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Business

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

THE LATEST Business NEWS
Despite profit dip, Penn plans expansion

Penn National Gaming’s profit fell some 23 percent in the second quarter as lower-than-expected results from its casinos in Indiana, West Virginia and New Mexico drove down results.

Security lesson for club staffers

Regulators are shining a spotlight into Las Vegas’ booming nightclub industry. The new scrutiny, particularly this month’s decisions by gaming regulators to fine Planet Hollywood Resort $500,000 and by the county to deny Privé a liquor license, has prompted new interest in the class aimed at increasing professionalism in the nightclub industry.

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Rio indefinitely closes adult-themed Sapphire Pool

Summit puts spotlight on clean energy

Perspective is an interesting thing. If you’re too far away from something, you don’t see the details. If you’re too close, you miss the big picture. In my experience, the best strategy for maintaining a healthy perspective is to keep both in mind. Look at the big picture and use it as a guide as you handle the necessary details.

Privé’s appeal rejected; Rio closes adult-themed pool

A Clark County official on Tuesday denied an appeal by operators of Privé nightclub to reinstate a liquor license that would allow the Planet Hollywood party spot to remain open. The decision means the club will be closed until at least Aug. 4, when operators have a chance to make their case to Clark County commissioners.

Also, the Rio decided to indefinitely close its adult-themed Sapphire Pool after it failed an “integrity check” by Metro police on Saturday, the property’s owner confirmed late Tuesday.

IN BRIEF

RENO

$13.9 million in energy funds could mean jobs for Nevada

Officials say a new federal spending program could create nearly 400 energy-sector jobs in the Silver State, but it’s too early to tell how much of that spending will happen in Southern Nevada.

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Will Las Vegas Valley home prices drop in 2026?

While the residential real estate market continues to recover from the wake of the pandemic, Las Vegas will not see a recovery in home sales or price growth compared to most other major metro regions in the country.