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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
COMING IN THIS WEEK’S BUSINESS PRESS

BUSINESS BALLOT: The presidential nomination conventions are coming up, and local business leaders are already lining up behind the presumptive candidates or taking a close look at who they think would be the best candidate for Nevada’s business community.

Reverse mortgage leaves borrower stunned and stuck

His wife is deceased, he just underwent back surgery and now William Lancaster is told he owes $170,000 on a reverse mortgage for a home that’s worth $130,000 tops.

Macau casinos face Olympic hurdle

Casino operators in Macau aren’t expecting much of a revenue bump from the Beijing Summer Olympic Games, which begin Aug. 8. Wall Street thinks the numbers may even dip.

Home sales tumble again, but slight fall raises hope

WASHINGTON — Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation’s severe housing recession could be approaching a bottom.

Foreclosure troubles mount

NEW YORK — Nevada was near the top as the number of households facing foreclosure more than doubled in the second quarter compared with a year ago, according to data released Friday.

IN BRIEF

NEW YORK

Tropicana execs will face regulators

Tropicana Entertainment executives will go before state gaming regulators next month to discuss issues related to the company’s pending bankruptcy settlement and restructuring, the company said Friday.

Furniture mart uses glitz to attract guests

The sleek surfaces and bright natural lighting in the foyer of the World Market Center’s newest building in downtown Las Vegas would meet the grandiosity standard of any resort on the Strip.

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