In one of the potentially largest bankruptcies in Nevada history, Lake Las Vegas, a 3,592-acre residential and resort development in Henderson, filed for Chapter 11 bankruptcy Thursday.
Starbucks Corp. has named all 600 company-owned stores, including 17 in Southern Nevada, it plans to close in a bid to boost its business and weed out unprofitable locations.
A member of the Boyd Gaming Corp. board of directors resigned from his position with the casino operator last week, six days before his own privately held company pleaded guilty in federal court to felony immigration charges.
Moody’s Investors Service downgraded bond ratings Thursday for Harrah’s Entertainment and Station Casinos based on declining gaming revenues in Las Vegas.
Builders started work in June on the fewest single-family U.S. homes since 1991 and manufacturing in the Philadelphia region contracted for an eighth straight month, signaling the economic slowdown is worsening.
WASHINGTON — If Internet gambling is legalized and taxed, Nevada could receive more than $300 million during the next decade to boost education and job training for foster children in the state, according to advocates of a bill introduced this week in the House.
Only in these current market conditions, with gaming industry stock prices slumping to historic lows, would the leading slot machine manufacturer be praised for a quarterly earnings miss.
