Monday January 30, 2012 by admin.

Here’s some of the news relevant to or about the Las Vegas area or Nevada that came out during the last week:

Jan. 23, 2012 Happy Chinese New Year! – A report from the Nevada Department of Employment, Training and Rehabilitation showed that Nevada’s unemployment rate fell from 13% in November to 12.6% in December. The unemployment for Las Vegas, unfortunately, went up from 12.4% to 12.7% in the same period

Jan. 24, 2012 Local nightlife impresarios Angel Management Group (AMG), and Hakkasan Ltd., a global restaurant brand, have announced today a partnership to launch a luxury restaurant and a new nightclub in the space formerly occupied by Studio 54 at MGM Grand. Hakkasan Las Vegas, which will occupy additional space and include both indoor and outdoor areas, is set to open next December.

Jan. 25, 2012 Chef Alex Stratta’s photograph was reported removed from the Wynn Las Vegas website. His remaining restaurant remains open and there has been no public rift. Alex, the renowned chef’s French gourmet restaurant at the property, was closed virtually without notice last year apparently against its namesake’s wishes.

                             It was reported today that Amonix, one month after losing it’s CEO in a fatal plane crash, is laying off about 200 people from its solar panel manufacturing plant in North Las Vegas.

Jan. 26, 2012 Apparently, Stetson’s Saloon and Casino on Boulder Highway has been closed for a remodel.

                      Nevada led all states with foreclosure sales accounting for nearly 57 percent of all home sales, RealtyTrac reported today.

Jan. 27, 2012 According to the Associated Press, “Vegas casinos relying more an baccarat”.

                     It was reported that the latest traffic report from McCarran International Airport shows a surge in visitation last year, with the highest number of passengers (41.47 million) since 2008. The rebound is particularly striking since in 2010, for the first time in six years traffic dropped below 40 million.

Jan. 28, 2012 Patty’s Closet, which has several boutiques around the valley, has transformed the former Blue Diamond location into "YSparkle by Patty’s Closet," a new all-accessory store debuted today at 9345 S. Cimmarron Rd.

                     After a huge run up that began four years ago, the number of bankruptcy filings in Las Vegas dropped sharply last year. The 19,797 cases that were launched in 2011 marked a 18.4% decline from 2010.

Jan. 29, 2012 A Japanese billionaire, who happens to be largest stockholder and Wynn Resorts board member Kazuo Okada, filed a law suit in Clark County District Court recently to force Wynn Resorts Ltd. to open its financial books and records. Kazuo Okada controls almost 20 percent of Wynn Resorts Ltd and apparently is very angry about the spending habits of Wynn Resorts Ltd. Chairman Steve Wynn. More than a decade ago, Steve Wynn lost control of Mirage Resorts under similar circumstances. This could prove to be interesting.

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Monday January 23, 2012 by admin.

Here’s some of the news relevant to or about the Las Vegas area or Nevada that came out during the last week:

Jan. 16, 2012 Martin Luther King Jr. day – Bands, step dancers and floats made their way up 4th Street, from Hoover Avenue to Ogden Street, as thousands crowded the sidewalks to watch the 30th annual MLK Day parade

                     It was reported that gaming winnings plummeted to historic depths last year to comprise a record low 46 percent of total revenue. However, spending on other areas, including "food, beverage and other (related offerings)" among Nevada’s casinos hit a record high 34.1% of total revenues, according to figures released by the State Gaming Control Board.

                     Downtown’s Western Casino dealt its last hand at 2 am this morning and is now closed.

Jan. 17, 2012 The Las Vegas new home sales fell to a 23 year low in 2011, when new home sales fell to a low of 3,894. Dennis Smith, president of Home Builders Research Inc., said in a recent report that new home sales bottomed out last year and that some increase should be expected this year.

                     Continuing with real estate news: High-rise condos are selling for less than $200 a square foot, compared with up to $400/sq. ft. at the height of the market and sales fell 6% to 1,308 transactions in 2011

Jan. 18, 2012 The owners of Tivoli Village, the new outdoor mall that opened on the west side of town last year, have announced plans to build a 700,000-square-foot indoor shopping center called Renaissance across the street. The $350 million project is scheduled for completion in 2015.

