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MGM’s sports betting deals
 
MGM’s sports betting deals

MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.

Las Vegas home prices rising at double the national rate
 
Las Vegas home prices rising at double the national rate

Las Vegas house prices are rising Southern Nevada prices were up 13.5 percent year-over-year in September. Nationally, home prices were up 5.5 percent year-over-year in September. Buyers are pulling back. More than 6,900 Las Vegas houses were on the market without offers at the end of October, up 44 percent year-over-year. Las Vegas home prices have been rising at one of the fastest rates in the country

Las Vegas home prices rising at double the national rate
 
Las Vegas home prices rising at double the national rate

Las Vegas house prices are rising Southern Nevada prices were up 13.5 percent year-over-year in September. Nationally, home prices were up 5.5 percent year-over-year in September. Buyers are pulling back. More than 6,900 Las Vegas houses were on the market without offers at the end of October, up 44 percent year-over-year. Las Vegas home prices have been rising at one of the fastest rates in the country

Las Vegas home prices rising at double the national rate
 
Las Vegas home prices rising at double the national rate

Las Vegas house prices are rising Southern Nevada prices were up 13.5 percent year-over-year in September. Nationally, home prices were up 5.5 percent year-over-year in September. Buyers are pulling back. More than 6,900 Las Vegas houses were on the market without offers at the end of October, up 44 percent year-over-year. Las Vegas home prices have been rising at one of the fastest rates in the country

$84.3M of Las Vegas office space sold
 
$84.3M of Las Vegas office space sold

Las Vegas investor Ofir Hagay and partners recently bought several office buildings for $84 million combined. They picked up seven buildings in Summerlin and vacant space in Town Square Las Vegas. The sale comes as Las Vegas’ once-battered office market finds stronger footing. Hagay and other investors have been buying buildings amid job growth and shrunken vacancies.

SEC files complaint against Tesla CEO
 
SEC files complaint against Tesla CEO

U.S. securities regulators are asking a federal court to oust Tesla Inc.’s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private. The Securities and Exchange Commission says in the complaint filed Thursday that Musk falsely claimed in an Aug. 7 statement on Twitter that funding was secured to go private at $420 per share, a substantial premium over the price at the time.
Elon Musk, Tesla CEO Local experts say Tesla’s Gigafactory in Reno is secure — with or without its current CEO, and even if the company were to go belly up. Sam Abuelsamid, senior research analyst at Navigant Research

Nevada Gaming Statistics: The Last Six Months
 
Nevada Gaming Statistics: The Last Six Months

UNLV collects top-line results for the past six months in five Nevada reporting areas Here are some stats from February through July 2018 Statewide, gaming revenues are up 4.58% for the past six months, with a 3.33% increase in slot win and a 6.91% increase in game win. The Las Vegas Strip is up 5.16% for the period, with slot win up 2.05% and game win up 8.32% Downtown Las Vegas is up for the period (0.16%), with a higher slot win (+1.44 %) offset by a lower game win (-2.73%). The Boulder Strip is up 5.97% for the period. Slot win is up 6.42%, helped by an improving game win (+2.45%) Washoe County is up, with a higher total win (+5.37%), higher slot win (+5.88%), and higher game win (+2.97%) Source: UNLV center for gaming research https://gaming.unlv.edu/reports/6_month_NV.pdf

Shining Star schools
 
Shining Star schools

Rancho High School is one of 31 Shining Star schools in the state, which serve a high population of low-income students while also achieving academic success. But this year, the school lost half a million in weighted funding to help poor students or English language learners. The funding applies only to underperforming schools. Budget cuts and funding mechanisms have led some educators to feel they’re being punished for performing well.

Nevada leads nation in credit card debt growth
 
Nevada leads nation in credit card debt growth

A large number of Nevada residents have been struggling to curb their credit card debt, according to a recent study. A report from Experian ranked Nevada as the state with the highest year-over-year growth in credit card debt in the U.S. with 9.3 percent growth in the second quarter of 2018. Nevada’s booming population is most likely the biggest contributing factor for this growth, said John Luis Alcantara, a wealth management advisor at The Alcantara Financial Group in Las Vegas. Clark County reported that its population grew to nearly 2.25 million in August 2017, a 10 percent increase from the 2.04 million residents in 2010. Alcantara said some of those new residents may be bringing in credit card debt from other states. John Luis Alcantara

Are Casino Service Team Leaders supervisors?
 
Are Casino Service Team Leaders supervisors?

Wynn Las Vegas is the only casino where dealers share 15 percent of their tips with who they say are supervisors The policy was implemented in 2006 because Wynn’s high-end customers tend to tip more than at other resorts. As a result, dealers were taking home more than their bosses. In 2006 the positions of pit boss and floor supervisor were eliminated and replaced by the position of casino service team leader, whose goal is to improve customer interaction, the company said. Congressional legislation passed in March says that tips cannot be shared with supervisors and managers A judge will decide whether a casino service team leader is a supervisor