2016-06-12 - VEGAS INC - Las Vegas

vegasinc.com | June 12 - June 18, 2016

Rossi Ralenkotter, president and CEO of the Las Vegas Convention and Visitors Authority, addresses the audience during the Las Vegas Metro Chamber of Commerce’s annual Preview Las Vegas event in January at the Cox Pavilion. (L.E. Baskow/staff)

Las Vegas’ No. 1 salesman LVCVA boss talks about strategies to maintain the city’s reputation as a top destination

By HOWARD RIELL | SPECIAL TO VEGAS INC

Rossi Ralenkotter, president and CEO of the Las Vegas Convention and Visitors Authority and the newest member of the Nevada Business Hall of Fame, has played a historic role in the development of Las Vegas into a major destination, including his leadership in the creation of the first statistics-based analysis of the Las Vegas tourism economy. rale nkotter, Conti nued on page 15

$8,694

Median monthly price for branded cancer medication in the United States.

Similar medication in India costs $1,515.

However, based on average income, India is the least affordable place for cancer medication in the world.

11M

Number of T-Mobile customers eligible to earn one share of stock through the company’s new “Stock Up” promotion.

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VEGAS INC

JUNE 12-JUNE 18

CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan

EDITORIAL

NOTEWORTHY STORIES

05 06 18 Q&A WITH CRAIG GILBERT AND MICHAEL FREY

The owners of Rhumbar share the inspiration behind the name of the bar at the Mirage, the importance of staying true to yourself in business, and their passions for art and motor sports.

THE NOTES People on the move, P4

MEET: FLIP FLOP WORKSHOP

Jeff and Katie Kraatz have brought a successful retail footwear concept from Hawaii to the mainland, allowing customers to design their own sandals.

TALKING POINTS Health care providers, insurers join forces, P7

DATA AND PUBLIC INFORMATION A listing of local bankruptcies, bid opportunities, brokered transactions, business licenses and building permits.

MORE VEGAS INC BUSINESS NEWS Calendar: Happenings and events, P17 The Lists: Accounting firms and publicly traded companies, P22-23

EDITOR Erin Ryan (erin.ryan@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer (ray.brewer@gmgvegas.com) STAFF WRITERS Kailyn Brown, Jesse Granger, Chris Kudialis, Megan Messerly, J.D. Morris, Daniel Rothberg, Cy Ryan, Eli Segall, Ricardo Torres-Cortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Clayt Keefer EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz OFFICE COORDINATOR Nadine Guy

ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Mikayla Whitmore PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus

ADVERTISING ASSOCIATE PUBLISHER OF ONLINE MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATOR Denise Arancibia SENIOR ADVERTISING MANAGER Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn BUSINESS DEVELOPMENT SPECIALIST Sandra Segrest ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Kelly Gajewski, Justin Gannon, Chelsea Smith, Chelsea Smith, Tara Stella GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli

MARKETING & EVENTS EVENT MANAGER Kristin Wilson DIGITAL MARKETING MANAGER Jackie Apoyan

HOUSE FLIPPERS STILL PUMPING THE LAS VEGAS WELL FOR PROFITS At first glance, Las Vegas doesn’t seem like the best place to flip houses. Property values aren’t soaring, and investors can make more money elsewhere.

But flippers aren’t giving up on the valley, a former poster child for the get-rich-quick tactic.

Some 10.3 percent of local home sales in the first quarter were flips, according to RealtyTrac, which defined a flip as a home sold within 12 months of being bought.

Las Vegas’ share was ninth-highest among the 126 metro areas listed.

Locally, flippers booked an average gross profit of about $40,245 per deal last quarter. That’s a hefty bag of cash, but the profit margin — 27.8 percent — was 115th among metro areas.

House flipping was a hallmark of last decade’s real estate bubble, when investors helped inflate prices to record levels until the bubble burst and the economy crashed.

Few places got as crazed

with the tactic as Las Vegas. Flipping peaked here in late 2004, at 19.4 percent of home sales. Nationally, it peaked in early 2006 — at 9 percent.

— ELI SEGALL

CORRECTIONS In the June 5 VEGAS INC story “How to handle negative employees,” a quote by Carolyn Richmond was incorrectly attributed. Richmond, co-chair of the Hospitality Practice Group and Labor and Employment Department of the law firm Fox Rothschild in New York, said, “If it is something that can be remedied, implement it. If it is not, removing the person from the workplace might be the only answer.”

■

■ DK Las Vegas LLC owns the Ogden, One Las Vegas, Juhl, Loft 5 and Spanish Palms. The April 17 edition of VEGAS INC stated otherwise.

PRODUCTION VICE PRESIDENT OF MANUFACTURING Maria Blondeaux ASSISTANT PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Dany Haniff TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson

CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler

GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein

VOLUME 3, ISSUE 23 Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the first Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices.

POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2275 Corporate Circle, Suite 300 Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions and customer service: Call 818.487.4538, or visit vegasinc.com. For annual subscriptions, $50.

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VEGAS INC

the notes

june 12-June 18

Send your business-related information to news@vegasinc.com

Henderson Mayor Andy Hafen and the City Council appointed Rodney Burr to fill a vacancy on the Henderson Municipal Court bench.

David Peterson is McCarthy Building Cos.’ vice president of operations for education services in the Southwest division.

The education services team focuses on construction and renovation projects for K-12 schools and community colleges. peterson

Delen Goldberg is the North Las Vegas public information officer. She was editor of The Sunday and VEGAS INC. Jason Patchett, formerly of the City of Las Vegas’ City Attorney’s Office, is an associate attorney in Schwartz Flansburg’s litigation and bankruptcy practices.

Select Wealth Advisers Vice President and Financial Adviser patchett Michael Kent has earned his series 24 license. This licensing, administered by the U.S. Financial Industry Regulatory Authority, qualifies a registered individual to supervise or manage branch activities such as corporate securities, REITs, variable contracts and venture capital; a general principal may also approve advertising and sales literature, including communications regarding municipal securities.

Rob McCoy is CEO of the Neon Museum.

Ground was broken on an expansion at Catholic Charities of Southern Nevada after it was awarded nearly $2.5 million in Clark County Community Development Block Grant funds for the Hands of Hope Commu- m c coy nity Food Pantry and Meals on Wheels programs.

Korte Co. is in charge of the 3,090-square-foot expansion.

Las Vegas-based interior design firm Colours Inc. has been retained by ClubCorp for a remodeling project at Canyon Gate Country Club. The first phase will focus on the main common areas of Canyon Gate Country Club, 2001 Canyon Gate Drive. It will involve revamped design of the front entry, a formal reception lounge, boardroom, hallway, the Lake View banquet room and the main floor area.

The Clark County School District broke ground on a school near Dave Wood Circle and Galleria Drive.

This is the first school that will be built as part of the 2015 Capital Improvement Program.

B&P Advertising, Media and Public Relations is the agency of record for advertising and media for the Cosmopolitan of Las Vegas. The Las Vegas-based agency is handling advertising creative services, traditional media strategy, planning, buying and casino marketing.

Charleston West Mini Storage at 8470 W. Charleston Blvd., Las Vegas, offers U-Haul trucks, trailers, towing equipment, support rental items, storage and in-store pickup for boxes.

Du-par’s Restaurant and Bakery is open at Suncoast.

Momenti Spirited Ice Creams opened a specialty manufacturing plant in the U.S. for creating and developing spirit-infused ice creams and sorbets on the 4000 block of Silvestri Lane, Las Vegas.

Kindred Transitional Care and Rehabilitation Spring Valley is open at 5650 S. Rainbow Blvd., Las Vegas.

Clark County, Henderson, Las Vegas and North Las Vegas partnered to create a smartphone app designed to help Southern Nevada prepare for and respond to emergencies. It can be found online by searching for the Southern Nevada Community Preparedness app.

Elizabeth Martinez is marketing assistant at DK Las Vegas, owner of five condominium communities in Las Vegas: the Ogden, One Las Vegas, Juhl, Loft5 and Spanish Palms.

Sam Vukelich is chief sales officer of Quertle.

Lori Nelson and Bruce Spotleson are board members of Las Vegas Events Inc. Nelson is vice president of corporate communications at Station Casinos. Spotleson is director of corporate partnerships at Vegas PBS.

martinez

Charles Holliday Jr. is an independent director of Hospital Corporation of America’s board of directors.

The Glenn Group won the Judges’ Choice Addy Award for its work on The Smith Center’s Annual Report/“Heart of the Arts” videos. The firm also received Silver Addy awards for the National Championship Air Races for the Program Book and TV Animation/Special Effects, and the Smith Center for

the Performing Arts Annual Report.

The Gaming Standards Association launched the Operators Advisory Committee, which will bring together operators (such as casinos and lotteries) to gain awareness of, discuss and influence the direction of GSA standards.

Las Vegas-based Golden Entertainment Inc. moved to acquire its second line of gambling devices in Montana for about $25 million, a transaction that the company said will make it among the largest distributed gaming operators in the country.

Golden Entertainment said it will buy the devices from Amusement Services LLC. The Patio at MRKT is open for lunch MondayFriday at Aliante.

