v e g a s i n c . c o m | MA Y 3 1 - J u n e 6 , 2 0 1 5
Rich Newman started a coloring-book business at age 74 after three years in retirement. (L.E. Baskow/Staff)
Never too late to start a business Danielle McCrea | special to vegas inc
It didn’t take long for Rich Newman to get bored with retirement. So three years in, at age 74, he started a business creating and distributing custom coloring books that serve as souvenirs to commemorate cities, businesses and events. œ Newman is part of the growing national trend of encore entrepreneurship, made up of aspiring business owners ages b aby boo mer entrepreneurs, Continue d on page 15
4,437
Number of casino transactions, totaling $952,258, for which Defense Department employees inappropriately used their government charge cards in a year, according to the top Pentagon watchdog.
98%
Payback possible on slot machines that allow players’ skill to play a role. Traditional slot machines have a payback of 88 percent.
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VEGAS INC MAY 31- JUNE 6
CONTENTS PUBLISHER Donn Jersey (donn.jersey@gmgvegas.com)
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q&A WITH JOHN RESTREPO
The principal of RCG Economics discusses the importance of impartiality when analyzing the economy, the need for improved education in Southern Nevada, and his reverence for Winston Churchill and Franklin Roosevelt. THE NOTES People on the move, P4
MEET: ARROW DATA
The aerospace and data services company, which has flown for ESPN and CBS Sports, among others, has gotten in on the ground floor of the unmanned aerial aircraft industry in Nevada. TALKING POINTS State lawmakers given stern warning on HOAs, P7
DATA AND PUBLIC INFORMATION A listing of local bankruptcies, bid opportunities, brokered transactions, business licenses and building permits.
MORE VEGAS INC BUSINESS NEWS Calendar: Happenings and events, P17 The List: Publicly reporting companies, P22
EDITOR Delen Goldberg (delen.goldberg@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) DIGITAL EDITOR Sarah Burns (sarah.burns@gmgvegas.com) BUSINESS EDITOR Brian Deka (brian.deka@gmgvegas.com) STAFF WRITERS Andrea Domanick, Adwoa Fosu, Ana Ley, J.D. Morris, Kyle Roerink, Cy Ryan, Eli Segall, Conor Shine, Jackie Valley, Pashtana Usufzy, Katie Visconti, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson DIGITAL COORDINATOR Adelaide Chen EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz RESEARCHER Julie Ann Formoso OFFICE COORDINATOR Nadine Guy
ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Mikayla Whitmore PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus
ADVERTISING ASSOCIATE PUBLISHER OF ONLINE MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATORS Karen Parisi ADVERTISING DIRECTOR Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Breen Nolan, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Frank Feder, Kelly Gajewski, Justin Gannon, Trasie Mason, Donna Roberts, Michelle Walden
MARKETING & EVENTS EVENT MANAGER Kristin Wilson EVENTS COORDINATOR Jordan Newsom DIGITAL MARKETING ASSOCIATE Jackie Apoyan
PRODUCTION
VINTAGE VEGAS: DESERT WIND PASSENGER TRAIN CAME AND WENT On Oct. 27, 1979, Amtrak debuted Desert Wind, its first passenger train into Las Vegas, with regular routes between Los Angeles and Chicago, and Los Angeles and Salt Lake City. Las Vegas was the major stop between the cities; passengers could disembark at Union Plaza and head straight into a casino. Here, a model poses in front of the train a few days before it’s inaugural run. At the time, round-trip fare from Las Vegas to Los Angeles cost $42. But due to government subsidies ending, the train passed through town for the last time May 14, 1997, ending 18 years of passenger service as Las Vegas’ only rail link to the rest of the country. Over the past decade, there have been proposals by multiple companies to provide train service to Southern Nevada, but nothing has materialized. — Rebecca Clifford-Cruz
VICE PRESIDENT OF MANUFACTURING Maria Blondeaux ASSISTANT PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Carlos Herrera TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson
CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn GROUP PUBLISHER Travis Keys EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein
VOLUME 2, ISSUE 21 Vegas Inc (USPS publication no. 15540), 2360 Corporate Circle, Third Floor, Henderson, NV 89074 is published every Sunday except the last Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices. POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc Greenspun Media Group 2360 Corporate Circle, Third Floor Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2360 Corporate Circle, Third Floor Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions: Call 800.254.2610, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
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VEGAS INC
the notes
May 31- June 6
Annette Carro, a partner at Stewart Archibald & Barney CPAs, was appointed to the Las Vegas Audit Oversight Committee, which reviews and evaluates the city’s audit program and oversees and reinforces compliance with the city’s internal audit policy. The committee consists of five members appointed by the mayor: two City Council members and three members of the community.
Send your business-related information to news@vegasinc.com
— Tom Colicchio Craftsteak; Best Spa — Spa and Salon at Aria; Best Dayclub — Wet Republic; Best Italian Restaurant — Fiamma; Best Gun Range — The Range 702; Best French Restaurant — Joel Robuchon; Best Exhibit/Museum — The Mob Museum; and Best Air Tour — Maverick Helicopters.
carro
Jerad Roberts is an associate broker at the Sauter Multifamily Group. Ryan Breen is president of PulteGroup’s Las Vegas division. roberts The homebuilder operates under the Pulte Homes, Del Webb and Centex brands. Dr. Robert McBeath, president of Optum Health Collaborative Care Nevada and CEO of Southwest Medical Associates, joined the board of directors of Project 150, a nonprofit that helps homeless, displaced and disadvantaged high school students. Amy Ling is an intern architect at LGA. LGA is an advocate of green design and green living, known for its work on the LEED-certified Springs Preserve master plan. Ling is LEED and Autodesk Revit certified. Dayna Kovacic, a national account manager at Danone ling Waters, joined the Las Vegas Business Academy board of directors. The agency is made up of businesspeople dedicated to passing on professional expertise to UNLV graduate students. Sue Smuskiewicz is Trosper Communications’ director of administration. Smuskiewicz joined the firm in 2010 as chief copywriter and core reader. Rosita Castillo is the Southern Nevada Health District’s 2015 Public Health Hero. The award is given to people or organizasmuskiewicz tions who positively affect the health and well-being of the community. Castillo is program manager at Planned Parenthood of Southern Nevada’s Promotores de Salud, which offers community health workers sexual health training and resources. Jeff Miracle is a senior business banking relationship manager at Wells Fargo Business and Government Banking. Winners of the Southern Nevada Hotel Concierge Association’s 2015 Concierge Choice Awards are: Best Comedy Act — Terry Fator; Best New miracle Restaurant — Bardot Brasserie; Best Headliner — Boys II Men; Best Non-Buffet Brunch — Mon Ami Gabi; Best Limousine Company — AWG; Best Driving Experience — Exotics Racing; Best Chef — Michael Mina; Best Tourist Attraction — Fountains at Bellagio; Best Ground Tour — Pink Jeep; Best Buffet — Bacchanal Buffet; Best Asian Restaurant — Hakkasan; Best Mexican Restaurant — Javier’s; Best LGBT Nightclub/Party — Share Nightclub; Best Golf Course — Bali Hai; Best Happy Hour — Miller’s Ale House; Best Production Show — “Le Reve;” Best Nightclub — Hakkasan; Best Steakhouse
Ramona Denby-Brinson, a social work professor at the Greenspun College of Urban Affairs, is the first female researcher to win UNLV’s top annual research award — the Harry Reid Silver State Research Award. She was recognized for her work in social services, the foster system and children’s mental health.
Vista Cocktail Lounge opened at Caesars Palace in the former Shadow Bar location. It is owned by Caesars Palace and operated by Hakkasan Group. Johnnie Walker RV opened a flagship “Camping Lodge.” The 52-year-old company offers RV sales, service, repair and parts. denby-brinson
Bryan Binek is executive director of gaming and operations and David Halabuk is executive director of marketing at the Silverton. Binek previously worked in table games for Talking Stick Resort in Scottsdale, Ariz. Halabuk served as senior vice president of casino marketing and operations at the Downtown Grand. Mariselle Alcaraz is an assistant commercial loan officer at the Clark County Credit Union. Alcaraz helps lenders with credit report requests, processes consumer and commercial loan closings, and works with title companies on documentation and transactions.
Fresh52, a certified farmers market, is open for the season at Tivoli Village, 440 S. Rampart Blvd., Las Vegas. Hours are 9 a.m. to 2 p.m. Saturdays. BBL Churchill, a divorce finance company, expanded to Nevada. The company provides funding to spouses who are unable to pay attorney fees, forensic accounting costs and living expenses. Blue Heron of Las Vegas was awarded “Best Of Houzz” by Design by Houzz, a homeowner-to-homeowner guide to homebuilders, architects, interior designers, landscape pros and other residential remodeling professionals. Flight 23 at Footaction opened at the Miracle Mile Shops at Planet Hollywood.
alcaraz
Greg St. Martin is vice president at Kennedy Wilson, a real estate investment and services firm. St. Martin specializes in industrial, office and retail markets. Frank Fuentes is communications and social media director at Trosper Communications. He previously was a communications and social media coordinator. Kelsey Hand is executive director of media and client relations. Bailey Farrell is an account coordinator. fuentes
Michael Mina, founder of Mina Group, and Steve Weitman, senior vice president of Wynn/Encore Las Vegas, received the Mastership Award from the Las Vegas Business Academy. The award honors people who show an outstanding work ethic and philosophical approach to business and inspire young leaders. Jeff Zabriskie is practice director of gaming and hospitality for St. Louis-based Applied Group’s new Las Vegas offices. He is responsible for market and solution positioning, business development and the growth of Applied Group’s gaming and hospitality business.
