RJ reporter Eli Segall talks about the numbers behind the sale and lease back of the Raiders headquarters in Henderson and why businesses make these types of land grabs. (Renee Summerour/Las Vegas Review-Journal)
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The world’s fourth-largest crawler crane has arrived to begin work on the MSG Sphere at The Venetian. (Renee Summerour/Las Vegas Review-Journal)
The 869-ton, 580-foot-high DEMAG CC-8800, the world’s fourth-largest crawler crane, has arrived in Las Vegas to begin work on the MSG Sphere project. (Madison Square Garden and Michael Quine/Las Vegas Review-Journal)
In early 2019 Las Vegas home prices were rising at the fastest rate in the nation. But Las Vegas ended 2019 with some of the slowest-rising prices in the nation. In December, Southern Nevada prices were up 2.6% year-over-year in December, compared to 3.8% nationwide, according to the S&P CoreLogic Case-Shiller index . Phoenix saw a a 6.5% price gain. Charlotte, North Carolina, saw a 5.3% price gain. Tampa, Florida saw a 5.2% price gain. Prices rose just 1% in Chicago and New York. (Las Vegas Review-Journal)
Japan is getting ready to issue three highly coveted gaming licenses. The country’s gaming market is estimated to be worth more than $25 billion a year once resorts open in 2025. If the estimates stand up, Japan would become the second-largest gaming market in the world behind Chinese gaming enclave Macau. MGM and at least eight other companies had been vying for the Japanese licenses. In 2019 Las Vegas Sands Corp. and Wynn Resorts Ltd. turned their attention to other areas. Caesars Entertainment Corp. dropped out of the race altogether. MGM teamed up with Japanese financial services group Orix for its bid for a gaming license. MGM/Orix group was the only one to participate in the RFP process. “We think MGM is in a very good position in Osaka at this point” – Union Gaming analyst John DeCree (Las Vegas Review-Journal)
Resorts World Las Vegas President Scott Sibella gives a brief tour during construction on Resorts World hotel-casino at the north end of the Las Vegas Strip. (Michael Quine/Las Vegas Review-Journal)
Review-Journal real estate reporter Eli Segall speaks with Renee Summerour about a California developer’s plan to help revamp the south Las Vegas Strip. (Renee Summerour/Las Vegas Review-Journal)
Las Vegas locals Sam Cruz and Jeff Gaglione discuss their engagement, in their future wedding venue at Emerald at Queensridge in Las Vegas, on Monday, Feb. 3, 2020. (Elizabeth Page Brumley/Las Vegas Review-Journal) @elipagephoto
MGM Resorts International CEO Jim Murren will be stepping down as chairman and CEO. (James Schaeffer / Las Vegas Review-Journal)
On Feb. 10, 2020, Wynn Las Vegas opened its new convention center expansion that more than doubled its sellable space. (Michael Quine/Las Vegas Review-Journal)