Owner of Annie’s Kitchen Bill Thompson outside of his restaurant located at 1212 D Street, Las Vegas, Oct. 2, 2017.Thompson has run the restaurant with his wife, Annie, in the historic Westside for 13 years. Elizabeth Brumley Las Vegas Review-Journal @EliPagePhoto
The LVCVA will consider an $80 million naming rights deal for the “Las Vegas Ballpark.” The “Ballpark” is a proposed Triple A baseball stadium in Summerlin.
The average slot player is aging out, said Blaine Graboyes, who presented on a panel Thursday called “Why Esports Matters to Casinos Now and in the Future.”
Data from the Nevada Gaming Control Board and the Las Vegas Convention and Visitors Authority shows average slot revenue per room per day has generally declined since 2008, while average food and beverage revenue per room per day has climbed.
Graboyes, CEO and co-founder of GameCo, said the average Strip property in Las Vegas has reduced their slot footprint by 450 units over the last decade.
“That’s created an increase in win per unit, but you’re essentially just talking about the same money on fewer machines, not new customers and incremental revenue,” he said. “The real key now for casinos…is bringing in new kinds of games that bring in net new casino gamers.” Read more at reviewjournal.com (Nicole Raz/Las Vegas Review-Journal)
R&R Partners has been the communications agency for the Las Vegas Convention and Visitors Authority for more than 35 years The first “What happens here, stays here” ad ran in 2003. (Nicole Raz/Las Vegas Review-Journal)
IGT executive Phil O’Shaughnessy talks to Las Vegas Business Press reporter Buck Wargo about we can expect to see at G2E this week.
The Hyperloop mode of transit was designed by Tesla CEO Elon Musk It has the potential to cut the travel time between Las Vegas and Los Angeles to about 30 minutes Cargo and passengers are slated to travel at over 700 mph “You take an autonomous vehicle pod, you put it inside a tube, you take the air out of a tube … then you use a linear motor … and passive maglev (magnetic levitation), and you put it in a horizontal line and it goes fast” — Nick Earle, Hyerploop One’s senior vice president of global field operations
Las Vegas’ growth of new-home sales might slow in coming months, a new report says. But 2017 should still be seen as a “very good year.” Home Builders Research says almost 5,800 new homes were sold in Clark County this year through August. That’s up 19 percent from the same period last year. The report says 2017 should be “remembered as a possible turning point” for the market. (Las Vegas Review-Journal)
A Las Vegas restaurant sharing the name of a 90-year-old Jewish deli opens this week. The new Canter’s Deli at Tivoli Village can produce 3,000 bagels a day. The menu includes pastrami, corned beef, a take on Canadian poutine and kosher soda. (Las Vegas Review-Journal)
A Salt Lake City firm has bought several Las Vegas apartment complexes. All told, Bridge Investment Group acquired eight complexes. The sale is valued at nearly $130 million deal. The information came from Charlotte Morse, director of investor relations and marketing for Bridge. (Las Vegas Review-Journal)
The purchase will eventually put Plated meal kits on Albertsons shelves. Plated will also have access to the Albertsons distribution network. (Las Vegas Review-Journal)
RedFlint will host third-party vendor courses that last between one and five days ranging between $1,000 and $3,000. (Nicole Raz/Las Vegas Review-Journal).
Here are upcoming conventions coming to the Las Vegas area. (Las Vegas Review-Journal)
Xtreme Manufacturing is adding 79,000 square feet of manufacturing space to its 200,000 square feet of existing space Xtreme –owned by Las Vegan Don Ahern– plans to hire 204 new employees at an average hourly wage of $18.67 within two years Finding the right people for the job though is not easy, said Robert Russell, who runs the Ahern Family Office
More than 700 new jobs are coming to the Las Vegas area, ranging from human tissue manufacturing to security monitoring. That wide range of companies is a big win for Nevada, says Steve Hill, with the governor’s office of economic development. (Nicole Raz/Las Vegas Review-Journal)
Faraday Future made out a $16,000 check to the state’s Department of Taxation in July, paying back the only abatements the company received. Approximately $620,000 remains in a trust fund that will begin to be distributed around the state to local tax jurisdictions.
Construction activity is coming to life at the Raiders Stadium site in Las Vegas. Heavy vehicles, cranes and water trucks were visible at the site at Russell Road and Dean Martin Drive, just west of Interstate 15.
A formal groundbreaking for the $1.9 billion, 65,000-seat domed stadium is expected in late November.
Plans indicate the stadium will be 225 feet tall with 10 levels. It is also expected to gave a see-through video wall.
Frank Abagnale gives a fraud lecture with the Nevada AARP. Morgan Lieberman/Las Vegas Review-Journal
A group of prostitutes soon could be co-owners of a legal brothel in Nye County.
70-year-old Dennis Hof is in talks to buy the 17-bed Chicken Ranch brothel in Pahrump.
To help raise capital, he’s offering his independent contractors a stake in the company.
“The goal is to have the first employee-owned brothel in the world.” Dennis Hof
Three prostitutes have already agreed to invest $500,000 in the Chicken Ranch.
Hof said he’s aiming to raise $2.25 million.
A look at the 14th annual Solar Power International show at the Mandalay Bay Conference Center, Monday, Sept. 11, 2017. (Todd Prince/Las Vegas Review-Journal)
Nevada State College, NAIS and the City of henderson hosted several drone manufacturers for live demonstrations at the Henderson Unmanned Vehicle Range, or HUVR.
One of the tallest buildings in Las Vegas has been sold.
The partially built Fontainebleau hotel has been sold to real estate investment firms Witkoff and New Valley.
Billionaire Carl Icahn sold the property for $600 million after buying it for around $150 million during the recession.
Witkoff has not said what it plans to do with the property.
It also did not say what the new name might be.
John Knott, a former listing broker for Fontainebleau, said it would cost $900 million to $1.6 billion to complete.
The Fontainebleau was originally envisioned as a $2.8 billion, 3,815-room project.
Amenities were slated to include 24 restaurants and lounges, a spa and casino, and a 3,300-seat performance hall.
Construction began in 2007. The hotel was slated to open in 2009 but the project went bankrupt.
Discounts and rewards abound after Amazon finalized its purchase of Whole Foods Monday. Elaine Wilson/Las Vegas Review-Journal.
A Trader Joe’s store on Decatur and O’Bannon relocated to Centennial Hills in northwest Las Vegas. Elaine Wilson & Wade Millward/Las Vegas Review-Journal
Zach Miles, associate vice president for economic development at UNLV, said the Las Vegas tech scene is largely gaining traction because of growing community infrastructure. The city now has several incubator and business accelerator programs up and running.
A new attraction based on “Fear the Walking Dead” is coming to the Fremont Street Experience Summer 2017. (Elaine Wilson/Las Vegas Review-Journal)
Electric car maker Faraday Future will break ground on its 900-acre site.
Uber, the constroversial ride-sharing company, can continue to operate in Southern Nevada, based on a ruling by District Judge Douglas Herndon Wednesday.
The Air Force takes over a long-standing casino property in Indian Springs to make way for a security buffer at Creech Air Force Base.
