Multibillion-dollar property sales can be structured to allow buyers and sellers to avoid paying the transfer taxes that support schools and other programs in Nevada.
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Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
The Nevada Gaming Commission gave unanimous final approval Thursday to MGM Resorts International’s plan to buy The Cosmopolitan of Las Vegas for $5.65 billion.
Chairman and CEO Rob Goldstein details the pain of leaving the Las Vegas market, the hopes the company has for Macao and prospects for new markets in the U.S. and Asia.
A slots player won more than $1 million on Friday afternoon at a Strip resort.
The Las Vegas Convention and Visitors Authority board of directors on Tuesday unanimously approved the sale of 10 acres of Strip-front property to a Chilean resort and real estate developer for $120 million.
Stan Mallin, half of the duo who changed the face of the Strip by building Caesars Palace and Circus Circus, has died. He was inducted into the Gaming Hall of Fame in 2019.
The iconic sign featuring the portrait of Abram Henson “Arizona Charlie” Meadows, a Wild West Show performer, will arrive later in the summer to the downtown museum.
The Nevada Gaming Control Board has waived occupancy restrictions at some Las Vegas casinos. Here’s a list of casinos now allowed to operate at 100 percent capacity.
MGM Resorts International, Caesars Entertainment Inc. and Station Casinos are the latest major companies to have gaming floor capacity and social distancing restrictions waived by Nevada regulators. Silverton also got the green light.