
News Summary Las Vegas is seeing a significant increase in solar panel installations as homeowners aim to benefit from federal tax credits before they expire in 2025. With 95% of...
Las Vegas Real Estate Agents Exploit Loopholes in Commission Rates
News Summary Real estate agents in Las Vegas are reportedly exploiting loopholes to maintain high commission rates, despite a recent settlement aimed at reducing these fees. The National Association of...
Las Vegas Faces Growing Squatter Crisis as Homeowners Seek Security
News Summary A growing squatter crisis in Clark County, particularly in Paradise Palms, is prompting homeowners to hire private security firms. With local police overwhelmed, companies like Protective Force International...
North Las Vegas Introduces Housing Units for Veterans
News Summary North Las Vegas has launched a new initiative to combat the affordable housing crisis by unveiling housing units specifically for veterans. Developed by Rebuilding Together Southern Nevada with...
Cox Communities and LGI Homes Enhance Internet Access in Southern Nevada
News Summary Cox Communities and LGI Homes have partnered to improve internet connectivity for homeowners in Southern Nevada. New residents in LGI Homes will have access to high-speed fiber internet...
Marketing
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