Nevada State Bank, as part of Zions Bancorporation, was recognized with 31 Greenwich Excellence Awards for the year ended 2015, the highest number of awards won by any bank in the United States and the most ever received by Zions. Competing in the category of middle market ($10 million to $500 million in annual sales) banking, the company won awards for overall satisfaction, likelihood to recommend, industry expertise and relationship manager performance. In the category of cash management, the company won awards for overall satisfaction, customer service, accuracy of operations, product capabilities, digital functionality and ease of product implementation. In the category of small business ($1 million to $10 million in annual sales) banking, the company won awards for overall satisfaction, advice to help my business grow, branch satisfaction, industry expertise, likelihood to recommend and relationship manager performance. In the category of cash management, the company won awards for overall satisfaction, customer service, accuracy of operations, product capabilities, digital functionality and ease of product implementation.

MountainView Internal Medicine Associates is open in the MountainView Medical Office Building, 3150 N. Tenaya Way, Suite 271, Las Vegas.

Cox earned a No. 18 ranking on the 2016 Top 50 Companies for Diversity list from DiversityInc. DiversityInc’s annual survey — tracking the nation’s top companies when it comes to hiring, retaining and promoting women, minorities, people with disabilities, LGBT people and veterans — is the most rigorous, data-driven survey of its kind, gauging detailed demographics based on race/ethnicity and gender at some of the largest U.S. employers.

SpeedVegas is open at 14200 Las Vegas Blvd.

South, Las Vegas.

SUCCESS.TOGETHER. THE COMMUNITY’S CHOICE FOR :

702.385.5544 | NVFIRM.COM | LOCATED IN TOWN SQUARE

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VEGAS INC

the interview

June 12-June 18

Send your business-related information to news@vegasinc.com

Q&A with Michael Frey and Craig Gilbert

Authenticity is key for businesses and people Michael Frey and Craig Gilbert own Rhumbar at the Mirage, Tacos & Tequila at Luxor and the Cigar Box, which recently closed its location on Western Avenue and is in the process of opening a location near Caesars Palace. The duo say they have several food-andbeverage projects in development and expect to make official announcements during the second half of this year.

What is the best business advice you’ve gotten?

Frey: The best business advice comes from yourself. Even if something seems like a good idea at the time, it’s always important to question yourself. Always triple-check and don’t let the heart overrule the brain.

Gilbert: Don’t feel like you need to keep up with your peers, because your circumstances may not always be the same. Always stay true to what you know.

What’s behind the Rhumbar name?

Frey: We wanted the name to represent the Caribbean-style concept, and to complement the theme of the Mirage. Mojito and rum drinks were becoming popular again and we liked incorporating the French spelling of rhum and also the reference to rhumba, the dance of love.

Gilbert: We wanted to do something new and different. Our lead designer was from the Dominican Republic, so he had a lot of passion for the Caribbean and for the colors, flavors and texture. So, we tried to integrate all three of those things into the design.

Craig Gilbert, left, and Michael Frey own Rhumbar at the Mirage. (christopher devargas/Staff)

What has been your most exciting professional project?

Frey: They’re all exciting. Everything we’ve done has been original. We strive to create a new and exciting vibe for our concepts with huge visual graphics, great food, a great atmosphere and fresh cocktails.

We’re also very design-centric. When people come to our venues, we want them to feel as if they are in the Caribbean or Mexico City.

Gilbert: We think there is a lack of original vision at a lot of places, which often leads them to close after a short run.

What are you reading right now?

Frey: I’m reading “The Rocks,” by Peter Nichols.

I normally read two books simultaneously. I’m also reading “The Zone of Interest,” by Martin Amis.

Gilbert: I’m reading “Cometh the Hour,” by Jeffrey Archer.

What do you do after work?

Frey: After a day in the office and visiting our various locations, I’ll either have dinner with friends, read or watch movies. I love visiting with friends at their concepts. We have a lot of friends who are chefs in town, so we like to hang out in the kitchens or grab a bite with a glass of wine at the bar. I love Sen of Japan; I think it’s one of the best sushi restaurants in the United States. I love eating at Cut and Spago; they are classic. When I want to spoil myself, I love Atelier at the MGM Grand or Stripsteak.

Gilbert: After work, I normally enjoy working out or playing ice hockey.

Describe your management style.

Frey: Both of our management styles are nonego-driven. Our mantra is “lead by example, treat people the way you would want to be treated.”

Gilbert: I always try to be fair, firm and consistent.

Where do you see yourselves in 10 years?

Frey: We’d like to develop more concepts and perhaps be contemplating retirement. Every day is fun coming to work, and we’d like to continue to create and build unique experiences for customers, while trying to make them as profitable as possible.

What is your dream job, outside of your current field?

Frey: To own an art gallery. My passion in life is collecting art, mainly photographs. I’ve already turned one vice into a vocation by turning my cigar habit into a thriving cigar business, so I’d like to turn my other passion into a world-renowned photography gallery.

Gilbert: To be a Formula One race car driver. I love anything racing — motorcycles, cars — and I also enjoy anything involving technology.

If you could live anywhere else in the world, where would it be?

Frey: The island of Capri. It’s my favorite spot on Earth, and my wife and I go there every year.

It would be a dream to split my time between an apartment in Paris and a villa on Capri.

Gilbert: I would live in Australia because the people are great, the climate is great and the food is amazing.

Who do you admire?

Frey: I admire my wife the most. She’s an incredible human being and the most incredible business person I’ve ever seen in my life.

Gilbert: I really admire Michael Frey. In spite of all the obstacles we’ve been through, he always remains true to himself, and he has the biggest heart of anybody I know.

What is your biggest pet peeve?

Frey: I procrastinate too much when I shouldn’t, and at times I don’t seize the initiative soon enough.

Gilbert: My biggest pet peeve is when people from outside of Las Vegas try to teach the locals how to properly live in Las Vegas.

If you could change one thing about yourself, what would it be?

Frey: I’d be more aggressive when it comes to my business ventures. That feeling tends to come and go in spurts, rather than being able to switch it on all of the time.

Gilbert: I would like to be more patient and more tolerant.

What is something people might not know about you?

Frey: Sometimes I have a wicked sense of humor.

I’m pretty low-key, but if you know me well enough, you’ll get to see that side of me.

Gilbert: Most people don’t know that I was born in South Africa, and I can ride a unicycle.

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VEGAS INC

get to know a local business

june 12-June 18

Send your business-related information to news@vegasinc.com

by the numbers

14,000

Attendees at Wal-Mart’s annual shareholders meeting. Wal-Mart announced technology investments to improve its online sales. Included in these announcements was a partnership with Uber to provide online grocery delivery.

250,000

Student job applications submitted to Goldman Sachs this summer, a 40 percent increase since 2012. Several other investment banks also say they’re seeing increased numbers of applicants.

$12,495

Price of an Armani jacket worn by Hillary Clinton during a speech in April.

She is not the only politician to wear expensive attire in a public appearance. Donald Trump has been seen wearing Brioni suits, which can cost up to $7,000 each.

$835 million

Amount the North American printed comics market was worth in 2014, an increase of at least $135 million from 2009, according to ICv2, an online trade magazine.

Comic books are one of the few printed mediums that are increasing sales in this digital age.

$100 million

Amount the MacArthur Foundation is willing to grant to an organization that provides the best solution to any global problem. 100&Change is an open-ended competition, not limited to any specific organizations or problems.

38,000

Number of jobs created in May in the United States, according to the Labor Department. Economists’ had expected as many as 162,000 jobs. The official unemployment rate fell 4.7 percent as many people left the workforce.

Shaunna Fisk, regional manager for Flip Flop Workshop, displays products at the Fashion Show mall kiosk.

Customers decorate flip-flops, then watch a “flip-flop genius” put them together. (STEVE MARCUS/staff)

At flip-flop shop, you’re the designer Who are your customers?

flip flop workshop Address: 3200 Las Vegas Blvd. South, Las Vegas (outside and inside Fashion Show mall) Phone: 702-582-2828 Email: jeff.kraatz@flipflopworkshops.com Website: flipflopworkshops.com Hours of operation: 10 a.m.-9 p.m. Monday through Saturday, 11 a.m.-7 p.m. Sunday Owned/operated by: Katie and Jeff Kraatz In business since: 2011

Tourists, locals, children, adults, birthday parties, wedding parties, couples out on a date — anyone interested in fashion and comfort.

We have been invited by a number of the hotels and casinos to bring our program to their events and venues. We bring our team and full-service pop-up store to their property so their guests can take home and wear a lasting memory.

What made you decide to bring your business here?

General Growth Properties, which owns Fashion Show mall — one of top 20 most visited malls in the country — also owns the Ala Moana Center in Honolulu. Our successful flagship store is at Ala Moana. General Growth management was so impressed with the store in Hawaii that they invited us to come to Las Vegas and replicate the concept at Fashion Show.

story” and tell us where they are from, what brings them to Las Vegas, and what is exciting about their visit. We also hear about what new embellishment ideas they have. With this we have a continual flow of our next bling to develop.

What is the hardest part about doing business in Las Vegas?

The unexpected cold weather during the winter months. Also, getting the word out about us. We do amazing parties for any age. Birthday parties include flip-flops at a discount, balloons and painted toenails.

Our party-goers just love it.

What obstacles has your business overcome?

Every city has its own rules and permitting regulations. Finding a good general contractor to help navigate and expedite things really helps.

How can Nevada improve its business climate?

What will customers experience when they visit one of your stores?

Flip Flop Workshop is an entirely new concept where customers design their own custom flip-flops. Customers delight in creating one-of-a-kind flip-flops from a rainbow of soles and straps, and hundreds of unique embellishments that can last for years.

What’s the most important part of your job?

Listening to customers from around the world “talk

Bring more professional sports teams to the city.

What’s next for your business?

To expand to a third and fourth store in Las Vegas with the leadership of our strong regional manager, Shaunna Fisk.

