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Turnaround story unfolds for MGM Resorts International

CityCenter opened in December 2009 to cost-overruns and a depressed consumer market. MGM Resorts’ stock price was trading in single digits and the company was looking to unload several hotel-casinos to bolster its sagging balance sheet. MGM Resorts’ survival was in doubt — but today it’s a whole new story.

Amazon moving distribution warehouse to Reno

Amazon intends to move its distribution warehouse from Fernley to an industrial park north of Reno next year, a move that will shift hundreds of jobs from Lyon to Washoe County.

Strip land values react to deal for Frontier site

James Packer, CEO of Melbourne-based Crown Resorts Ltd., is forming a company with ex-Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management to construct a hotel-casino on the 35-acre site where the New Frontier once was.

 
‘Turtles’ coming out on top

Moviegoers continued to shell out for “Teenage Mutant Ninja Turtles,” while Sylvester Stallone’s “The Expendables 3” was easily out-gunned in its weekend debut.