                      The buffet at Caesars Palace is closed until June or August. In the meantime, breakfast is being served in Rao’s from 7 to 10:30 a.m. for $21.95. There currently is no lunch or dinner buffet.

Jan. 19, 2012 Apparently more than 2,000 people so far have been forced to evacuate the Reno area as wildfires burn out of control.

                            In an unorthodox move, the bankrupt off Strip casino’s largest creditor, Canyon Capital, has announced that it will submit an opening bid of $60 million and possibly as much as $70 million, in a bid to eliminate low-ball bidders. The property was valued at the end of last year at just $46.6 million — $63.9 million when all the inventory and cash in operating accounts is taken into account — and the bidding process is not scheduled to begin officially until Feb. 10.

Jan. 20, 2012 Las Vegas made the list of "Most Stressful Cities" in the U.S., coming in at #2 behind Tampa Bay-St. Petersburg, FL. Factors contributing to the designation included traffic, crime, the economy, and mental health — at 18 per 100,000 people, Las Vegas has the highest suicide rate among the top 10 metropolitans on the list

Jan. 21, 2012 It’s been reported that a 100 acre Henderson Park is in the early phases of construction and should be ready to open by the end of summer. The park will have a 25 acre lake, play structures, a tot lot, bathrooms and a large picnic pavilion that will be able to accommodate up to 1,000 guests for corporate picnics and other events.

Jan. 22, 2012 For anyone interested, an article entitled “Gaming’s spread no threat to Strip” can be found at http://www.lvrj.com/business/gaming-s-spread-no-threat-to-strip-137844573.html.

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Monday January 16, 2012 by admin.

Today is the Martin Luther King Jr. holiday. Most government offices plus some banks and libraries are closed. Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Jan. 09, 2012 It’s been reported that the Siegel Group, owner of the boutique Artisan, Gold Spike, and Rumor properties, has acquired the former Atrium Suites on Paradise for $4.2 million. The property comprises 202 suites, each in excess of 500 square feet, and also features conference and exhibition space, plus amenities including a restaurant and lounge, fitness center, and pool.

                      A group comprising John Vipulis, an original investor in the attraction, and contractor M.J. Dean Construction Inc., among others, has received court approval to purchase the bankrupt Las Vegas Mob Experience at the Tropicana, which ran up $20 million in debts during its first year of operations.

Jan. 10, 2012 This year’s Consumer Electronics Show has drawn an unprecedented 3,100+ exhibitors and is expected to draw more than 140,000 attendees.

Jan. 11, 2012 After a six year run, the Las Vegas show, Phantom: The Las Vegas Spectacular will end its run at the Venetian September. 2th.

Jan. 12, 2012 It’s been reported that Cantor Gaming, which already controls the race and sports books in M Resort, Venetian, Palazzo, Tropicana, and Hard Rock, has been approved by the Gaming Control Board to take over operations at the Palms, where an all-new facility will be constructed, featuring the company’s signature in-line mobile wagering service.

Jan. 13, 2012 It’s been officially announced that "Hell’s Kitchen" chef Gordon Ramsay will open a steakhouse at Paris Las Vegas — Gordon Ramsay Steak — in approximately three months.

Jan. 14, 2012 It was reported that after receiving no counterbids, U.S. Bankruptcy Court Judge Mike Nakagawa has approved the sale of the Nevada Cancer Institute to the University of California, San Diego.

Jan. 15, 2012 Congratulations to Miss Wisconsin Laura Kaeppeler who was crowned Miss America during the 2012 Miss America Pageant in the Theater for the Performing Arts at Planet Hollywood last night.

                     It’s been reported that federal prosecutors may have cracked opened the door for individual U.S. states to operate Internet poker websites without Congress passing online poker legislation.

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Monday January 9, 2012 by admin.

Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Jan. 02, 2012 New Year New Name - the name of the Las Vegas Hilton officially changed to the LVH-Las Vegas Hotel & Casino.

