VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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IN BUSINESS LOCAL BUSINESS NEW HENDERSON CHAMBER LEADER TO PUT EXPERIENCE TO USE By Conor Shine staff writer The Henderson Chamber of Commerce has named real estate developer Scott Muelrath as its new president and CEO. Muelrath, who is set MUELRATH to begin work after Labor Day, has been involved in property management as well as real estate development in Southern Nevada since 1993. He most recently was general manager of the Galleria at Sunset mall in Henderson. At Galleria, Muelrath helped open the police community relations office, the first in a retail setting in Nevada. Rick Smith, chairman of the chamber's board of directors, said Muelrath's hands-on experience working with businesses is a large asset. "Scott has worked very closely with all GAMING RIVIERA PARENT COMPANY REPORTS LOSS By Steve Green senior staff writer The owner of Riviera Las Vegas posted a second quarter loss on lower revenue. Riviera Holdings Corp., which also has a casino in Colorado, said it lost $5.76 million in the quarter ending June 30, more than the $4.2 million lost in 2010's second quarter. Riviera Holdings emerged from bankruptcy in December, but the case has remained open while claims are sorted out. The company attributed the latest quarterly loss to continuing costs related to its bankruptcy. Net revenue of $31.5 million was down from $32.3 million. The company said the 2,075-room Riviera Las Vegas generated net revenue in the quarter of $21.6 million, a decline of 2.2 percent. Casino revenue of $10.2 million fell 5.8 percent, with an increase in table game revenue offset by an 8.9 percent decline in slot revenue tied to fewer players. Room revenue of $9.3 million increased 8.7 percent thanks to the hotel being fuller and the average daily room rate growing to $59.31 from $56.19. | 29 AUGUST 2011 | High rolling can often get your head spinning. But it doesn't always have to be a gamble – especially when you're playing with Konami Gaming. More than just a manufacturer of gaming hardware and software, the company that is "Born from fun,TM into an investment jackpot. Together with their legal team, Lewis and Roca, Konami is poised to stay on top of its game and the global gaming industry. LAS VEGAS RENO PHOENIX TUCSON ALBUQUERQUE SILICON VALLEY LRLAW.COM Re: Reinvent Gaming From: Slot Machines To: Gaming Management kinds of businesses—small, medium and large," Smith said. "In managing a major regional mall, you've really got to be able to sit down with the tenants who own businesses and help them with business plans, ways to improve businesses or helping new entrepreneurs organize." Muelrath also has a history of involvement at the chamber, working with the Henderson Business Resource Center and the Henderson Development Agency. Most recently, he was a member of the chamber's board, a position he resigned upon becoming CEO. "He's got a commitment to helping the community grow and a commitment to improving economic development in the city of Henderson and the valley as a whole," Smith said. Muelrath graduated from UC Davis, with a bachelor's degree in history. Before moving to Las Vegas, Muelrath was involved in real estate ventures in Northern California. " delivers huge payouts of innovation and turns risky business 15