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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.

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Harrah’s extends pact to keep Series on ESPN

Judge OKs motion to cancel Mira Villa pacts

Bankruptcy Judge Bruce Markell on Tuesday approved a motion to terminate remaining contracts for buyers at Mira Villa, one of the first luxury condominium projects in Las Vegas to halt construction.

Privé will reopen on weekend

Privé nightclub and its ultralounge, the Living Room, closed since last month, will reopen this weekend inside Planet Hollywood Resort under a 30-day temporary liquor license with more than a dozen conditions barring activity that caused the clubs to run afoul of Clark County officials.

Wynn tip debate continues

The administrative hearing before Labor Commissioner Michael Tanchek that resumed Tuesday is a continuation of arguments that began in early July on wage claims challenging the tip-pooling policy. Wynn Las Vegas dealers are asking Tanchek to find the resort’s tip-pooling policy illegal under state law and award $35 million in back pay and penalties to nearly 500 dealers. Attorneys for Wynn maintain the policy follows state law by sharing the dealers’ tips with other front-line employees, similar to the relationship between busboys, bartenders and waiters in a restaurant.

Commercial lease rates plummet

Rising vacancy in the commercial real estate markets has put downward pressure on rents, which peaked at about $2.25 a square foot in 2007. Las Vegas-based Applied Analysis reported 9.8 percent vacancy for 51.3 million square feet of retail space in Las Vegas for the second quarter, compared with 6.3 percent vacancy a year ago. Rent fell from $2.18 to $2.06 over the same period.

Local leaders chip in to help green projects with nonprofit

Local government and business leaders on Tuesday unveiled Green Chips, a nonprofit organization meant to channel investment into clean energy and energy efficiency while promoting Southern Nevada as a “green” place to live.

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