v e g a s i n c . c o m | J u n e 2 5 - j u l y 1, 2 0 1 7
(shutterstock)
Big data, huge potential Gaming sector could see great gains from acting on rich analytics By Daniel Rothberg | Staff Writer
What would the “Moneyball” casino look like? ¶ As a Ph.D. candidate studying big data at UNLV, Ray Cho has given some thought to this question. Cho, who has 20 years of experience in the hotel industry, works as an analyst manager at American Casino & Entertainment Properties. ¶ With advancements in computing and machine learning, businesses across data, Continued on page 11
$13.7B Amount Amazon is paying to acquire Whole Foods. Some are concerned it could negatively impact the rest of the grocery industry because of the potential monopoly.
87%
Share of negative reviews for “Grand Theft Auto 5” in the past 30 days, in the wake of the game’s publisher Take-Two Interactive blocking the use of a popular modification tool.
1.3M
Self-described pieces of sarcasm being fed to a computer program by computer scientists from Princeton University. The data set originates from commenters on Reddit.
1B
Number of rides in autonomous electric vehicles Lyft aims to provide by 2025. The ride-hail company provided 160 million rides in 2016, none of which were fully autonomous.
2
VEGAS INC JUNE 25-JULY 1
CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
05 06 14 Q&A WITH MEGAN ACKAERT
One of JPMorgan Chase’s newest market executives talks about developing professional relationships quickly in a new city, the importance of smart hiring decisions and her role as a financial partner to her clients. THE NOTES People on the move, P4
MEET PARKER MEDICAL
Dr. Ryon Parker says he inherited a broken health care system, so he created a concierge practice in an effort to address that. Parker says the business model allows more focus on the patient-physician relationship, yielding more satisfying results for both. TALKING POINTS Tax credit could move more families out of poverty, 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, P12 The List: Third-party commercial property managers, P18
EDITORIAL EDITOR Erin Ryan (erin.ryan@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer (ray.brewer@gmgvegas.com) STAFF WRITERS Mick Akers, April Corbin, Yvonne Gonzalez, Jesse Granger, Chris Kudialis, Thomas Moore, Cy Ryan, Camalot Todd, Ricardo Torres-Cortez COPY DESK CHIEF John Taylor GENERAL EDITOR Paul Szydelko ASSISTANT GENERAL EDITOR Adam Candee COPY EDITOR Christian Bertolaccini SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Jamie Gentner EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz OFFICE COORDINATOR Nadine Guy
ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Yasmina Chavez PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus, Mikayla Whitmore
ADVERTISING PUBLISHER OF DIGITAL MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATOR Denise Arancibia SENIOR ADVERTISING MANAGER Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn BUSINESS DEVELOPMENT SPECIALIST Sandra Segrest ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Sue Sran ADVERTISING MANAGERS Kelly Decker, Brianna Eck, Chelsea Smith, Danielle Stone, Alex Teel
MARKETING & EVENTS
Lauren Eble of Konami Gaming, center, shows off the Neo Contra slot machine during the Global Gaming Expo in 2014. The slot machine is based on a nostalgic video game.
EVENT MANAGER Kristin Wilson DIGITAL MARKETING MANAGER Jackie Apoyan
PRODUCTION VICE PRESIDENT OF MANUFACTURING Maria Blondeaux PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Dany Haniff TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson
(STEVE MARCUS/STAFF FILE)
CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein
OUR TAKE: MILLENNIALS MAY FIND A WAY TO EMBRACE SLOT PLAY A trend discussed repeatedly in recent months is how younger people don’t like to gamble. And when they do gamble in casinos, they tend to avoid traditional games that have been popular among previous generations. Millennials growing up in a social media world have consumed a steady diet of immersive video games since before they could walk. As a result, the argument goes, solitary games such as slots or video poker just won’t cut it for them. However, an ESPN.com story published this year revealed that some young people will gamble on traditional casino games and, surprisingly, are learning about them via video games. Inside the world of video games there exists a phenomenon known as “skins.” Skins are distinctive colors and patterns used to change the appearance of objects in the game. For example, in a first-person shooting
game in which the goal is to find and kill terrorists, players use skins to change the look of rifles, handguns or knives. Businesses have grown up around specific video game titles, allowing players to collect, trade and purchase skins for real money, sometimes hundreds or thousands of dollars. Some third-party services even allow players to make bets using skins instead of real money. The ESPN story detailed how one teen spent thousands of his parents’ money buying skins and wagering them on games such as roulette, slots and dice. So are the days of slot machines and other traditional casino games numbered? The casino floor 20 years from now undoubtedly won’t look exactly the same as it does now. But given the ESPN story, it may not be as different as you’d think. — THOMAS MOORE
VOLUME 4, ISSUE 25 Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the first 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 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2275 Corporate Circle, Suite 300 Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions and customer service: Call 818.487.4538, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
We work with you to provide the right technology for your business. Get maximum Internet download speed options up to 10 Gigs, and choose from several voice solutions that scale as your business grows. It’s all backed by our responsive, 24/7 business-class customer support.
25 Mbps Internet and Voice with Unlimited Nationwide Long Distance
GET A $200 VISA® PREPAID CARD AFTER ONLINE REDEMPTION†. MENTION “REWARD PROMO” TO QUALIFY.
99
$
/mo*
with a 3-year agreement
CALL 702- 939-1148 OR VISIT COXBUSINESS.COM TO SWITCH TODAY Offer ends 8/31/17. Available to new commercial data and voice subscribers (excluding government agencies and schools) in Cox service areas. $99.00/month includes VoiceManagerSM Unlimited and Cox Business InternetSM 25 (max. 25/5 Mbps). Price based on 3 year service term. Early termination fees may apply. Standard rates apply thereafter. Up to 10 additional Cox Business VoiceManagerSM Unlimited line(s) may be added for $30.00 per line per month. Price exclude equipment, installation, construction, inside wiring, taxes, surcharges and other fees, unless indicated. Offer is nontransferable to a new service address. Uninterrupted or error-free Internet service, or the speed of your service, is not guaranteed. Actual speeds vary. Rates and bandwidth options vary and are subject to change. DOCSIS 3.0 modem may be required, unless indicated. Seewww.cox.com/internetdisclosures for complete Cox Internet Disclosures. Unlimited plan is limited to direct-dialed domestic calling and is not available for use with non-switched-circuit calling, auto-dialers, call center applications and certain switching applications. Phone modem provided by Cox, requires electricity, and has battery backup. Access to E911 may not be available during extended power outage or if modem is moved or inoperable. Telephone services are provided by an affiliated Cox entity. Services are not available in all areas. Discounts are not valid in combination with or in addition to other promotions and cannot be applied to any other Cox account. †Cox Business Visa® Prepaid Card available with qualifying new services ordered and activated between 5/1/17 and 9/1/17 with minimum 3 year contract. Customer must mention promotion code “reward promo” when placing their order to receive card. Account must remain active, be in good standing, and retain all services for a minimum of 30 days after install. Online redemption required following instructions to be mailed to customer after service activation. Online information to be submitted no later than 9/30/17. Void where prohibited. Limit one Prepaid Card per customer, total not to exceed $200 when purchasing Cox Business InternetSM 25. Allow 6-8 weeks after redemption for delivery. Cards issued by MetaBank®, member FDIC, pursuant to a license from Visa U.S.A. Inc. Cardholders are subject to terms and conditions of the card as set forth by the issuing bank. Card does not have cash access and can be used anywhere Visa debit cards are accepted within the U.S. only. Cards valid through expiration date shown on front of card. Valid in U.S., U.S. territories and Puerto Rico. Offer subject to modification or withdrawal at any time without notification. Other restrictions apply. © 2017 Cox Communications Inc. All rights reserved.
4
VEGAS INC
the notes
june 25-July 1
Send your business-related information to news@vegasinc.com
Shannon Wilson and Russel Geist are partners at Hutchison & Steffen. Wilson practices in wilson geist the firm’s litigation department, focusing on family law, but also practicing commercial litigation and insurance defense in the health care professionals advocacy group. Geist focuses his practice primarily in trust and probate litigation. Christian Stuart is executive vice president of gaming and interactive entertainment at Caesars Entertainment. Dr. Lane Smith is one of 500 doctors worldwide to receive the RealSelf 500 Award, which honors board-certified aesthetic doctors who demonstrate stewart a commitment to patient education and positive patient outcomes in 2016. Sarah Reed is a production artist for the creative division at B&P Advertising, Media and Public Relations. Global Market Advisors’ Jonathan Galaviz accepted a position in the Trump administration as special adviser at the U.S. State Department. He most recently served as chief strategist for GMA.
reed
Renata Follmann and Amy Rossetti launched Rossetti Public Relations. Michelle Luffy is the 11th UNLV student accepted into the Las Vegas Business Academy’s Scholarship Program. She is pursuing her Master of Business Administration. Christy Lou Andersen is a partner with Bradshaw, Smith & Co. She specializes in auditing and has experience in construction, broadcasting, printing, governmental, not-for-profit, and pension plans. Jerrie Merritt, senior vice president and community de-
andersen
velopment manager for Bank of Nevada, and Ann Simmons Nicholson, president and founder of the Simmons Group, joined the board of directors of Communities in Schools of Nevada. Peter Petersen is an attorney specializing in personal injury litigation and affirmative immigration at De Castroverde Law Group. Mary Beth Hartleb, Tim Hunter, John Restrepo and Michael Wilkins joined the Neon petersen Museum’s board of trustees. Hartleb’s career has spanned numerous industries, including gaming, restaurant, association management telecommunications, retail, broadcasting, manufacturing, engineering, government and nonprofits. Hunter is lead trial counsel for Ray Lego & Associates as an employee of Travelers Insurance. Restrepo, principal at RCG Economics, directs his firm’s economic, real estate and financial consulting activities. Wilkins is CEO and member of the board of Marshall Retail Group. Tom Weniger is an Ascaya sales consultant. The Nevada National Security Site selected two senior principal scientists and one senior principal engineer to be recognized as “distinguished” in their elevated positions. Paul weniger Guss, formerly senior principal scientist, is now distinguished scientist, innovative technologies, Remote Sensing Laboratory. Ed Daykin, formerly senior principal scientist, is now distinguished scientist, diagnostic research and materials studies, Defense Experimentation and Stockpile Stewardship. Stuart Baker, formerly senior principal engineer, is now distinguished engineer, diagnostic instrumentation, DESS. Krista Gilbertson is a senior account executive with the Ferraro Group Public Relations & Public Affairs. The accounting firm of Stewart Archibald & Barney is combining with RubinBrown. Glenn Goodnough will continue in gilbertson his role as managing partner of the Las Vegas office. Daniel Holmes will serve as a partner and co-practice
leader for RubinBrown’s gaming practice, focusing on expansion in the Las Vegas market. Jessica Holmes will serve in RubinBrown’s business advisory services group as a manager with a focus on data analytics and consulting services for the western United States. Flor Bernal is president and chief financial officer of Back Bar USA. Former CEO Tim Haughinberry is the company’s creative executive officer. Jennifer Bradley’s JB Public Relations and Tyra BellHolland’s Ava Rose Agency are the agencies of record for Tivoli Village shopping center.
bernal
Spring Hills Home Care Services, a nurse registry, is open at 1700 W. Horizon Ridge Parkway, Suite 204, Henderson. Nosey Dogs Detection Services has been chosen as a winner of the 2017 American Small Business Championship hosted by SCORE, a network of volunteer, expert business mentors. American Small Business Champions receive a $1,000 Sam’s Club gift card, an all-expense-paid trip to a training and networking event, SCORE mentoring and publicity. The Clark County School District was recognized with the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report. The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting. CCSD has received this award for the past 30 years. World Investment Network acquired the 31,000-square-foot Mission Linen building in the Arts District with plans to redevelop the architectural landmark into a Class A creative office and entertainment space. The Nevada Department of Employment, Training and Rehabilitation and the Southern Nevada Health District developed a Nutrition Standards Policy for DETR’s Business Enterprise Program. BEN provides clients of DETR’s Bureau of Services to the Blind and Visually Impaired with training and on-the-job-experience managing businesses in public buildings. The policy establishes nutrition standards for beverages, meals and other menu items for consumers who use BEN-operated facilities and cafes.
