VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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M A R C H 1 8 , 2 0 1 3 / Y O U R b u s i n e s s - t o - b u s i n e s s w e e k ly SPECIAL FOCUS SMALL BUSINESS This month, VEGAS INC highlights Southern Nevada's small business community. Who stands to gain from new megaresort By Richard N. Velotta and Eli Segall staff writers It didn't take long for the buzz to become a roar after the Genting Group announced plans earlier this month to develop Resorts World Las Vegas, a 3,500-room megaresort on the Las Vegas Strip. While most people welcomed the news of a new neighbor on the Strip, others weren't quite as enthusiastic. Here's a look at who stands to gain from the arrival of the new megaresort and who stands to lose: Steve marcus BRIGHT IDEA: Bob King, left, president and CEO of Design Concepts Inc., and Larry Stevens, vice president and COO, pose with lighting samples. The company recently was approved for a small business loan, which allowed the owners to buy a building and expand their facility. GETTING APPROVED Small business lending is trending upward in Southern Nevada, helping companies expand Las Vegas visitors A big part of the reason the city expanded so rapidly in the late 1980s through early 2000s was because tourists always had something new to see: The volcano at the Mirage; the pirate ship at Treasure Island; the fountains and conservatory at the Bellagio; the view from the Stratosphere. Now, after a lull, there will be a new draw. And that's certainly good news for tourists looking for a reason to come to Las Vegas. The North Strip Three closed or mothballed resorts see genting, page 15 By Richard N. Velotta senior staff writer INSIDE TODAY B usiness partners Bob King and Larry Stevens took their bright idea to the bank last fall. By the time they were done, the lighting salesmen were on track to expand their 13-year-old company. ΒΆ "We've been leasing space for the last 12 years," said King, president and CEO of Design Concepts Inc. (known locally as DCI), a sales representative for lighting manufacturers. see loans, page 13 HELP OR HINDER | P. 6 Will the flight attendants union's tactics hurt or help employees in the long run? MEMBERS ONLY | P. 7 Nevada's online gambling industry will be hard to crack for small companies THE LIST | P. 22 Commercial real estate brokerages Quality, Quick & Convenient Medical Care No appointments are needed and we accept most insurance plans. YOUR OCCUPATIONAL MEDICINE ONE-STOP VENUE. OFFERING ON-SITE LABS AND X-RAYS. ABLE TO CONSTRUCT AND CUSTOMIZE HEALTH INCENTIVE PROGRAMS FOR ANY SIZE BUSINESS/CORPORATION TO DIMINISH RISING HEALTH PLAN COSTS FOR EMPLOYERS. 655 S. Green Valley Parkway, Ste 100 | Henderson, NV 89052 | Open 7 days a week 7am to 7pm | 702-431-7337 | www.doctorsexpresslasvegas.com 20130318_VI01_F.indd 1 3/14/13 2:25:06 PM