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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
Golden Nugget owner sees revenue fall in LV, Laughlin

Gambling revenue at the Golden Nugget properties in Las Vegas and Laughlin fell 15.1 percent to $56.5 million in the second quarter, and management blamed the decline on competitors and an unwillingness by customers to spend money.

Amazon snaps up shoe e-tailer Zappos

One of the world’s biggest e-commerce companies will buy Southern Nevada’s best-known Internet retailer, but executives say the deal won’t change the corporate culture behind one of the city’s best places to work.

New license law, little action

Mortgage modification and foreclosure consultants are showing little interest in complying with a new Nevada law that requires them to obtain licenses.

Allegiant profits take flight

Las Vegas-based Allegiant Travel Co. soared above an awful leisure travel economy and some rare bad publicity to post a 25.5 percent profit on $148 million in revenue in the second quarter.

Analysts see prices at bottom

Nobody wants to take heat for declaring an end to the Las Vegas housing market downturn, but local analysts don’t see the market going much lower, especially in terms of prices.

Hong Kong IPO for Wynn

Wall Street analysts on Tuesday said an initial public offering by Wynn Resorts Ltd. on the Hong Kong Stock Exchange, backed by shares of its Macau hotel-casino, could have an upside for the Las Vegas-based gaming company.

IN BRIEF

ATLANTIC CITY

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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.