SIOR
HIRE AN EXPERIENCE. MARKET KNOWLEDGE. ETHICS.
FOR YOUR OFFICE AND INDUSTRIAL NEEDS
The 28 Top Office and Industrial Brokers in Southern Nevada • Extensive Landlord and Tenant Representation Experience • www.sior.com
5
VEGAS INC
the interview
june 25-July 1
Send your business-related information to news@vegasinc.com
Q&A with megan ackaert
Bank exec: Hire good people and empower them Megan Ackaert recently moved from Seattle to Las Vegas to lead JPMorgan Chase’s middle-market banking and specialized industries business in Nevada. “As the local economy continues to grow and diversify, it’s an exciting time for the firm to have recently opened its first commercial banking office here,” she said. The bank has added two commercial bankers to the team and is looking to recruit additional talent. What does your group do within the company? We provide banking services to companies with more than $20 million in annual revenue. My team works with business owners and management teams to provide financial expertise and customized solutions that support their business objectives. This includes providing lines of credit for working-capital needs, equipment financing, acquisition financing, owner-occupied real estate lending, cash management and deposit services. We also work with companies to support their international and capital markets needs. What is your responsibility? My primary role is to lead the team Megan Ackaert has hit the ground running since moving to Las Vegas, meeting of commercial bankers to develop with community leaders and lawmakers to learn about the area and better underrelationships with the business com- stand her clients’ needs. (mikayla whitmore/Staff) munity. I recently joined the United What do you look forward to the ness from it. I don’t have the guts Way of Southern Nevada’s Women’s most about living and working to be an entrepreneur, but I enjoy Leadership Council, which has been in Las Vegas? learning how business owners got an amazing way to get to know the The people here have been so welstarted and where they want to go. philanthropic community in Las Vecoming and friendly. I’m looking In many cases, a business was born gas. JPMorgan Chase also has a long forward to making new friendships, when an individual received help history of working with Accion. They enjoying all of the outdoor activities from someone who took a chance on have been excellent partners to us, Las Vegas has to offer and figuring their idea. As a banker, I have the opand I am grateful for the work they out how to make an impact in my portunity to help companies realize do in financing small-business ownnew community. The sunshine is an their vision. ers’ dreams. I am also meeting with added bonus. community leaders and legislators to How do Seattle and Las Vegas learn about what is happening in Las What’s your favorite place to differ in the needs of commercial Vegas so I can better understand our have fun in Las Vegas? banking? clients’ environment. My husband and I have been tryThe biggest difference is the types ing as many restaurants as time and of industries in the two cities. Seattle Describe your management style. our stomachs allow. We love trying is both a manufacturing city and a If you hire the right team of people, new chefs and cuisines. I also enjoy technology hub. Las Vegas is hospiyou should empower them to do their the outdoors, so spending time on my tality-focused. Both cities are seeing jobs and only jump in when needed. bike and hiking are priorities. major growth, increased populations We are building a devoted team of and opportunities for expansion. The bankers in Las Vegas. They are proud What is your dream job outside optimism and excitement in Las Velocals with strong ties to the comof your current field? gas are contagious. munity. They are self-starters and I would love to go to culinary school. relationship builders, and have treMy grandmother emigrated from BelWhat has been your proudest mendous banking knowledge. All of gium and was a wonderful cook. She moment professionally? this allows me to support rather than made the most amazing croquettes The days where I can answer a ques“manage” them. and homemade soups from scratch. tion or solve a problem are the most I try to make dinner as often as posrewarding. We are in a competitive What is the best business advice sible using new recipes. I find cookservice business, and I never forget you’ve received? ing relaxing, and I enjoy sharing new that. My job is to be a financial partner Be fearless. I meet with business dishes with friends and family. I know to my clients, sharing their vision and owners for a living and have so much being a great chef is difficult, but I’d enthusiasm, and each day I get to do respect for someone with a great idea sure like to give it a try one day when I that makes me proud and really happy. who figures out how to build a busi-
have more time. If you could live anywhere else in the world, where would it be? My husband and I are avid international travelers. I have been to more than 30 countries. I think I would enjoy living in Singapore or Hong Kong — probably not forever, but for a few years just to enjoy the culture and food. Whom do you admire? One of the first commercial bankers I worked with in Seattle taught me the ropes, and I admire her intelligence and caring approach. She builds close relationships with her clients and cares so much about their success. She is passionate about her work but remembers to prioritize her family. She always chooses to do the right thing even when it isn’t easy. She also is an extremely hard worker but never lets the stress get to her, always maintaining a professional attitude. I often think of her when I am in a tough situation and try to conduct myself in a way that she would be proud of. What is your biggest pet peeve? When people are late and don’t seem apologetic about it. I understand that sometimes life gets in the way and tardiness happens, but send a text. If you could change one thing about yourself, what would that be? I really wish I was musically inclined. I cannot sing, play guitar or even keep a tune. I think this is where my love of live music comes from. I am so impressed by people who have those skills. I enjoy all kinds of music and can sit and get lost in a song for hours. What is something that people might not know about you? I am an avid reader of historical fiction. I particularly love reading about the 1400s and 1500s in England. The drama, changes and ideals of that time period are so fascinating to me.
6
VEGAS INC
get to know a local business
june 25-July 1
Send your business-related information to news@vegasinc.com
by the numbers
50.85 million
Number of U.S. Netflix subscribers, according to Leichtman Research estimates. That surpasses the number of cable subscriptions — 48.61 million — for the first time. However, 33.19 million people pay for satellite television, meaning Netflix has a long way to go to surpass all traditional TV subscriptions.
999,900
Maximum points that can be scored in “Ms. Pacman.” Microsoft and Maluuba — an artificial intelligence (AI) and deep learning company — developed an AI to achieve a perfect score in the 35-year-old game. The best score a human has ever achieved is 266,330, notched in 2015.
$310 Million
Amount Walmart is paying to acquire men’s online clothing retailer Bonobos. Walmart, in an attempt to battle Amazon, seems to have acquired Bonobos more for its e-commerce than its clothes, similar to the company’s purchase of Jet.com last year.
400
Number of hamburgers per hour Momentum Machines’ new autonomous machine can make. The robot grillmaster can cook patties, cut toppings and stack everything together on a toasted bun. Every burger the machine makes is fully customized to a customer’s exact specifications.
10 percent
Share of electricity in the U.S. generated by wind and solar in March, a record according to the Energy Information Administration.
$100 million
Value of a deal between Time Warner and Snap Inc. The deal involves multiple shows being made by Time Warner specifically for Snapchat. According to Time Warner, they will make scripted dramas and comedies for the popular social media platform.
‘I get to be the small-town doctor I grew up knowing’ Describe your practice.
Parker Medical offers traditional internal medicine and pediatric services, integrated with alternative medical approaches and personalized to meet your needs in a concierge setting. To invest more in your health, patients become members of the practice through a voluntary subscription. A subscription medical practice is a type of medical practice that limits the number of patients the practice treats. This allows our team to be more personally available to offer additional services and time. When did you know you wanted to be a doctor?
I did not come from a family of doctors, but my interest in medicine started at a young age. I was diagnosed with a rare medical condition that required a lot of medical care and surgeries. Throughout the course of several years and hospitalizations, I really connected with my medical team and wanting to be a part of that to help others who were as helpless as I was at the time. What is the most important part of your job?
I am consistently looking for ways to not only improve my patients’ health but also their experience. A lot of my patients go home to brokenness, they struggle with health issues, or battle conditions they have been unable to fix. Life has sometimes not been easy or kind to them. Many of my patients have been promised things that have never come or been given situations they didn’t ask for. They are sometimes worn, weathered, and they don’t trust well. I think my favorite part of my job is during a patient’s first appointment, when the first thing I ask them is to tell me their goals. We sometimes laugh and we sometimes cry. I tell them I am going to be there for them as long as I can. I want their time spent at Parker Medical to be memorable, where they feel valued from the beginning. What brought you to Las Vegas?
During my residency, I had the ability to produce and broadcast a medical news show called “In the Clinic” that aired on the CW. It provided families with a small dose of information and an opportunity for the audience to ask questions relevant to their health. Working with that network gave me the ability to combine my compassion for the communication arts with my love for medicine. The city has been called the “Wild West” of medicine. What challenges come with that?
There are the many constraints placed on doctors that many people do not realize. Insurance reimbursement for providers in Nevada is one of lowest in the United States. This translates into the physical and emotional work of trying to complete a visit every 10 minutes while repeatedly refreshing a smile before bursting into another room to greet another patient needing help. This would begin to make anyone feel like a machine. Do you think the role of a doctor has changed over the years?
I am often reminded that the days of Norman Rockwell
Dr. Ryon Parker owns Parker Medical, which delivers health care service in a concierge setting. He says it allows him to develop a stronger relationship with his patients. (Christopher DeVargas/staff)
Parker Medical Address: 5380 S. Rainbow Blvd., Suite 228, Las Vegas, NV 89118 Phone: 702-778-2204 Email: dr.parker@parkermedical.org Website: parkermedical.org Hours of operation: 8:30 a.m.-5 p.m. Monday through Thursday; 8:30 a.m.-noon Friday; Saturday and Sunday by appointment only Owned/operated by: Dr. Ryon Parker In business since: 2017
or “Marcus Welby, M.D.,” are gone, but that is how I see my role. As a concierge doctor, I get to be the “small-town doctor” I grew up knowing — the doctor who made house calls, was available anytime you needed, or knew you and your family’s complete health profile. How might an overhaul of health care at the federal level affect what you do?
