Seven community development entities, or investment funds, won a combined $200 million in state tax credits meant to support economic development and job growth in Nevada. The catch is they must invest 85 percent of the credits within one year.
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LUDLOW, Mass. — Ludlow has become the first surrounding community to sign a mitigation agreement with MGM Resorts International for its proposed Springfield casino.
Nevada Restaurant Services Inc., which operates more than 80 Dotty’s taverns statewide, was given preliminary approval Wednesday by the Gaming Control Board to acquire the Hacienda near Boulder City.
The Hacienda near Boulder City will be renamed the Hoover Dam Lodge, but the 390-room hotel-casino overlooking Lake Mead will close “for a few days” once its sale is finalized, possibly by next month.
Huntington Capital, a boutique San Diego-based private equity firm focused on lower-to-middle market investment opportunities, has hired two full-time employees and opened offices in Las Vegas and Reno, state Treasurer Kate Marshall said Wednesday.
In a surprise move, state Employment Security Division administrator Renee Olson on Wednesday reduced the state unemployment tax paid by employers to an average rate of 1.95 percent, down from the 2.1 percent rate recommended in October by a citizens group.
Key Asian markets are in focus for the Nevada Tourism Commission this year. The travel marketplace during the 2013 Governor’s Conference on Tourism will highlight China, South Korea and Japan.
Even with competition from more than a half-billion dollars’ worth of elaborate Strip retail districts under development, Larry Siegel says his planned Grand Bazaar Shops near the entrance to Bally’s will stand out.