We are in discussions with potential franchisees nationally and internationally who discover our concept here. We are excited to open other Flip Flop Workshop outlets worldwide.

talking points Send your business-related information to news@vegasinc.com

Reader comments We want to hear from you. Visit vegasinc.com to post your opinion.

On Howard Riell’s vegasinc.com story “How to handle negative employees”: Don’t create negative employees in the first place. As childish as employees can be, and as much as leadership sometimes acts more like babysitters than anything else, do not treat your employees like children. —DieselJunkie On Eli Segall’s vegasinc.com story “Why many Nevadans might benefit from proposed curbs on payday lenders”: These rules aren’t going to help anyone.

They’re requiring the lenders to determine if a borrower can afford their loans.

Shouldn’t the borrower be doing that?

After all the talk about how predatory these lenders are, we should encourage people to do their own diligence and not leave it up to the lenders. — someone famous On Jackie Valley’s lasvegassun.com story “What Las Vegas can learn from Detroit when it comes to revitalization”: I was born and raised in Detroit. Las Vegas needs to learn from Detroit’s mistakes so that we won’t fall victim to them. Their first point is crucial because if people don’t feel safe they will not go downtown. — alex1552

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VEGAS INC

June 12-June 18

Health care providers, insurers join forces

T

guest column: health issues, helping to control medical he health care industry is rick beavin and costs in the long run. experiencing a significant shift dr. ama brobbey There are established goals to ensure in the relationship between this new payment model takes hold. The insurance companies and U.S. Department of Health and Human health care providers, with many joining Services secretary announced a goal to tie forces to provide patients with improved 85 percent of fee-for-service Medicare payments to quality levels of care. This often includes partnerships to create or value through alternative payment models by the end of new payment models with incentives to promote better this year. In addition, the federal government aims to tie 90 quality of care at lower costs. percent of payments to these models by the end of 2018. It’s Recently, a group of the nation’s largest health care the first time the U.S. government has established set goals organizations and insurers announced they would for alternative payment models and value-based payments. collaborate through a new organization, the Health Care There already is success implementing this plan. According Transformation Task Force, with the goal of shifting to an independent review of Medicare payments by nonprofit 75 percent of their business to contracts with value-based Catalyst for Payment Reform, 42 percent of health care dollars payment arrangements that hold providers accountable Medicare paid to providers in its fee-for-service program in for the cost and quality of care. In addition, federal health 2013 were targeted to increase patients’ quality of care. officials recently announced a plan to transition half of Southern Nevada also is experiencing this trend of health Medicare spending that isn’t devoted to managed care into care providers and insurance companies joining forces to accountable care, bundled payments and other contracts promote better care. DaVita HealthCare Partners, one of offering rewards and penalties for providers based on the the nation’s largest health care organizations, announced quality of care and efforts to control costs. its partnership with insurance company Humana to create These new payment models reflect an increasing a new special-needs plan for Medicare beneficiaries with departure from the health care industry’s traditional end-stage renal disease in Las Vegas: Humana Kidney Care. fee-for-service model, which offered medical providers For more information about it, visit humana-medicare.com. financial incentives for the volume of patients treated, Rick Beavin is Nevada president for Humana’s Senior rather than the quality of patient outcomes. By rewarding Products, and Dr. Ama Brobbey is chief medical officer for comprehensive care that results in improved health, HealthCare Partners Nevada. medical organizations are working to prevent further

Smith’s world

Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.

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VEGAS INC

june 12-June 18

your Business-to-business news Send your business-related information to news@vegasinc.com

Is the housing market poised for a rural rebound?

By eli segall Staff Writer

LOGANDALE — When Ted Price was looking to buy Valley Heights, a failed subdivision with streets and utilities but few houses, he noticed a few things about this rural town.

There was no graffiti or litter, locals seemed to be involved in the community, and the project was right near an elementary school.

And, it turns out, he was probably alone in thinking of developing housing tracts.

Price, owner of Elation Homes, is the only one building a suburbanstyle subdivision in Logandale and the broader Moapa Valley, an unincorporated community of 7,000 people 60 miles northeast of Las Vegas off Interstate 15. He bought the bulk of the 56-acre property nearly four years ago for $1 million, a fraction of what prior owners paid during the real estate bubble, and he’s sold a handful of houses.

He aims to finish the subdivision in three or four more years, as long as he reaches his goal of two sales per month.

Logandale and Southern Nevada’s other rural towns went through a boom and bust last decade, just as Las Vegas did. However, home construction in the outposts hasn’t picked up as much as it has in the Las Vegas Valley.

Asked if he was worried about being the only tract builder here, Price said, “Not at all.”

“That is a competitive advantage,” he said.

Planned for 97 houses, Valley Heights has 17 so far, six of which were built by Price. Options range from a one-story, 2,135-square-foot house starting at $259,990 to a twostory, 5,787-square-foot home starting at $624,990, according to Elation marketing materials. The home sites are an average half-acre each.

Price, an architect by training who lives in Southern California, said buyers could get more space in Valley Heights than in Las Vegas, where houses often sit on land the size of a “postage stamp.” Moreover, he said, his buyers might be eligible for government-backed home loans from the U.S. Department of Agriculture, as the project is in a rural area. Valley Heights, off Whipple Avenue east of Moapa Valley Boulevard, also has its own sewage plant, whereas most people in Moapa Valley rely on septic tanks.

A home is shown for sale in the Valley Heights by Elation Homes subdivision in Moapa Valley. (steve marcus/staff)

Success of any real estate project, however, often comes down to timing, funding and luck.

“You just have to take a flying leap and hope everything works,” Price said.

Moapa Valley builder Brian Seely, owner of Brimont Construction, has lived here for 34 years and figures there aren’t more subdivisions being built because buyers don’t want those kinds of homes.

Residents often want a big piece of land with space for, say, a horse or chickens. If “you start slamming houses 5 feet away from each other ... then the rural lifestyle people come here for will be nonexistent,” he said.

Jessica Minogue, however, is just fine with suburban living in Logandale.

She and her husband, Luke, recently bought a house in Valley Heights. They moved here from Hawaii when Luke, an Army veteran, left the military and took an IT job in Las Vegas.

They wanted to be near family — Luke’s sister lives in Overton, just south of Logandale — and to put down roots after moving around for years to various Army posts. Logandale doesn’t have a Target or many restaurants, but it’s “the absolute perfect town to raise a family,” said Jessica, who has four children. In recent years, Bloomberg Businessweek has twice ranked Moapa Valley the best place to raise kids in Nevada.

Other families live in Valley Heights, and Minogue likes that the subdivision is mostly empty.

“It’s just really quiet in here,” she said. nnn Home of the Clark County Fair & Rodeo, Logandale is about an hour’s drive from Las Vegas and bears almost no resemblance to its famous neighbor.

There are no casinos or traffic lights here, and only a handful of storefronts.

There also is commercial farming in the area. Moapa Valley High School, in Overton, has agriculture classes, and the University of Nevada Cooperative Extension in Logandale has 4-H clubs with projects focused on, among other things, the swine market and livestock judging.

It’s the kind of place where, in 1977, a news report said residents had “the services of a medical doctor again,” after a physician was hired to operate a local clinic two days a week. As recently as 1988, Moapa Valley did not have a 911 call-system in place, and in 1990, Clark County officials declared a state of emergency because the area’s only trash-hauling business shut down. (The move was a formality, allowing another company to start service without a contract until a new garbage-hauler could be found, the Las Vegas Review-Journal reported.)

But last decade, when Las Vegas’ housing market was white-hot, the frenzy spilled over to rural towns an hour or so outside the city, including Logandale. Developers gobbled up lower-priced land in these towns, figuring they’d build cheaper houses for Las Vegas commuters.

According to Clark County records: n Atlanta-based Beazer Homes bought 40 acres here in 2005 and pursued plans for a project with roughly 70 homes. n Newport Beach, Calif.-based Sage Community Group bought roughly 120 acres here in 2005 for $8.8 million and laid out plans for a 240-home project with equestrian facilities. n Los Angeles-based KB Home bought 18 acres here in 2005. n Valley Heights developer Todd Slusher, of Las Vegas-based Southwest Homes, bought the site in 2006 for nearly $17 million.

In a sign of Moapa Valley’s growth, buyers picked up 132 water meters — needed for newly built homes — in 2004 and 148 in 2005, according to Joseph Davis, general manager of the Moapa Valley Water District.

Brimont’s Seely had three superintendents and five work trucks a decade ago — staffing and equipment levels that outweigh today’s.

“We were so busy,” he said.

But like the rest of Southern Nevada, Logandale’s housing market fell apart with the recession.

Beazer’s site and KB’s land remain open desert, and lenders who foreclosed on Sage’s property in spring 2012 sold it a few months later for $750,000.

Slusher built 11 houses in Valley Heights before selling the bulk of the subdivision in 2009 through a process that lets buyers pick up debtladen real estate while avoiding the foreclosure process.

Efforts to get comment from KB, Beazer, Sage and Slusher were unsuccessful.

The Water District lost customers amid rising foreclosures and did not sell any new meters in 2009 or 2010, Davis said. More meters were being shut off than sold.

“It was pretty ugly there for a little bit,” he said.

Land broker Keith Spencer, of CBRE Group in Las Vegas, sold Valley Heights to Price. The sale closed in fall 2012.

The property was listed for about $1.4 million, marketing materials show, and Spencer said he got “lowball, vulture-type proposals,” including for around $500,000, from speculators.