AG Adriano Goldschmied, American Eagle Outfitters, Bally, Burton Snowboards, Canali, Catimini, CH Carolina Herrera, Citizen, Clarins, Dunhill, Furla, Helmut Lang, John Varvatos, Last Call Neiman Marcus, Pandora, Rag & Bone, Saks Fifth Avenue Off 5th, Under Armour and Vera Bradley. The mall is at 875 S. Grand Central Parkway, Las Vegas.
City National Corp., the parent company of City National Bank, reported first-quarter net income of $61.6 million, up 14 percent from $53.8 million in the year-ago period. Earnings per share were $1.01, compared with $0.89 per share during the first quarter of 2014. Creel Printing committed $20 million to upgrade its Las Vegas facilities. The investment will augment the company’s offerings and deliver new print format opportunities. At the center of the investment are two presses and technology that will improve production while reducing chemistry expenses and emissions. The HealthInsight Quality Innovation NetworkQuality Improvement Organization was selected by the Centers for Medicare & Medicaid Services to work on reducing disparities and improving immunization rates among Medicare beneficiaries. The agency is working with physicians and practitioners, home health agencies and critical access hospitals to improve influenza, pneumonia and shingles (zoster) vaccinations among Medicare beneficiaries in Nevada, New Mexico, Oregon and Utah. Goodwill of Southern Nevada will open its largest store in Las Vegas at Boulevard Mall, 3528 S. Maryland Parkway, Las Vegas. The 28,000-square-foot store will feature a 17,000-square-foot sales floor and is slated to open in late summer.
zabriskie
Vegas PBS won a Telly Award for a public service announcement for the Corporation for Public Broadcasting’s American Graduate initiative and the station’s “It Pays to Stay” campaign. The PSA features a local student, Jessica Suarez, who dropped out of high school but returned with help from school administrators and Communities In Schools of Nevada. The Telly Awards honor outstanding local, regional and cable television projects. Las Vegas North Premium Outlets expanded. The Cheesecake Factory is the mall’s first sit-down restaurant. Other new businesses include AllSaints,
Panattoni Development Company broke ground on Jones Corporate Park at the northwest corner of Sunset Road and Jones Boulevard. The industrial business park will include two buildings of equal size totaling about 416,000 square feet and providing Class A industrial space. Promo Direct, which distributes promotional products, won a 2015 gold award from Top Ten Reviews for being the No. 1 rated promotional products store by the firm. For the 10th year, Cox Communications was included in DiversityInc’s Top 50 Companies for Diversity list. Cox moved to No. 17 from its No. 18 ranking in 2014. The company also ranked No. 9 on DiversityInc’s Top 10 Companies for Diversity Councils.
the interview Send your business-related information to news@vegasinc.com
5
VEGAS INC May 31- June 6
Q&A with john restrepo
Numbers can lie, but good analysts won’t let them As principal of RCG Economics in Las Vegas, John Restrepo directs the firm’s economic and financial consulting activities. With 34 years of experience analyzing regional economic and real estate trends, Restrepo frequently is sought to speak at business gatherings in Southern Nevada and often is a source for media outlets seeking an expert opinion on industry trends. Any recent news or updates about yourself or your work? A little more than a year ago, we started expanding into the online economic and business intelligence space and partnered with Mike PeQueen and the other managing partners at HighTower Las Vegas to produce a monthly e-newsletter, “The Stat Pack” (thestatpack.com). We now have about 7,000 subscribers (and growing), and many of our readers are quite proactive and helpful in recommending how to make the newsletter better. The other thing I am most pleased about is that we revamped our website (rcg1.com), including adding a blog, “Nevada by the Numbers,” in which we post our thoughts on economic, business and public policy issues. What is the best business advice you’ve received, and from whom did it come? If you’re going to be a practicing researcher and analyst, and in my case an economist, you cannot under any circumstances be an advocate or spin numbers or deal in half-truths. You should also avoid engaging in the salesmanship of ideas that have pros and cons. I learned this right out of grad school from my first boss in the consulting profession. Adhering to strict ethical standards was further emphasized when I was director of the business consulting practice at Coopers & Lybrand (now PricewaterhouseCoopers) for eight years before launching RCG. If you could change one thing about Southern Nevada, what would it be? I would replace some of the excessive and over-the-top cheerleading about Southern Nevada with more thoughtful self-reflection and a dialogue about our strengths and weaknesses so we can more effectively plan for our future. Hubris and/or enthusiasm are no substitute for clear-headed thinking. What’s the biggest issue facing Southern Nevada and its residents? The relatively low education level of
What is your dream job, outside of your current field? My dream job would be being a travel writer and photographer. Teaching regional economics and economic development at the graduate level wouldn’t be a bad gig, either.
John Restrepo, principal of RCG Economics, is less interested in cheerleading for Southern Nevada and more interested in thoughtful self-reflection and analysis. (christopher devargas/Staff)
our residents, which leads to relatively low skill levels compared with the other states and regions with whom we compete. This puts Southern Nevada at a great disadvantage. Changing this reality will require investing a lot of what I call the “Three Ts” — time, talent and treasure — for a concerted period of time. And I’d add one other factor: political will. It won’t be easy; nothing important ever is. But it is incredibly critical for Southern Nevada to move forward. What are you reading right now? I’m in the middle of three books: “A Confederacy of Dunces” by John Kennedy Toole; “Capital in the TwentyFirst Century” by Thomas Piketty; and “A Parliament of Whores” by P.J. O’Rourke. I love going back and forth between political satire and comedy, and nonfiction “nerdy” economic and business books. What do you do after work? Spend time with my beautiful wife, Elle. We are dedicated foodies and are always trying to find new and interesting restaurants in Las Vegas. I moved here from New Orleans more than 25 years ago, and she from New York
City 17 years ago, so we are pretty particular. The pickings were pretty slim when we both moved here, especially away from the Strip. Now, the local food scene is really vibrant and constantly getting better. Blackberry, iPhone or Android? What’s Blackberry and iPhone? Describe your management style. Collaborative, with a strong focus on giving my staff the responsibility and the authority to make decisions. It’s challenging sometimes, but folks have to learn. I also sprinkle it with a bit of joking and sarcasm. I’m not saying it’s the best style for everyone, but it’s who I am and it seems to be working. Where do you see yourself and your company in 10 years? I’m very excited about where we are today and the growth potential of the company. We have a great, dedicated team of analysts and economists. And we are seeing more than ever that after the ravages of the Great Recession, clients are demanding objective and independent analysis so they can make wise decisions. That wasn’t always the case prior to the downturn.
Whom do you admire and why? Dead: Winston Churchill and Franklin Roosevelt. I honestly don’t think there is a high probability that Western civilization would have survived intact had they not been world leaders at the perfect time. Their combined political and leadership skills were just amazing. Living: All those folks who work so hard and sacrifice so much for little pay, and often with no recognition, to take care of the poor and unwanted of the world. It could be aid workers, health care workers, the clergy or just everyday people who devote their lives to caring for the less fortunate. Their strength of character is simply incredible and unbelievable to me. I’m not very religious, but these folks are an example of what it means to be the best kind of human being. I wish I had that kind of strength. What is your biggest pet peeve? Three things: Arrogant and selfimportant people; when opinions are presented as facts; and when groupthink is passed off as consensus. What is something people might not know about you? I’m Hispanic. My parents moved to the United States from Colombia in the early 1950s. My brother Steve and I were born in Colombia, and my brother George was born in the United States. My dad was transferred to the United States to be the director of Gulf Coast operations for a Colombian steamship company. Lots of folks think I’m Italian because my name sounds more Italian then Hispanic, so it’s kind of interesting when my non-Hispanic friends and colleagues express their views on Latino issues.
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VEGAS INC
get to know a local business
May 31- June 6
Send your business-related information to news@vegasinc.com
by the numbers
4.5 percent
Same-store net revenue growth reported by Station Casinos in its first-quarter earnings. Casino revenue rose 3.7 percent from last year to $234 million. Food and beverage revenue increased 6.8 percent, while room revenue jumped 10.6 percent for the quarter.
$94.4 million
First-quarter revenue posted by American Casino & Entertainment Properties, the company that runs the Stratosphere, Arizona Charlie’s and the Aquarius in Laughlin. The company said the increase was due to a strong performance across its casino, hotel and food and beverage divisions.
James Fleitz is vice president of ArrowData. He is a military veteran, pilot and expert in unmanned aircraft systems. (Mikayla Whitmore/staff)
120
In on the ground floor of the drone industry
Number of storefronts at the Grand Bazaar Shops in front of Bally’s on the Strip. The shops — some as small as 150 square feet — are squeezed onto 2 acres and offer an array of products.
31 percent
Increase in Summerlin land prices from the first quarter of 2014 to the first quarter of 2015. Prices valleywide fell 34 percent during the same period.
