Dallas business partners buying Planet Hyundai dealership

John Staluppi on Thursday named the buyers of his local Planet Hyundai dealership.

In a statement, he said Texas-based business partners Don Tamburro and Ron Coury will buy the dealership at 7150 West Sahara Ave.

Financial terms still weren’t disclosed.

The sale includes the business and real property at the dealership and is expected to close by April 1.

Staluppi operates the Superstore Auto Group, which includes Planet Nissan, Henderson Nissan, Acura of Las Vegas, Centennial Buick-GMC and the soon-to-reopen Centennial Hyundai.


Local fuel prices stay flat in week, but top national average

Las Vegas gasoline prices remained mostly flat during the week, auto club AAA reported on Thursday.

In its Daily Fuel Gauge Report, AAA pegged the average price of a gallon of regular, unleaded self-serve gasoline at $2.762 on Thursday, down from $2.77 per gallon a week ago, a decline of 0.3 percent.

The local price is down 1.6 percent from $2.808 per gallon a month ago and up 28.8 percent from $2.143 per gallon a year ago, AAA said.

The Las Vegas average price is slightly below the statewide average price of $2.794 per gallon but above the national average of $2.636 per gallon, AAA said.


International Game Technology will close operations in Japan

Slot machine giant International Game Technology said Thursday it will close its operations in Japan later this year.

In a brief statement, the Reno-based company said the closure would include severance charges of about $20 million. IGT said the decision was made because of "ongoing difficult market conditions and lack of strategic fit."

Japan’s slot machine business has been volatile over the past few years. In fiscal year 2007, IGT shipped 29,800 machines to Japan. That figure fell to 6,000 machines in 2008 and 3,775 machines in 2009.

JP Morgan gaming analyst Joe Greff estimated the company would ship just more than 2,000 machines this year.

"Given the capital investment required for this business, as well as the minimal earnings impact, we do not see the decision to end operations as a negative aspect of the IGT story," Greff told investors.


Snacks business boosts quarterly profits for PepsiCo

PepsiCo Inc.’s fourth-quarter profit almost doubled on strength in its snacks business and overseas beverage operations, and the company said it will keep expanding internationally to buffer the slumping U.S. drinks market.

The snack and drink maker also said Thursday it expects more savings from its buyout of two of its bottlers, a deal it says will help it get new products to market more quickly because it will control their distribution. The company said the deal, valued at $7.8 billion, should close by the end of the month.

The company, whose brands include Gatorade, Quaker and Pepsi-Cola, earned $1.43 billion, or 90 cents per share, in the quarter ended Dec. 26, even with the estimates of analysts polled by Thomson Reuters. These estimates normally remove one-time items.

Sales rose 4.4 percent to $13.3 billion from $12.74 billion.

Bellagio, MGM Resorts International’s luxury hotel turns 20
The more than 3,000-room Bellagio hotel is situated on the site of the former Dunes Hotel. The Dunes was imploded in 1993, and construction of the Bellagio started in 1996. It cost $1.6 billion to build, making it the most expensive hotel in the world at the time. The Bellagio was former Wynn Resorts Ltd. Chairman and CEO Steve Wynn’s second major casino on the Strip after The Mirage. MGM Resorts International acquired the property from Steve Wynn in 2000. (Tara Mack/Las Vegas Review-Journal)
Facial recognition software at G2E – Todd Prince
Shing Tao, CEO of Las Vegas-based Remark Holdings, talks about his facial recognition product. (Todd Prince/Las Vegas Review-Journal)
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Bobby Baldwin to leave MGM
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Caesars has new armed emergency response teams
Caesars Entertainment Corp. has created armed emergency response teams. They are composed of former military and law enforcement officials. "These teams provide valuable additional security capabilities,” Caesars spokeswoman Jennifer Forkish said. Caesars is hiring Security Saturation Team supervisors, managers and officers, according to LinkedIn. The company did not say how many people it plans to hire for the units. (Las Vegas Review-Journal)
Las Vegas, airlines prepare for CES
CES in January is expected to attract more than 180,000 attendees. (Las Vegas Review-Journal)
AGS partners with Vegas Golden Knights
AGS is the nation’s second-largest manufacturer of Class II slot machines used primarily in tribal jurisdictions. It announced a marketing partnership with the Vegas Golden Knights NHL team. (Las Vegas Review-Journal)
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
News Headlines
Add Event
Home Front Page Footer Listing
You May Like

You May Like