The United States spent approximately $8,895 per person for health care in 2016, which is higher than any other developed country but is among the worst health outcomes. If we want to decrease the cost of American health care, it will be imperative to make efforts to retain primary care physicians, decrease administrative costs and overhead spending, and put back some autonomy in physicians’ hands so customer satisfaction does not override the importance of good patient care. In addition, health care companies and patients need to recognize that those of us who chose to study medicine are not merely well-trained machines but humans who strive to deliver care with compassion, empathy and expertise.
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 Mick Akers’ lasvegassun.com story “UNLV officials say parking is adequate, but students might have to walk farther after finding a space”: In what other business model do the employees (faculty and staff) have better parking than the customers (students)? What if you went to a grocery store and you had to pay to park way in the back of the parking lot because all of the spots near the store were reserved for the store employees? — DeDondeEs On Thomas Moore’s lasvegssun. com story “Bet your bottom dollar chairs matter in casinos”: I agree chairs that are interactive make a difference, even with those playing blackjack and such. But for slot machines I don’t see a chair as being the reason we stay at a game. The volume has to work, a bonus feature here and there and a drink coming regularly is why we stay. — Missy Johnson On Thomas Moore’s lasvegassun. com story “PT’s Pub owner buying Stratosphere, other casinos”: Management is taking a company with a very good balance sheet and now loading it up with $750 million-plus in additional debt to buy four mediocre gaming properties. — Tuco Ramirez
7
VEGAS INC june 25-July 1
Tax credit could move more families out of poverty
A
guest column: makes it even harder for them to pay their t United Way of Southern Bob Morgan bills and build the financial stability they Nevada, we fight for women need to succeed. and men who, despite their Our nation’s leaders can solve this hard work, can barely problem. make ends meet. Many find it nearly Bipartisan proposals are pending in Congress to improve impossible to cover essentials such as food, utility bills, and the tax credit for workers not raising children by lowering transportation to and from work. the eligibility age to 21 and increasing the maximum credit One way we help struggling workers in our community amount. Expanding the credit to include workers not is by connecting them with the federal Earned Income raising children would give 107,000 more people in Nevada Tax Credit. It’s one of our most effective tools to keep the financial stability to cover the basics, build a better people working and help them get a fair shot at a decent future for themselves and their loved ones, and contribute life. Through the leadership of the Nevada Free Taxes more to our local economy. Studies show that the tax credit Coalition and its partners, just last year, 22,650 individuals helps working people buy necessities like food and gas, and families earned the tax credit in Nevada, resulting in which in turn helps our economy grow. $25 million coming back to our community. A stronger tax credit would reward the hard work of The tax credit is one of the most effective, bipartisan people across Nevada — young and old, male and female, poverty mitigation programs in U.S. history. Yet it’s from every background — who do essential, low-wage jobs unavailable to many struggling workers. The program in every sector to keep Nevada running. largely or entirely shuts out millions of working Americans So, as Sens. Dean Heller and Catherine Cortez Masto who are not raising children. For example, noncustodial and Reps. Ruben Kihuen, Dina Titus and Jacky Rosen look parents — those who do not have physical and/or legal for ways to help hardworking Americans in the next year, custody by court order — who want to provide more United Way encourages them to help improve our local support to their children receive little from the credit, economy by supporting the expansion of the tax credit for and young childless workers aged 21-24 — many of whom workers not raising children. Nevada’s workers and working are struggling to get a foothold in the workforce — are people across the country are counting on them. ineligible. Bob Morgan is president and CEO of United Way of These workers represent the only group in our country Southern Nevada. that is taxed into or deeper into poverty. This situation
Smith’s world
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
8
VEGAS INC june 25-July 1
your Business-to-business news Send your business-related information to news@vegasinc.com
Stevens relishes blank canvas in devising downtown resort By THOMAS MOORE STAFF WRITER
Derek Stevens is doing something rare in Southern Nevada’s post-recession economy. While owners of other gaming companies are building additions to their properties or buying existing resorts, Stevens is preparing to tear down older venues and construct a new resort in their place. Last year, Stevens bought La Bayou, Mermaids and Topstevens less Girls of Glitter Gulch, all properties on Fremont Street, from Granite Gaming. Now, he’s preparing to raze them, along with the Las Vegas Club, which he bought in 2015. Stevens hasn’t revealed details, but his past investments in downtown Las Vegas demonstrate a confidence in the area that few people have had.
Stevens talked to VEGAS INC about gaming downtown and his plans. Here are excerpts: What role does the appeal of old Vegas play for your properties and downtown? This is where Vegas started. Our first investment in downtown was the Golden Gate, where the address is 1 Fremont St. It’s the oldest building in Las Vegas. We wanted to bring some modern amenities to give options for the customers but also protect the historic value of the Golden Gate. When we rebooted Fitzgeralds into The D, we protected some of the things that made downtown a special place. There’s an element where people want to see where Las Vegas started. As you work on the new project, what lessons did you learn from those previous openings? At the Golden Gate and at Fitzgeralds, we did the renovations and kept casinos open while we did them. I
don’t think I would ever do that again. Simply trying to keep a casino open while doing a renovation is not easy, between the construction and the noise and disruption and how it affects the customer experience. Why are you building from the ground up rather than renovating? We get to do a project without the operational difficulties of having an open casino. But it’s not the primary reason. This city block from Fremont on the south to Ogden on the north to Main on the west and First on the east is one of the most spectacular city blocks in the history of Las Vegas. So a project coming from a clean slate made a lot more sense. Talk about the new development on Fremont East. It’s huge. At first, people wondered how is Fremont Street going to interact with the Fremont Street Experi-
HIRE AN
SIOR
ence. From my experience, it worked out great. I really respect what Tony (Hsieh) and Fred (Mossler) did with the Downtown Project. From our business perspective, it had a positive impact. Our customers have (not far) to go from our casinos to check out the great bars and restaurants. It’s a good relationship both ways. Those businesses have to love that there are 6,000 hotel rooms just down the street. Can you tell us what the general feel of your new property might be like? We’re in the middle of the design process right now. We are simply working through the design phase, and it continues to evolve. It’s not like we’re holding back on the name or the design. But I can tell you a little more about what is going on with (neon sign) Vegas Vickie — we put it in a very Las Vegas place, in rehab. When it’s ready, we’ll find a place for it. It’s going to have a very long life.
FOR YOUR OFFICE AND INDUSTRIAL NEEDS
EXPERIENCE. MARKET KNOWLEDGE. ETHICS. The 28 Top Office and Industrial Brokers in Southern Nevada • Extensive Landlord and Tenant Representation Experience • www.sior.com
9
VEGAS INC
your Business-to-business news
june 25-July 1
Send your business-related information to news@vegasinc.com
Autonomous vehicles in Nevada roll forward By MICK AKERS Staff Writer
Nevada displayed its dedication to refining autonomous vehicles with the passage and signing of Assembly Bill 69, industry officials said. AB69 strengthens the state’s efforts in policy, as well as the research and development of fully autonomous vehicles. Gov. Brian Sandoval signed the bill into law June 16, after it passed the Legislature with industry support from various automotive groups including General Motors, the Self-Driving Coalition — including Waymo, Uber, Lyft, Ford and Volvo — and the Alliance of Navya and Keolis, in partnership with the city of Las Vegas, launched the first Automobile Manufacturers. completely autonomous, fully electric shuttle in January. (L.E. baskow/staff) “AB69 is an important step forward and testing and operations of drivervehicles while also supporting innovafor self-driving in Nevada,” said David assistive platooning technologies. tion and promoting competition.” Strickland, general counsel for the SelfSandoval said that AB69 will help The legislation allows for testing and Driving Coalition for Safer Streets. “We ensure that Nevada is the leader in the operations of fully autonomous vehiapplaud Gov. Sandoval and state lawfuture of fully autonomous vehicles. cles; simplifies and clarifies the legal aumakers for enacting this crucial legisla“With safety at the forefront, we have thority for entities testing or operating tion, which will update existing statutes created the opportunity for innovative them in Nevada; authorizes commerto permit the testing and commercial companies to not only test and operate cial use of fully autonomous vehicles public deployment of fully self-driving
their autonomous vehicles in our state, but also to conduct the research and development, in partnership with our universities, that will move driverless technology from exciting concept to reality,” Sandoval said. Testing for the first completely autonomous, fully electric shuttle on a public roadway in the U.S. took place in downtown Las Vegas in January. Arma, the driverless vehicle developed by the Paris-based company Navya, made trips down Fremont Street for just over a week. Steve Hill, director of the Governor’s Office of Economic Development, said the signing of AB69 showed the governor’s push toward tech development. “In working closely with industry, this legislation was crafted to ensure safety is and would remain the paramount focus in fostering the driverless industry.” Hill said. “Through that, Nevada is quite simply the place to be for testing and deploying this exciting, safety-enhancing technology.”
Building Community. The philosophy of Gardner Company is to build great relationships. We achieve this by partnering with people and companies with the highest of standards to benefit our clients, our communities, and the environment. Our ability to deliver quality projects is the key reason for our success. This is done by providing professional service through every aspect of the development process. That’s office, retail, industrial and medical building development done right for more than 38 years. For more information about our ongoing developments, please visit GardnerCompany.net.