Jan. 03, 2012 For those thinking of starting a business in Las Vegas, the business license application process in Las Vegas has been consolidated into one building and streamlined from 30 days down to a little more than a week, said a city official at the new Las Vegas Development Services Center at 333 N. Rancho Drive.

                     A growing number of Nevada companies say they expect to hire in the first three months of 2012.

                     The total gross gaming revenue in Macau ($33.5 billion in 2011) will be approximately 5.5 times the gross gaming revenue generated on the Las Vegas Strip and the rate of growth in Macau will be roughly 10 times the rate on the Vegas Strip according to Grant Govertsen, the principal for the Macau based Union Gaming Group.

Jan. 04, 2012 Housing analyst Dennis Smith of Home Builders Research reported that new-home construction in Las Vegas is down about 85 from where it was five years ago. Through November, local home builders had pulled 3,348 permits, compared with 23,200 in 2006.

                     Sam Nazarian apparently plans to reopen the Sahara as a luxurious boutique hotel "sooner than later" and will be rebranded as SLS Vegas, part of his SBE empire.

Jan. 05, 2012 It was reported that traffic deaths in Nevada fell to 243 in 2011, the lowest number of people killed on state roads since 1986 when the state population was one-third of what it is today.

                     It was also reported that J.W. Marriott in Summerlin and Loews Lake Las Vegas have both defaulted on their debts. The future of these hotels is not know at this time.

Jan. 06, 2012 After 2 years of speculation and rumor, Van Halen has announced dates for an extensive U.S. tour that includes a stop at the MGM Grand Garden Arena on May 27. The band lineup will be the same one it featured during its 2007/2008 tour, with frontman David Lee Roth, guitarist Eddie Van Halen, drummer Alex Van Halen, and bassist Wolfgang Van Halen.

Jan. 07, 2012 A recent report by state gaming regulators compiled statistics from 256 casinos statewide that grossed $1 million or more in gaming revenue in fiscal 2011. Nevada’s highest-grossing casinos generated a combined net loss of $3.99 billion on total revenues of $22 billion which 16.4% net loss increase over fiscal 2011.

                     Bally Technologies Chief Executive Officer Richard Haddrill has been elected to a two-year term as chairman of the American Gaming Association.

Jan. 08, 2012 Had he lived, Elvis Presley, the King of Rock n Roll, would be turning 77 today and Pete Vallee, who performs as "Big Elvis" at Bill’s Gamblin’ Hall & Saloon and who was recently named among the top ten Elvis impersonators of all time by Time Magazine, hosted a birthday bash during all three shows in the afternoon with flowers for the ladies, giveaways, and appearances by special guests.

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Monday January 2, 2012 by admin.

Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Dec. 26, 2011 Home Builders Research Inc. said the November sales of  new homes in the Las Vegas area total was off slightly from 367 transactions in October. The 365 sales were also down from November 2010.

                      A Colorado man who found $10,000 before boarding a flight in Las Vegas says he returned the money to the owner because he wanted to show his children it was "the right thing to do."

Dec. 27, 2011 Prudential Americana Group owner and broker Mark Stark said that the inventory of bank-owned homes in Las Vegas is shrinking and that the market will lean more toward short sales in 2012.

                     The number of people passing through McCarran International Airport, arriving and departing rose 3.9% in November from one year ago to 3.3 million.

Dec. 28, 2011 Home Builders Research reported that the median price of a new home in Las Vegas increased 2% in November from a year ago to $204,441 although sales remained at the lowest level on record.

Dec. 29, 2011 A pair of Houston co-workers settled a lawsuit over the rights to a $12.7 million Megabucks jackpot won at the Aria nearly a year ago for an confidential amount.

Dec. 30, 2011 Nationally the number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half. In Las Vegas, Greater Las Vegas Association of Realtors President Paul Bell said he’s noticed a trend that more homes are going into contract since early November, and expects December’s escrow closings to be the highest in several years.

                     France’s XL Airways says it will bring back its nonstop Las Vegas to Paris flights in the spring.

