CARSON CITY — Taxable sales in December were strong in Nevada, up 10.2 percent compared to the same month in 2013.
The state Department of Taxation reported Wednesday that taxable sales reached $4.8 billion, with big jumps in furniture sales and construction.
The increase was the largest monthly percentage gain since a 10.4 percent rise in May 2012.
via Nevada taxable sales up 10.2 percent in December – Las Vegas Sun News.
Nevada gaming revenue rose notably in January, thanks to a particularly good month on the Strip, the state reported today.The Gaming Control Board said Nevada casinos won $952.7 million last month, a 7.75 percent increase from January 2014. For the fiscal year beginning July 1, however, revenue is still down 2.12 percent.Gaming revenue on the Strip, which accounts for a huge chunk of the state total, increased 15.4 percent from the year before to $576.8 million. Baccarat revenue there rose 68.5 percent to $127.7 million.
via Gaming revenue up on Las Vegas Strip, statewide in January – VEGAS INC.
Southern Nevada will soon see some of its priciest homes yet.
The Howard Hughes Corp., which is developing Summerlin, is announcing a joint venture with Discovery Land Co. of Scottsdale, Ariz., to build about 250 homes on 555 acres near Tropicana Avenue and Town Center Drive, just south of The Ridges, in the foothills near Red Rock Canyon National Conservation Area.
When it breaks ground in 2015, the currently unnamed project will be the lowest-density neighborhood under construction in the local market, with lots as big as three acres, said Steve Adelson, a partner in Discovery. It probably will be the most expensive as well, with vacant parcels starting in the low seven figures, though it’s too early in planning to peg construction costs or home prices.
via New Summerlin development to be most expensive in Las Vegas | Las Vegas Review-Journal.