58 percent
Share of business taxes collected by the state that would be paid by the gaming industry if Gov. Brian Sandoval’s proposed expansion of the business license fee is approved. The plan aims to boost education funding.
ArrowData questions people have. We offer Address: 777 N. Rainbow Blvd., training, insurance, aircraft and ArrowData is an aerospace and Las Vegas legal help with the FAA concerndata services company that spePhone: 702-816-5087 ing the drone industry. We don’t cializes in persistent data collecEmail: info@arrowdata.com just sell customers a drone and tion, transmission, analytics and Website: arrowdata.com leave them on their own; we help distribution services. Owned/operated by: UIC Corp. them in all aspects of this new inOur team of aerospace and inIn business since: 2014 dustry. formation technology experts is committed to providing real-time critical data that advances our clients’ ability to conduct What is your business philosophy? their operations. ArrowData is actively involved in the Serve our customers and help Nevada become the cendevelopment of next-generation sensors and their inteter for unmanned aircraft. gration into autonomous operations. We recently received Federal Aviation Administration What is the best part about doing business in Las approval to operate drones for news gathering. Vegas? Openness to new ideas — the wild West attitude allows Las Vegas to create new opportunities. What does that accomplishment mean for your comDescribe your business.
pany?
1870
Year F.A.O. Schwarz opened its first location in New York City. Toys “R” Us, which bought F.A.O. Schwarz in 2009, is closing the iconic 45,000-square-foot store on Fifth Avenue on July 15.
37 percent
Portion of Blue Bell Creameries’ workforce that will be laid off after listeria illnesses were linked to its ice cream, prompting a nationwide recall of all of its products.
It shows the FAA has closely inspected our operations and procedures, and given us its approval to fly unmanned aircraft, a tremendous and difficult hurdle to overcome. We are proud to be the first in Nevada to do this.
What obstacles have your business overcome?
Who are your customers?
People who are worried drones will be used for invading privacy. News organizations have been trusted using aerial assets to cover the news for decades without invasion of privacy, and we will practice the same high standards of ethics.
We have flown for ESPN, CBS Sports and other many other customers.
How can Nevada improve its business climate?
What makes your business unique?
Education, education, education and diversify, diversify, diversify.
We are the first company in Nevada to get the FAA exemption to fly drones for commercial purposes. We have a manned aircraft that will be used to make the transition into large, unmanned aircraft when they become legal to fly. We also offer a comprehensive answer to the drone
What have you learned from the recession?
Nevada’s “comeback” will be accomplished best by those of us who have been here for years building this community.
talking points Send your business-related information to news@vegasinc.com
Reader comments We want to hear from you. Visit vegasinc.com to post your opinion.
On J.D. Morris’ lasvegassun.com story “Resorts World, off to ceremonial start, vies for theme of authenticity”: This has always appeared to be a great risk to me. Vastly different than anything done in Vegas before. But perhaps that’s what Vegas needs right now. — American Gaming Guru On Eli Segall’s lasvegassun.com story “Summerlin land prices keep rising, but homebuilders aren’t shying away”: Just saw a home out there in Summerlin that sold in December 2014 for $530,000. Today, it is selling for $688,000. We are getting right back into that bubble. — VegasDlight1 On Eli Segall’s vegasinc.com story “Amid resignations, law firm Gordon Silver figuring out what’s next”: When Jerry Gordon of Gordon Silver quits, there is not much left to figure out, other than the date of the Chapter 7 filling. — whatswrongwithpeople On the lasvegassun.com story “Blue Bell closing Las Vegas distribution center, laying off 1,450 companywide”: Blue Bell will be lucky to survive, and thousands of jobs are in jeopardy. — ScotchRocks
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VEGAS INC May 31- June 6
State lawmakers given stern warning on HOAs
A
guest column: lawmakers why they should not pass any laws s the Nevada Legislature wraps up, Kevin Sigstad to allow HOAs in Nevada to extinguish liens state lawmakers have considered government-backed entities place on homes several issues important to facing foreclosure: “(Federal) law precludes homeowners and the local housing involuntary extinguishment of Fannie Mae or Freddie market. One of the most crucial and perhaps most complex Mac liens while they are operating in conservatorships and concerns foreclosures by homeowner associations. pre-empts any state law that purports to allow holders of Groups representing HOAs have fought legislation to homeownership association liens to extinguish a Fannie threaten or eliminate the so-called super priority lien Mae or Freddie Mac lien, security interest, or other that allows HOAs to collect up to nine months of unpaid property interest. As noted in our Dec. 22, 2014, statement HOA assessments when a bank forecloses on a home in an on certain super priority liens, FHFA has an obligation HOA. Super priority liens also give HOAs the authority to to protect Fannie Mae’s and Freddie Mac’s rights, and foreclose on delinquent homeowners and give associations will aggressively do so by bringing or supporting actions first shot at collecting proceeds from the sale of a foreclosed to contest HOA foreclosures that purport to extinguish home, ahead of the traditional first-lien position held by the enterprise property interests in a manner that contravenes mortgage lender. federal law.” This has been a contentious legal issue in recent years Those are pretty strong words from a federal agency. that has reached as far as the Nevada Supreme Court, The session is scheduled to end June 2. If lawmakers don’t pitting HOAs and companies that manage them against heed these warnings, FHFA officials suggest lenders could lenders and real estate investors. seriously curtail or even stop making mortgage loans in The Nevada Association of Realtors worked with Nevada. That would be disastrous, especially as our state’s lawmakers to clarify these issues and balance the needs of housing market recovers from the recession and since homeowners, HOAs, lenders and others. stringent lending standards still make it difficult for many The issue is being watched closely by the Federal Housing would-be homeowners to obtain a mortgage. Finance Agency, which regulates Fannie Mae, Freddie Mac More than 14,000 Realtors in Nevada take such warnings and the 12 federal home loan banks. These governmentseriously. We hope legislators do the same. sponsored enterprises provide more than $5.6 trillion in Kevin Sigstad is president of the Nevada Association of funding for U.S. mortgage markets and financial institutions. Realtors. Here’s what the FHFA had to say in reminding Nevada
Smith’s world
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work also is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
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VEGAS INC May 31- June 6
your Business-to-business news Send your business-related information to news@vegasinc.com
Most major casino executives express rosy view of city’s economy, but Wynn disagrees By J.D. morris Staff Writer
Is the economy trending well for the Las Vegas casino industry, or is it just a mirage? Top executives from the major locally based casino companies don’t agree on the answer. At one end of the spectrum, Wynn Resorts CEO Steve Wynn has made it clear that he views the local economic outlook through a sharply critical lens. But other big companies have expressed a much more positive reading of the financial tea leaves. Wynn’s pessimism came to light April 28, when his company relayed quarterly earnings results that bore some tough news for shareholders. Net revenue dropped 27.8 percent from the year before, the company reported a $44.6 million net loss and it slashed its quarterly dividend to 50 cents from $1.50 in the previous quarter. Much of the company’s poor performance traces to Macau, which has seen 11 straight monthly declines in gaming revenue. Wynn told analysts in a conference call that it was unclear when conditions there would improve. He didn’t have anything sunny to say about where the Las Vegas market was headed, either. “If you were to ask me, since we’re making forward-looking statements, what will the second quarter look like in Las Vegas? Weak,” Wynn said. “Do you hear me? Weak. So I’m trying to lower expectations here; this notion of a big recovery is a complete dream.” Wynn said he thinks the Las Vegas market is “still very patchy.” He said his company’s noncasino revenue — of particular importance as customers shift more toward areas other than gambling — was flat in the first quarter, and he would be “thrilled” if it were flat again in the next quarter. Other Las Vegas casino executives painted a different picture as they reported their first-quarter results in the weeks since Wynn’s remarks. Caesars Entertainment CEO Gary Loveman, who has a background in economics, told analysts he saw
Wynn Resorts CEO Steve Wynn, on a recent conference call, told analysts: “If you were to ask me, since we’re making forward-looking statements, what will the second quarter look like in Las Vegas? Weak.” (associated press)
nothing discouraging in the macroeconomic atmosphere. Similarly, MGM Resorts International CEO Jim Murren said he did not share Wynn’s views. “Steve Wynn is a legend here in Las Vegas. He has created so much, and I admire him a lot. I just don’t see what he sees,” Murren said. Murren noted that, unlike Wynn, he did not expect his company’s noncasino revenue to be flat or down in the immediate future, and MGM would be “sorely disappointed” if that turned out to be the case. Executives from Boyd Gaming and Station Casinos, two companies for which Las Vegas residents are an important customer base, also expressed positive views about the local economy in their first-quarter earnings calls. Las Vegas Sands, meanwhile, reported its first-quarter earnings before Wynn made his comments. CEO Sheldon Adelson wasn’t overly enthusiastic about the local situation when he said on his earnings call that “there is significant opportunity to improve our performance here in Las Vegas.” He said the Venetian and Palazzo’s new president would
be an important part of accomplishing that goal. Both sides have good reason for their positions. “The reality with all this stuff is somewhere in between,” said John Restrepo, principal of Las Vegasbased RCG Economics. “You cannot underestimate how great an operator Steve Wynn is and how smart a guy he is in that industry. Yes, there’s probably nuggets of truth to what he’s saying — there’s still some headwinds out there, some challenges. And there are some nuggets of truth to what the other guys are saying.” Restrepo characterized the current situation as a “moderate recovery.” He said some indicators, such as visitation and taxable retail sales, were doing well in Las Vegas. Others, such as certain segments of the gaming and employment figures, hadn’t been as robust, he said. “We’re not seeing a V-style recovery,” Restrepo said, evoking what a sharp increase from the worst of the financial downturn would look like on a chart. “It’s kind of an elongated, Nike swoosh recovery.” In his earnings call, Wynn shed light on the source of his cynicism.
