“If we stay the course, we have the ability to unlock a ton of economic growth going forward,” said Jonas Peterson, president and chief executive officer of the Las Vegas Global Economic Alliance. “This is an election year. A lot of decisions are going to be made. … The system is working.” Read more at reviewjournal.com. Nicole Raz Las Vegas Review-Journal.
Buck Wargo interviews Shareholder of Piercy Bowler Taylor & Kern Scott Taylor.
R.W. Garcia is one of the largest (top 20) food manufacturers by employment in Clark County, according to the Nevada Department of Employment, Training and Rehabilitation. R.W. Garcia makes tortilla chips. You probably didn’t think of your local bakery as a food manufacturer, but that is how the government classifies such establishments.
Buck Wargo interviews Brent Pirosch who is a gaming analyst with CBRE.
Google representative talks about how Google Assistant integrates with Tile, ehose technology helps you locate lost items like keys, bags and phones. (Todd Prince/Las Vegas Review-Journal)
Walmart Boosts Minimum Wage to $11,
Gives Out Bonuses to Employees Walmart gave credit to President Trump’s
tax cut for enabling the move. Doug McMillan, Walmart CEO Doug McMillan, Walmart CEO The big-box store chain hit the jackpot, with the corporate tax cut coming all the way down to 21 percent from 35 percent. Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. Bonuses will be determined by the length of an employee’s tenure with the store. The wage increase will go into effect as soon as February and add about $300 million in costs to what Walmart was already planning for the upcoming fiscal year.
Esports Arena Las Vegas will officially open March 22 in the former Luxor LAX nightclub with a series of events. (Nicole Raz/Las Vegas Review-Journal)
A lifetime of free flights and other prizes will be handed out in 80 cities during a national promotion offered through Sunday by Las Vegas-based Allegiant Air.
T-Mobile’s new, nightclub-themed Las Vegas Strip store opened Thursday, Jan. 4, 2018. Visitors can access 25 portable phone chargers, a photo booth and a concierge desk for buying tickets to T-Mobile Arena. Upstairs is a virtual reality headset and a non-alcoholic drink bar with sodas and juice shots. The store employs 79 people and is 9,000 square feet. This is the company’s fifth signature-style store after New York, Chicago, Miami and Santa Monica.
Over 100 companies giving ‘Trump Bonuses’ after the federal tax overhaul, according to the Washington Examiner South Point became the first Nevada gaming company to join that list Thursday The casino will dole out more than $1 million in bonuses for 2017 to its employees, doubling the amount of bonuses for 2016 In a letter to employees Dec. 21, chairman and CEO of WynnResorts Ltd. Steve Wynn praised the tax cuts, but did not promise any bonuses or raises at the time.
Lucky Dragon was designed to to the Asian-American and Asian immigrant crowd in Las Vegas and West Coast cities Lucky Dragon was positioned to become that community’s locals casino, The Dec. 2, 2016, launch of the first direct flight between Beijing and Las Vegas right before the official opening gave the casino another potential customer base. But things didn’t go according to plan The Review-Journal investigated signs of financial struggles in December 2017 A statement from officials Thursday said, “Effective immediately Lucky Dragon Hotel & Casino is beginning the process of repositioning and, in doing so, will have a reduction in staff while it temporarily closes all gaming and restaurant operations.”
The demographics of Southern Nevada are growing increasingly young, diverse and wealthy. “The diversification of the types of companies in Las Vegas has created a larger workforce pool,” said Jason Bruckman, vice president of workforce recruitment in Las Vegas for national staffing company Eastridge Workforce Solutions. “I’ve seen the demographic trend skew to a younger workforce.” The transplants making Las Vegas their home today are also younger and bringing in higher median household incomes. “Two early causes for the higher wage appear to be higher wages in the geographies of origin and the fact that we are attracting a workers to fill higher wage positions,” Aguero said.
The Lave Gallery, Las Vegas’s first drop-off cleaner for exclusive shoes, opened in November. (Madelyn Reese/View News)
Developer Chris Beavor holds a ceremonial groundbreaking ceremony for a mixed-use project next to Palms at 3883 Flamingo Road in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal)
The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the ‘verge of bankruptcy,’ according to a lawsuit. The lawsuit was filed in Los Angeles County by 60 Chinese nationals who lent money to the project in exchange for citizenship. The investors lent roughly $400 million and each investor paid $45,000 in administration fees. The plaintiffs are seeking $255 million in damages plus attorney fees and other costs. The plaintiff’s investment is at risk of being completely wiped out and some plaintiffs will not be able to get their permanent green cards.
Christopher Thornberg from Beacon Economics discusses the impact of the pending federal tax bill. Read more at reviewjournal.com (Nicole Raz/Las Vegas Review-Journal)
10 retailers that have filed for bankruptcy in 2017 Toys “R” Us The Limited Wet Seal BCBG Max Azria Hhgregg RadioShack Payless ShoeSource Rue21 True Religion Apparel Alfred Angelo
Buck Wargo interviews Mason Vanhouweling, the CEO of University Medical Center.
Buck Wargo interviews Rhonda Allen, a fine homes specialist with Shapiro & Sher Group at BHHS, has assisted 17 players and staff and counting with about two-thirds of those involving home purchases — including some that are multimillion-dollar acquisitions — and the others that were rentals. Many home purchases were for $750,000 and above.
Analyst talks about Las Vegas apartment market. (Eli Segall/Las Vegas Review-Journal)
Buck Wargo interview James Kohl, the pot attorney for Howard & Howard of Las Vegas.
Buck Wargo interviews founding Dean of UNLV School of Medicine Barbara Atkinson.
The Silverton casino concept turns 20 this year and has gone through multiple renovations to become the attraction it is today. (Madelyn Reese/View)
Shoppers surged into Apple Inc. stores across Las Vegas on Friday to buy the new iPhone X. Nikki Raz/ Las Vegas Review-Journal
Chelli Wolford and Ginger Melien, co-founders of Bloom, are opening a coworking space for women in Las Vegas, Tuesday, Oct. 24, 2017. Bloom is set to officially open Wednesday. (Joel Angel Juarez/Las Vegas Review-Journal) @jajuarezphoto
