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Business

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

Strip megaresort is keeping free parking for locals through spring

On the heels of a summer visitation slump caused by a myriad reasons, including macroeconomic concerns, negative perceptions around pricing and a significant decline in international travelers, Las Vegas casinos responded with an array of budget-friendly deals and offers.

THE LATEST Business NEWS
Hidden costs ambush buyers

Michael Evans bought the bank-owned fourplex near Monroe Avenue and H Street at an auction without seeing it first. … The condition of the property might have scared off other investors, but he has been rehabbing and renting out property for a long time. … Then he ran into something new.

Rooms coming, but who will stay?

Despite historic visitation drops and the Strip’s worst gaming revenue declines since regulators began keeping records, more hotel rooms are on the way.

Time shares latest victim of recession

Last year — the first since records of time share sales started being kept in the U.S. 30 years ago — sales declined.

Nevada gold mines cash in as consumers flock to metal

The recession has pushed Nevada’s casino gambling sector off the cliff, but the state’s gold mining industry is still enjoying a wild ride that started when the price of gold hit bottom at $251 an ounce in August 1999.

COMING IN THIS WEEK’S BUSINESS PRESS

ROOMS AND DOOM?: As the fiscal downturn gets steeper, Las Vegas gets cheaper. The slump has prompted the wholesale discounting of rooms, and waiving of previously standard terms such as cancellation penalties or minimum tabs. This strategy gets business on the books, observers say, but may not serve hotel-casinos’ best interests.

Las Vegas Average Gas Prices
Regular
Diesel
Source: AAA
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