He indicated that a stronger U.S. dollar — which makes stays in Las Vegas more expensive for international visitors — was one factor, as well as reduced play from Chinese gamblers. International customers are important to Wynn’s company, which runs the luxurious Wynn and Encore resorts on the Strip. Underlying all of this for Wynn is a fundamentally skeptical stance about the state of the U.S. economy. He said on the earnings call that the country’s economic recovery had been “jobless” and also “grossly overstated.” Wynn doubled down on those remarks later in a television interview with political journalist Jon Ralston. “The idea that America is in the grips of a great recovery is pure fiction,” Wynn told Ralston. “It’s a lie. It’s not true.” As far as his business in Las Vegas goes, though, Wynn is in a bit of a different position than some of his fellow resort operators, and that likely factors into why his outlook is so different from theirs. “Steve Wynn’s property is very focused on one particular segment of the economy: the upper end of the equation,” said Union Gaming Group analyst Chris Jones. Union Gaming made a similar point in a report released the week Wynn made his remarks, stating that “we firmly believe that the comments are largely a reflection of Wynn’s current experience in Las Vegas and not of the larger Las Vegas market.” Caesars, for instance, has more of a mix of high-end and middle market-focused properties in Las Vegas. Others are also less focused on international customers; Loveman noted in his earnings call that Caesars is “certainly more domestically focused than Steve is.” Yet observers have reason to be mindful of the comments from Wynn, a widely respected figure in the casino industry with a reputation for being forthright. “Mr. Wynn has been more often right than wrong, so you have to take what he says pretty seriously,” Restrepo said.
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Gaming group ‘troubled’ by possible credit card ban at casinos By j.d. morris Staff Writer
A recent report that found federal employees improperly used government credit cards at casinos could have unnecessary consequences for the gaming industry, the American Gaming Association warned. In a May 19 report, the Department of Defense Inspector General’s Office said it discovered hundreds of thousands of dollars in transactions where department credit card holders probably used their cards for personal purposes at casinos and “adult entertainment establishments.” The report made several recommendations, including that the government consider blocking cards from being used at specific casinos or adult entertainment businesses. The gaming association is taking issue with that recommendation. Geoff Freeman, president of the gaming association, wrote in a letter to Defense Department officials that while his group agreed “wholeheartedly” that government workers should be responsible with their card usage, it was “troubled” by recommendations of a ban at casinos. “A policy that prohibits the use of
Uber gets a green light in Nevada By VEGAS INC STAFF
Nevada lawmakers have passed a hard-fought bill to regulate companies such as Uber that allow people to hail a ride through a smartphone app. The Senate and Assembly approved Assembly Bill 175, which sets up regulations for “transportation network companies” and imposes a 3 percent tax on taxi and ride-hailing company rides. It places the companies under the authority of the Nevada Public Utilities Commission. The measure faced a rocky ride through the Legislature. A number of proposals that sought to allow the companies to operate in Nevada have faced stiff opposition from taxi lobbyists and Democrats concerned with safety regulations. Lawmakers expect the measure’s 3 percent excise tax on ride-share, taxi and limousine companies to generate about $70 million per year. At least $19 million of that funding will help pay for the UNLV medical school.
government credit cards at casinos would reflect a gross misunderstanding of casinos, which consist of much more than the gaming floor itself, and would ignore the many legitimate business-related expenses incurred at gaming facilities,” Freeman wrote. He questioned whether employees
Keyline Scale: 1”=1” Output at: Page:
NOT their TO BE USED COLOR es atFOR casinos. The APPROVAL report also identiwould be barred from using AM: cards S. Balickito stay BM:in D. a Scampini P: K.or Green fied 900 more transactions totaling credit hotel room $96,576 at “adult entertainment esfrom spending money at restaurants tablishments.” and stores that are part of casinos. Bridget Ann Serchak, chief of pubFrom July 1, 2013, through June 30, lic affairs for the Department of De2014, the report found 4,437 transacfense Inspector General, said restautions totaling $952,258 where Derants and hotels were not part of the fense Department employees likely costs questioned by the investigation. used their cards for personal purpos-
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Rock in Rio USA says expect a bigger, better event in 2017 By john katsilometes Staff Writer
The rendering had to come to life. That was the chief objective of organizers of Rock in Rio USA. The first installment of the twoweekend music festival played its final notes May 17 with a bounding performance by Bruno Mars. His set capped a total of about 40 hours of music and peripheral entertainment and attractions spread over two weekends at MGM Resorts Festival Grounds. As expected, the event was a massive undertaking as the first production ever at the new venue on the southwest corner of Sahara Avenue and the Strip. It also was the first staging of Rock in Rio in the United States. As it was, Rock in Rio USA’s success is measured by the fact that what was presented on that parcel matched the detailed model unveiled publicly for the first time in September. “Many people were not believing that we would be able to do what we did,” Rock in Rio Executive Vice President Roberta Medina said. “Sponsors, media, fans, even some bands were not believing we could make this happen.” Rock in Rio USA was left with a fancy rendering and a marketing push to educate the uninitiated about what the event is about. The name itself was something to address, as it presented a couple of challenges: The event is not expressly a rock event (pop, rap and EDM also are represented), nor is it expressly staged in Rio. Event officials made an early, and curious, decision to have its first major announcement of talent at Times Square in New York, where No Doubt showed up for a photo op and former Rock in Rio headliner John Mayer performed. In January, organizers staged an announcement of such artists as Sam Smith and Charli XCX at the Village recording studios in Los Angeles. The outside-in strategy was reflected in the festival’s regional breakdown, the numbers provided by Medina: 18 percent of fans who attended were from outside the United States. Of the 82 percent of festivalgoers from the U.S., just 15 percent were Las Vegas residents. One theory is that early estimations of as many as 82,000 fans expected on the Strip each night might actually have scared off potential local ticket-buyers. The relatively high cost of tickets, at $300 per weekend for a general admission pass and $500 for VIP access, also was out of the range for many Las Vegas music fans. “I think people were expecting a traditional festival, and this is not a traditional festival where you camp out. This is a tourist destination in a city, surrounded by hotels, and it is a party in a venue where there is more than just the music,” Medina said. “But it can be really tough to communicate our message for the first edition. We will have another discussion about marketing. We have been concentrating on California, Arizona and Nevada. “Maybe if we had it to do over again, we would have the New York party instead in L.A., in the
Rock in Rio USA featured Bruno Mars, John Legend, Joss Stone and many more musicians at the MGM Resorts Festival Grounds. (photos by L.e. baskow/staff)
Las Vegas market. But we are not giving up on our national campaign.” As announced by festival officials, total attendance at Rock in Rio USA was 172,000 over two weekends. The final numbers from Pop Weekend on Friday and Saturday were reportedly 90,000, or 42,000 on the first night (when Taylor Swift headlined) and 48,000 on Saturday (for the show closed by Mars). Numbers from other sources familiar with attendance were 30,000 that Friday and 35,000 that Saturday. Metro Police’s public information office issued a report after the first Saturday show stating 29,715 in attendance but later referred additional questions about attendance to the festival’s PR team. “We have access to the right numbers, and we have had a wonderful turnout,” Medina said. “Of course, we want more. We always want more. But we have done pretty good if you look at music events in this country and how they develop. In a town like Las Vegas, where it is such a destination with so much going on, it can be more complicated. But we had a wonderful event.” Even today, Medina and Rock in Rio officials are laying the groundwork for how to build on the Las Vegas event. Potential sponsors who were initially skeptics now have a real, live event to gauge. Some ideas that were not enacted for sponsorship attractions — such as branded dance contests and similar attractions — will be developed. The event is back in 2017 and committed to a long run in Las Vegas. Medina once more broached the idea of staging Rock in Rio USA annually, but not in 2016. There is not enough time, and the event in Rio is fast developing. “Maybe, after 2017, we will do it every year,” she said. “But now we are going to sit down and go over what was good and what wasn’t and do it even better next time.”
