Faraday Future, whose much-hyped car plant in North Las Vegas never came out of the ground, has sold its land for less than half the asking price to a Canadian investment firm.
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The nearly 51-year-old hotel-casino, estimated to be worth between $850 million and $950 million by Macquaire analyst Chad Beynon, has been a gold mine for MGM Resorts.
The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight.
British tour operator Thomas Cook fell victim to multiple setbacks including shifting travel habits, the rise of online booking sites, the sinking pound and even unusually hot weather that encouraged fewer Northern Europeans to travel.
Caesars Entertainment said Monday that it will continue to operate the resort under a lease agreement for at least two years.
The workers left their jobs early Monday after their four-year contract with the company expired.
British tour operator Thomas Cook collapsed after failing to secure rescue funding, and travel bookings for its more than 600,000 global vacationers were canceled early Monday.
When the Nevada Legislature locked in a taxpayer contribution of $750 million to build Allegiant Stadium, it offered no mechanism for the Raiders to pay any of it back.
“There’s a lot more going on now than three years ago,” said Derek Stevens, owner of the D Las Vegas and Golden Gate and developer of Circa. “I feel very bullish on downtown. Obviously, that’s where I put my money.”
Hilton Hotels leader and philanthropist Barron Hilton played an influential role in Las Vegas gaming history, helping to bring “real legitimacy” to the industry on Wall Street, a retired company executive said Saturday.
The New York financial giant, said to be eyeing deal for Bellagio and MGM Grand, is a major buyer of Las Vegas real estate, including The Cosmopolitan of Las Vegas and the World Market Center.
Shoppers were lined up outside the Summerlin store by 7 a.m. to await the store’s 8 a.m. opening on Friday, which marked the global launch of Apple’s iPhone 11.
A few months after it celebrated a massive expansion plan, Switch appears to have bought big tracts of land near its Las Vegas headquarters.
Western Governors University has appointed Annalisa Holcombe as president of WGU Advancement, effective Sept. 16.
Walmart says it will stop selling electronic cigarettes at its namesake stores and Sam’s Clubs following a string illnesses and deaths related to vaping.
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