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Business

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

Who are the investors buying up Las Vegas homes?

Real estate analysts are struggling to define what an investor is and how to go about properly tabulating their purchases in the valley as President Trump doubles down on banning large institutional investors from the housing market.

THE LATEST Business NEWS
Gibbons appoints two Nevada lawyers to Gaming Commission

CARSON CITY — Prominent Las Vegas lawyers Joe Brown and John Moran Jr. were named Friday by Gov. Jim Gibbons to the powerful state Gaming Commission, which oversees Nevada’s multibillion-dollar gambling industry.

Don’t cancel, work with us

MILWAUKEE — Hotel companies long steadfast in requiring business clients to forfeit deposits when they cancel or scale back events, are starting to soften their stance.

MGM Mirage’s CityCenter project may land in bankruptcy

The $8.7 billion CityCenter project, billed by MGM Mirage as the most expensive commercial development in U.S. history, could end up in bankruptcy as early as this weekend, some nine months before the project is scheduled to fully open.

IN BRIEF

RENO

Mortgage delinquency creeps higher in commercial sector

Commercial real estate hasn’t been as heavily besieged with mortgage delinquencies as the residential sector, but an upward trend shows it’s something bankers are monitoring closely.

MGM MAKES CITYCENTER PAYMENT

MGM Mirage made a $200 million payment toward the massive CityCenter development today, which included the half that was supposed to be paid by Dubai World, its joint venture partner in the $8.7 billion Strip project.

Dragon City site faces auction block

Local developer Andrew Lai’s dream of turning an industrial stretch of Spring Mountain Road into a series of Asian-themed hotel-casinos near Chinatown appears to be teetering.

IN BRIEF

NEW YORK

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