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b aby boomer en t repreneurs, from page 1
Rise of encore entrepreneurship has roots both in the aging workforce and the economic downturn 50 and older. Due to boredom with retirement, a need for supplementary income or finally taking the plunge to fulfill self-employment dreams, people 50-plus comprise one of the fastest-growing groups of entrepreneurs in the country. “What else was I going to do?” Newman asked. “I had an idea, and I thought there was a need for it. I literally had to start from scratch. I’d never done retail before.” Newman’s business, Coloring Books USA, has produced six coloring books since 2012, including ones for Las Vegas, Hoover Dam, Route 66 and the Indy 500. The Las Vegas coloring book, available at McCarran International Airport, is his best seller. In addition to running his own business, Newman, a former public relations and advertising executive, helps other budding entrepreneurs. He is one of 35 locals, all retired business owners or executives, who volunteers with the Small Business Administration’s Service Core of Retired Executives. “Since they have had many of the same experiences and they’re of the same age, it helps them connect better with encore entrepreneurs,” Small Bill Foster, owner of Accessibility Services, demonstrates a wheelchair stair-lift for private homes. Foster founded his Business Administration District Di- company at age 71. (L.E. Baskow/staff) rector Bob Holguin said. For more information ficult for older people to compete for The Small Business AdministraBaby boomers who want more information about starting a small business jobs against younger, college-educattion partners with AARP to promote can visit sba.gov/content/50-entrepreneurs to sign up for SCORE, learn ed candidates,” Holguin said. services — business training courses, about training sessions and find local resources. It’s also difficult for older workseminars and one-on-one counseling ers to bounce back after losing a job. sessions, all free of charge — to baby Two-thirds of workers ages 55 to own, doing consultations, tracking chose to start a business to meet an unboomers and retirees. 65 re-employed after the recession down equipment and making deals fulfilled need in the marketplace. “Age 65, 70, 75 doesn’t mean the made less in their new job than they with contractors. Bill Foster, 78, founded Accessisame thing as it did 20 years ago,” did in their previous job, according Almost 8 million self-employed bility Services in 2008 at age 71. The Holguin said. “People are more active. to the Bureau of Labor Statistics. The workers in the United States were 50 business helps seniors equip their They want to start a business. They re-employment rate for older workor older as of 2012, according to AARP homes so they can remain indepenwant to do something for themselves.” ers also is dire: 47 percent for 55- to and census data. The rise of encore dent as they age. Foster had spent 20 Eighty-three percent of senior en65-year-olds and 24 percent for peoentrepreneurship has roots both in years building care facilities and seetreprenuers surveyed by Gallup said ple over 65. the aging workforce and the economic ing firsthand what seniors wanted. their main reason for launching a “The economy killed a lot of peodownturn. In fact, Americans in their “People want to stay at home, not venture was to improve their lifestyle ple,” Newman said. “I had clients in 50s and early 60s lost more earning go into a home,” Foster said. “It has or to increase their income. They said their 50s and 60s who couldn’t find power during the recession than any become an acceptable trend to send it allowed them to be independent work because of their age. But they other age group, according to data mom and dad to a facility, and it’s just (32 percent) and enabled them to also no longer want to work for other analysis group Sentier Research. nonsense.” pursue their interests and passions people.” “In the general population, it’s difFoster runs the operation on his (27 percent). Only 10 percent said they
“Age 65, 70, 75 doesn’t mean the same thing as it did 20 years ago. People are more active. They want to start a business. They want to do something for themselves.” — Bob Holguin, district director of the Small Business Administration
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Calendar of events sunday, may 31 Get Connected 2015 Business Networking Expo Time: 11 a.m.-6 p.m. Cost: Free Location: Alexis Park, 375 E. Harmon Ave., Las Vegas Information: Visit eventbrite.com Members of the business community can network with business owners.
Monday, June 1
Wednesday, June 3
Las Vegas Heals medical mixer Time: 6-8 p.m. Cost: Free for the first 40 physicians, $30 for members Location: Gordon Biersch, 3987 Paradise Road, Las Vegas Information: Visit lasvegasheals.org Network with local members of the medical industry.
Thursday, June 4 “What the Health Care Law Means for Small Business” Time: 1-2 p.m. Cost: Free; must register Location: U.S. Small Business Administration district offices, 300 S. Fourth St., Suite 400, Las Vegas Information: Call 702-388-6652 or email christina.stace@sba.gov. A discussion about businesses’ responsibility to provide health benefits, extending coverage to adult offspring, notice requirements and administration.
Judge Douglas Herndon will speak at the Nevada Republican Men’s Club meeting. (staff file)
Nevada Republican Men’s Club meeting Time: 11:30 a.m.-1 p.m. Cost: $30 for members, $35 for nonmembers Location: Cili at Bali Hai, 5160 Las Vegas Blvd. South, Las Vegas Information: Visit republicanmensclub.com Eighth Judicial District Court Judge Douglas Herndon will be the guest speaker.
Tuesday, June 2 Business outreach event Time: 8:30 a.m.-1:30 p.m. Cost: Free Location: Historic Fifth Street School, 401 S. Fourth St., Las Vegas Information: Visit lasvegasnevada.gov/information Learn about competitive bidding exceptions and becoming certified as an emerging small business.
Topical drug delivery seminar Time: 11:30 a.m.-1 p.m. Cost: $40 Location: Lawry’s the Prime Rib, 4043 Howard Hughes Parkway, Las Vegas Information: Email john.k.laub@gmail.com Scott Shapiro of CellMedics will discuss his company’s efforts to develop an advanced painrelief cream that increases drug bioavailability in muscles and joints.
Vegas Inventors: Product Developers Group Time: 6-8:30 p.m. Cost: Free Location: The InNEVation Center, 6795 Edmond St., third floor, Las Vegas Information: meetup.com/vegasinventors Patent attorney Jason Webb will be the guest speaker.
Friday, June 5 Business intensive workshop Time: 12:30-3 p.m. Cost: Free; must register Location: Green Valley Ranch, 2300 Paseo Verde Parkway, Henderson Information: Visit masterclasswithkim.com
Information: Visit hendersonchamber.com Dr. Tony Chin will discuss advancements in neurological rehabilitation at St. Rose de Lima.
Wednesday, June 10 Business Expo 2015 Time: 11 a.m.-5 p.m. Cost: $10 Location: Cashman Center, 850 Las Vegas Blvd. North, Las Vegas Information: Visit lvchamber.com The Las Vegas Metro Chamber of Commerce will host this trade show and networking event, which will include more than 150 exhibit booths.
Business by the Book workshop: “Get Your Business Online” Time: 6-8 p.m. Cost: Free; must register Location: Lied Library, UNLV, 4505 S. Maryland Parkway, Las Vegas Information: Visit library.unlv.edu or call 702895-2277. Learn best practices for establishing an e-commerce website and building a social media presence, as well as how to optimize your business’ Web presence in search engines.
Thursday, June 11
Kim Flynn, of Kim Flynn Consulting, will teach entrepreneurs how to systematize, structure and automate their businesses.
Saturday, June 6 Solar NV Summer Solstice Golf Tournament Time: 7 a.m. Cost: $125 for Solar NV members, $150 for nonmembers, $500 for a group of four Location: Angel Park Golf Club, 100 S. Rampart Blvd., Las Vegas Information: Visit solarnv.org/golf Celebrate the summer solstice and network with local business professionals over a round of golf.
Monday, June 8 Aviation symposium Time: 8:30 a.m. Cost: $150; must register Location: Atomic Testing Museum, 755 E. Flamingo Road, Las Vegas Information: Visit titus.house.gov/aviation Government officials, industry experts and corporate CEOs will discuss original equipment manufacturing, aviation tourism, unmanned systems and the role of aviation in the U.S. economy.
Tuesday, June 9 Henderson Chamber of Commerce networking breakfast Time: 7-9 a.m. Cost: $25 for members, $45 for nonmembers, additional $10 for walk-ins Location: Cancun Room, Fiesta Henderson, 777 W. Lake Mead Parkway, Henderson
County Commissioner Lawrence Weekly (staff file)
Business workshop with County Commissioner Lawrence Weekly Time: 5:30-7 p.m. Cost: Free; must register Location: Pueblo Room, County Government Center, 500 S. Grand Central Parkway, Las Vegas Information: Email bloutreach@clarkcountynv. gov or call 702-455-2745 Learn what it takes to open a business and develop an understanding of county business licensing requirements.
Friday, June 12 Brigham Young University Management Society luncheon Time: 11:30 a.m.-1 p.m. Cost: $30 for members and guests with RSVP, $35 for members without RSVP, $15 for students Location: Brady Industries, 7055 Lindell Road, Las Vegas Information: lasvegas.byums.org Ken Alber, principal of the Penta Building Group, will be the guest speaker.
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Records and Transactions BANKRUPTCIES
nv.gov
CHAPTER 7
3 p.m. Current production model aerial trucks Clark County, 603704 Sandra Mendoza at sda@clarkcountynv.gov
Double A Electric LLC 570 W. Cheyenne Ave. North Las Vegas, NV 89030 Attorney: Antony M. Santos at tony@amsantoslaw.com Shelley 2004 Inc. 2733 Crystal Beach Drive Las Vegas, NV 89128 Attorney: Matthew Q. Callister at mqc@call-law.com
BID OPPORTUNITIES MONDAY, JUNE 1 2 p.m. Storage shelving and Jungheinrich stacker Clark County, 8336 Gail Burchett at gburchett@admin. nv.gov 2:15 p.m. Intersection improvements at Tenaya Way and Warm Springs Road Clark County, 603676 Ashley Blanco at ashley.blanco@ clarkcountynv.gov
TUESDAY, JUNE 2 2 p.m. Draeger Alcotest devices State of Nevada, 8328 Teri Becker at tbecker@admin. nv.gov 2:30 p.m. Epoke S3800 Sirius AST truckmounted spreader State of Nevada, 8338 Marti Marsh at mmarsh@admin. nv.gov
WEDNESDAY, JUNE 3 2 p.m. One-year open-term contract for potassium, acetate, liquid deicing agent State of Nevada, 8341 Marti Marsh at mmarsh@admin. nv.gov 2:30 p.m. Oracle licensing and support State of Nevada, 8340 Marti Marsh at mmarsh@admin. nv.gov
THURSDAY, JUNE 4 2:15 p.m. Traffic signal system at Lake Mead Boulevard and Sloan Lane Clark County, 603680 Ashley Blanco at ashley.blanco@ clarkcountynv.gov 2:30 p.m. 30,000 gross-vehicle-weight truck with flatbed body State of Nevada, 8330 Heather Moon at hmoon@admin.
