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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
IGT selects board member as new president, CEO

International Game Technology named current board member Patti Hart as its president and chief executive officer late Tuesday, replacing TJ Matthews.

The (trade) show must go on

OK, Las Vegas. Denial and anger got your local economy nowhere fast.

Sales delayed for Ascaya home community

Developer W.L. Nevada has decided to delay sales at Ascaya, formerly Crystal Ridge, in light of the current economy. The luxury home development carved into the McCullough mountain range in Henderson offers half-acre lots with sweeping views of the Las Vegas Valley for $1.5 million to $2 million.

Lawsuit seeks national sports betting

TRENTON, N.J. — From March Madness brackets to Super Bowl pools to illicit back room wagers, people bet on professional sports every day. But they can do it legally only in four states, and only two states offer state-sanctioned sports wagering.

IN BRIEF

More gambling debts counted for Canadian

Lower prices help homes sell

WASHINGTON — Sales of previously occupied homes jumped unexpectedly in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.

Reid urges housing reserve fund be created in budget

WASHINGTON — Sen. Harry Reid on Monday pushed for creating a housing reserve fund in the congressional budget, saying President Barack Obama’s plan to rescue home-owners “will leave out too many Nevadans.”

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