After booking a huge windfall shielding himself from stock market chaos, hedge fund operator Bill Ackman is upping his stake in Summerlin developer Howard Hughes Corp. by half a billion dollars.
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The area where the worker had been assigned, and the surrounding vicinity, has been “shut down and is being sanitized immediately” and will remain closed until April 1.
All told, hundreds of thousands of Nevadans work in industries now rocked by sweeping closures – and that doesn’t account for all the people in other sectors that feed off them.
Las Vegas’ housing market faces risky terrain and sales could tumble as Southern Nevada shuts down to contain the new coronavirus, real estate pros say.
U.S. homebuyer interest has dropped sharply in the past week as the new coronavirus upends daily life with sweeping business closures and other shutdowns.
Just days after saying construction on the Florida resort would not be affected, Las Vegas-based Allegiant Travel Co. on Wednesday unveiled a slate of measures in response to the new coronavirus.
Travel spending, including on transportation, hotels and attractions, is projected to fall by $355 billion this year, the group said.
Employees will continue to receive benefits and pay during the closure, which is set to last through at least March 31.
Rates for hotel rooms during the upcoming NFL draft were already sliding last week as Las Vegas and other cities shut down to contain the spreading coronavirus.
Las Vegas’ economy was humming along — and then the coronavirus hit.