UPDATE ON DEC. 21: On December 20, 48-year-old Alex Yanko was arrested on murder charges in connection with the fatal shooting on Dec. 19.
An investigation by the Las Vegas Metropolitan Police Department revealed that both victims were in front of a residence in the 3600 block of Starbright Lane, near Twain Avenue and Durango Drive, when Yanko approached them.
Within moments of his arrival, he produced a firearm and shot both victims multiple times before fleeing the scene.
LVMPD detectives think the shooting stemmed from an argument about money or property.
The Clark County Coroner identified the victim who died as Edward Richard Budd from Las Vegas. He was 47 years old.
Anyone with information about this case should contact the LVMPD Homicide Section at 702-828-3521. To remain anonymous, call Crime Stoppers at 702-385-5555.
Two people have been shot near Twain Avenue and Durango Drive.
Las Vegas police say both were taken to the hospital, where one of them died. Police still do not have any suspects.