“Homebuilders were not at all active out there,” he said. rural housing, continued on page 51

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rural hou s i n g, from page 8

Similar to the situation in Las Vegas, home prices plunged and bank-owned homes and short sales eventually dominated the resale market here, according to Elation listing agent Clea Whitney, of McKesson Realty in Overton.

“It was the same thing,” she said, but “on a smaller scale.” nnn Logandale’s home-construction market has bounced up from the depths, but it’s nowhere near the levels of a decade ago. Seely, for instance, has built two custom homes in Moapa Valley this year — his first two in six years.

“It’s still quite slow,” he said.

To help spur growth, the Water District slashed its water-meter purchase fees in 2014. The price of a typical residential meter is now $3,482, down from $5,463, Davis said — a 36 percent drop.

The district also began letting buyers make a $200 down payment for new meters and pay the balance over a two-year period, interest-free, he said. Previously, customers on a payment plan had to pay more than 50 percent of the purchase price up front and were charged interest.

Water-meter sales now are climbing. According to Davis, buyers picked up seven meters in 2014, eight in 2015 and five so far this year.

Unlike a decade ago, there seem to be few people, if any, getting priced out of Las Vegas’ housing market. As a result, there aren’t as many people willing to drive an hour to work each day in exchange for cheaper homes, crimping demand for far-flung subdivisions.

Another project, however, is in the works here.

A landowner called Can & Co. is pursuing plans for a 91-home subdivision near Moapa Valley High School, according to Davis.

A pre-application has been filed for the 33.6-acre project dubbed the Mesas at Logandale, but no votes or hearings are scheduled, said Dan Kulin, county government spokesman.

Construction contractor Mike Gouker, owner of Las Vegas-based Mammoth Underground, appears to be the developer, records indicate. He did not return calls seeking comment.

Price, meanwhile, knew he wouldn’t finish Valley Heights overnight, figuring it would be a seven-year build. The potential sales pace was his biggest risk, he said, but he also bought the property for a relative pittance with “minimal” debt.

If KB and Beazer decided to start construction, he knew he’d have a leg up on them because his site was ready for homebuilding, he said. And the fact that these national builders acquired land in Logandale showed the town had potential.

“They must have seen something,” Price said.

Staff librarian Rebecca Clifford-Cruz contributed research to this report.

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How Nevadans could benefit from curbs on payday lenders By eli segall Staff Writer

A federal agency’s proposed new regulations for short-term, high-interest lenders are designed to end “payday debt traps” for borrowers.

The rules would affect people throughout Las Vegas. Nevada has some of the worst personal finances in the country, making it a magnet for short-term lenders.

The Consumer Financial Protection Bureau said its proposal would require payday lenders, auto-title lenders and others “to take steps” to ensure customers are able to pay back their loans.

The agency says it has “serious concerns” that “risky” lending practices are “pushing borrowers into debt traps” — chief among them, that borrowers “are being set up to fail with loan payments that they are unable to repay.”

Payday lenders and similar groups typically charge high interest rates — often in triple digits — and lend a few hundred dollars at a time to people who need cash quickly.

Among other things, the bureau’s proposed rule would force lenders to determine whether a borrower could afford each loan payment and “still meet basic living expenses and major financial obligations,” the agency said. Lenders also would have to give borrowers written notice before trying to debit their account to collect payments for certain loans.

Repeated debit attempts “can rack up more fees and make it harder for consumers to get out of debt,” the agency says.

The bureau said public comments on the proposal were due Sept. 14 and would “be weighed carefully before final regulations are issued.”

Several payday loan businesses can be found Dennis Shaul, CEO of the Community Finan- throughout Southern Nevada. (staff file) cial Services Association of America, a trade group for payday lenders, said in a statement residents and student-loan defaults, according to that the proposal presented “a staggering blow a January report from the nonprofit Corporation to consumers, as it will cut off access to credit for Enterprise Development. The group ranked for millions of Americans who use small-dollar Nevada 48th among the states and the District of loans to manage a budget shortfall or unexpectColumbia for residents’ financial security. ed expense.” n Personal-finance website WalletHub reported “From the beginning this rule has been driven in January that Las Vegas residents’ average credit — and in some instances written — by self-proscore, 632.83, was in the bottom 9 percent of the claimed ‘consumer advocacy’ groups who have 2,570 U.S. cities it analyzed. A credit score represought to eliminate payday lending,” he said in sents consumers’ financial habits and “tends to the statement, posted to his group’s website. speak volumes, most important of which is how Payday lenders in Nevada charge an average well you manage your debts,” the report said. annual interest rate of 521 percent, one of the n Last year, WalletHub ranked Nevadans’ fihighest in the country, according to a 2014 report nancial literacy second worst in the country, beby the Pew Charitable Trusts. In Nevada, it costs hind Mississippi’s. According to those findings, an average of $596 for a $300, five-month loan, Nevada had some of the highest shares of resiaccording to that report. dents who spend more money than they make, Additionally, whenever a new report looks at borrow from non-bank lenders and pay only the Americans’ financial health, it seems Las Vegas minimum balance on their credit-card bills. and Nevada are always at or near the bottom. n In 2014, Federal Deposit Insurance Corp., a banking regulator, reported that more people in n More than half of the households statewide Las Vegas used check-cashing and payday loans are locked in “perpetual financial insecurity,” than national averages, and that a rising number as Nevada carries some of the highest rates of of locals did not have a bank account. bankruptcies, delinquent mortgages, uninsured

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Former head of BLM stood to benefit from sale of Henderson land, watchdog reports By eli segall Staff Writer

Bob Abbey, former head of the federal Bureau of Land Management, was “personally and substantially involved” in selling Henderson land for a multivenue sports complex to developer Chris Milam and “stood to benefit personally” from the sale, says a new report from an internal government watchdog.

The Department of the Interior’s Office of Inspector General said it found “no evidence” that Milam bought the 480-acre project site from the BLM “with the intent to flip it,” as Henderson city officials alleged in a civil fraud case against the developer in 2013.

But, investigators said, Abbey had much to gain from Milam’s purchase, thanks to Abbey’s business connection to real estate consultant and former longtime BLM official Mike Ford.

Abbey and Ford are partners at Las Vegas-based consulting firm Abbey, Stubbs & Ford LLC. Abbey joined the firm in 2005 but resigned in 2009, when President Barack Obama appointed him to run the BLM. He rejoined the consulting group in 2012 after he retired from the BLM, which manages federal lands and is part of the Interior Department.

Ford met Milam in 2011 and represented the Texas investor during the land-purchase process. Ford’s consulting firm was set to receive a $528,000 payment if Milam finalized the transaction, the report said.

But U.S. officials terminated the sale after Milam agreed, as part of a legal settlement with Henderson City Hall, to never do business again in the city and to pay the city $4.5 million.

His proposed Las Vegas National Sports Complex — comprising an indoor arena and three stadiums south of the M Resort — never materialized.

And according to the report, he never paid the half-million-dollar fee to Ford.

Investigators asked Abbey if he benefited from the land sale. According to the report, Abbey said he hadn’t and that he didn’t receive any payments from the consulting firm as a result of the sale.

“That was one of the issues that I went back and looked at,” Abbey said, according to the report. “I wanted to make sure that when I looked somebody in the eye and said, ‘I have not

received a penny from Milam,’ that it was the truth.”

The inspector general’s office said it presented its findings to the U.S. Attorney’s Office, which last year declined to prosecute.

Natalie Collins, spokeswoman for the U.S. Attorney’s Office for the District of Nevada, wouldn’t verify that information. She said agency officials could not confirm or deny whether someone was being investigated for possible prosecution.

Abbey said he was “shocked” to read the report, which he said was “terribly flawed,” “void of relevant facts” and “heavy on speculation and sensationalism.”

He said his consulting-firm partners landed the Milam contract while he led the BLM — before he returned to the firm — and that he “would not have shared in those proceeds.”

Abbey also said that for more than three years, investigators looked over his bank accounts, reviewed his personal and government email accounts, and interviewed numerous people, including him.

They found “absolutely no evidence or information,” he said, that could show he was involved in the decisions being made by BLM officials in Nevada in connection with the sale.

“I have no clue how any qualified investigator could reach this conclusion,” he said of the report.

The Henderson City Council in September 2011 approved an initial project agreement with Milam and voted to support the BLM land sale.

According to the report, Abbey retired from the BLM on May 31, 2012, and the agency sold the land to Milam days later, on June 4, 2012, for $10.56 million.

Abbey rejoined his consulting firm in June 2012, the firm’s website says.

The inspector general’s report said Abbey’s “involvement in the land sale began early in the process,” as he “conversed or met with Ford on several occasions” before and during the initial sales efforts. According to the report: n On March 4, 2011, Ford emailed Abbey, saying, “Glad we had time to catch up yesterday in Reno and happy we were able to visit candidly about issues of mutual interest (sic).” n On March 22, 2011, Ford met with Abbey in Abbey’s BLM office in Washington.

n On March 23, 2011, Ford emailed Abbey at his Interior Department address, telling him to check his outside email account for a message. n On June 23, 2011, Ford met with Abbey and “an official from a wildlife association” at Abbey’s BLM office in Washington. The report did not name the official or the association.

The BLM published a “notice of realty action” on April 4, 2012, to take public comments on its proposed sale to Milam’s Silver State Land LLC. Ford wrote “at least part” of the notice and “directly contacted” BLM employees “to guide and expedite (its) processing,” the report said.

