Webmaster@VegasReservations.com's Blog about Las Vegas Nevada

Here’s some of the news relevant to or about the Las Vegas area or Nevada or gambling in general that came out in the last 7 days:

May 13, 2013 Commercial casinos in the U.S. had a collective win of $37.34 billion in 2012. It was the second-highest total ever, following the $37.52 billion in 2007, and a 4.8% increase over 2011. The total includes land-based, riverboat, and race track casinos in 23 states; Native American casinos are not considered. Nevada had the highest win figure at $10.86 billion, followed by Pennsylvania ($3.16 billion), New Jersey ($3.05 billion), Indiana ($2.61 billion), and Louisiana ($2.40 billion).

The Las Vegas 51s baseball team, which has called downtown’s Cashman Field home for the past 30 years, has been sold for $20 million to the Summerlin Las Vegas Baseball Club LLC, a local joint venture of the Howard Hughes Corporation and Play Ball Owners Group.

May 14, 2013 San Francisco-based Trulia reported today that Las Vegas ranks as the No. 1 undervalued U.S. market despite double-digit gains in median prices in the last year. Las Vegas area homes prices are apparently 24% below what’s justified by market fundamentals such as income-to-price and income-to-rent ratios.

Station Casinos recorded a net loss of $142.1 million for the quarter that ended March 31, 2013 which was primarily due to the company’s $2.475 billion debt restructuring. A year ago, Station Casinos said its net income was $8.9 million.

Hong Kong businessman Richard Suen has been awarded a $70 million judgment against Las Vegas Sands Corp., in a case revolving around Suen’s alleged role in obtaining the company a gaming license in Macau — an arrangement the casino giant claims he did not make good on.

May 15, 2013 The long-anticipated closure of RM Upstairs, the high-concept, sleek-and-sexy second-floor dimension to Rick Moonen’s Mandalay Bay restaurant has happened. It will be transformed into Rx Boiler Room, which will specialize in lower-priced comfort food and is slated to open sometime in July.

The Clark County School District School Board adopted a final budget today of $2.1 billion for the 2013-14 school year that contains a 4% increase (or $97 million).

May 16, 2013 Nevada wide, unemployment was 9.6% for April 2013, down from 9.7% in March and 11.5% in April 2012, the Nevada Department of Employment, Training and Rehabilitation reported this morning. The Las Vegas rate also was 9.6% in April 2013, compared with 9.8% in March and 11.3% in April 2012.

Nevada regulators today approved a merger between Pinnacle Entertainment and rival Ameristar Casinos. The $869 million deal will more than double Pinnacle’s size.

GameWorks Las Vegas that closed it’s Las Vegas Strip location (between Planet Hollywood and MGM Grand Las Vegas) last year after 15 years in business announced today that it plans to reopen at Shopping district Town Square Las Vegas on South Las Vegas Blvd. (south of the Strip) this coming November.

May 17, 2013 Las Vegas-based Pinnacle Entertainment’s $869 million merger with Ameristar Casinos (see "Today’s News" 5/1/2013) has been officially approved by Nevada gaming regulators.

It was announced that Terrible’s Hotel & Casino which had continued to operate under the former Terrible Herbst brand name following a ownership change due to Chapter 11 reorganization is now to get a new identity as the Silver Sevens Hotel & Casino.

May 18, 2013 PRiSM, the brand new show from the eight-member, all-male, hip-hop dance crew Jabbawockeez, debuts in its custom-built theater at Luxor tonight.

Click on –> http://www.reviewjournal.com/real-estate/resale-homes-report-existing-homes-sold-may-1-7 if you’d like to see a Las Vegas area “Resale Homes Report: Existing Homes Sold May1-7”.

May 19, 2013 Click on –> http://www.reviewjournal.com/business/las-vegas-conventions-113 if you want to know what conventions are in the Las Vegas area this week

Click for up to 70% off Hotel Reservations

 Click for up to $525 off Air + Hotel Packages

You can use “Google”, “Yahoo” or “Bing” to get more info about any of the above entries or anything else.

Have Fun         -         Visit Vegas Soon

Email me at webmaster@vegasreservations.com with any comments or if there are any subjects you would like covered in this blog.

Here’s some of the news relevant to or about the Las Vegas area or Nevada or gambling in general that came out in the last 7 days:

May 06, 2013 The popular Egg & I breakfast joint on W. Sahara reopened for business today more than a month after a driver, who has pled guilty to DUI and is due in court August 22, ploughed into the front of the restaurant during a busy lunch hour, injuring several but fortunately causing no fatalities.

Regency Centers Corp., a  Jacksonville, Florida based company, sold its 62-acre Deer Springs Town Center in North Las Vegas for $50.5 million.

May 07, 2013 The Greater Las Vegas Association of Realtors reported a median existing single-family home price of $167,000 in April 2013 which is up 30.6% compared with April 2012. The median for condos and townhomes surged to $85,000, up 41.9%.

May 08, 2013 Nevada had a mortgage delinquency rate of 9.12% last quarter according to a report out today by TransUnion, a Chicago-based research firm. Nevada still has the 2nd highest delinquency rate in the country last quarter. Florida had the highest, at 11%.

Today was a bad day for pedestrians in Las Vegas: early this morning, a man suffered severe injuries when he was hit by a cab and a motorcycle hit a another pedestrian near Flamingo Road and Koval Lane, sending the pedestrian and the motorcyclist to the hospital.

Prosecutors will seek the death penalty against Ammar Harris, the suspect in a February shooting on the Las Vegas Strip that killed one person and caused a car crash that killed two others.

May 09, 2013 Nevada’s foreclosure rate has topped the nation for a 2nd month following a brief hiatus from the state’s five-year reign as foreclosure king. Statistics released today by RealtyTrac show nearly 3,227 homes received some sort of foreclosure filing in April 2013 which is down 15% from last March and down 17% from April 2012.

It was reported today that the Las Vegas Metropolitan Police Department will be closing the lobbies of three substations to cut costs.

May 10, 2013 Nevada’s March 2013 gaming win in Nevada jumped 7% from March 2012, but fell from the total collected in February 2013 according to Nevada’s gaming control board.

According to statistics released today by the Las Vegas Convention and Visitors Authority, Las Vegas had 3,536,569 visitors in March 2013 which was about 4,500 more than the total in March 2012.

May 11, 2013 The lobbies of 3 police substations (Bolden Area Command at 1851 Stella Lake Street, South Central Area Command at 4860 Las Vegas Boulevard South and Southeast Area Command at 3675 Harmon Ave.) closed today.

Click on –> http://www.reviewjournal.com/real-estate/resale-homes-report-196 if you’d like to see a Las Vegas area “Resale Homes Report”.

May 12, 2013 Hope all the moms out there had a great Mother’s Day

Click on –> http://www.reviewjournal.com/business/las-vegas-conventions-112  if you want to know what conventions are in the Las Vegas area this week

Click for up to 70% off Hotel Reservations

 Click for up to $525 off Air + Hotel Packages

You can use “Google”, “Yahoo” or “Bing” to get more info about any of the above entries or anything else.

Enjoy Life         -         Visit Vegas Soon

Email me at webmaster@vegasreservations.com with any comments or if there are any subjects you would like covered in this blog.