HENDERSON OFFICE 2600 Paseo Verde Parkway, Suite 150 Henderson, NV 89074
OFFICES IN UTAH, IDAHO & NEVADA
Room & Golf or Spa
Beat the Heat Sneak Out to Mesquite! 877-438-2929
CasaBlancaResort.com
79
$
From
One Hour North on I-15 Fine Dining • Casual Dining Slot Machines • Table Games Spa & Salon • Championship Golf Live Entertainment • Resort Pool
11
VEGAS INC
your Business-to-business news
june 25-July 1
Send your business-related information to news@vegasinc.com
data, from page 1
Data science can improve client interactions different industries are exploring how to better use data to increase performance, revenue and customer satisfaction. Oftentimes, the issues are less technical and more political. It’s one thing to crunch the numbers. It’s another to get management to act on them. This is especially true when data contradict operating procedures entrenched as industry standards. “If a team of analysts was building a casino on its own, it would look a lot different,” Cho said. The gaming industry has collected information on players for decades, Cho noted. But he said there is more potential to apply the data to make more specific and targeted decisions, from daily operations on casino floors to bigger-picture directions chosen by chief financial officers. It’s not necessarily about collecting more data, he said. It’s about how you use the data you have. “The key word is efficiency,” he said. Machine learning is an important tool. It’s a kind of artificial intelligence enabling computers to learn without being specifically programmed. The idea is that when these programs are exposed to new data, they can change spontaneously. For instance, as data is collected on players, the computer becomes better and better at predicting their behavior. Machine learning also could be used to better understand specific customer demographics or analyze how players are using slot machines. Armed with such data, casino companies could anticipate what these or similar guests might play in the future. “This is very similar to what Netflix does when they recommend a movie for you to watch on Saturday,” said Ralph Thomas, the chief data scientist at VizExplorer, a company that helps gaming companies work to boost their efficiency and productivity with the use of big data. With analytics for slot machines, table games, marketing and player development, hotel management can make more intelligent operational decisions, Thomas said. “We’re starting to use (data) science to determine how we can improve our interactions with customers,” he said, adding that such information can be used to optimally target offers to players in the hope they’ll spend more. The company, which lists Boyd Gaming as a client, uses machine
One of the big breakthroughs in data collection came in the late-’90s when Caesars Entertainment created its Total Rewards loyalty program. Until then, companies were not taking full advantage of what they knew about their customer base — where they liked to eat, what they liked to do.
what is big data? According to Forbes’ “jargon-free” explainer: “It all starts with the exponential explosion in the amount of data we have generated since the dawn of the digital age.” Imagine vast sets of such data. In order to analyze them for associations, patterns and trends, you need big computing power. “Moneyball,” a 2003 book by Michael Lewis that was adapted into a critically acclaimed 2011 film, focused on how a MLB team used big data to analyze player performance and behavior to become much more competitive.
learning to delve into slot behavior. “There are all sorts of ways slot machines can behave over time,” Thomas said. Analysts for VizExplorer also model aggregated data from ATMs (minus the personal information) to give clients a sense of how gaming on a casino floor is correlated to ATM use. The tricky part, Thomas and others said, can be getting management to use the data. “You still have operators that only want to see the daily operating report,” Thomas said. “They don’t want to see anything else.” He added that this plays out in many industries. “It’s a culture change.” Like other industries that require customer information, the gaming industry has a formalized way of collecting data. Alex Bumazhny, an industry analyst with Fitch Ratings, said one of the big breakthroughs in data collection came in the late-’90s, when Caesars Entertainment created its Total Rewards loyalty program. Many gaming giants have since followed Caesars’ lead by launching their own loyalty
programs. Until then, companies were not taking full advantage of what they knew about their customer base — where they liked to eat, what they liked to do. The Total Rewards program allows customers to quickly collect points that they can then spend on other amenities. This keeps guests in the casino and leaves the property’s leadership with personalized information to aid in making decisions about offerings down the road. At the time it founded the program, Bumazhy said Caesars’ portfolio of assets in Las Vegas was older than those controlled by other gaming companies. “They were trying to do more with less.” he said. Total Rewards was so successful that creditors saw it as Caesars’ most valuable asset during its bankruptcy. Creditors, who wanted a slice of the program, said the data was worth $1 billion. Not all gaming companies have turned to big data, and even fewer use data to make operational decisions. “When you do data mining, you put a lot of old operating models on trial,”
said Tony Lucas, who studies data as a professor at UNLV’s Harrah College of Hotel Administration. That can make management wary. “The challenge of big data is actually affecting change,” he said. Lucas said that once you start digging into free-play programs, the data often show that they are not effective, given the large amount of marketing dollars they suck up. The same is true with lottery promotions, he said. But because they are ingrained in the system and because companies have sunk so much into free play, management is likely to push back on proposals to eliminate it. “It’s political, uncomfortable and difficult to take on that existing operating theory,” Lucas said. Cho said there often is a split between operations staff and analysts. “Getting those two camps to work together is not always easy,” he said. But the gap is getting smaller as more companies consider data-based decision-making. Would the “Moneyball” casino look all that different? Maybe not. Cho said a lot of people toss around the buzzword “big data” with the misperception that it’s going to re-create the business model. In many cases, analysts work to refine existing processes — to make them more efficient. “Good analytics happens a little behind the scenes and under the hood,” Cho said.
12
VEGAS INC june 25-July 1
FIND YOUR PLACE.
Calendar of events MONDAY, JUNE 26 2017 Las Vegas Forum: The Future of food Time: 5-10:30 p.m. Cost: $25-$50 Location: UNLV, 4505 S. Maryland Parkway, Las Vegas Information: Email info@fsnchina.org Speakers from academia and industry will discuss trends of the food industry and career development for young professionals.
TUESDAY, JUNE 27 Las Vegas Metro Chamber of Commerce Transportation and Infrastructure Policy Committee meeting Time: 9:30-10:30 a.m. Cost: Free (open to Metro Chamber members and their employees; RSVP requested) Location: Metro Chamber of Commerce, 575 Symphony Park Ave., Suite 100, Las Vegas Information: Contact Joi Holliday at 702-586-3812 or jholliday@lvchamber.com Noah Hoefs, construction manager for Hyperloop One, will offer updates on the ways Hyperloop is preparing to move people and things at airline speed for the price of bus tickets.
COCKTAILS. DINING. JACKPOTS.
Using Your Reputation & Social Media to Boost Business Time: 6-7 p.m. Cost: $40 for members of the National Association of Women Business Owners of Southern Nevada and $50 for nonmembers with early registration; $55 at the door Location: Cili Restaurant at the Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Contact Sandy Roche at 702-524-6208 or president@ nawbosnv.org, or visit
nawbo.org/southern-nevada Brian Williams, president of Five Star Economy, will share how to capitalize on your reputation. Southern Nevada Certified Commercial Investment Member chapter luncheon Time: 11:30 a.m.-1:30 p.m. Cost: $60 Location: Palms conference center second-floor ballroom, 4321 W. Flamingo Road, Las Vegas Information: Call 702-798-5156, email snccim@amnevada.com or visit snccim.org John Restrepo, principal at RCG Economics, will present “Recovery or Bubbly? A midyear update on the Las Vegas economy.�
THURSDAY, JUNE 29 Las Vegas Hospitality Association summer kickoff mixer Time: 5:45-8 p.m. Cost: $45 for members and $60 for nonmembers with registration by June 26; $55 for members and $70 thereafter Location: Brooklyn Bowl, 3545 Las Vegas Blvd. South, Las Vegas Information: Visit mylvha.org Knock down some pins and pints, play backyard party games and take in a performance by Cirque du Soleil.
FRIDAY, JUNE 30 Venture Friday Time: 5:30-7:30 p.m. Cost: Free Location: RedFlint Experience Center, 300 S. Fourth St., Suite 180, Las Vegas Information: Email info@rebelventurefund.com or redflint@phoenix. edu, or visit rebelventurefund.com or phoenix.edu/redflint.html Meet and network with experienced entrepreneurs, angels, investors and members of the Las Vegas community.
Conventions Amazing Las Vegas Comic Con // Where: Las Vegas Convention Center // When: June 23-25 // Expected attendance: 15,000
215 & FLAMINGO
SGBARLV Must be 21. Management reserves all rights.
Download Sizzle from the app store for an exclusive SG Bar experience >
International Esthetics, Cosmetics & Spa Conference international beauty show // Where: Las Vegas Convention Center // When: June 24-26 // Expected attendance: 25,000 Institute of Food Technologists annual meeting and food expo // Where: Sands Expo and Convention Center // When: June 25-28 // Expected attendance: 22,000 Teams Make Dreams // Where: Alexis Park // When: June 30-July 4 // Expected attendance: 500
your Business-to-business news
june 25-July 1
C h r is t o p h e r D e v a r g a s / s t a ff
M o n a S h i e l d P a y n e / sp e c i a l t o t h e su n d a y
Send your business-related information to news@vegasinc.com
13
VEGAS INC
Danielle Bisterfeldt
Eamon M. Springall
Where were you when you received your 40 Under 40 award? Associate general manager of Fashion Show and director of marketing for Summerlin.
Where were you when you received your 40 Under 40 award? In 2007,
Vice President of Marketing - Summerlin The Howard Hughes Corp.
Co-founder and president of Stitched Lifestyle COO at Orgill/Singer & Associates Inc.
Where are you now? Vice president of marketing for Summerlin and Downtown Summerlin, responsible for all branding, PR and public special events for the Howard Hughes Corp. in Las Vegas. Biggest accomplishment since you were awarded? Forming an amazing marketing team at Summerlin. We continue to drive home sales for our builders, achieving the No. 5 spot on the list of the nation’s top-selling master-planned communities in 2016, according to national real estate consultant RCLCO. And Downtown Summerlin’s 2016 holiday event was attended by more than 5,000 people on the first night alone. We reimagined the destination’s nightly holiday parade that drew tens of thousands throughout the season. What do you want to accomplish? The importance of work-life balance is something I strive for on behalf of both my team as well as for my own personal benefit. I am also committed to the ongoing delivery of amazing, unique and memorable experiences to our community, given that Summerlin is home to nearly 100,000 residents and Downtown Summerlin is visited by more than a million people each month. The value of the Summerlin brand is not lost on me. It has been carefully cultivated and nurtured over nearly three decades, and I am highly cognizant of my responsibility and obligation to continue to ensure the brand remains evocative of the excellence and quality of the premier community it represents.
I was 27. I sold a successful dot-com business in the late ’90s, then focused my attention on my mentor Bob Orgill’s insurance brokerage, Orgill Singer Insurance, where I had worked every year since I was 10. I got my insurance licenses, and within a few years became Orgill Singer’s top broker. I became the founding chairman of the Vegas Young Professionals, then started a professional networking company called the Executive Lounge.
ALUMNI
Best advice? Don’t let others compromise your standards. It’s your name as-
sociated with the end result. As leaders, remember to be mindful and appreciative of the efforts of those around you. It’s the people in our lives that make it so fulfilling, and oftentimes we lose sight of the struggles they face in their personal lives every day.
Where are you now? I became an owner of Orgill Singer, which is now one of the largest insurance brokerages in Nevada. My partner Telly Eliades and I started a venture capital firm and invested in several projects, from health food cafés to restaurants, bars and technology. Most notably, in 2010 we founded Stitched, the men’s haberdashery at the Cosmopolitan. This year, we expanded Stitched to Miami and D.C., and have exciting opportunities in Manhattan, Southern California and Asia. I also founded a nonprofit club baseball organization with six teams that travel the country, a number of which are ranked top 10 nationally. I serve on the board of the Nevada Childhood Cancer foundation.
Biggest accomplishment since you were awarded? The opportunity to give back. We support more than 50 nonprofit and local communitybased organizations every year — more than $100,000 annually. What do you want to accomplish? Continue to grow my current portfolio of businesses so my children have a place to hone their creative talents, learn business operations and carry on a legacy of success and philanthropy. Best advice? Learn as much as you can. Don’t be scared of hard work; make it
scared of you. Always strive to give more than you take, because success without giving back is failure. The real money in Vegas is made before 8 a.m. and after 5 p.m. In life and in business, choose your love and love your choice.