Abbey also was involved, the report says. On March 7, 2012, an assistant to the BLM’s chief of staff emailed Abbey to tell him the notice had arrived for review. Abbey responded, “Thanks.

This land sale is important in bringing jobs to an area of high unemployment. Sooner the better.”

About two weeks later, an attorney from the Interior Department’s legal division, the Office of the Solicitor, reviewed the notice and wrote that the land had “known mineral values.” Under U.S. law, she wrote, when the BLM is selling land, the agency has to determine a property either has no known mineral values or that preserving any existing mineral rights could, for instance, block a development project.

The notice did not address this, so she sent it to a supervisor, an acting branch chief.

On March 23, 2012, Abbey visited the supervisor and asked what was delaying the notice’s publication.

The supervisor later told investigators that it wasn’t unusual for Abbey to visit, “but he found it strange that Abbey came to his office to discuss” a notice of realty action, “as he had never before asked about one.”

On March 27, 2012, Abbey contacted a BLM division chief and asked that she check on the notice.

The next day, the report said, Abbey kept trying to learn the notice’s status via email.

During his interview with investigators, Abbey “denied playing a part in the land sale, but when we showed him the series of emails he initiated” about the notice “and his subsequent visit to the branch chief, he said, ‘OK. It sort of reflected I had more interest in this than I thought, huh,’ ” the

report said.

Abbey also said the notice “caught his attention because he did not want it to be ‘sitting in somebody’s in-basket,’ ” the report added.

Meanwhile, Ford, who spent 25 years with the BLM, had “an unusually high level of access to BLM personnel and processes before and during the Henderson land sale,” the inspector general’s office said.

A realty specialist with BLM’s Nevada state office who was involved in the sale process told investigators that “she gave precedence to Ford’s land applications when he did with business” with the BLM, and that “she had shared draft documents with him” in connection with the Milam sale.

Her actions “appeared to violate federal regulations that prohibit preferential treatment and the improper use of non-public information,” the report said.

In a statement provided by the BLM’s office in Reno, agency spokesman Jeff Krauss said the Interior Department takes the report’s findings “very seriously.”

The agency has reviewed the report and “taken the necessary administrative actions,” Krauss said without elaborating.

Henderson city leaders were enthusiastic about Milam’s plans. In April 2012, after a council meeting in which Milam declared project financing was fully approved, Mayor Andy Hafen said that “if things fall into place and we get this thing going, it will be a boon for Henderson for years and years to come.”

“I’ve said it all along: What community, what mayor wouldn’t want a project like this in their city?”

Hafen said.

In the end, however, Milam’s sweeping project existed only on paper.

No teams committed to his planned facilities; his main financier reportedly was a Chinese surveillanceequipment maker; and he settled the city’s lawsuit in March 2013, about six weeks after City Hall sued him, his attorneys, his public relations chief and consultant Ford.

According to the lawsuit, Milam repeatedly lied to Henderson officials about the viability of his project as a way to buy cheap public land and then sell for profit to other developers.

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rale nkotter, fr om page 1

‘What Happens Here, Stays Here’ campaign still resonates with people 13 years after its launch Recently, Ralenkotter sat down with VEGAS INC to discuss some of the most important developments in the Las Vegas business community over the past four decades, why he believes the convention center expansion is crucial for the community, and his passion for the Cincinnati Reds.

What does becoming a member of the Nevada Business Hall of Fame mean to you?

It’s an incredible honor and a humbling experience to be inducted into the UNLV Lee School of Business Hall of Fame and be included on a list with prominent names that have made such a great impact on our community. I have been blessed to be able to work in not only the greatest city in the world, but also to do so in the place I’ve called home for so long. For 43 years, I’ve had the great pleasure of promoting my favorite city to the world. I can honestly say that it never gets old, it never gets boring, and every day presents new opportunities to keep Las Vegas top of mind as a leading travel destination.

What was your inspiration for developing the first statisticsbased analysis of the Las Vegas tourism economy? How has it helped Las Vegas?

Everything we do at the LVCVA starts with research. In 1973, I was hired to develop the LVCVA’s research department. Research helps to keep us ahead of the curve so we can respond to visitors’ needs.

One of the great successes to come from this process is the “What Happens Here, Stays Here” advertising campaign. The LVCVA launched the campaign in 2003 in conjunction with our advertising agency, R&R Partners. Since that time, the campaign has received dozens of awards and is considered the most successful destination marketing campaign in history.

The LVCVA constantly tests the campaign to see if the concept still resonates with our target audiences, and it does. In fact, WHHSH has recently taken on new forms. Just last month, the LVCVA unveiled a limited edition #WHHSH Beer during one of the nation’s largest music and arts festivals in Palm Springs. Creative concepts

“For 43 years, I’ve had the great pleasure of promoting my favorite city to the world. I can honestly say that it never gets old, it never gets boring, and every day presents new opportunities to keep Las Vegas top of mind as a leading travel destination.”

— Rossi Ralenkotter

like #WHHSH Beer allow Las Vegas to extend its appeal beyond travel and tourism and engage people in a way that no other destination does.

What do you consider some of the most important developments in the Las Vegas business community over the past 40 years?

The greatest strength we have in Southern Nevada is the commitment, creativity and drive of the people we have working in and around the tourism industry. The tourism industry pumps $52 billion into Southern Nevada’s economy and supports 368,000 local jobs. Recognizing the impact of tourism on Southern Nevada’s livelihood, Las Vegas evolved in how it hosts people, making customer service a top priority. The destination has transformed over the years from a weekend gaming getaway into a world-class travel and convention destination with top-notch amenities.

The entrepreneurial spirit of the hotel owners and corporations that led to the development of the tourism industry continues to drive Las Vegas to evolve, grow and adapt to the wants and needs of the traveling public. Even during the hardest economic downturn, there was growth and innovation in the destination. New resorts and attractions opened, and when things started to look up, Las Vegas had a whole list of new options to experience. Las Vegas continues to reinvent itself, providing new reasons for people to visit the destination and experience everything it has to offer.

Why is the convention center expansion so important?

Las Vegas is one of the most tourism-dependent cities in the country, and we have to make sure the industry continues to grow and innovate to

maintain our economy. The meetings industry is a vital part of Las Vegas’ overall visitation, supporting nearly 66,500 jobs and generating an estimated $9.3 billion in local economic impact. Convention and meeting attendees are critical to the destination’s overall economy, occupying rooms midweek when leisure visitors are traditionally not there. Business travelers also tend to stay longer and spend more, so it’s vital to focus on attracting more meetings and conventions.

Las Vegas has been named the No. 1 trade-show destination for the 22nd consecutive year, according to the Trade Show News Network. Our clients have told us they need more space to ensure their success, and we need to address our clients’ needs. To hold our place as the No. 1 trade-show destination, the LVCVA is moving forward with plans for the Las Vegas Convention Center District. The demolition of the Riviera is underway, and we are a step closer in the process to expand and renovate the existing convention center.

Who have been your biggest influences?

My parents gave me guidance and direction to work hard, be honest and stay true to my word. They also provided me with the opportunity to receive a great education. I also am forever grateful to a number of tremendous leaders who have shaped me over the years, including Paul Titus, who gave me my first chance at the LVCVA, and Manny Cortez, who showed me the ropes in leading the organization and provided valuable insights into the business and political communities of Las Vegas. Billy Vassiliadis and Sig Rogich have been instrumental in mentoring me about brand marketing strategies, particularly during crucial times like 9/11.

How did you become a fan of the Cincinnati Reds?

I was born and spent my early years in Kentucky just across the river from Cincinnati, and developed my love for all the Cincinnati teams.

What was your favorite Reds moment?

Sweeping the 1976 World Series from the New York Yankees.

What has been your proudest moment in business?

After spending more than four decades promoting a city that’s constantly changing and evolving, it’s nearly impossible to single out one moment.

Some big highlights for me include watching Las Vegas welcome major events like the Wrangler National Finals Rodeo, Las Vegas Bowl, NASCAR Weekend, the 2007 NBA AllStar Game and the Cincinnati Reds’ appearance at Big League Weekend.

These events attract big crowds, and the excitement generated by fans brings our city to life.

There’s always something new and exciting to see in Las Vegas, and there is a lot to look forward to in the future. On Oct. 19, all eyes will be on Las Vegas for the final 2016 presidential debate. UNLV partnered with the LVCVA to submit a bid to serve as one of four host cities for a debate. This is the first time a city and university have joined forces to attract a presidential debate. Highprofile events like the debate will help demonstrate that Las Vegas is not only a great place to visit, but a serious place to do business.

There also are more than $9 billion in projects planned or under construction in the next few years, including a 5,000-seat theater at the Monte Carlo, Wynn Paradise Park, Resorts World Las Vegas, Alon and Lucky Dragon.

What advice do you have for someone who’s considering starting or growing a business in Las Vegas?

Make sure you are doing something you love, and surround yourself with people with the same drive and passion as your own.

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Calendar of events tuesDAY, JUNE 14 Networking Breakfast Time: 7-9 a.m. Cost: $28 for Henderson Chamber members; $48 for nonmembers, $10 extra for walk-ins Location: Revere Golf Club, 2600 Hampton Road, Henderson Information: Call Donna at 702-565-8951 Mary Beth Hartleb of Prism Global Management Group will present “How the FLSA Changes Will Impact Your Business.”

Free digital breakfast Time: 9-11 a.m. Cost: Free Location: Embassy Suites, Chancellor Ballroom, 3600 Paradise Road, Las Vegas Information: Call 800-921-0208 Google executives Ben Tyson and Bob Uttenreuther will give a digital presentation on how to navigate the digital ecosystem and maximize potential online business.

