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 Overheard talking points Done Deal the numbers Chatter Smith's world We hear .com YOUR AD HERE Buy high Sell low 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. $4.4 billion VEGASINCmag Executive class Read this! The Pitch is back Moonlighting NOW SERVING LAS VEGAS Vegas then ? ? ? ? ? ! The innovator 95 VEGASinc2021 Gate keeper American dream FortuneCookie Grilled The Survivor The amount of debt Caesars Entertainment is refinancing. The company secured a $3 billion loan with a $269.5 mil$ lion revolving credit line, which it plans to use to refinance its mortgage loan debt. Caesars had $23.5 billion in debt as of June 30. 763 The number of new homes sold in Southern Nevada last month, up 17 percent from a year ago, according to Home Builders Research. $70 million The listing price of Casa de Shenandoah, Wayne Newton's former home. The estate at South Pecos and East Sunset roads includes eight houses, dozens of horse stables, ponds, fountains and a private jet. 2nd Las Vegas' ranking among the top American cities for renters, according to Kiplinger. The average monthly rent in Las Vegas is $776, second lowest to rent in Raleigh, N.C., at $640 a month. $630 The minimum price of a room at the MGM Grand on Sept. 14, the night of the fight between Floyd Mayweather and Saul Canelo Alvarez. A room at the hotel on a typical Saturday costs $80. 20 The number of passenger vans SuperShuttle now operates in Las Vegas. The airport shuttle company debuted at McCarran International Airport on Sept. 12. Reader comments We want to hear from you. Visit vegasinc.com to post your opinion. On Eli Segall's Sept. 11 vegasinc.com story about Nevada's rising foreclosure rate ("Nevada's foreclosure rate back to highest in U.S., report says"): We have the most financially irresponsible people in the country here. We have the lowest savings rate in the country, the lowest average credit score and we're second from the bottom in terms of business failures. These things lead to elevated foreclosure rates. — Gerry Hagemen (zip1pert) On Ed Komenda's Sept. 13 vegasinc.com story about the Culinary Union threatening to strike ("Culinary Union warns of possible citywide strike"): Let them walk out. I am sure there are plenty of unemployed people out there willing to work. Unions do nothing but protect a lazy worker's job. — Nevadaforlife 22 STEVE MARCUS The number of flights Allegiant Air canceled Sept. 20 to inspect emergency slides on 30 of its airplanes. Most of the planes were ready to fly the next day. $347 million The amount Crescent Real Estate Holdings, a Wall Street investment firm, paid for the Hughes Center office park Sept. 20. | 30 SEPTEMBER 2013 20130930_VI19_F.indd 19 | Unions created the middle class in this country. If you have Saturday off, thank a labor union. If you have a living wage, thank a labor union. If you have ever received overtime pay, sick leave or a paid vacation, thank a labor union. People died in this struggle against employers so that working people can live a decent life. — Daniel M. Barber (Gramsci) Keep asking for more money and eventually the job will cost too much for the operation to be profitable. If wages surpass their fair market value, then the only step for the owner to take is to get rid of the job completely. — yolevyolev I've worked in Las Vegas for 13 years without a contract. I've never felt compelled to picket my employer. As a matter of fact, I'm grateful they risked significant capital, brutal government regulation and taxes to hire me, train me and allow me to excel. — xman2000 On Conor Shine's Sept. 12 lasvegassun.com story about a new marketing campaign from the Southern Nevada Water Authority ("Ain't that a kick in the groin? SNWA again airing controversial television ads"): I wonder how this ad would go over if it were an elderly man and he punched a young woman who was watering her lawn. While I am sure the humor was intended to carry a message, it certainly implies that men are stupid, and when they are stupid, they deserve to be kicked in the testicles. — Eddie Gaul I agree with conserving water, but then why are we building houses at a rapid pace? I removed grass and all the things we were asked to do, but now I wonder why. There are all kinds of homes being built up the street, and I can't even plant a lousy shrub. This really is a situation that many people don't understand. Don't rely on the new lake tap or so-called straw to solve water issues that may never get done or done in time. — Wally J (Acommentator) 19 9/26/13 2:20:14 PM