S P O N S O R E D
B Y
For 17 years, Greenspun Media Group’s 40 Under 40 awards have honored the best and brightest in the valley. If you’re an alum interested in participating in related features and events (or would like to update your contact information), email Group Publisher Gordon Prouty at gordon.prouty@gmgvegas.com.
14
VEGAS INC june 25-July 1
the data Send your business-related information to news@vegasinc.com
Records and Transactions BANKRUPTCIES Chapter 11 JJS in the Desert One dba Jimmy John’s Sandwich Shop 2941 Harbor Cove Drive Las Vegas, NV 89128 Attorney: Bryan Viellion at bviellion@kcnvlaw.com
BID OPPORTUNITIES June 26 2:15 p.m. Las Vegas Boulevard bollard installation — Spring Mountain Road to 800 feet south of Harmon Avenue Clark County, 604522 Tom Boldt at tboldt@clarkcountynv.gov
June 29 2:15 p.m. Russell campus, building and fire department: office and tenant improvements Clark County, 604504 Sandy Moody-Upton at scm@ clarkcountynv.gov
June 30 3 p.m. Annual requirements contract for janitorial supplies Clark County, 604497 Deon Ford at deonf@clarkcountynv.gov Midnight Annual requirements contract for janitorial services at Hollywood Aquatics Center Clark County, 604474 Deon Ford at deonf@clarkcountynv.gov
BUSINESS LICENSES Tamara Bradley License type: Real estate sales Address: 7181 N. Hualapai Way, Suite 135, Las Vegas Owner: Tamara Bradley Telecode License type: General retail sales Address: Did not disclose, Las Vegas Owner: Paden Weber The Cookie Bar License type: Interjurisdictional business Address: 6360 Mcleod Drive, Suite 15, Las Vegas Owner: Jennifer Anne Baumgartner The Dapper Dog Collars License type: Miscellaneous sales/ services Address: 2255 Valdina St., Henderson Owner: Nicole Hartig
The Law Office of Daniel C. Allen License type: Professional services Address: 8430 W. Lake Mead Blvd., Suite 100, Las Vegas Owner: Daniel Allen The Law Office of Stephen Reid License type: Professional services Address: 740 N. Eastern Ave., Suite 110, Las Vegas Owner: Reid Enterprises The Picture People License type: Photography studio Address: 1300 W. Sunset Road, Suite 2109, Henderson Owner: TPP Operating The Purple Monkey License type: General retail sales Address: 11 S. Water St., Suite D, Las Vegas Owner: Treasures Galore The Soggy Dog License type: Pet services Address: 1450 W. Horizon Ridge Parkway, Suite C202, Henderson Owner: Dixie Dog Services The Water Bottle NV License type: General retail sales Address: 4401 N. Rainbow Blvd., Las Vegas Owner: Scott Silver and J. Dapper Thompson Career Solutions License type: Drugless practitioner Address: 117 Fox Crossing Ave., North Las Vegas Owner: Thompson Career & Life Coaching Thoreact License type: Management or consulting service Address: 3455 Cliff Shadows Parkway, Suite 290, Las Vegas Owner: Camille Chidiac Tiffany Carlotti License type: Real estate sales Address: 10220 W. Charleston Blvd., Suite 3, Las Vegas Owner: Tiffany Carlotti Tim Low License type: Management or consulting service Address: 1717 S. Decatur Blvd., Suite F06, Las Vegas Owner: Tim Low Toca Events License type: General services (counter/office) Address: 5550 Painted Mirage Road, Suite 320, Las Vegas Owner: Toca Events Tony May License type: Professional services Address: 1850 E. Sahara Ave., Suite 206, Las Vegas Owner: Tony May
Tow Pros License type: Automobile towing service Address: 5495 Tolentino Drive, Las Vegas Owner: The Little Guys Tutu Mafia License type: Employment agency Address: 3400 W. Desert Inn Road, Suite 13, Las Vegas Owner: Tutu Mafia
Vegas Site Utilities License type: Contractor Address: 1489 W. Warm Springs Road, Henderson Owner: Vegas Site Utilities VegasAnime License type: General retail sales Address: 1717 S. Decatur Blvd., Suite G26, Las Vegas Owner: Gouki.com LLC
Two Bald Brothers License type: Restaurant Address: 616 E. Carson Ave., Suite 140, Las Vegas Owner: Two Bald Brothers
Volo Veho License type: General retail sales Address: Did not disclose, Las Vegas Owner: Volo Veho Meus Duo Circuiti Semper Et Ubique
Umlee License type: Miscellaneous sales/ services Address: 2567 Golden Bay Court, Henderson Owner: Autoosa Kojoori
Wilkerson Real Estate License type: Real estate sales Address: 10161 Park Run Drive, Suite 150, Las Vegas Owner: Chas Wilkerson
United Barricade License type: Miscellaneous sales/ services Address: 3140 N. Polaris Ave., Suite 8, Las Vegas Owner: United Barricade
Woof Gang Bakery License type: General retail sales Address: 7080 N. Durango Drive, Suite 140, Las Vegas Owner: Woof Gang Bakery & Grooming Las Vegas
Unlimited Wireless License type: Miscellaneous sales/ service Address: 3216 Civic Center Drive, North Las Vegas Owner: Unlimited Wireless
WordShirtShop License type: General retail sales Address: Did not disclose, Las Vegas Owner: Julie and Craig Inglish
Urnsplus.com License type: General retail sales Address: Did not disclose, Las Vegas Owner: MM Commerce USMG License type: Short-term residential rental/property management Address: 3736 Dorrington Drive, Las Vegas Owner: Suresh Gandhi USMG License type: Short-term residential rental/property management Address: 8876 Fort Crestwood Drive, Las Vegas Owner: Did not disclose
Wyatt License type: Business space rent or lease Address: 6130 Elton Ave., Las Vegas Owner: William Jackson Xavier Gonzales, Attorney at Law License type: Professional services Address: 8440 W. Lake Mead Blvd., Suite 201, Las Vegas Owner: Xavier Gonzales Xiaoyan Sisk License type: Independent massage therapist Address: 1690 W. Sunset Road, Suite 102, Henderson Owner: Xiaoyan Sisk
A Better Clean License type: Property maintenance Address: 3651 S. Lindell Road, Suite D410, Las Vegas Owner: A Better Clean Absolute Perfection Handyman Services License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Ali Panahi Advanced Manual Therapy Institute License type: Professional services — medical Address: 8988 W. Cheyenne Ave., Las Vegas Owner: Advanced Manual Therapy Institute I Affordable Insurance License type: Insurance agency Address: 3970 N. Tenaya Way, Suite 110, Las Vegas Owner: NMSW Inc. Air Works Cooling & Heating License type: Contractor Address: 6134 Theatrical Road, North Las Vegas Owner: Air Works Cooling & Heating Akata Construction License type: Contractor Address: 3575 W. Post Road, Las Vegas Owner: Did not disclose Akata Construction License type: Contractor Address: 3575 W. Post Road, Las Vegas Owner: Gladys Spencer All Music Supply License type: Musical instrument sales Address: 1489 W. Warm Springs Road, Suite 110, Henderson Owner: All Music Supply All Star Patios License type: Contractor Address: 108 Honey Locust Drive, North Las Vegas Owner: All Star Patios
Vasek Law License type: Law firm or law office Address: 170 S. Green Valley Parkway, Suites 300-311, Henderson Owner: Vasek Law
Yeshann Getaway License type: Short-term residential rental/property management Address: 9364 W. Gilmore Ave., Las Vegas Owner: Clarinda Tagapan
Vegas 99 Realty License type: Real estate sales Address: 500 N. Rainbow Blvd., Suite 300, Las Vegas Owner: Forever 99 Realty
Zebranda License type: General retail sales Address: 8670 W. Cheyenne Ave., Suite 120, Las Vegas Owner: Zebranda
Amazing Perfumes LV License type: General retail sales Address: 2000 S. Las Vegas Blvd., Suite D03, Las Vegas Owner: Joitzivan
Vegas Site Utilities License type: Contractor Address: 4280 W. Reno Ave. suite, Suite 110, Las Vegas Owner: Did not disclose
Zucker & Associates License type: Professional services Address: 9510 W. Sahara Ave., Suite 110, Las Vegas Owner: Marc and Irene Zucker
Ana’s Services License type: Sales/service Address: 3455 E. Lake Mead Blvd., Suite 2, North Las Vegas Owner: Oscar Galindo-Benitez
Alpha II License type: Real estate sales Address: 500 N. Rainbow Blvd., Suite 300, Las Vegas Owner: Cristine Bullard
15
VEGAS INC
the data
june 25-July 1
Send your business-related information to news@vegasinc.com
Records and Transactions Anita Werth License type: Real estate sales Address: 10220 W. Charleston Blvd., Suite 3, Las Vegas Owner: Anita Werth
Chick-Fil-A License type: Restaurant Address: 2480 S. Rancho Drive, Las Vegas Owner: Dutch Rose
Anthem Handyman License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Eric Judkins
City Lites Realty License type: Real estate sales Address: 7465 W. Lake Mead Blvd., Suite 100, Las Vegas Owner: Marketing Services
As You Wish Catering License type: Catering with alcohol Address: 4125 W. Charleston Blvd., Las Vegas Owner: KH Productions Barbara Kay Snyder License type: Real estate sales Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: Barbara Snyder Biss License type: Manufacturing, light assembly and fabrication Address: Did not disclose, Las Vegas Owner: Bisser Tzekov Boomers Estate Liquidation License type: Miscellaneous sales/ services Address: 4301 E. Harmon Ave., Las Vegas Owner: Boomers Estate Liquidation BRG Consulting License type: Professional services Address: Did not disclose, Las Vegas Owner: Brad Geinzer C. Timothy Nolte, CPA License type: Professional services Address: 7331 W. Charleston Blvd., Suite 130, Las Vegas Owner: Charles Nolte Candidate Crate License type: Employment agency Address: Did not disclose, Las Vegas Owner: Candidate Crate Carole Fink License type: Real estate sales Address: 8290 W. Sahara Ave., Suite 100, Las Vegas Owner: Carole Fink Castillo Group License type: Business support service Address: 1501 S. Maryland Parkway, Las Vegas Owner: Novotec Cecil Parker License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Cecil Parker
Clean Air 2 U License type: Property maintenance Address: 1530 Turf Drive, Henderson Owner: Clean Air 2 U Enterprises Cover Girls License type: Furniture upholstery Address: 10895 S. Eastern Ave., Suite 120, Henderson Owner: Mom’s Horses Creative Fit License type: Professional services — land development Address: 953 Rock Ledge Court, Henderson Owner: Creative Fit Creative Wellness License type: Independent massage therapist Address: 4760 S. Pecos Road, Suite 208, Las Vegas Owner: Brooke Schupbach Dennis Wiley License type: Real estate sales Address: 10100 W. Charleston Blvd., Suite 160, Las Vegas Owner: Dennis Wile Desert Auto Body License type: Automotive parts/ service Address: 2409 E. Gowan Road, North Las Vegas Owner: Desert Auto Body DFL International License type: Management/marketing/consulting Address: 2129 Kelsey Creek Court, Henderson Owner: Theodore Renteria
