VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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AUGUST 13, 2012 / YOUR BUSINESS-TO-BUSINESS WEEKLY SPECIAL FOCUS WHY GIVING IS GOOD BUSINESS BROKERS PREDICT FUTURE OF THE STRIP By Steve Green The money men behind the CHRIS MORRIS T ARE OUR DONATIONS BEING WELL SPENT? By Howard riell, contributing writer here's no question that giving charity, especially at the corporate level, is a wonderful thing. ¶ But with so many nonprofit groups to choose from, how can donors be sure they are giving to the right charity? ¶ "It's a great question," Las Vegas Jewish Federation CEO Elliot Karp said. "And it defies necessarily simple answers." ¶ Indeed, choosing one or more outlets for a company's philanthropy can prove downright bewildering at times, espe- cially in a town like Las Vegas. ¶ "We are a community that has a tremendously wide breadth of different types of community organizations and charities," said Cara Roberts, senior director of communications for the Las Vegas Chamber of Commerce. "There is a wide range of types of organizations to which to give here." INSIDE: What companies and business owners should keep in mind when choosing a charity SEE CHARITY, PAGE 19 flashy sports book operator Can- tor Gaming are trying to shake up the real estate sector of the gaming industry. Just as they have driven dra- matic changes in Las Vegas sports books with their high-end and mobile sports-wagering offerings, the investors have now launched what they say will be a new business model to serve casinos' global real estate needs. And they hired two top real estate brokers to push the ini- tiative forward. Longtime hotel and casino bro- kers John Knott II and Michael Parks were hired away from com- mercial brokerage CBRE in Las Vegas last month to run the global gaming real estate business at com- mercial real estate brokerage New- mark Grubb Knight Frank, a sister company to Cantor. Knott and Parks, who spent SEE GAMING, PAGE 21 INSIDE TODAY NEW SHOPPING OPTION | P. 6 Tivoli Village developers plan another retail center for Summerlin area LIKE FINE WINE | P. 13 Longtime cocktail waitresses enjoy careers serving casino customers. This month, VEGAS INC highlights philanthropy in the business community.