VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: http://www.ifoldsflip.com/i/31693
IN BUSINESS VISITOR VOLUME IN MARCH INCREASED 5.6 PERCENT GOOD NEWS, FROM PAGE 11 March also was the 13th consecutive month of visitation increases—with a heavy emphasis on convention attendance growth. Convention numbers, analysts agree, are very important because typically those groups tend to spend a lot of money. The number of visitors increased from 3.22 million in March 2010 to 3.4 million in March 2011, a 5.6 percent increase. Convention attendance jumped by 10.3 percent. The ConExpo- Con/Agg tradeshow helped boost those numbers because about 125,000 people attended the conference. Caesars Entertainment, which operates Bally’s, Bill’s Gamblin’ Hall, Caesars Palace, Flamingo, Harrah’s, Imperial Palace, Paris, Planet Hollywood and Rio, noted a smaller first quarter loss than it had in the past. The company reported it lost $147.5 million in the quarter ending March 31. That’s compared with $195.6 million in the same quarter of 2010. Even though it posted a loss, revenue jumped 17.4 percent, thanks, in part, to the acquisition of Planet Hollywood in 2010. Visitation by the company’s rated players rose by 8.7 percent. Spending per player increased by 1 percent. How can you recognize a problem drinker in your workplace? SOME EXPECT PRICES WILL STILL SLIDE APRIL, FROM PAGE 11 higher than April 2010. In addition, officials attribute the decline to a combination of a late Easter, tax deadline and spring break. Sales picked up by the end of April, they said. “If current sales trends continue, nearly 30 percent of our inventory will have turned over by the end of this year and 35 percent by mid-2012,” association President Paul Bell said, adding the sales rate will lead prices to increase. Other analysts, however, said they expect prices to continue to decline and don’t foresee an increase coming soon. The association reported 51.9 percent of the existing homes sold in Southern Nevada in April were bought with cash. That’s up from 51.4 percent in March. In April, 23.8 percent of sales were short sales, in which banks agree to sell for less than is owed on mortgages. That’s up from 23.6 percent in March. Bank-owned homes accounted for 46.3 percent of sales, down from 47.6 percent in March. Sales of town homes and condominiums rose 8 percent from March to 1,277, but down 3.8 percent from April 2010. The median price of those units was $60,000, 1.6 percent lower than March and 14.3 percent lower than April 2010. The number of single-family homes listed for sales on the Multiple Listing Service was 22,443, up 1.2 percent from 22,184 at the end of March. The listings are 7.5 percent higher than April 2010. About 11,400 single-family homes are It starts with little things. A spotty appearance. Poor performance. Then comes the $2,000 water bill. Stop ignoring the obvious. Your sod landscaping has a drinking problem and it’s costing your business a bundle. Replace that sod with water-smart landscaping. Call 258-SAVE or visit snwa.com to learn how you can earn up to $1.50 for every square foot you convert. It’s a desert out there. Be 16 PM_71756.01_ref 070473.01_SNWA_WSLC Sodman Breakroom_Print_Vegas Inc_5/16_Island 7.08" x 9.25"_4C CD: RL_ AD: DV_GA: Dorcus 4.15.11; tom 4/26/11 loaded available without any offers on them. The GLVAR reported 4,875 new listings with the median price of $129,999, 1.5 percent lower than March. The GLVAR tracks sales of those listings on the MLS, which could include new homes. It covers Clark, Nye, Lincoln and White Pine counties. | 16 MAY 2011 |