Nov. 22, 2011: The Expanded Gaming Act initiates a commercial casino industry in Massachusetts. Dec. 16, 2013: Wynn Resorts Ltd. and its Massachusetts subsidiary are found suitable to apply for a state gaming license. Sept. 16-17, 2014: The Massachusetts Gaming Commission votes for Wynn Resorts’ $1.6B Wynn Everett proposal. The commission then votes to award a license to Wynn. Jan. 2, 2015 : Wynn Resorts acquires the 33-acre Everett site on the Mystic River. March 2016 : Steve Wynn announces a budget of $2B for the resort and a new working name — Wynn Boston Harbor — as well as a planned July startup. Construction begins in August. Jan. 26, 2018: The Wall Street Journal publishes a story alleging sexual misconduct and sexual harassment over several years by Steve Wynn. Wynn denies harassing anyone. Jan. 29, 2018: The Massachusetts Gaming Commission begins a regulatory investigation of Steve Wynn and Wynn Resorts. Feb. 6, 2018: Steve Wynn steps down as chairman and CEO of Wynn Resorts. April 2, 2019: The Massachusetts Gaming Commission begins a hearing to determine the standing of Matt Maddox and Wynn Resorts. April 30, 2019: The Massachusetts Gaming Commission delivers its decision.
Las Vegas home prices grew fastest among major markets in February for the ninth straight month. But amid affordability concerns, the growth rate has slowed down. Southern Nevada prices in February were up 9.7% from a year earlier, according to the latest S&P CoreLogic Case-Shiller index. The last time Las Vegas’ price growth fell below 10% was in September 2017, S&P Dow Jones Indices reported.
According to a 2018 report from the Las Vegas Convention and Visitors Authority, bars and lounges are showing to be more popular than night clubs in the valley. While 7 percent of respondents said they went to a hotel nightclub, 52 percent made a stop at a hotel bar or lounge. Additionally, the number of visitors who said they’d visited a hotel nightclub with a cover dropped from 13 percent to 7 percent between 2017 and 2018. Matthew Minichino, vice president of nightlife and daylife for Hard Rock International
Las Vegas has no shortage of construction around town, and new plans are pitched regularly. But some projects are making more progress than others. Dining and entertainment complex Treehouse Las Vegas was initially scheduled to open in March 2019 but is nowhere close to being finished. Kind Heaven, a Southeast Asian-themed attraction on the Strip, was supposed to debut in August 2019. It’s now scheduled for April 2020. The Bend, a project with restaurants, a movie theater and an office building, was supposed to be finished in 2019. Its developers hope to break ground this year.
April 15 is tax day, the last day to file taxes without penalties. According to the postal service, tax returns are considered on-time if they’re addressed correctly, have enough postage and are postmarked by tax day. For those whose returns didn’t make the cut, the IRS can enforce penalties. The fee for filing late is usually 5 percent of the unpaid taxes for each month the return is late, and won’t exceed 25 percent of unpaid taxes. Failing to pay by the tax deadline results in a penalty of half a percent of the unpaid taxes each month after the due date. According to personal finance website WalletHub, the average American spends 11 hours and $200 to complete an annual income tax return form.
About 90 percent of the specialty jewelers in the U.S. generate less than $2.5 million in annual sales, according to the International Diamond Exchange. Most only operate one or two stores, IBISWorld data shows that the jewelry and watch wholesaling industry revenue dropped 1.8 percent over the past five years as the price of precious metals continue to be volatile. Additionally, IBISWorld reported the marriage rate was expected to decline in 2018, a potential threat to the jewelry stores industry.
Walmart plans to invest $16.3 million in Nevada stores this year. The improvements and innovations are part of Walmart’s plan to invest $11 billion in stores nationwide. Sixteen Nevada stores will offer a grocery pickup option this year, and another six will begin delivering groceries. Five Nevada stores will see pickup towers put in place. The 16-foot-tall machines can fulfill a customer’s online order within a minute of their arrival. Fifteen stores will be seeing FAST unloaders — a device that automatically scans and sorts items unloaded from trucks . Another 15 stores will see autonomous floor scrubbers. Tiffany Wilson, Walmart Director of Communications
Located at the corner of South Third Street and Gass Avenue, the three-story building offers eight screens as well as a bar and lounge. The 72,000-square-foot cineplex features extra-padded reclining seats and theaters that accommodate from 30-40 people to 70-80 people. It opened in 2016, more than two years after its first planned opening date. At the time, its executive director of operations told the R-J the company was “absolutely interested” in growing the brand in Las Vegas and around the country.
Las Vegas’ median sales price of a previously owned single-family house was $300,000 in March, up 7% from a year earlier. Despite the increase, home prices are still below their bubble-era peaks. The median sales price of a previously owned single-family home peaked at $315,000 in mid-2006. Adjusted for inflation, the peak was around $392,430 in today’s dollars — more than $92,000 above the current median.
Summerlin is Las Vegas’ largest master-planned community with 22,500 acres and roughly 110,000 residents. Howard Hughes Corp. also owns the minor-league Aviators team, the ballpark and nearby land, and the open-air Downtown Summerlin mall.