Dream Home License type: Handyman/maintenance services Address: 625 Loma Bella Lane, North Las Vegas Owner: Warehouse Mattress Plus Furniture Dugger Music Services License type: Instruction services Address: 3071 Hebard Drive, Las Vegas Owner: Kelly Dugger Eddie Taylor License type: Management or consulting service Address: Did not disclose, Las Vegas Owner: Eddie Taylor Educate 2 Elevate License type: Nonprofit community service Address: Did not disclose, Las Vegas Owner: Daniel Kline, Bo and Grace Njoroge, Tammy and Donald Grinnell, and Brian Heist El Buen Gusto License type: Restaurant Address: 1593 N. Eastern Ave., Las Vegas Owner: Gricelda Cifuentes El Concilio Hispano Media Group License type: Professional promoter Address: 8797 Tom Noon Ave., Suite 103, Las Vegas Owner: El Concilio Hispano Media Group Estate Sales R Us License type: Business consultant Address: 8400 Romantic Sunset Street, Las Vegas Owner: Michael Murphy Events With a Twist License type: Catering with alcohol Address: 475 S. Grand Central Parkway, Las Vegas Owner: Jennifer Colacion
Diamond Catering License type: Catering with alcohol Address: 320 S. Decatur Blvd., Las Vegas Owner: Maurice Jung
Exit Realty Number One License type: Real estate sales Address: 316 S. Jones Blvd., Las Vegas Owner: Brenda Chavez, Ronette Yardley, David Allen, April Wright, Valens LLC and Kenneth Lynes
DMV Services & More License type: Miscellaneous sales/ service Address: 2668 Las Vegas Blvd. North, Suite 104, North Las Vegas Owner: Georgana Cepeda
Fabiola Mojica Associates License type: Business support service Address: Did not disclose, Las Vegas Owner: Fabiola Mojica
Dotty’s #46 License type: Full liquor off-sale Address: 2501 E. Lake Mead Blvd., North Las Vegas Owner: Nevada Restaurant Services
Facetec License type: General services (counter/office) Address: 1707 Village Center Circle, Suite 250, Las Vegas Owner: Facetec
Faithful Pool Services License type: Property maintenance Address: 4012 S. Rainbow Blvd., Suite K-599, Las Vegas Owner: Terence Charlebois First Church of Christ, Scientist, Las Vegas License type: Parking lot Address: 300 S. 7th St., Las Vegas Owner: Coyle E. Knowles Jr. Flooring USA License type: Contractor Address: 4221 W. Charleston Blvd., Las Vegas Owner: Nichole Thomas Focus Commercial Group License type: Real estate sales Address: 3455 Cliff Shadows Parkway, Suite 150, Las Vegas Owner: Bill Boschetto, John Ritter, Darrin Badger and Sierra Kopke
BUILDING PERMITS $31,419,820, commercial — new 5430 Donovan Way, North Las Vegas Techsico $3,258,800, hotel 1440 E. Craig Road, North Las Vegas Accelerated Construction $1,199,400, fireproof 5675 E. Ann Road, North Las Vegas Martin-Harris Construction $723,312, multifamily — new 4536 Ponsard Court, North Las Vegas Spectrum Services dba Amal $723,312, multifamily — new 4535 Ponsard Court, North Las Vegas Martin-Harris Construction $209,300, electrical 4335 Arcata Way, North Las Vegas Did not disclose $178,510, residential — new 1816 Slate Ridge Court, North Las Vegas Extended Power $178,431, residential — new 3605 Asia Road, North Las Vegas Extended Power $151,541, residential — new 3604 Asia Road, North Las Vegas Extended Power
$135,177, single-family dwelling tract 10410 Amulet Ridge Court, Las Vegas D.R. Horton $127,850, onsite 3645 Losee Road, North Las Vegas Extended Power $126,197, residential — new 4113 Fairywren Drive, North Las Vegas Extended Power $126,197, residential — new 4112 Fairywren Drive, North Las Vegas Extended Power $116,702, residential — new 4025 Fairywren Drive, North Las Vegas Extended Power $115,700, fireproof 5675 E. Ann Road, North Las Vegas Extended Power $113,837, residential — new 5129 Lawrence St., North Las Vegas Extended Power $113,202, residential — new 6145 Shoebill St., North Las Vegas Two Master Electricians $113,202, residential — new 4108 Fairywren Drive, North Las Vegas Extended Power $109,800, electrical 2189 W. Craig Road, North Las Vegas Performance Electric $108,000, mechanical 41 W. Mayflower Ave., North Las Vegas Spectrum Services dba Amal $103,142, residential — new 5457 White Barn Court, North Las Vegas Extended Power $102,376, residential — new 3985 Fire Fox Drive, North Las Vegas Delta Electric Company
$146,000, commercial — addition 4410 Nexus Way, North Las Vegas Extended Power
$99,716, residential — new 5125 Lawrence St., North Las Vegas Nur Electric
$140,027, residential — new 5121 Lawrence St., North Las Vegas Extended Power
To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
VEGAS’ MOST FUN CASINO
WANTS
YOU!
NOW HIRING PARTY PIT DANCING DEALERS AND BARTENDERS Break into the hospitality industry in a young, dynamic work environment with FREE on-the-job training! AUDITIONS AT 5:30PM TUESDAY-SATURDAY GOLDEN GATE HOTEL & CASINO
Applicants must audition in dance-wear, GoGo attire or swimwear.
Congratulations Natalie Wainwright! CREW Network, Las Vegas Chapter President July 1, 2017 - December 31, 2018 We are proud of the leadership, innovation and positive energy that Ms. Wainwright brings to the industry and the community. Contact Natalie to learn about why she is so passionate about CREW Network. Natalie Wainwright
+1 702 688 6939 nwainwright@comre.com
IN BUSINESS, EVERY DOLLAR IS AS IMPORTANT AS THE FIRST. It pays to upgrade to water-smart landscaping as well as water-efficient fixtures and devices. You can receive rebates and a healthy ROI through water savings. To learn more about business rebate programs, call our conservation specialists at 702-862-3736, or visit snwa.com/businessrebates.
SNWA is a not-for-profit water agency
18
VEGAS INC
your Business-to-business news
june 25-July 1
Send your business-related information to news@vegasinc.com
The List
Category: third-party commercial property managers (Ranked by square feet managed as of June 1)
Year est. locally
Total square footage of local commercial properties
Total number of local commercial properties
Total number of local property managers
MDL Group 3065 S. Jones Blvd., Suite 201 Las Vegas, NV 89146 702-388-1800 • mdlgroup.com
1989
9,729,393
137
8
Carol Cline-Ong, principal/CEO
2
CBRE 3993 Howard Hughes Parkway, Suite 700 Las Vegas, NV 89169 702-369-4800 • cbre.com
1984
8,615,248
46
11
Michael Newman, managing director
3
The Equity Group 6018 S. Durango Drive, Suite 110 Las Vegas, NV 89113 702-796-5500 • teglv.com
1980
7,500,000
110
7
Natalie Allred, executive vice president
4
Gatski Commercial Real Estate Services 4755 Dean Martin Drive Las Vegas, NV 89103 702-221-8226 • gatskicommercial.com
1993
6,380,000
141
6
Frank Gatski, president/CEO
5
Cushman & Wakefield Commerce 3773 Howard Hughes Parkway, Suite 100S Las Vegas, NV 89169 702-796-7900 • comre.com
2005
5,230,000
26
4
David Jewkes, senior vice president — Nevada
6
Sun Property Management 6140 Brent Thurman Way, Suite 140 Las Vegas, NV 89148 702-968-7305 • sunpm.net
2010
4,826,587
76
5
Susan Cotton, managing director
7
Colliers International 3960 Howard Hughes Parkway, Suite 150 Las Vegas, NV 89169 702-735-5700 • colliers.com
1998
3,057,059
36
4
Mike Mixer, managing partner
8
Virtus Commercial 1333 N. Buffalo Drive, Suite 120 Las Vegas, NV 89128 702-787-0123 • virtusco.com
2008
2,527,058
76
6
Chris Emanuel, president/broker
9
Avison Young 3993 Howard Hughes Parkway, Suite 350 Las Vegas, NV 89169 702-472-7979 • avisonyoung.com
2011
2,273,072
25
3
Debra Sinclair, director
Logic Commercial Real Estate 3900 S. Hualapai Way, Suite 200 Las Vegas, NV 89147 702-888-3500 • logiccre.com
2015
1,967,714
37
4
Lauren Vaniski, director of property management
Berkshire Hathaway HomeServices — Nevada Properties/The McGarey Group 8850 W. Sunset Road Las Vegas, NV 89148 702-267-6991 • mcgareypartners.com
1994
1,945,707
37
6
Christopher McGarey, founder/ team leader
12
American Nevada Company 2360 Corporate Circle, Suite 330 Henderson, NV 89074 702-896-6353 • americannevada.com
1972
1,479,036
23
3
Phillip Ralston, president
13
Juliet Companies 8375 W. Flamingo Road, Suite 200 Las Vegas, NV 89147 702-368-5800 • julietcompanies.com
1986
1,453,535
11
2
Jason Ahlstrom, principal
14
JLL 302 E. Carson Ave., Suite 310 Las Vegas, NV 89101 702-360-4907 • jll.com
2008
750,000
8
3
Bret Davis, executive vice president
15
Nevada Development & Realty 2500 W. Sahara Ave., Suite 211 Las Vegas, NV 89102 702-362-4144 • ndrlasvegas.com
1972
729,978
10
1
Tedd Rosenstein, president
Firm
1
10 11
Top local executive
Source: 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. Visit vegasinc.com for more. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC charts, omissions sometimes occur and some businesses do not respond. Please send corrections or additions to Jamie Gentner, research associate, jamie.gentner@lasvegassun.com. Send mail care of VEGAS INC, 2275 Corporate Circle, Third floor, Henderson, NV 89074.
Specializing in the Sale of Commercial Investment Property and the Sales and Leasing of Office, Industrial and Retail
54 YEARS OF PERFORMANCE NOT PROMISES Bobbi Miracle CCIM, SIOR Senior Vice President Bobbi@CEVegas.com
Soozi Jones Walker CCIM, SIOR Broker/President Soozi@CEVegas.com
(702) 316-4500
UNLV President Len Jessup
7219 W. Sahara, Suite #100, Las Vegas, NV 89117
We could all learn something at UNLV. WELCOMES TO LAS VEGAS
The campus of the University of Nevada, Las Vegas is a model of landscaping that’s both beautiful and waterefficient. Over the past decade, UNLV has converted more than a million square feet of turf to desert-friendly landscape resulting in annual water savings in excess of 45 million gallons. Through landscape conversions and technology enhancements, UNLV has decreased its annual water usage by 76 percent since 2001. And that’s a good lesson for all of us. Learn what your company can do to save water. Go to snwa.com or call our conservation specialists at 702.862.3736.
