VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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IN BUSINESS MANY CARRIERS SAW NUMBERS JUMP MCCARRAN, FROM PAGE 7 Two air carriers that charge fees for carry-on bags — Las Vegas-based Allegiant Air and Mirimar, Fla.-based March. Spirit, meanwhile, climbed by 22.8 percent to 160,377 passengers. Strong performances by Allegiant and Spirit offset a flat performance by Southwest, at 1.4 million passengers for Spirit Airlines — had double-figure percentage increases counts for the month. Allegiant, the fourth-busiest carrier in passenger percent, Delta down 7.5 percent and US Airways off 16.3 percent. at McCarran behind Southwest, Delta and United-Continental, reported 29.8 percent more passengers — 251,108 — in the month, and declines by No. 2 Delta Air Lines, down 8.8 percent to 349,938. US Airways was off 15.2 percent 181,280 passengers. For to the passenger first quarter, counts were Southwest down 0.8 RISK TAKER: Sheldon Adelson is seen behind a model of Singapore's Marina Bay Sands. SANDS CEO SEES ROOM TO GROW ADELSON, FROM PAGE 7 cards, they don't know the size of the bet. They're going to fall the same way." Looking farther back, he smiled as he remembered those who thought he was being overly risky in trying to lure conventions to Las Vegas. The city now depends on conventions to fill rooms. its hotel He said too often entrepreneurs aren't willing to take the gamble to create an integrated resort — one with shopping, convention facilities, fine dining, gaming and other attractions. Frequently, he said, they are satisfied with just building a hotel. But providing more than a room offers the answer to the survival of such places as Las Vegas, he said. It's the model that Las Vegas Sands has used to make record company revenues of $2.76 billion and net income of $490 million in the first quarter of this year. "When you ask people why do you travel, they say to do sightseeing and to do shopping," Adelson said following his talk with the students. "If you're not in a city or district or country where you can see ancient sights, you have to be in a place where you can do shopping and entertainment." | 7 MAY 2012 | ASSOCIATED PRESS FILE FORWARD TOGETHER Before there was music, there was a partnership. "We are particularly gratified that our lending is from a local, community-based bank because this is a facility that was built for the community. It makes for a great collaborative partnership." Richard Johnson Chief Financial Officer The Smith Center for the Performing Arts 702.248.4200 bankofnevada.com/smith-center 03/12 Bank of Nevada is an affiliate of Western Alliance Bancorporation 13