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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
Home sales soar in LV as prices keep falling

Las Vegas home sales more than doubled in February from the same month a year ago, although median home prices continue to sink as foreclosures dominate the market, the Greater Las Vegas Association of Realtors reported Tuesday.

Gaming revenue keeps sliding

The new year brought Nevada’s casino industry the same results as 2008.

Bondholders said to hold key

Whether Boyd Gaming Corp. can complete its purchase of many of Station Casinos’ assets rests in the hands of Station’s bondholders, a local finance professor following the story said.

PUC approval sought for power line

NV Energy’s two power company subsidiaries said Monday that they’ve requested approval from the state’s Public Utilities Commission to begin building a $470 million electric transmission line between Northern and Southern Nevada.

ManhattanWest latest casualty of crisis

ManhattanWest had two “savior groups” that wanted to rescue the mixed-use condo project in the southwestern Las Vegas Valley, but the developer refused to talk with them and went into hiding, one of the project’s lienholders said.

IN BRIEF

NEW YORK

Analyst lowers target price for MGM, Wynn

A Goldman Sachs analyst cut the price targets of Wynn Resorts Ltd. and MGM Mirage, citing challenging market conditions in Las Vegas and Macau.

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