VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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the basics Pick 'Em Get smart Power tweets Power Lunch The Numbers Sin City Media Chatter We hear Executive class Read this! The Pitch is back 4 Overheard talking points Done Deal the numbers Smith's world .com Buy high Sell low VEGASINCmag YOUR AD HERE Mike Smith is an award-winning editorial cartoonist featured daily in the Las Vegas Sun. Smith's work also is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld. NOW SERVING 95 The number of service windows added to the Primm Valley$ Lotto Store. The windows, along with two self-service machines, were installed to expedite service for Nevadans who flock to the store on the California border to buy lottery tickets. LAS VEGAS Vegas then ? ? ? ? ? ! The innovator VEGASinc2021 Gate keeper American dream FortuneCookie Grilled Moonlighting The Survivor $300,000 The amount of money a player needs to gamble in the Bellagio's Villa Privé. The resort opened the private high-end gaming room in February. It offers baccarat, blackjack, roulette, craps and slots, if requested. $25.2 million The amount Dr. Rajesh C. Shrotriya earned last year in compensation, including salary, bonus, stock awards, options and benefits, according to the Securities and Exchange Commission. Shrotriya made his money running Spectrum Pharmaceuticals, a Henderson drug company. He earned more than all of Nevada's casino moguls. $17.7 million The amount Steve Wynn earned in 2012, according to the Securities and Exchange Commission. Wynn's total compensation included a $4 million base salary, $2 million bonus, $10 million incentive payout and $1.7 million in other compensation. We want to hear from you. Visit vegasinc.com to post your opinion. 2 McCarran International Airport's ranking in a list of the best airports for "hooking up," compiled by the niche dating site MeetAtTheAirport.com. Los Angeles International Airport finished in the top spot, while Reno-Tahoe International Airport took third place. $4.5 million Christopher D e Vargas The cost of the damage done to the vacant Key Largo casino, which was gutted by a fire March 28. The casino closed in 2005 and was supposed to be the site for a condominium tower that never came to fruition. Clark County ordered that the casino be demolished by the end of the month. 20 20130408_VI20_F.indd 20 Reader comments On Paul Takahashi's March 27 lasvegassun.com story about UNLV cutting ties with Majestic Realty on the proposed UNLV Now stadium project ("'Perfect arrangement' falls apart; Majestic out as partner on UNLV Now project"): That should do it. While it seemed like a nice project, the costs have skyrocketed. It is just way too much to spend with no professional anchor tenant and what would likely be a tough calendar to fill. No soccer (because of the turf), big concerts are fading to smaller venues that MGM wants to build, a football program that simply will not draw 60K, and you don't have much more than the rodeo and maybe a Final Four. Once MGM withdrew from the project citing the costs, I think the project was doomed. — TomD1228 How much money has been spent already on architect fees, planning, research and other costs? If you don't have AEG behind you, like the Sprint Center has in Kansas City, Mo., you would have a hard time filling it. — dlharris On Eli's Segall's March 27 vegasinc.com story about developer Rich Crighton trying to sell the unfinished Vantage Lofts condos ("Unfinished Henderson condo project Vantage Lofts up for sale again"): Crighton bought this for pennies on the dollar, and he's looking to clear his plate and make a few dollars at the same time. Prices are rising across the valley, and demand is high, so this is a good time to soft-shop it. — James P. Reza Finally a bright idea. Rent out the sorry eyesore after finishing it. Vantage is being surrounded with new homes with the same view, and you would have to be daffy to buy a condo for as much as a new house. — Robert Duncan (doogie) On Richard N. Velotta's March 28 vegasinc.com story about the Transport Workers Union telling Southwest Airlines passengers service may waiver if the company hires outsourced labor ("Union warns passengers about Southwest's outsourcing plans"): A union offers some great protections to employees, but sometimes they become more interested in making money for the union leaders than taking care of the little guy that they are supposed to help. — David Gelineau On Richard N. Velotta's March 29 vegasinc.com story about the Cosmopolitan's most recent earnings report ("Cosmopolitan owner posts net loss but says it's on 'right trajectory' "): The Cosmo's management is painting a rosy picture. They need to renovate the casino floor to make it more accessible to the public and have a reason for going there. I walked through, and I wasn't impressed. — Gerald Taylor (walleye117) | 8 APRIL 2013 | 4/4/13 2:36:47 PM