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Business

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

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.

THE LATEST Business NEWS
Home sales increase in West

LOS ANGELES — Home sales in the Western United States posted a 9 percent annual increase in May as homebuyers jumped on low interest rates and falling prices, according to two reports released Tuesday.

IN BRIEF

Ratings cut for bonds that backed monorail

NV Energy backs off coal-fired Ely Energy Center; Air Force objects to solar plant

Local power utility NV Energy has formally withdrawn its application to build the Ely Energy Center, a coal-fired power plant in central Nevada. And Air Force officials have urged the federal government to prevent construction of a $700 million solar power plant near the Nellis range.

Analyst: Room glut to hurt LV

Don’t count Janney Montgomery Scott gaming analyst Brian McGill as someone who believes the opening of CityCenter will be good for Las Vegas.

Harrah’s chief stays confident about company

Although some industry insiders and observers have had second thoughts about the wisdom of private equity’s entry into the gaming industry, Harrah’s Entertainment chief Gary Loveman isn’t one of them.

COMING IN THIS WEEK’S BUSINESS PRESS

HOT TOWN: Casino operators have prepared for what they expect to be a long summer. As the recession continues to hurt casino revenues and visitor numbers, gaming companies are offering lots of hot deals to attract more tourists and keep them spending.

Las Vegas Average Gas Prices
Regular
Diesel
Source: AAA
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