FRIDAY, JUNE 5 2 p.m. One-year open-term contract for mattress cores State of Nevada, 8333 Sharon Knigge at sknigge@admin. nv.gov 3 p.m. Annual requirements maintenance contract for carpet and vinyl flooring Clark County, 603705 Chetan Champaneri at chetanc@ clarkcountynv.gov 3 p.m. ARC for landscape and grounds maintenance for Family and Youth Services Camp Clark County, 603697 Deon Ford at deonf@clarkcountynv.gov
Brokered transactions SALES $10,675,000 for 190 units, multifamily residential 3535 Cambridge St., Las Vegas 89169 Seller: Aspen Meadows Apartments LLC Seller agent: NAI Vegas Sauter Multifamily Group Buyer: Westland Aspen Meadow LLC Buyer agent: NAI Vegas Sauter Multifamily Group $1,600,000 for 11,093 square feet, retail 5697 S. Jones Blvd., Las Vegas 89118 Seller: Criterion Group Inc. Seller agent: Soozi Jones Walker of Commercial Executives Buyer: Vittorio Holding LLC Buyer agent: Neil Dela Cruz and Hillary Steinberg of MDL Group $940,000 for 7,268 square feet, office 8685 S. Eastern Ave., Las Vegas 89123 Seller: Nevada State Bank Seller agent: Marlene Fujita and Charles Moore of CBRE Buyer: D&T Development Properties LLC Buyer agent: Jarrad Katz and Galit Kimerling of MDL Group
$625,000 for 6,150 square feet, residential 7711 W. Post Road, Las Vegas 89113 Seller: Kickjab Inc. Seller agent: Erik Sexton of Sperry Van Ness Buyer: Studio 38 LLC Buyer agent: Kevin Higgins, Garrett Toft and Zac Zaher of Voit Real Estate Services $594,000 for 4,400 square feet, office 6110 Elton Ave., Las Vegas 89107 Seller: Danoski Clutts Seller agent: Jarrad Katz and Galit Kimerling of MDL Group Buyer: Toro Law LLC Buyer agent: Nick Maldonado of Toro Realty Corp
LEASES $592,545 for 22,554 square feet, office for 36 months 5080 Cameron St., Las Vegas 89118 Seller: Pahor Family Trust Seller agent: Jarrad Katz and Galit Kimerling of MDL Group Buyer: Sunstate Companies Buyer agent: Did not disclose $165,600 for 3,000 square feet, retail for 63 months 2625 E. Tropicana Ave., Suite I, Las Vegas 89121 Seller: 2615 Tropicana Avenue LLC Seller agent: Matt Feustel and Jakke Farley of Virtus Commercial Buyer: Triple Platinum Buyer agent: Did not disclose $142,872 for 4,017 square feet, retail for 44 months 8450 W. Sahara Ave., Suites 102 and 103, Las Vegas 89117 Seller: GWHC of Nevada Robinson Leung Seller agent: Jerry Hagfeldt of MDL Group Buyer: Dog Supply Outlet Buyer agent: Did not disclose
BUSINESS LICENSES Infinity Environmental Services LLC Business type: Management or consulting service Address: 9594 W. Newton Grove Court, Las Vegas Owner: Andrea Havens Jacky Pool Service Business type: Residential property maintenance Address: Did not disclose Owner: Jiaqi He Hilker Business type: Real estate salesperson Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: Jaime Hilker
Janfree Ent Business type: Miscellaneous Address: 619 Casa Del Norte Drive, North Las Vegas Owner: Barbara Fender Jeffrey H. Henmi Business type: Real estate salesperson Address: 4604 W. Sahara Ave., Suite 3, Las Vegas Owner: Jeffrey H. Henmi Jiffy Smog Business type: Auto testing Address: 26 W. Horizon Ridge Parkway, Henderson Owner: Jiffy Smog LLC Joann’s Cleaning Services Business type: Residential property maintenance Address: Did not disclose Owner: Alejandra GuerreroMarroquin Joey Schrader Business type: Solicitors and peddlers Address: 2001 Ramrod Ave., Suite 2225, Henderson Owner: Joey Schrader Jouvence Skin Care Business type: Massage establishment Address: 2380 N. Buffalo Drive, Suite 150, Las Vegas Owner: Valerie Broaddus K. Kruz Bounce House & Inflatables Business type: Miscellaneous sales/service Address: 1244 Appaloosa Hills Ave., North Las Vegas Owner: Brittany L. Haney Karen Lynn Tate Business type: Real estate salesperson Address: 777 N. Rainbow Blvd., Suite 120, Las Vegas Owner: Karen L. Tate
Las Vegas Owner: La Bonita Grocery And Meat Market Las Vegas Test Strip Business type: Medical supplies Address: 1489 W. Warm Springs Road, Suite 110, Henderson Owner: Bravo And Hall Alliance Group LLC Las Vegas the Game Business type: Professional promoter Address: Did not disclose Owner: Harvey Oswald Entertainment LLC Laurence Donoghue Business type: General retail sales Address: Did not disclose, Las Vegas Owner: Laurence Donoghue Lawrence Nathan Associates Inc. Business type: Collection/credit reporting agency Address: 2355 Red Rock St., Suite 100, Las Vegas Owner: Jasmine G. Brooks Littlejohn Engineering Associates Inc. Business type: Professional services Address: 1615 Edgewater Drive, Suite 180, Las Vegas Owner: Bruce L Altstaetter Live Fire Q Business type: Restaurant with bar Address: 4300 E. Sunset Road, Suite A6, Henderson Owner: LFQ LLC Living Ecology Inc. Business type: Warehousing/ manufacturing Address: 7390 Eastgate Road, Suite 100, Henderson Owner: Living Ecology Inc.
Karen Ramos Business type: Real estate salesperson Address: 10750 W. Charleston Blvd., Suite 180, Las Vegas Owner: Karen (Kay) Ramos
Living Well Chiropractic Business type: Massage establishment Address: 10300 W. Charleston Blvd., Suite 10, Las Vegas Owner: Living Well Chiropractic LLC
Katalin Szeidl Business type: Independent massage therapist Address: 10911 Calcedonian St., Las Vegas Owner: Katalin Szeidl
LLV Pet Walkers Club Business type: Pet care Address: 19 Via Visione, Suite 104, Henderson Owner: Monica Kowal
Khepri Solar Energy LLC Business type: Multijurisdictional contractor Address: 2808 Willow Wind Court, Las Vegas Owner: Justin Parr La Bonita Grocery and Meat Market Business type: Miscellaneous Address: 4403 McGuire St., North
Lowrys Catering Inc. Business type: Alcohol caterer Address: 4125 W. Charleston Blvd., Las Vegas Owner: Robert W. Lowry Lularoe By Brooke J. Business type: General retail sales Address: Did not discloseOwner: Brooke L. Jordan
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19
VEGAS INC May 31- June 6
Records and Transactions Malco Nevada Inc. Business type: Repair and maintenance Address: 5985 McLeod Drive, Las Vegas Owner: Tim Matz Mango Tango Bar & Grill Business type: Nightclub/tavern Address: 2101 S. Decatur Blvd., Suites 1-4, Las Vegas Owner: Gus Escobar LLC Marco’s Custom Airbrushing Business type: Art sales Address: 986 Hidden Meadow Ave., Henderson Owner: Marco Antonio Morales Marios Discount Store Business type: General retail sales Address: 4425 Stewart Ave., Suite 113, Las Vegas Owner: Saray Renteria Mazur & Brooks, A Professional Law Corp. Business type: Professional services Address: 2355 Red Rock St., Suite 100, Las Vegas Owner: Jasmine G. Brooks Medlife Transportation Business type: Trucking Address: 3111 S. Valley View, Suite B207, Las Vegas Owner: Medlife Transportation LLC Members Auto Brokerage Service Inc. Business type: Professional services Address: 303 S. Water St., Suite 100, Henderson Owner: Members Auto Brokerage Service Inc. Merry Maids 677 Business type: Handbill and oral solicitation Address: 5243 W. Charleston Blvd., Suite 11, Las Vegas Owner: Jandin Inc. Metrospace Design Group Inc. Business type: Merchandise broker Address: Did not disclose Owner: Susan L. Heath Metrospace Design Group Inc. Business type: Designer-draftsman Address: Did not disclose Owner: Susan L. Heath Michael Kruse Business type: Real estate salesperson Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Michael Kruse Michelle E Woodruff Business type: Real estate salesperson Address: 10750 W. Charleston Blvd., Suite 180, Las Vegas Owner: Michelle E. Woodruff