Dec. 31, 2011 New Year’s Eve

                     A new Las Vegas ordinance was approved to make banks take responsibility for the blight that stems from the housing market crash.

Jan 01, 2012 Happy New Years - Have a great 2012!

                    Over 300,000 squeezed onto the Las Vegas Strip at midnight to see about 56,000 total fireworks go off the roof or towers of 8 Las Vegas Strip Hotels. Police only arrested 57 of those for misdemeanor offenses.

                    SBE Entertainment operated Hyde Bellagio Lounge opened today in a 10,000 square foot space overlooking the Fountains at Bellagio that once was the Fontana Bar.

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Monday December 26, 2011 by admin.

Here’s some of the news relevant to Las Vegas that came out last week that ended yesterday on Christmas Day:

Dec. 19, 2011 Studio 54 at MGM, which had been due to close Jan. 8, will now remain open through Feb. 4, 2012. The club is open from 10 p.m., Tuesday through Saturday.

                     Oscar Goodman’s (former Las Vegas mayor) signature steakhouse opened at the Plaza

Dec. 20, 2011 Happy Hanukkah - One giant menorah was lit up tonight under the Fremont Street Experience canopy to welcome the first night of Hanukkah

                     President Barack Obama signed into law today a bill that extends hydropower allocations from Hoover Dam for another 50 years and makes a portion of its electricity available to new customers.

                     The Clark County Board of Commissioners approved a $333,000 contract to extend a corridor that will be used by deplaning passengers from outside the United States. This will increase the number of international gates from six to seven.

Dec. 21, 2011 Boxer Floyd Mayweather Jr. was sentenced to six months in jail on a misdemeanor count of battery constituting domestic violence after pleading guilty Wednesday in Las Vegas Justice Court.

                     The Gold Coast Hotel & Casino celebrated its silver (25th) anniversary today.

Dec. 22, 2011 Las Vegas was ranked the No. 1 travel destination on Travel Leaders’ list of the top domestic destinations already being booked for 2012.

Dec. 23, 2011 The Nevada Gaming Commission has voted in favor of regulations that could pave the way toward Nevada becoming the first state to allow legal Internet-poker gambling within state borders and set the standard for regulatory controls.

Dec. 24, 2011 Christmas Eve - It was reported that the United Way of Southern Nevada brightened the holidays of more than 2,000 needy families this week with the help of a generous Secret Santa who donated $1 million to the charity. Each of the more than 2,000 needy families received a $500 Visa gift card.

                      The Department of Justice issued a 13-page opinion declaring that Internet gambling is legal between states where gambling is legal. The opinion is being hailed as a major step toward legalization, as it would allow states with legalized gambling (most) to work together to allow online gambling across state lines. Apparently, sports betting will still be prohibited, but the door appears to be open for poker and other forms of gambling.

Dec. 25, 2011 Merry Christmas – No real news and no snowfall in the Las Vegas area which has only seen a trace of snow three times in the last seven decades (1941, 1988 & 2008) -  I hope everyone had a great holiday weekend.

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Monday December 19, 2011 by admin.

Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Dec. 12, 2011 Winnings for Las Vegas Strip casinos were up 13.3% at nearly $561 million for October compared with October of last year. Downtown casinos posted an 8.1% increase in October.

Dec. 13, 2011 Hotwire.com has named Las Vegas the #3 Top Deal destination for New Year’s Eve, citing average nightly room rates of $139. Orlando was the surprise winner, with rooms as cheap as $64. New York came in second, although the nightly rates there were $221.

Dec. 14, 2011 Industrial Road is going to have it’s name changed to Sammy Davis Jr. Parkway, leaving Joey Bishop and Peter Lawford the only two Rat Packers yet to have Vegas streets named for them.

Dec. 15, 2011 The Mirage is now offering a new Yoga with the Dolphins class at the Dolphin Habitat. More later.