Medical Development Time: 8-9:30 a.m. Cost: $15 for Urban Land Institute members; $25 for nonmembers Location: Roseman University, 11 Sunset Way, Henderson Information: Visit nevada.uli.org Join Urban Land Institute Nevada and Roseman University for a panel presentation on medical development.

WEDNESDAY, JUNE 15 Business Expo 2016 Time: 11 a.m.-5 p.m. Cost: $10 with submission of a business card Location: Cashman Center, 850 Las Vegas Blvd.

North, Las Vegas Information: Call 702-586-3843 Boost your brand and expand your network at the Las Vegas Metro Chamber’s annual trade show and networking event.

The Social Register’s networking event

Time: 6-8 p.m. Cost: Free for Social Register members; $20 for nonmembers Location: No Regrets Bar, 8349 W. Sunset Road, Suite 150, Las Vegas Information: Call Mary at 702-256-0123 Network with executives and professionals.

The Social Register includes doctors, attorneys, small-business owners and others.

BBB community achievement award luncheon Time: 11:30 a.m.-1:30 p.m. Cost: $75 Location: The Joint at the Hard Rock Hotel, 4455 Paradise Road, Las Vegas Information: Visit bbb.org The Better Business Bureau of Southern Nevada will honor the Ultimate Fighting Championship. The award recipient and keynote speaker will be Ike Lawrence Epstein, chief operating officer of UFC. American Institute of Architects June meeting Time: 5:30-8:30 p.m. Cost: Free for AIA members; $30 for nonmembers Location: Westgate, 3000 Paradise Road, Las Vegas Information: Visit aialasvegas.org The topic will be “1971-1986: A City Growing Up.” Five architects will share their experiences during that significant period of growth in Las Vegas.

THURSDAY, JUNE 16 Las Vegas Perspective Time: 7:30-10:30 a.m. Cost: $95 Location: Four Seasons Hotel, 3960 Las Vegas Blvd. South, Las Vegas Information: Email veronicat@lvgea.org The Las Vegas Global Economic Alliance hosts this conference focused on “Economic Forecasting” and “Growth Through Gaming.” Jeremy Aguero will be the keynote speaker.

Prost June luncheon Time: 11:30 a.m.-1 p.m. Cost: $35 for Prost members; $40 for nonmembers Location: Lago in the Bellagio, 3600 Las Vegas Blvd. South, Las Vegas

Information: Visit prostlasvegas.com Enjoy a three-course meal while networking with professionals and executives in the travel and transportation industries.

LEED Platinum building tour and sustainable summer fundraiser Time: 5:30-7:30 p.m. Cost: $25 Location: Levi’s Distribution Center, 501 Executive Airport Drive, Henderson Information: Call 702-952-2468 The U.S. Green Building Council of Nevada will raise awareness about the green-building industry.

Roadmap to Success Time: 7:30-9:30 a.m. Cost: Free for Henderson Chamber members; $25 for nonmembers; $10 extra for walk-ins; RSVP by June 14 Location: Henderson Business Resource Center, 112 S. Water St., Henderson Information: Call Bill at 702-209-3967 David Dassow of Las Vegas Nevada Marketing Association Inc. will present “The Amazing Secrets to Networking in the Chamber.”

Effects of Medical Marijuana on Commercial Real Estate Time: 11:30 a.m.-1:30 p.m. Cost: $35 for NAIOP members; $50 for nonmembers; RSVP by June 13 Location: Orleans, 4500 W. Tropicana Ave., Las Vegas Information: Visit naiopnvevents.org Panelists will discuss how medical marijuana has changed the commercial real estate market.

SATURDAY, JUNE 18 Clark County Medical Society presidential installation dinner and awards ceremony Time: 6 p.m. Cost: $110 Location: Westgate, 3000 Paradise Road, Las Vegas Information: Call 702-739-9989 Network with medical professionals while honoring incoming President Souzan El-Eid, MC FACS, and the 2016-17 board of trustees.

Conventions

expected Show Location Dates attendance

National Association of Credit Management Credit Congress and Expo

Caesars Palace

June 12-15

1,500

World Tea Expo

Las Vegas Convention Center

June 15-17

7,500

Institute of Management Accountants Annual Conference and Exposition

Cosmopolitan of Las Vegas

June 18-22

800

Amazing Las Vegas Comic Convention

Las Vegas Convention Center

June 17-19

30,000

IEEE Computer Society - Computer Vision Pattern Recognition Group

Caesars Palace

June 18-24

2,000

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VEGAS INC

june 12-June 18

the data Send your business-related information to news@vegasinc.com

Records and Transactions Bankruptcies Chapter 7 TDC Inc. dba Brownies A OK Appliance 6465 Scotch Pine Circle Las Vegas, NV 89146 Attorney: David Mincin at dmin cin@minicinlaw.com R&D Technologies LLC 1110 Palms Airport Drive, Suite 110 Las Vegas, NV 89101 Attorney: Christopher Patrick Burke at atty@cburke.lvcoxmail.com

Chapter 11 MVP Trans Inc. 4460 W. Hacienda Ave., Suite 204 Las Vegas, NV 89118 Attorney: Seth D. Ballstaedt at seth@ballstaedtlaw.com

Bid Opportunities June 17 2:15 p.m.

Traffic signal system at Buffalo Drive and Mountains Edge Parkway Clark County, 604064 Tom Boldt at tboldt@clarkcoun tynv.gov 3 p.m.

Pediatric and adolescent sexual abuse examinations Clark County, 604103 Sherry Wimmer at sherryw@ clarkcountynv.gov

BUSINESS LICENSES Bella Mia License type: Pastry shop Address: 40 Costa Di Lago, Suite 130, Henderson Owner: Skycream LLC Big O Tires License type: Tire retailer Address: 828 S. Boulder Highway, Henderson Owner: Western Automotive Group LLC Bing Lian Shi License type: Independent massage therapist Address: 1690 W. Sunset Road, Suite 102, Henderson Owner: Bing Lian Shi Bird’s Eye Cleaning Service License type: Janitorial service Address: 5033 Cayman Beach St., North Las Vegas Owner: Bird’s Eye Cleaning Service LLC Bjarne Andersen License type: Real estate Address: 5550 Painted Mirage Road, Suite 140, Las Vegas Owner: Bjarne Andersen

Black Dragon LLC License type: General retail sales Address: Did not disclose Owner: Ricky Batts Blazin’ Paddles LLC License type: Kayak tour operator Address: 911 American Pacific Drive, Suite 120, Henderson Owner: Blazin’ Paddles LLC BLMC LLC License type: Apartment house Address: 4056 Silver Dollar Ave., Suites 4072, 4088, 4104, 4120 and 4136, Las Vegas Owner: Guillermo Rangel Bloss Bar & Events Consulting License type: Event planning Address: 520 Fremont St., Las Vegas Owner: Bloss Bar & Event Consulting LLC Bonneville Real Estate Capital License type: Professional services Address: 5550 Painted Mirage Road, Suite 250, Las Vegas Owner: Bonneville Mortgage Co. Bronze Cafe at The Market License type: Restaurant Address: 611 Fremont St., Las Vegas Owner: RSTLNE LLC C&M Auto License type: Automotive parts/ service Address: 4408 Misty Breeze Circle, North Las Vegas Owner: Candy Mitchell Canary Island Pool Service License type: Property maintenance Address: 565 Via Balizan Ave., Las Vegas Owner: James Jalani

Cody Moore License type: Real estate Address: 777 N. Rainbow Blvd., Las Vegas Owner: Cody Moore Colleen McDonald License type: Real estate Address: 2117 Alta Drive, Las Vegas Owner: Colleen McDonald Crowne Dental License type: Dental office Address: 8390 W. Sahara Ave., Suite 110, Las Vegas Owner: Truvella Reese, DMD LLC CWNevada LLC License type: Medical marijuana cultivation Address: 9680 Oakridge Ave., Las Vegas Owner: Richard Gordon Danielson Handyman License type: Property maintenance Address: 825 Apache Lane, Las Vegas Owner: Daniel Hernandez and Sandra Garcia Darryl Braswell License type: Real estate Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: Darryl Braswell David Carroll License type: Real estate Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: David Carroll Divine Cafe License type: Restaurant Address: 770 Las Vegas Blvd. North, Las Vegas Owner: Ynie LLC

Cannadocs License type: Management or consulting service Address: 827 Las Vegas Blvd.

South, Suite A, Las Vegas Owner: Trim Ready Inc.

Divine Threading & Lash Studio License type: Salon Address: 35 E. Horizon Ridge Parkway, Suite 180, Henderson Owner: Saiarpan LLC

Casey Jade Photography License type: Photography Address: 860 Woodtack Cove Way, Henderson Owner: Casey Levine

Draft House Barn & Casino License type: Tavern Address: 4543 N. Rancho Drive, Las Vegas Owner: Inc. Double Dogs

Cassidy Cotten License type: Real estate Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Cassidy Cotten

Eaglelift Inc. License type: Contractor Address: 3065 N. Rancho Drive, Suite 138, Las Vegas Owner: Donald Moody and Barbara Moody

CJ’s Vegas License type: Professional promoter Address: Did not disclose Owner: CJ’s Way Enterprises Inc. Club 2100 License type: Automated teller operator Address: 2100 Fremont St., Las Vegas Owner: JLFL Entertainment LLC

EagleOnePromotions.com License type: Business consultant Address: 3355 Clayton St., North Las Vegas Owner: Did not disclose El Granero Ice Cream License type: Ice cream truck Address: 2850 E. Charleston Blvd., Las Vegas

Owner: Antonio Duran Duran

Owner: Five Star Gaming Inc.