Mode Salon Business type: Beauty parlor Address: 6365 Simmons St., North Las Vegas Owner: Mode Salon LLC Mr. Janitorial Business type: Property maintenance Address: 5968 Hickory Nut Ave., Las Vegas Owner: Miguel Angel DeJesusMorales Muriel D Gund Esq Business type: Professional services Address: 1805 S. Eastern Ave., Las Vegas Owner: Muriel D. Gund My Direct Loan Center LLC Business type: Nondepository lender Address: 2355 Red Rock St., Suite 103, Las Vegas Owner: Michael Mazur Naked Skinn Studio Business type: Beauty parlor Address: 601 Whitney Ranch Drive, Suite D21, Henderson Owner: Catherine Leake Nancy Bonnie Iverson Business type: Real estate salesperson Address: 5550 Painted Mirage Road, Suite 140, Las Vegas Owner: Nancy Bonnie Iverson LLC Nellis Trail Laundromat Business type: Dry cleaning/laundry facility and services Address: 765 N. Nellis Blvd., Suite 8, Las Vegas Owner: Jeong Kim Network Security Associates Business type: Computer/network systems Address: 1680 W. Liege Drive, Henderson Owner: Network Security Associates Inc. Nevada Malco Services Business type: Multijurisdictional contractor Address: 5985 McLeod Drive, Las Vegas Owner: Malco Services Nevada Inc. Oasis Insurance Services LLC Business type: Insurance agency Address: 1924 S. Maryland Parkway, Las Vegas Owner: Bob Saunders Oasis Insurance Services LLC Business type: General services Address: 1924 S. Maryland Parkway, Las Vegas Owner: Bob Saunders One O. One Business type: Management or consulting service
Address: 3965 E. Owens Ave., Suite 160, Las Vegas Owner: Moises S. Romero Majano Pact-One Solutions Inc. Business type: Trucking Address: 8215 S. Eastern Ave., Suite 101, Las Vegas Owner: Pact-One Solutions Inc. Pancy Coffman LLC Business type: Professional services Address: 8350 W. Sahara Ave., Suite 150, Las Vegas Owner: Pancy Coffman Patriot Environmental Services Business type: Property maintenance Address: 647 Cape Horn Drive, Henderson Owner: Patriot Environmental Services Inc. Paul Thompson Business type: Real estate salesperson Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Paul Thompson Pegasus Marble Inc. Business type: Contractor Address: 2661 Western Ave., Las Vegas Owner: Gagik Zargaryan Penelope Wildberry Business type: Retail Address: 10845 S. Eastern Ave., Suite 120, Henderson Owner: Penelope Wildberry LLC Prism Global Management Group LLC Business type: Business consultant Address: 701 N. Green Valley Parkway, Suite 200, Henderson Owner: Prism Global Management Group LLC Pure Water Stations Inc. Business type: General retail sales Address: 329 N. Las Vegas Blvd., Las Vegas Owner: Frances Bunnell Pw Enterprises Inc. Business type: Miscellaneous sales/service Address: Did not disclose Owner: Pw Enterprises Inc. R. Directional Drilling & Underground Technology Business type: Multijurisdictional contractor Address: 4590 Copper Sage St., Las Vegas Owner: Jose Ruiz-Luna Radix Construction Inc Business type: Contractor Address: 16 12th Ave., Suite 102, Las Vegas Owner: Jeffrey S. Stimpson
Rancho Circle Laundromat Business type: Dry cleaning/laundry facility and services Address: 2401 W. Bonanza Road, Suite Q, Las Vegas Owner: RCL Services Realty Investment Group Business type: Real estate business Address: 2850 W. Horizon Ridge Parkway, Suite 200, Henderson Owner: Alfred Barbagallo Resolution Medical Waste Consulting LLC Business type: Type 6 Address: 2440 Ping Drive, Henderson Owner: Resolution Medical Waste Consulting LLC Robles Lawn Service Business type: Property maintenance Address: 4428 Sheen Ave., Las Vegas Owner: Jose and Patricia Robles Rodriguez Promotions Business type: Beer/wine special event liquor permit Address: 2100 N. Boulder Highway, Henderson Owner: Alfonso Rodriguez Round Table Industries Business type: Management or consulting service Address: 3620 N. Rancho Drive, Suite 117, Las Vegas Owner: Ian Ritchie Scope Contracting Business type: Multijurisdictional contractor Address: 3170 E. Sunset Road, Suite B, Las Vegas Owner: A&R Group LLC Second Home Studio Business type: Sales/service Address: 101 W. Brooks Ave., North Las Vegas Owner: Prince Gilyard Seed Capital Business type: Management or consulting service Address: 1707 Village Center Circle, Suite 200, Las Vegas Owner: Seed Consulting LLC Service King Collision Repair Centers Business type: Automotive garage Address: 7350 W. Azure Drive, Las Vegas Owner: Service King Paint & Bod, LLC Shawna Sonnenburg Business type: Real estate salesperson Address: 8010 W. Sahara Ave., Suite 140, Las Vegas Owner: Shawna Leigh Sonneburg LLC
Sin City Brew Tours Business type: Brewery tours Address: 244 Palmetto Pointe Drive, Henderson Owner: Hopping Around LLC Smoke Shop Business type: Tobacco sales Address: 4420 E. Charleston Blvd. 7, Las Vegas Owner: Balvinder Kaur Smoke Shop Business type: Tobacco dealer Address: 4420 E. Charleston Blvd., Suite 7, Las Vegas Owner: Balvinder Kaur State Fire DC Specialties LLC Business type: Contractor Address: 118 Corporate Park Drive, Suite 113, Las Vegas Owner: Did not disclose Steel Concepts LLC Business type: Multi-jurisdictional contractor Address: 595 E. Brooks Ave., North Las Vegas Owner: Steel Concepts LLC Street Car Po-Boys Business type: Restaurant Address: 5201 W. Charleston Blvd., Suite 110, Las Vegas Owner: Streetcar PO Boys LLC Suite One Salon Business type: Cosmetological establishment Address: 9931 W. Charleston Blvd., Suite 1, Las Vegas Owner: Sunstram LLC T1 Payments Business type: Administrative office space Address: 10655 Park Run Drive, Suite 100, Las Vegas Owner: T1 Payments LLC Tamra L. Coulter Business type: Real estate salesperson Address: 10000 W. Charleston Blvd. 130, Las Vegas Owner: Tamra L. Coulter TankeRoadirect Business type: Gross revenue Address: 3370 St. Rose Parkway, Suite 2321, Henderson Owner: Nathaniel Mondell Tattoo Tequila Inc. Business type: Food and beverage Address: 17 Cerchio Basso, Henderson Owner: Tattoo Tequila Inc. Techcore Concepts Business type: General services Address: 3634 N. Rancho Drive, Las Vegas Owner: Techcore Concepts LLC
20
VEGAS INC May 31- June 6
your Business-to-business news Send your business-related information to news@vegasinc.com
Records and Transactions Tender Tails Pet Salon Business type: Animal products and services Address: 3250 N. Decatur Blvd., North Las Vegas Owner: Cynthia Rubinson Tetra Tech Inc. Business type: Multijurisdictional contractor Address: 1489 W. Warm Springs Road, Suite 110, Henderson Owner: Tetra Tech Inc. The Cleopatra Group LLC Business type: Gross revenue Address: 701 Aspen Peak Loop, Suite 2624, Henderson Owner: The Cleopatra Group LLC The D Business type: Storage facility large Address: 4411 McGuire St., North Las Vegas Owner: Drock Gaming LLC
BUILDING PERMITS
$250,000, office 2675 Western Ave., Las Vegas AJB General Contractor
$156,323, residential 366 Port Reggio St., Las Vegas Ryland Homes
$240,000, commercial - remodel 102 E. Lake Mead Parkway, Henderson St. Rose Dominican Hospital
$153,031, residential 8432 Painted Walls St., Las Vegas Pulte Homes Of Nevada
$132,491, building renewal 4313 Red Fan Palm Court, North Las Vegas Century Communities of Nevada
$151,000, retail 875 S. Grand Central Parkway, Las Vegas Kovic International Construction
$132,055, building renewal 5642 Pleasant Palms St., North Las Vegas J.F. Shea Co. Inc.
$147,148, building renewal 925 Pine Vista Court, North Las Vegas Pardee Homes Nevada
$129,640, residential 8231 Southern Cross Ave., Las Vegas Ryland Homes
$147,148, building renewal 920 Pine Vista Court, North Las Vegas Pardee Homes Nevada
$129,640, residential 8244 Southern Cross Ave., Las Vegas Ryland Homes
$146,998, building renewal 4333 Shady River Ave., North Las Vegas KB Homes Nevada Inc.
$129,479, building renewal 1009 Pine Vista Court, North Las Vegas Pardee Homes of Nevada
$142,483, residential 7931 Torreys Peak St., Las Vegas Ryland Homes
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$215,433, office 9420 W. Sahara Ave., Suite 108, Las Vegas TWC Construction $208,264, residential 8408 Painted Walls St., Las Vegas Pulte Homes Of Nevada $190,000, business 6211 N. Decatur Blvd., Suite 120, Las Vegas National Construction Management $186,273, on-site hardscapes and improvements 8818 Saxon Canyon St., Las Vegas Richmond American Homes of Nevada
$1,997,890, commercial 653 McKnight St., Las Vegas Baja Constrution Co. Inc.