METROPLEX Realty successfully represented Philly Pretzel Factory and Shooter Pretzels, LLC in securing their first Las Vegas and West Coast location. We enjoyed working with you, Grand Bazaar Shops, and ROI Commercial on this transaction. Thank you and we look forward to doing more business,
Paul Murad
METROPLEX Realty is a boutique full-service real estate brokerage firm based in Downtown Las Vegas since 2005 serving local, national, and international clients for all their real estate needs. METROPLEX is currently curating several landmark buildings on Main Street in Downtown with limited availability of prime retail, showroom, and creative office spaces for select tenants. Contact us today at 702-900-0350
The SNWA is a not-for-profit water agency.
Download Sizzle from the app store for an exclusive City National Bank experience >
SPECI A L PU B LI CAT I ON
OF THE YEAR AWARDS 2017
PRESENTED BY
SPONSORED BY
4A
—FROM THE PRESENTER—
Colleagues & Friends,
A
s President of the Las Vegas Chapter of Financial
those finance professionals who have made significant contri-
Executives International (FEI), I am excited to help
butions to their companies and communities. I have person-
bring the inaugural CFO of the Year Awards to South- ally worked with a number of the nominees and finalists and
ern Nevada. We are lucky to have a thriving and growing busi- I am proud that we have such outstanding individuals conness economy that many outstanding professionals call home.
tributing to our local communities on a daily basis. It is these
In partnership with VEGAS INC and with the assistance of nu- individuals who make the greater Las Vegas area a great place merous sponsors, FEI is proud to honor the best and brightest financial leaders in our area.
to work and live. Please join me in congratulating these exceptional individu-
Working as a financial professional is not always easy. The territory comes with significant responsibilities, long hours
als and their accomplishments. Warmest regards,
and sometimes a lack of public recognition. Financial pro-
Gary A. Vecchiarelli President (and careers) through intense competitive environments, unFEI Las Vegas Chapter certain economic conditions and growing regulatory requirefessionals often find themselves navigating their companies
ments. The CFO of the Year Awards are meant to recognize
—FROM THE SPONSOR—
T
—FROM THE EDITOR—
G
here are many events and opportunities to sponsor throughout our communities — so why CFO
working with the FEI Las Vegas
Awards. This honor aims to celebrate the
your company thrive, but you are making
executives who have helped their com-
a difference in your community. You also
panies reach new pinnacles of success
inspire us; your ingenuity fuels our pas-
and whose leadership stands out as ex-
sion — and that deserves celebrating. We
emplary.
love being a community bank, and are as
The financial executives’ awards are
passionate about our neighbors as we
filed into different categories. We have
are about the numbers. We applaud your
winners under the umbrella of select
vision, talent and tenacity! Congratu-
Aric Graham Regional Director Umpqua Corporate Banking
VEGAS INC are proud to be
Chapter to present the CFO of the Year
of the Year? Not only have you helped
lations and thanks for your inspiration.
reenspun Media Group and
industries as well as profiles of the finalists for the ultimate honor — CFO of the Year, an award that we kept under wraps until the event at Silverton's Veil Pavilion. To read about who took that prize home, visit vegasinc.com. Craig Peterson Special Publications Editor craig.peterson@gmgvegas.com
people. our business. our passion. our expertise. Randstad Professionals is a proud sponsor of FEI Las Vegas. Randstad Professionals delivers high-quality finance and accounting professionals for the fundamental roles that power your business and impact your bottom line. Let us assist you with all of your direct hire and project placement needs. Contact us today: 6720 Via Austi Parkway, #370 Las Vegas, NV 89119 702.830.4322 www.randstadusa.com
Š Randstad North America, Inc. 2017
6A
FINALIST — CFO OF THE YEAR
Sandra Beaver Vice President / CFO
IGT’s North America Gaming and Interactive
C “Being a top CFO is not just about being able to analyze numbers and make complex financial decisions, but also surrounding oneself with smart, talented people and enabling them to be their best.”
olleagues call her an inspiring role model. After joining GTECH 14 years ago, Sandra Beaver has become an integral component of the organization as it evolved into IGT. Some of her most significant contributions have involved working on the sale of DoubleDown Interactive and developing Lottery Manager Agreements in Illinois, Indiana and New Jersey. She was also a key member of the teams that renegotiated the net income commitment terms with all three contracts and part of the initial bids for Indiana and New Jersey. Prior to the acquisition of IGT, Beaver was a part of a team that restructured GTECH by geography — including its related P&L structure — within a six-month period, driving the organization to new levels of financial efficiency and operational excellence. Beaver has extensive global financial experience. She worked with business partners in India, for example, to manage the contracts for a large outsourced soft-
ware service team that delivered products worldwide. “Successful leaders within large organizations are highly dependent on the quality and engagement of their teams,” Beaver said. “Being a top CFO is not just about being able to analyze numbers and make complex financial decisions, but also about surrounding oneself with smart, talented people and enabling them to be their best.” Being a CFO at any company is challenging and complex, she said. “IGT is a large, publicly traded, global company that offers a broad range of gaming and lottery solutions. In this environment, it is critical to communicate often, effectively and across all levels of the business. In a large company this notion is paramount to success — above and beyond the core competencies of a CFO.” Beaver said that one of her greatest accomplishments in 2016 was helping navigate IGT’s gaming business in an intense environment of change, integration
and improvement. “As IGT evolves, and as I evolve in my role, continuous selfimprovement and knowledge acquisition remain constant opportunities and challenges.” Beaver’s plans for the future are ambitious. “The full integration of two very large companies takes many years to achieve” she said. “This year will continue to be a year of intense evolution for our gaming business. To achieve success, it is critical that we continue to focus on the objectives of our customers, our product portfolio and our employees. At the end of the day, happy customers buy more products, and happy employees produce the best for our customers.” The role of the CFO continues to expand beyond the pure financial statements of the company, and into the operating principles of the business, Beaver said. “I believe CFOs continue to become more influential in driving a business, not just managing its financial health.” — Howard Riell
FINALIST — CFO OF THE YEAR
Kim Forbes-Daniels Market Chief Financial Officer
Universal Health Services
K “Demonstrating integrity in all aspects of your role, whether this is financial reporting, contract negotiations or being straightforward with staff regarding difficult topics, is an important quality for a CFO.”
im Forbes-Daniels’ work in The are several qualities outside of finance Valley Health System, as well as which are important to the CFO role,” Universal Health Services, has Forbes-Daniels said. The first is integrity. been profound. It has led to extensive “Demonstrating integrity in all aspects growth and profitability for the region, of your role, whether this is financial remaking it a valuable asset to the UHS porting, contract negotiations or being straightforward with staff regarding difCorporation as a whole. For more than 13 years, Forbes-Dan- ficult topics, is an important quality for iels has led the financial progress and suc- a CFO.” Another is leadership development, cess of the facilities in this market. She has overseen the growth of the system which she called “the ability to recognize from five to eight hospitals, including the and develop leaders within your organiaddition of several physician practices, zation. These are the same individuals with success in their specific fields, but and an ambulatory surgery center. Along with providing oversight to as a team can accomplish seemingly imthe eight hospital-based CFOs, she also possible projects.” CFOs, she added, need to be able to initiated the consolidation of, and oversees, accounting, business office, admit- explain complex financial analysis or proting, centralized scheduling, health in- jections to a wide range of audiences. Forbes-Daniels called the expansion formation management, PBX, materials management, information services, case of The Valley Health System with the management, and laboratory services. opening of Henderson Hospital — on She currently manages more than $12 bil- schedule and on budget — her top aclion in gross revenue across the facilities complishment in 2016. The strategic plan was developed in 2014 “and we moved in Nevada. “In addition to financial acumen, there quickly into the planning stages, utilizing
the wealth of knowledge locally from our previous hospital openings and expansions.” This addition to The Valley Health System “has allowed us to expand health care services into the southeast portion of the valley for UHS. We feel it is important to grow with the greater Southern Nevada community as well as looking for opportunities throughout the state. This enables consumers to choose their acute-care hospital provider within their own neighborhood.” Her goals for the months to come are built upon previous ones; primarily, to continue to develop a fully integrated health care network in Nevada. “We continue to evaluate opportunities to build upon the UHS success in the hospital provider community. The expansion of services provided to our community might include more sub-acute care services or partnerships with physicians. This will enable us to care for our patients throughout their entire episode of care.” — Howard Riell
7A
FINALIST — CFO OF THE YEAR
Lisa Manning CFO
Opportunity Village
L “The emphasis has been on team building, interdepartmental collaboration, and implementation of sound financial and business practices.”
isa Manning brings more than 25 years of experience in operations, financial management and business consulting to Opportunity Village. More than six decades old, the not-for-profit serves adults in Southern Nevada with intellectual and related disabilities with the goal of enhancing their lives and the lives of the families who love them. Manning has served the Las Vegas community as a business and financial consultant since 1997 in both commercial and nonprofit sectors across a variety of industries ranging from construction and real estate to medical. She previously worked at the Cleveland Clinic Lou Ruvo Center for Brain Health, where she served six years as the chief operations officer. She has been a licensed CPA since 1992, with a degree in business administration from the University of Washington. She also plays tennis in the USTA Nevada and enjoys singing. Opportunity Village, Manning said, is a unique organization with a very diverse operation.
“It requires wearing many hats through- and implement cost reduction strategies — out the day, as we provide human services, for instance, through centralized purchascomply and adapt to a changing regulato- ing — without compromising the quality ry environment, compete against for-prof- of care provided. “This allowed us to imit businesses in order to obtain contracts plement a significant pay increase for all in various lines of business in order to OV Direct-care staff.” A CFO is “a strategic, goal-oriented provide jobs for people with intellectual disabilities, and obtain donations through leader possessing strong business acufundraising and signature events such as men and analytical skills,” Manning said, “carrying out their duties with the highest the Magical Forest,” she said. Among Manning’s impressive list of level of honesty and integrity. A collabaccomplishments during fiscal year 2017: orative team builder who communicates the implementation of organization-wide with passion, enthusiasm and transparcentralized purchasing; cross-depart- ency. Inspiring the team through leading mental participation for Magical Forest by example.” Manning said that her top goal every to improve operational and financial efficiencies; and interim management of a year is “that we are on the cutting edge Resource Development Event Team. “The in our industry, continuing to develop best emphasis has been on team building, in- practices, and following sound business terdepartmental collaboration, and imple- principles so that Opportunity Village will mentation of sound financial and business be here to serve our community and provide job opportunities for people practices,” she said. Through interdepartmental collabora- with intellectual disabilities for another tion, Manning and her colleagues found 60-plus years.” — Howard Riell ways to increase operating efficiencies
FINALIST — CFO OF THE YEAR
Paul Soth CFO
Companion Animal Practices North America Inc.
