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In business city government CSN to begin offering classes inside las vegas city hall By Conor Shine staff writer The College of Southern Nevada will set up an office at Las Vegas City Hall to provide training to city employees and other residents after the city council approved a lease agreement last month. The issue: The council considered whether to approve leasing 9,800 square gaming station casinos in the black despite difficult fourth quarter By Richard N. Velotta senior staff writer Station Casinos LLC endured a sluggish fourth quarter to complete 2012 in the black, the company announced last month. The company, which owns 16 Southern Nevada gaming operations, reported in a conference call that it will focus on its tribal casino contracts in Michigan and California and its recently acquired majority stake in Fertitta Interactive, an online poker operation, while the Las Vegas Valley gets healthier economically. In a filing with the Securities and Exchange Commission, the company reported a fourth-quarter net loss of $7.9 million on net revenue of $303.1 million for the quarter that ended Dec. 31. That compares with a net loss of $4.2 million on revenue of $303.5 million for the same quarter a year earlier. For 2012, Station showed net income of $13.3 million, compared with a loss of $40.8 million in 2011. Executives attributed the fourthquarter lull to uncertainties associated with the election and December's fiscal cliff issue. Marc Falcone, chief financial officer of Station, said the company is encouraged by Southern Nevada's gradual economic recovery, citing an 18-month reduction in unemployment rates, a positive outlook delivered by a number of major capital projects in Southern Nevada and a population base that is continuing to grow — and spend. Falcone said year-over-year visitation and spend per visit are up at local properties. While the company is anticipating slow growth in Southern Nevada over the next few years, much of Station's efforts are being focused on tribal operations the company manages. | 8 APRIL 2013 20130408_VI13_F.indd 13 | feet on the third floor of city hall. The vote: Approved unanimously. What it means: Twenty employees from the college's Division of Workforce and Economic Development will set up shop at city hall. The staff will develop job training and academic programs for city employees and residents and is expected to begin offering noncredit classes in the fall semester. The staff will also offer consulting services to businesses and develop workforce certificate programs for specific industries, with a special focus on the downtown area's needs. Councilwoman Lois Tarkanian called the partnership a great use of unoccupied space in city hall, which provides a central location for classes that's easily accessible from all parts of the city. The college will pay the city $60,000 per year under the terms of the fouryear lease. FORWARD TOGETHER #1 TM SBA 504 LENDER IN NEVADA - U.S. Small Business Administration • ComprehensiveFinancingCapabilities • LocalDecisionMaking • ASingleRelationshipManager • TreasuryManagementServices 2/13 702.248.4200 bankofnevada.com Bruce Hendricks Chief Executive Officer John Guedry President and Chief Operating Officer Bank of Nevada is an affiliate of Western Alliance Bancorporation 13 4/4/13 2:32:27 PM