Dec. 16, 2011 The Las Vegas’ MotorSpeedway’s multi-grooved wide racing surface, which heightened the dangers of pack racing on a high-banked oval, was singled out as a significant factor in a "perfect storm" of conditions that led to the death of two-time Indianapolis 500 winner Dan Wheldon in October, casting doubt over whether IndyCar racing should ever take place again at the track. IndyCar CEO Randy Bernard already has bought his way out of Year 2 of the Las Vegas contract, while the third and final year of the lease agreement is up for review pending further investigations.

                    The Cosmopolitan, whose casino operations have struggled since opening, has debuted a new high-limit room called The Talon Club which has exclusive hand-selected spirits in addition to high-stakes wagering.

Dec. 17, 2011 Blue Oasis Shrimp Farm, owned by Ganix Bio-Technologies, in July celebrated the grand opening of its 30,000-square-foot, $5 million operation miles north of the Strip.

                     Though not specific to Las Vegas, the rate on the most common type of mortgage hit a new low this week, as investors try to figure out what’s in store for the global economy.

Dec. 18, 2011 Nothing worth reporting for today but with a week before Christmas who cares.

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Monday December 12, 2011 by admin.

Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Dec. 05, 2011 Today is the 78th anniversary of the repeal of prohibition.

                     A new movie set in Las Vegas is reportedly in the works. It will star Jim Carrey and Steve Carrell as rival magicians. Advance crews were spotted around town over the weekend.

Dec. 06, 2011 Mayor Carolyn Goodman lit the Las Vegas’ official Christmas tree in downtown Las Vegas on Fremont Street at about 5 pm.

                      World Series of Poker (WSOP) officials announced that 22 players have committed to putting up $1 million each to play in what they expect to be the biggest poker tournament ever. It’s not really a $22 million pot yet because 11% is being taken out for charity. If seven more players enter, the first prize will surpass the $12 million Jamie Gold won as the champion of the WSOP Main Event in 2006.

Dec. 07, 2011 Comedy hypnotist Marc Savard signed a three-year contract extension with the V Theater which is located inside Miracle Mile Shops at the Planet Hollywood Resort & Casino

Dec. 08, 2011 It was announced that following the death of driver Dan Wheldon during the Oct. 16 season finale, the IndyCar Series will not return to Las Vegas Motor Speedway next season. The future of the event at the track is in part dependent on the results of the investigation into Wheldon’s fatal accident.

Dec. 09, 2011 Las Vegas casinos collected $560.5 million from customers, a 13.3% increase compared with $494.8 million collected in the same month last year.

                     Las Vegas officials announced that city offices are going to be closed from the Friday before Christmas (12/23/11) until the Tuesday after New Year’s 01/03/12) in recognition of a traditionally slow business period between the holidays and as a cost cutting measure.

Dec. 10, 2011 October’s Las Vegas visitor count (the 20th consecutive monthly gain over the prior year comparison) was up 2.7% from October 2010.

                     It was reported that Clark County businesses received $37.8 million in Small Business Administration 504 real estate financing in 2011.

Dec. 11, 2011 Hardly big news but the cocktail waitresses at the Palms have donned their holiday uniforms. As they have for the past several years, the waitresses are all sporting Santa-style outfits.

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Monday December 5, 2011 by admin.

Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week:

Nov. 28, 2011 The empty land on the Strip that once was the site of the New Frontier will remain empty at least for the foreseeable future. The Israeli company that bought the 36-acre site in May 2007 for more than $1.24 billion has written off $500 million of the investment.

Nov. 29, 2011 Vegas! The Show, which performs in the Saxe Theater in the Miracle Mile Shops, has been nominated for four Broadway.com awards in the "Vegas" category, including Best Lead Actor and Actress.

                     The Hooters hotel casino is scheduled to be sold today at auction under a deal disclosed in U.S. Bankruptcy Court.

Nov. 30, 2011 Cantor Gaming continues to build its position in Las Vegas with the announcement that it will take over the sports book operations at the Palms. The acquisition now gives Cantor control of the sports books at seven Las Vegas casinos.

                      Italian restaurant franchise Buca di Beppo is expanding to the Las Vegas Strip and hiring 75 workers for its restaurant at the Excalibur. The restaurant is scheduled to open Dec. 23 in the space formerly occupied by Regale Ristorante Italiano.

