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
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)