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Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to the Las Vegas Review-Journal.

Who are the investors buying up Las Vegas homes?

Real estate analysts are struggling to define what an investor is and how to go about properly tabulating their purchases in the valley as President Trump doubles down on banning large institutional investors from the housing market.

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State showing some life at last

Upbeat trends are evident in Nevada’s tourism and gaming industries, two reports released Tuesday showed.

Cashman Center’s rates going up Jan. 1

The board of the Las Vegas Convention and Visitors Authority on Tuesday approved an increase in rental rates and parking fees at Cashman Center.

Legislators tout tax credit extension

A tax credit extension for homebuyers worth an estimated $10.2 billion to $21 billion nationally will help revive Southern Nevada’s dismal real estate market, Reps. Dina Titus and Shelley Berkley, D-Nev., told Realtors on Tuesday.

Hard Rock, parent of Riviera post losses

The Riviera’s parent company and the Hard Rock Hotel on Monday both posted losses for the third quarter as Las Vegas continues to struggle with decreased customer spending and visitor numbers.

Pinnacle CEO resigns

The resignation of Pinnacle Entertainment Chairman and Chief Executive Officer Dan Lee on Monday, a week after Missouri gaming officials said they were investigating his actions at a St. Louis County planning commission meeting, adds a measure of uncertainty to the Las Vegas-based regional casino operator.

Herbst Gaming reduces staff

Bankrupt Herbst Gaming has laid off workers throughout the company, the local gaming company confirmed Monday.

Home sales, median prices rise in valley

Single-family home sales continued to post big numbers in October and median prices rose for the second straight month, the Greater Las Vegas Association of Realtors reported Monday.

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