$186,273, office 8818 Saxon Canyon St., Las Vegas Richmond American Homes of Nevada
$751,450, commercial - remodel 2360 Corporate Circle, Suite 300, Henderson Ben Allers
$185,812, residential 339 Values Circle, Henderson Woodside Homes Of Nevada Inc.
$454,201, wall/fence 212 Fox Hill Drive, Las Vegas Frank Iovino & Sons Masonry Inc.
$184,137, building renewal 6541 Claystone Creek Court, North Las Vegas Pardee Homes Nevada
$400,000, office 2020 Goldriveing Ave. 402, Las Vegas Quality Construction LLC
$181,820, residential 3214 Monte Stella Ave., Henderson Toll Henderson LLC
$367,985, residential 7455 Yonie Court, Las Vegas Plasim Homes LLC $367,985, residential 7507 Yonie Court, Las Vegas Plasim Homes LLC $367,985, residential 7503 Yonie Court, Las Vegas Plasim Homes LLC $367,985, residential 7459 Yonie Court, Las Vegas Plasim Homes LLC $317,279, residential 9630 Porcupine Hills Court, Las Vegas Toll North LV LLC $317,279, residential 9620 Widgeon Court, Las Vegas Toll North LV LLC $317,279, residential 7010 Royal Antelope St., Las Vegas Toll North LV LLC
$180,562, residential 8424 Painted Walls St., Las Vegas Pulte Homes Of Nevada $179,335, residential 9621 Widgeon Court, Las Vegas Toll North LV LLC $175,090, residential 8112 Majestic Bighorn St., Las Vegas Woodside Homes Of Nevada LLC $170,157, building renewal 1008 Pine Vista Court, North Las Vegas Pardee Homes Nevada $158,479, building renewal 2414 Endearing Court, North Las Vegas Richmond American Homes of Nevada $158,479, building renewal 3917 Ravens Court, North Las Vegas Richmond American Homes of Nevada
$142,483, residential 10452 White Princess Ave., Las Vegas Ryland Homes $142,483, residential 6688 Bristle Falls St., Las Vegas Ryland Homes $142,483, residential 10456 White Princess Ave., Las Vegas Ryland Homes $140,614, building renewal 6553 Claystone Creek Court, North Las Vegas Pardee Homes Nevada $140,580, building renewal 6544 Claystone Creek Court, North Las Vegas Pardee Homes Nevada $140,580, building renewal 6545 Claystone Creek Court, North Las Vegas Pardee Homes Nevada $140,291, building renewal 6548 Claystone Creek Court, North Las Vegas Pardee Homes Nevada $140,170, residential 8416 Painted Walls St., Las Vegas Pulte Homes Of Nevada $133,048, building renewal 2413 Endearing Court, North Las Vegas Richmond American Homes of Nevada $132,764, building renewal 5638 Pleasant Palms St., North Las
Vegas J.F. Shea Co. Inc.
$129,039, building renewal 3816 Fuselier Drive, North Las Vegas Richmond American Homes of Nevada $129,039, building renewal 3921 Coleman St., North Las Vegas Richmond American Homes of Nevada $126,204, residential 870 N. Water St., Henderson Ryland Homes $126,204, residential 878 N. Water St., Henderson Ryland Homes $126,204, residential 874 N. Water St., Henderson Ryland Homes $126,054, residential 6701 Bristle Falls St., Las Vegas Ryland Homes $126,054, residential 6680 Bristle Falls St., Las Vegas Ryland Homes $126,054, residential 6741 Conquistador St., Las Vegas Ryland Homes $126,054, residential 6687 Bristle Falls St., Las Vegas Ryland Homes $126,054, residential 6672 Bristle Falls St., Las Vegas Ryland Homes $124,605, residential 7827 Verdugo Peak St., Las Vegas
Ryland Homes $124,605, residential 10660 Forum Peak Lane, Las Vegas Ryland Homes $122,187, residential 6658 Bristle Falls St., Las Vegas Ryland Homes $120,492, residential 284 Via San Gabriella, Henderson Century Communities Of Nevada LLC $120,185, Residential 10438 Prairie Mountain Ave., Las Vegas Ryland Homes $120,000, residential 417 Rosemary Lane, Las Vegas Tiburon Construction
CONVENTIONS Waste Expo 2015 Location: Las Vegas Convention Center Dates: June 2-4 Expected attendance: 12,000 Association of Professional Piercers - 2015 Annual Conference and Exposition Location: Flamingo Dates: June 7-12 Expected attendance: 1,000 Licensing International Expo 2015 Location: Mandalay Bay Dates: June 9-11 Expected attendance: 13,000 Western States Roofing Contractors Association 2015 Convention & Tradeshow Location: Paris Dates: June 14-17 Expected attendance: 4,000 International Quality & Productivity Center (IQPC) - 16th Annual Call Center Week Location: The Mirage Dates: June 15-19 Expected attendance: 1,000 Amazing Las Vegas Comic Con - 2015 Location: South Point Dates: June 19-21 Expected attendance: 4,000 International Esthetics Cosmetic and Spa Conference (IECS) - 2015 Location: Las Vegas Convention Center Dates: June 20-22 Expected attendance: 25,000 To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
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22
VEGAS INC
your Business-to-business news
May 31- June 6
Send your business-related information to news@vegasinc.com
The List 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Category: publicly reporting companies (Ranked by revenue for the most recently completed fiscal year)
Company
Revenue
Net Income (loss)*
Total Assets
Year Est.
Top executive
Las Vegas Sands Corp. 3355 Las Vegas Blvd. South Las Vegas, NV 89109 702-414-1000 • sands.com
$15.4 billion
$2.8 billion
$22.4 billion
1990
Sheldon Adelson, chairman, CEO
MGM Resorts International 3600 Las Vegas Blvd. South Las Vegas, NV 89109 702-693-7120 • mgmresorts.com
$10.1 billion
$149.9 million
$26.7 billion
1986
James J. Murren, chairman, CEO
Caesars Entertainment Corp. One Caesars Palace Drive Las Vegas, NV 89109 702-407-6000 • caesars.com
$8.5 billion
($2.8 billion)
$23.5 billion
1999
Gary Loveman, chairman, CEO
Wynn Resorts Ltd. 3131 Las Vegas Blvd. South Las Vegas, NV 89109 702-770-7555 • wynnresorts.com
$5.4 billion
$731.6 million
$9.1 billion
2005
Steve Wynn, chairman, CEO
Boyd Gaming Corp. 3883 Howard Hughes Parkway, 9th Floor Las Vegas, NV 89169 702-792-7200 • boydgaming.com
$2.7 billion
($53 million)
$4.5 billion
1974
William S. Boyd, executive chairman
Pinnacle Entertainment Inc. 3980 Howard Hughes Parkway Las Vegas, NV 89169 702-541-7777 • pnkinc.com
$2.2 billion
$43.8 million
$4.8 billion
1997
Anthony Sanfilippo, CEO
Southwest Gas Corp. 5241 Spring Mountain Road PO Box 98510 Las Vegas, NV 89193 702-876-7237 • swgas.com
$2.1 billion
$141.1 million
$5.2 billion
1954
John P. Hester, president, CEO
Scientific Games Corp. 6650 S. El Camino Road Las Vegas, NV 89118 702-897-7150 • scientificgames.com
$1.8 billion
($234.3 million)
$10 billion
1989
Gavin Isaacs, president, CEO
Station Casinos LLC 1505 S. Pavilion Center Drive Las Vegas, NV 89135 702-495-3000 • sclv.com
$1.3 billion
$83.3 million
$3 billion
1976
Frank Fertitta III, manager, CEO
Allegiant Travel Co. 1201 N. Town Center Drive Las Vegas, NV 89144 702-851-7300 • allegiantair.com
$1.1 billion
$86.7 million
$1.2 billion
1997
Maurice Gallagher Jr., CEO, director
Tropicana Entertainment Inc. 8345 W. Sunset Road, Suite 200 Las Vegas, NV 89113 702-589-3900 • tropicanacasinos.com
$746.7 million
$251.3 million
$1.3 billion
2007
Anthony Rodio, president, CEO
Global Cash Access Holdings Inc. 7250 S. Tenaya Way, Suite 100 Las Vegas, NV 89113 1-800-833-7110 • gcainc.com
$593.1 million
$12.1 million
$1.7 billion
1998
Ram Chary, president, CEO
Affinity Gaming 3755 Breakthrough Way, Suite 300 Las Vegas, NV 89135 702-341-2400 • affinitygamingllc.com
$388 million
($23.7 million)
$614.2 million
1987
Michael Silberling, CEO
American Casino & Entertainment Properties LLC 2000 Las Vegas Blvd. South Las Vegas, NV 89104 702-380-7777 • acepllc.com
$351.1 million
$7 million
$1.2 billion
2003
Frank Riolo, CEO
Full House Resorts Inc. 4670 S. Fort Apache Road, Suite 190 Las Vegas, NV 89147 702-221-7800 • fullhouseresorts.com
$121.4 million
$20.8 million
$140.9 million
1994
Daniel Lee, CEO
*Net income (loss) is, in applicable cases, less that attributable to noncontrolling interests Source: Filings with the Securities and Exchange Commission and VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC lists, omissions sometimes occur. Please send corrections or additions on company letterhead to Pashtana Usufzy, researcher, VEGAS INC, 2360 Corporate Circle, Third Floor, Henderson, NV 89074.
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