                     It was reported today by the Center for Business and Economic Research that the Southern Nevada Index of Leading Economic Indicators was essentially unchanged in Nov. at 123.44, barely up from 123.39 in Oct..

                     Las Vegas based housing research firm SalesTraq reported a median existing-home price of $104,900 in September, a decrease of 10.9 percent from the same month a year ago. It was, however, up from $103,500 in August with the median price remaining unchanged in October.

Dec. 01, 2011 One of the last mega-projects to be announced before the economic downturn is officially toast. Elad Group, which purchased the 36-acre site where the New Frontier used to be to build a $5.4 billion Plaza Hotel complex, has announced that the project will not go forward.

                     A new report confirms there’s a slight improvement in the Las Vegas job market. In spite of the slight improvement, the unemployment rate in the Las Vegas metro area ranks among the nation’s highest at 13.1%.

                     The Las Vegas Monorail Co. celebrated its 50 millionth rider today.

Dec. 02, 2011 It was announced that 2 Las Vegas area shopping centers have been sold. The 1st is the 4G, a neighborhood shopping center at 4215-4275 E. Charleston Boulevard, at Lamb Boulevard, which was purchased by Primestor Development Inc. of Los Angeles. The 2nd is the Anthem Highlands Shopping Center in Henderson that was purchased by the Excel Trust of San Diego.

                     An agreement was announced today to sell the financially troubled Nevada Cancer Institute to the University of California, San Diego Health System.

Dec. 03, 2011 Apparently Steve Wynn, one of Vegas’ most successful casino owners and operators, is in negotiations with New England Patriots owner Robert Kraft to build a $1 billion casino adjacent to Gillette Stadium.

Dec. 04, 2011 The full Rock ‘n’ Roll Las Vegas Marathon was run today starting about 4 pm from Mandalay Bay Resort Hotel and Casino and the half-marathon started at about 5:30 pm from the same location. More than 44,000 runners were expected to take part.

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Monday November 28, 2011 by admin.

It’s Cyber Monday - Here’s some of the news relevant to or about Las Vegas Nevada that came out during the last week which had very little news worth reporting:

Nov. 21, 2011 The Flamingo Las Vegas has started Project Linq with a remodel of two-thirds of it’s 3,500 hotel rooms and the start of a rebranding and renovation of the whole property. The $10 million renovation project is expected to be completed by May with some 500 new "FAB" rooms which features hard wood floors and new furnishings expected to be ready by next January 2nd.

Nov. 22, 2011 It’s been reported that attorneys continue to argue over the $700 million in damages at stake over the failed $2.9 billion Fontainebleau resort.

Nov. 23, 2011 The cast and crew of Cirque du Soliel’s “Viva Elvis” (which opened in early 2010) were informed at a 3 p.m. meeting today that MGM Resorts International had informed Cirque du Soleil that closure of the show at Aria in CityCenter was likely at the end of 2012 for the underachieving production.

Nov. 24, 2011 Thanksgiving – Unfortunately Scott DeGraff, co-owner of the upscale N9NE Group, was found dead today of an apparent suicide. Scott had suffered several recent legal and business setbacks. The N9NE Group created many of the biggest nightclub and restaurant names in Las Vegas, Chicago, and Dallas including Rain, The Playboy Club, and the N9NE steakhouse, all at the Palms.

Nov. 25, 2011  Black Friday - Nevada’s Big Give, a 24-hour online day of philanthropy organized by NevadaGives, announced that it raised $413,048 for more than 400 nonprofits statewide.

Nov. 26, 2011 It was announced that McCarran International Airport is adding a $3 million shopping mall in Concourse D. Six shops, including Hugo Boss and Guess, are expected to be operating by early 2013.

Nov. 27, 2011 Click on –> http://www.lvrj.com/living/holiday-attractions-feature-lights-snow-santa-134553728.html for an online newspaper article that lists and describes holiday attractions in and around Las Vegas..

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