Eliana’s Kids Wear Clothing License type: General retail sales Address: 4530 E. Charleston Blvd., Suite F7, Las Vegas Owner: Cindy Granados

Focus Cleaning Handyman License type: Residential property maintenance Address: 5272 Bobbie Jo Lane, Apt. A, Las Vegas Owner: Hector Leal

Elite Cleaning Group Inc. License type: Property maintenance Address: 222 S. Rainbow Blvd., Suite 201, Las Vegas Owner: Elite Cleaning Group Inc. Eric Hudson License type: Real estate Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Eric Wesley Hudson Evangeline Drake License type: Real estate Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Evangeline Drake Evergreen Edibles License type: Interjurisdictional business Address: 3480 W. Hacienda Ave., Las Vegas Owner: 3480 Hacienda Partners LLC Evergreen Organix License type: Interjurisdictional business Address: 3480 W. Hacienda Ave., Las Vegas Owner: NV 3480 Partners LLC Express Check Cashing License type: Nondepository lender Address: 4300 E. Charleston Blvd., Suite 100, Las Vegas Owner: LOI Nevada LLC Filler Up Financial Services License type: Automated teller operator Address: 808 W. Lake Mead Blvd., Las Vegas Owner: Filler-Up ATM Services LLC Fine Interiors and Painting of Las Vegas LLC License type: Contractor Address: Did not disclose Owner: Claudia O’Leary and Brian O’Leary First Choice Movers License type: Miscellaneous sales/ service Address: 3508 Bryan Keith Ave., North Las Vegas Owner: First Choice Movers LLC Five Guys Burgers & Fries License type: Restaurant Address: 7290 W. Lake Mead Blvd., Suite 120, Las Vegas Owner: RMR 5 Nevada LLC Five Star Tavern License type: Automated teller operator Address: 2425 N. Rainbow Blvd., Las Vegas

Forsberg, Stuart License type: ATM service Address: 1728 Chevrus Court, Henderson Owner: Stuart Forsberg Full Pool Services License type: Property maintenance Address: 4680 S. Eastern Ave., Suite A, Las Vegas Owner: JLucky Corp.

Funnys II License type: Automated teller operator Address: 3550 N. Rancho Drive, Las Vegas Owner: Funston Family Limited Partnership Gabriel Garcia License type: Real estate Address: 1127 S. Rancho Drive, Las Vegas Owner: Gabriel Garcia Goauto Insurance License type: Insurance Address: 1601 W. Warm Springs Road, Suite 120, Henderson Owner: Goauto Management Services LLC Gonzalez Painting License type: Handyman/maintenance services Address: 1833 Bright Leaf Court, North Las Vegas Owner: Jose Gonzalez Good Neighbor Handyman License type: Property maintenance Address: 6931 N. Pioneer Way, Las Vegas Owner: Earl Console Greek Delights License type: Restaurant Address: 4181 Pioneer Ave., Las Vegas Owner: It’s Greek to Me LLC H & B Cleaning Crew LLC License type: Repair and maintenance Address: 2942 Rain Lily Court, Las Vegas Owner: Erminda Bueno H. Darlene Holmes License type: Real estate Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: H. Darlene Holmes H. Sima Madaryan License type: Real estate Address: 7942 W. Sahara Ave., Las Vegas

19

VEGAS INC

the data

June 12-June 18

Send your business-related information to news@vegasinc.com

Records and Transactions Owner: H.S. Madaryan Happy Tails Dog Walking and InHome Pet Care License type: Pet care Address: 10226 Sourwood Ave., Las Vegas Owner: Janice Busche Havana Sisters Cigars LLC License type: Tobacco sales Address: 2575 W. Horizon Ridge Parkway, Suite 911, Henderson Owner: Havana Sisters Cigars LLC Honey Juice License type: Restaurant Address: 821 N. Lamb Blvd., Suite 8, Las Vegas Owner: Maria Benitez-Rodriguez Horizon Ridge Ace Hardware License type: Hardware sales Address: 1450 W. Horizon Ridge Parkway, Suite 420, Henderson Owner: Hoffman Investment Corp.

BUILDING PERMITS $1,696,400, commercial building remodel 2460 Paseo Verde Parkway, Suite 145, Henderson Henderson Covenant Group LLC $1,625,950, hotel low/mid-rise complete 1741 N Boulder Highway, Henderson Marsh Jim American Corp. $1,540,401, apartment buildingproduction 2950 N Green Valley Parkway, Henderson Picerne Green Valley Parkway LLC $1,250,000, commercial 2300 S. Rancho Drive, Las Vegas Affordable Concepts Inc. $655,000, tenant improvement 400 S. Fourth St., Suite 600, Las Vegas Nevada General Construction $600,000, commercial 1735 Village Center Circle, Las Vegas Affordable Concepts Inc. $470,992, residential-completecustom 1210 MacDonald Ranch Drive, Henderson Ventana Beaumont Inc.

4660 Berg St., North Las Vegas Martin-Harris Construction LLC

714 Tidal Flats St., Henderson KB Home LV Pearl Creek LLC

$275,000, tenant improvement 10 E. Charleston Blvd., Las Vegas E Tech Construction & Dev Inc.

$183,095, residential-completeproduction 936 Silverbell Ridge St., Henderson Greystone Nevada LLC

$155,980, attached residence complete-model 1232 Starview Peak Court, Henderson VU LLC

$180,562, single-family tract x2 9982 and 9990 Shadow Landing Ave., Las Vegas Pulte Homes of Nevada

$154,151, residential-completeproduction 129 Strone St., Henderson DR Horton Inc.

$180,562, single-family tract 9969 Celestial Cliffs Ave., Las Vegas Pulte Homes of Nevada

$154,092, single-family tract 10563 Pelican Island Ave., Las Vegas Richmond American Homes of Nevada

$275,000, tenant improvement 6850 N. Durango Drive, Las Vegas Quality Construction LLC $254,404, residential-completeproduction 1136 Sparta Crest St., Henderson Greystone Nevada LLC $250,073, single-family tract 9760 Arch Canyon Court, Las Vegas Greystone Nevada LLC $250,000, single-family dwelling 2130 Bernadine Court, Las Vegas Stalnaker Lindsey $250,000, tenant improvement 7060 N. Durango Drive, Suite 130, Las Vegas Boyd Martin Construction LLC $229,563, residential-completeproduction 934 Silverbell Ridge St., Henderson Greystone Nevada LLC $214,757, residential-completeproduction 265 Punto Di Vista, Henderson Greystone Nevada LLC $213,930, single-family tract 5748 Yellow Ridge Ave., Las Vegas Century Communities of Nevada $208,432, single-family tract x2 9770 and 9780 Arch Canyon Court, Las Vegas Greystone Nevada LLC $200,839, residential-completeproduction 2142 County Down Lane, Henderson Toll Henderson LLC $197,800, on site 4140 Frehner Road, North Las Vegas Reliant Construction LLC $196,015, residential-completeproduction 930 Silverbell Ridge St., Henderson Greystone Nevada LLC $194,401, single-family tract 8020 Majestic Bighorn St., Las Vegas Woodside Homes of Nevada LLC

$179,693, single-family tract x2 5524 and 5531 Bruin Lakes Ave., Las Vegas Richmond American Homes of Nevada $179,693, single-family tract 8841 Saxon Canyon St., Las Vegas Richmond American Homes of Nevada $179,693, single-family tract 6828 Dayton Flyer St., Las Vegas Richmond American Homes of Nevada $176,485, single-family tract 9729 Blistering Sun Ave., Las Vegas Richmond American Homes of Nevada $173,669, attached residence complete-model 1237 Starview Peak Court, Henderson VU LLC $171,070, single-family tract 9150 Irish Elk Ave., Las Vegas DR Horton Inc. $169,621, residential-completeproduction 2183 Valdina St., Henderson KB Home Inspirada LLC $168,721, single-family tract 359 Pollino Peaks St., Las Vegas Ryland Homes $168,721, single-family tract 371 Calabria Ridge St., Las Vegas Ryland Homes $165,241, residential-completeproduction 133 Strone St., Henderson DR Horton Inc.

$376,000, tenant improvement 6408 N. Durango Drive, Suite B110, Las Vegas Nigro Construction Inc.

$192,411, residential-completeproduction 1140 Sparta Crest St., Henderson Greystone Nevada LLC

$161,248, residential-completeproduction x2 814 and 818 Via De Santa Maria, Henderson Greystone Nevada LLC

$332,209, commercial building remodel 695 S. Green Valley Parkway, Henderson Target Corp.

$192,300, residential-completeproduction 932 Silverbell Ridge St., Henderson Greystone Nevada LLC

$160,949, single-family tract x2 9138 and 9156 Irish Elk Ave., Las Vegas DR Horton Inc.

$186,367, residential-completeproduction

$156,600, commercial-alteration 6315 Losee Road, North Las Vegas

$328,389, commercial-alteration

Great Lakes Construction Inc.

