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.