Las Vegas investor Ofir Hagay and partners recently bought several office buildings for $84 million combined. They picked up seven buildings in Summerlin and vacant space in Town Square Las Vegas. The sale comes as Las Vegas’ once-battered office market finds stronger footing. Hagay and other investors have been buying buildings amid job growth and shrunken vacancies.
U.S. securities regulators are asking a federal court to oust Tesla Inc.’s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private. The Securities and Exchange Commission says in the complaint filed Thursday that Musk falsely claimed in an Aug. 7 statement on Twitter that funding was secured to go private at $420 per share, a substantial premium over the price at the time.
Elon Musk, Tesla CEO Local experts say Tesla’s Gigafactory in Reno is secure — with or without its current CEO, and even if the company were to go belly up. Sam Abuelsamid, senior research analyst at Navigant Research
UNLV collects top-line results for the past six months in five Nevada reporting areas Here are some stats from February through July 2018 Statewide, gaming revenues are up 4.58% for the past six months, with a 3.33% increase in slot win and a 6.91% increase in game win. The Las Vegas Strip is up 5.16% for the period, with slot win up 2.05% and game win up 8.32% Downtown Las Vegas is up for the period (0.16%), with a higher slot win (+1.44 %) offset by a lower game win (-2.73%). The Boulder Strip is up 5.97% for the period. Slot win is up 6.42%, helped by an improving game win (+2.45%) Washoe County is up, with a higher total win (+5.37%), higher slot win (+5.88%), and higher game win (+2.97%) Source: UNLV center for gaming research https://gaming.unlv.edu/reports/6_month_NV.pdf
Rancho High School is one of 31 Shining Star schools in the state, which serve a high population of low-income students while also achieving academic success. But this year, the school lost half a million in weighted funding to help poor students or English language learners. The funding applies only to underperforming schools. Budget cuts and funding mechanisms have led some educators to feel they’re being punished for performing well.