$153,031, single-family tract 9958 Celestial Cliffs Ave., Las Vegas Pulte Homes of Nevada $152,040, single-family tract 9162 Irish Elk Ave., Las Vegas DR Horton Inc. $150,713, attached residence complete-model 1233 Starview Peak Court, Henderson VU LLC $148,453, commercial-alteration 2808 Synergy St., North Las Vegas Hospitality Renovation Service $146,998, residential-new 4449 Hatch Bend Ave., North Las Vegas KB Home Nevada Inc. $144,946, attached residence complete-model 1236 Starview Peak Court, Henderson VU LLC $143,185, single-family tract 5783 Sunset River Ave., Las Vegas Century Communities Of Nevada $142,483, single-family tract 10429 Mount Washington Ave., Las Vegas Ryland Homes $141,734, single-family tract 6525 Dunns River St., Las Vegas Richmond American Homes of Nevada

$140,170, single-family tract 8387 Canyon Crevasse St., Las Vegas Pulte Homes of Nevada $139,839, single-family tract 9144 Irish Elk Ave., Las Vegas DR Horton Inc. $138,815, single-family tract 7430 Zonal Ave., Las Vegas Richmond American Homes of Nevada $138,306, single-family tract 9713 Yellow Shadow Ave., Las Vegas Richmond American Homes of Nevada $138,306, single-family tract 9515 Harlan Hills Court, Las Vegas Richmond American Homes of Nevada $138,306, single-family tract 6833 Cold Desert St., Las Vegas Richmond American Homes of Nevada $136,906, residential-completeproduction x2 969 and 977 Spiracle Ave., Henderson KB Home LV Pearl Creek LLC $134,909, residential-completeproduction x2 2541 and 2557 Sable Ridge St., Henderson Pardee Homes of Nevada $133,357, apartment buildingproduction x4 2950 N. Green Valley Parkway, Henderson Picerne Green Valley Pkwy LLC $132,796, single-family tract 11878 Corenzio Ave., Las Vegas Pulte Homes of Nevada $132,788, residential-new x3 1228, 1236 and 1237 Becket Hollow Court, North Las Vegas Pardee Homes of Nevada $130,751, residential building complete-model 3084 Amoruccio Court, Henderson Toll Henderson LLC

$141,657, single-family tract 9958 Rams Leap Ave., Las Vegas Woodside Homes of Nevada LLC

$129,458, residential-new 1233 Becket Hollow Court, North Las Vegas Pardee Homes of Nevada

$140,843, residential-completeproduction 938 Silverbell Ridge St., Henderson Greystone Nevada LLC

$126,204, residential-completeproduction 3091 Lucentezza Ave., Henderson Toll Henderson LLC

$140,843, residential-completeproduction 993 and 995 Fairway Hill St., Henderson Greystone Nevada LLC

To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/sub scribe.

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22

VEGAS INC

your Business-to-business news

june 12-June 18

Send your business-related information to news@vegasinc.com

The List

Category: Accounting firms (Ranked by number of professional staff as of May 31)

Year established locally

Total local professional Total number staff of local CPAs

Areas of practice

Top executive

Deloitte LLP 3883 Howard Hughes Parkway, Suite 400 Las Vegas, NV 89169 702-893-3100 • deloitte.com

1968

196

81

assurance and audit

Christopher Griffin, managing partner

2a

Ernst & Young LLP 3800 Howard Hughes Parkway, Suite 1450 Las Vegas, NV 89169 702-267-9000 • ey.com

2004

60

20

gaming, real estate, hospitality

Ryan Cupersmith, managing partner

2b

RSM US LLP 300 S. Fourth St., Suite 1200 Las Vegas, NV 89101 702-759-4000 • www.rsmus.com

1953

60

22

audit, tax, consulting

William Wells, office managing partner

4

BDO USA LLP 6671 Las Vegas Blvd. South, Suite 200 Las Vegas, NV 89119 702-784-0000 • bdo.com

2007

50

12

assurance, tax and consulting

Bill Powell, office managing partner

5

PricewaterhouseCoopers LLP 3800 Howard Hughes Parkway, Suite 650 Las Vegas, NV 89169 702-691-5400 • pwc.com

1990

45

15

assurance, advisory, tax

Frederick Hipwell, office managing partner

6

Stewart Archibald & Barney 7881 W. Charleston Blvd., Suite 250 Las Vegas, NV 89117 702-579-7000 • sabcpa.com

1972

43

20

tax, audit and accounting, consulting

Robert Worthen, CEO

7a

Gerety & Associates CPAs 6817 S. Eastern Ave., Suite 101 Las Vegas, NV 89119 702-933-2213 • geretycpa.com

2004

22

11

estate and trust planning, tax return preparation, consulting

Daniel Gerety, president

7b

Ovist & Howard CPAs 7 Commerce Center Drive Henderson, NV 89014 702-456-1300 • ohcpas.net

1981

22

11

construction, homeowners, small business

Francis Howard, managing partner

Fair, Anderson and Langerman 3065 South Jones Blvd., Suite 100 Las Vegas, NV 89146 702-870-7999 • falcpa.com

1988

20

12

audit and accounting, tax consulting and compliance, business advisement

Curt Anderson, CEO

Bradshaw, Smith & Co. LLP 5851 W. Charleston Blvd.

Las Vegas, NV 89146 702-878-9788 • bradshawsmith.com

1976

18

13

audit, tax compliance and litigation support

Douglas S. Winters, managing partner

Firm

1

9 10

Source: VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC lists, omissions sometimes occur. Please send corrections or additions on company letterhead to Craig Peterson, editor of special publications, VEGAS INC, 2275 Corporate Circle, Third Floor, Henderson, NV 89074.

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23

VEGAS INC

your Business-to-business news

June 12-June 18

Send your business-related information to news@vegasinc.com

The List 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Category: publicly reporting companies (Ranked by revenue for the most recently completed fiscal year)

Company

Revenue

Net income (loss)*

Total assets

Year est.

Top executive

Las Vegas Sands Corp.

3355 Las Vegas Blvd. South Las Vegas, NV 89109 702-414-1000 • sands.com

$12.4 billion

$2 billion

$21 billion

1990

Sheldon Adelson, chairman, CEO

MGM Resorts International 3600 Las Vegas Blvd. South Las Vegas, NV 89109 702-693-7120 • mgmresorts.com

$9.2 billion

($448 million)

$25.2 billion

1986

James J. Murren, chairman, CEO

Caesars Entertainment Corp.

One Caesars Palace Drive Las Vegas, NV 89109 702-407-6000 • caesars.com

$4.7 billion

$6 billion

$12.1 billion

1999

Gary Loveman, chairman; Mark Frissora, CEO and president

Wynn Resorts Ltd. 3131 Las Vegas Blvd. South Las Vegas, NV 89109 702-770-7555 • wynnresorts.com

$4 billion

$195 million

$10.5 billion

2005

Steve Wynn, chairman, CEO

Scientific Games Corp.

6650 S. El Camino Road Las Vegas, NV 89118 702-897-7150 • scientificgames.com

$2.8 billion

($1.4 billion)

$7.7 billion

1989

M. Gavin Isaacs, president, CEO

Southwest Gas Corp.

5241 Spring Mountain Road PO Box 98510 Las Vegas, NV 89193 702-876-7237 • swgas.com

$2.5 billion

$1.1 million

$5.4 billion

1954

John P. Hester, president, CEO

Pinnacle Entertainment Inc. 3980 Howard Hughes Parkway Las Vegas, NV 89169 702-541-7777 • pnkinc.com

$2.3 billion

$48.9 million

$4.5 billion

1997

Anthony Sanfilippo, CEO

Boyd Gaming Corp.

3883 Howard Hughes Parkway, 9th Floor Las Vegas, NV 89169 702-792-7200 • boydgaming.com

$2.2 billion

$47 million

$4.4 billion

1974

William S. Boyd, executive chairman

Station Casinos LLC 1505 S. Pavilion Center Drive Las Vegas, NV 89135 702-495-3000 • sclv.com

$1.4 billion

$5.6 million

$2.9 billion

1976

Frank Fertitta III, manager, CEO

Allegiant Travel Co. 1201 N. Town Center Drive Las Vegas, NV 89144 702-851-7300 • allegiantair.com

$1.3 billion

$220 million

$1.4 billion

1997

Maurice Gallagher Jr., CEO, director

Global Cash Access Holdings Inc. 7250 S. Tenaya Way, Suite 100 Las Vegas, NV 89113 1-800-833-7110 • gcainc.com

$827 million

($105 million)

$1.6 billion

1998

Michael Rumbolz, interim president, CEO

Tropicana Entertainment Inc. 8345 W. Sunset Road, Suite 200 Las Vegas, NV 89113 702-589-3900 • tropicanacasinos.com

$811 million

$37.4 million

$1.3 billion

2007

Anthony Rodio, president, CEO

Affinity Gaming 3755 Breakthrough Way, Suite 300 Las Vegas, NV 89135 702-341-2400 • affinitygamingllc.com

$393 million

($13.1 million)

$603.7 million

1987

Michael Silberling, CEO

American Casino & Entertainment Properties LLC 2000 Las Vegas Blvd. South Las Vegas, NV 89104 702-380-7777 • acepllc.com

$373 million

$12 million

$1.2 billion

2003

Frank Riolo, CEO

Golden Entertainment Inc. 6595 S. Jones Blvd.

Las Vegas, NV 89118 702-893-7777 • goldenent.com

$186 million

$25 million

$379 million

2015

Blake Sartini, president, CEO

*Net income (loss) is, in applicable cases, less that attributable to noncontrolling interests Source: Filings with the Securities and Exchange Commission and VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC lists, omissions sometimes occur. Please send corrections or additions on company letterhead to Craig Peterson, editor of special publications, VEGAS INC, 2275 Corporate Circle, Third Floor, Henderson, NV 89074.

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