F “As the skill set within the finance operation continues to evolve to the current needs of the organization, building innovative finance leaders is critical in years to come.”
or Companion Animal Practices North America Inc., Paul Soth manages financial accounting and IT. He is responsible for directing daily cash between all operating entities as well as corporate overhead, which includes IT department projects. The number of entities? It’s grown from 28 to 58 over the past 12 months. Beyond these, Soth oversees due diligence and integration for acquisitions, with 32 practices acquired over the past 12 months. He also oversees the development and implementation of policies and procedures for internal accounting processes and the company’s financial reporting. Further, he is responsible for all IRS exam and tax reporting issues, and has developed and oversees business profitability process. By all accounts, Soth did an outstanding job taking a team of 10 in a decentralized culture with antiquated systems and building it into its current size — 54 people — with updated systems and a centralized accounting process. At the same time,
he was able to challenge and provide major opportunities for the people who were there when he started. He also brought in a higher level of talent and provided staff members with opportunities to grow their skill sets. CAPNA, Soth said, was formed in 2010 as part of a number of small companion animal veterinarian practices that traded stock ownership but were allowed to continue as individual practices acting on their own behalf. What is unique about being its CFO, he continued, is the continued support offered by its president, Dennis Law, and CAPNA’s board of directors “and their willingness to support the implementation of the many policies and procedures required to centralize accounting functions while working with the practice personnel to ensure local autonomy exist.” While the primary role of the chief financial officer “is still centered on the finance and accounting function,” Soth said, the CFO “continues to improve business partnering between the finance opera-
tions and all other units and functions of the organization.” Developing the right skill set within the finance functions is important. “These skill sets constantly evolve toward individuals being able to data-mine efficiently, and (enhances) their ability to analyze the data accurately and in a timely fashion for the organization. As the skill set within the finance operation continues to evolve to the current needs of the organization, building innovative finance leaders is critical in years to come.” Soth’s desire going forward is to ensure CAPNA’s value and profitability. Among his personal goals for 2017: to continue to mainstream the financial reporting process, which will allow his team to formalize the budgetary process and work with operation to build additional reporting. Also, he has plans to assist operations to analyze the operational information to increase profitability throughout the organization and implement a standardization commission compensation structure. — Howard Riell
8A
G A M I N G | H O S P I TA L I T Y
Walter Bogumil Senior Vice President / CFO
Affinity Gaming
G “My parents wanted me to be an engineer and work at Cape Canaveral, but I just didn’t enjoy the work.”
and management positions with Walt Disney World Co., Sun International Resorts, Microsoft Corp. and Penn National Gaming. Bogumil joined Affinity Gaming as CFO in March 2015. Affinity operates 11 casinos in four states, including Silver Sevens, Primm Valley, Whiskey Pete’s and Buffalo Bill’s in Southern Nevada. Tasked with getting the company’s finances in order, Bogumil’s efforts resulted in increased recurring free cash flow from zero to $50 million in 18 months. He was also instrumental in growing recurring EBITDA (earnings before inter-
est, tax, depreciation and amortization) 25.4 percent in 2015 and 17.4 percent in 2016. Affinity Gaming — privatized in January of this year — is now one of the fastest-growing gaming companies in the United States. Looking ahead, Bogumil is investing capital back into the company with a focus on improving food and beverage quality and a room-remodeling initiative. By the end of 2018, nearly two-thirds of the company’s 2,200 rooms are expected to have a new look. — Danielle Birkin
PA Paul Huether has more than on accounting from Seton Hall University. In his current role, Huether has seen Go 30 years of diversified management and accounting experience, Wireless grow from 18 stores in 2005 to launching his career at Price Waterhouse more than 730 today, and played a signifiand working in various capacities at Page– cant role in growing the company through Net, Garrett Aviation and Impact Sand & the economic downturn. “We have done this through organic Gravel prior to joining cell phone retailer growth as well as bank debt,” Huether said. Go Wireless as CFO in 2004. “I entered accounting because I enjoyed “I have successfully raised over $500 milworking with numbers and quickly realized lion since 2011 via various markets: mezzathat the profession was about much more nine debt, traditional bank debt and synthan just numbers,” said Huether, a New dicated bank debt. Our interest expense Jersey native who holds a bachelor of sci- has stayed the same while our debt level ence in business administration with a focus has tripled and our revenue has doubled,
with store growth doubling in four years. 2017 will bring more of the same. We’ve had eight acquisitions so far this year.” Huether has been instrumental in keeping the finance cost of operations constant and also helped to reduce medical insurance premiums to employees two years in a row while significantly lowering per-store insurance costs. Huether was also instrumental in integrating the new stores into the POS, inventory and accounting systems, and maintaining stable margins and a low leverage position. — Danielle Birkin
rowing up in Florida, Walter Bogumil was unsure of his career path, but one thing was for certain: He was no rocket scientist. “My parents wanted me to be an engineer and work at Cape Canaveral, but I just didn’t enjoy the work,” said Bogumil, who holds a bachelor’s degree in finance from University of Central Florida and an MBA from Rollins College. “So I switched my focus to biology, then HR, then finally took a basic finance course and the logic of it just made sense to me.” Bogumil previously held key financial
SERVICES | OTHER
Paul Huether CFO
Go Wireless
C “I entered accounting because I enjoyed working with numbers.”
Scott Seegmiller CONSTRUCTION
CFO, Nevada West Development & WestCorp Management Group Managing Partner, Ascent Multifamily Accounting
S “When I was 14, I began keeping track of everything I made or spent…”
cott Seegmiller confessed he’s been destined for the financial arena since age 10, when he began keeping records of his earning from mowing lawns and digging weeds in his St. George, Utah, neighborhood. “Then, when I was 14, I began keeping track of everything I made or spent, and served as statistician for the high school basketball, baseball and football teams,” said Seegmiller, who holds a bachelor of arts in accounting from Southern Utah University, and has nearly 30 years of experience in property-management accounting.
He launched his career locally with Deloitte in 1977, and also worked at Laventhol & Horwath and Realty Management Inc. prior to co-founding WestCorp Management Group and its sister company Nevada West Development in 2008, serving as CFO for both entities. WestCorp Management Group manages operations and/or accounting services for more than 14,000 multifamily units in 10 states. The company has renovated more than 10,000 multifamily units, converted more than 4,500 apartment units to condominiums and helped sell more
than $600 million in units. “I think the key to our growth and success has been our ability to streamline the accounting function for property management through web-based software that we efficiently apply to each community,” said Seegmiller, who was also instrumental in making WestCorp Management Group completely paperless. In 2016, Seegmiller also founded Ascent Multifamily Accounting, a paperless company that provides outsourced accounting services for multifamily projects. — Danielle Birkin
MANUFACTURING | TECHNOLOGY
9A
Randy Taylor Executive Vice President / CFO
Everi
L “We’re constantly trying to expand our offerings to our casino clients, and are starting to see the financial benefits of our efforts.”
as Vegas native Randy Taylor has been immersed in the financial arena for almost two dozen years, launching his career at the Showboat as vice president of taxation and assistant treasurer, and also working in various capacities at Aladdin Gaming Holdings and Bally Technologies before switching gears and joining Citadel Broadcasting Co., where he served for almost 12 years, including three years as CFO. In 2011, Taylor turned his attention back to the gaming industry, joining Global Cash Access (now Everi Holdings) as senior vice president and controller, ascending the ranks in 2014 to CFO, executive vice president and treasurer of the company, which produces slot machines and provides financial equipment and services to casinos. This includes providing video and mechanical reel gaming content and technology solutions; integrated gaming payment solutions; and
Growing team? Outdated equipment? Need to be more efficient?
introduced wide-area Class II progressive compliance and efficiency software. Everi is the result of a rebranding games. “Like Megabucks but on a smaller scale, and merger of Global Cash Access and Multimedia Games in 2014/2015. Taylor and we’ve also brought out new licensed was instrumental in integrating financial games like Casablanca and Penn & Teller,” statements, increasing the talent pool Taylor said. “We’re constantly trying to without growing overhead, securing new expand our offerings to our casino clients, financing and achieving overall synergies and are starting to see the financial benefits of our efforts.” with the two companies. Colleagues say that Taylor’s leader“All of our services are casino-related, and Multimedia Games produced gaming ship is inspiring. “One of the best qualities he possesses machines on a smaller scale, so since the acquisition we’ve been working to stream- is the art of listening and understanding,” line our sales and service teams as well as said Olga Wisnicky, senior vice president/ manufacturing,” said Taylor, who holds a relationship manager of Well Fargo Combachelor of science in accounting from mercial Bank. “Randy has the fortitude the University of Denver. “Most recently, and discernment to read people and situwe shut down a warehouse in Las Vegas ations and do so correctly. To find a leader and moved the operations to Austin, sav- that is compassionate and fair, while being extremely intelligent, experienced and ing significant manufacturing costs.” This year, the company refinanced its yet so empathetic and sympathetic is cersecured debt, resulting in about $8 mil- tainly unique and worthy of recognition.” lion in annual interest savings, and also Seegmiller.1/4Pg.VEGAS.INC.Ad 6/12/17 1:33 PM Page 1 — Danielle Birkin
Congratulations! Scott Seegmiller A well-deserved honor for the best CFO in the Real Estate industry.
TIME FOR A
COPIER UPGRADE! 702-932-7431 | lesolson.com/upgradenow
GET A QUOTE TODAY!
Fr om your teams at WestCorp Management Group Ascent Multifamily Accounting Nevada West Development
Congratulations
Kim Forbes-Daniels Chief Financial Officer The Valley Health System
Finalist, VegasInc., CFO of the Year
THE VALLEY HEALTH SYSTEM HOSPITALS ARE HERE FOR YOU …
wherever you are in Las Vegas!
valleyhealthsystemlv.com
The power of you. Empowered by us. KPMG is proud to support the Vegas Inc CFO Of The Year Awards 2017. We congratulate the honorees for their outstanding performance in their roles as corporate financial stewards. Pierre Kahn, Partner KPMG LLP 702-800-8768 pkahn@kpmg.com kpmg.com
© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the U.S.A. The KPMG name and logo are registered trademarks or trademarks of KPMG International. NDPPS 685977
> Let FCI & DESIGN give your
office the right prognosis. Treat your office with style and expertise while also meeting your budget.
> VISIT OUR SHOW ROOM
FCI & DESIGN 6415 S Tenaya Way #145 Las Vegas , NV 89113
702 202 4227 www.fcidesign.com