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May 24, 2013

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Business and Economy

A view of the Golden Gate Casino in downtown Las Vegas, July 9, 2012.
Golden Gate owners hit rock bottom — for heating and cooling systems
May 21, 2013
Greg Stevens saw opportunity 475 feet below the Golden Gate Hotel & Casino. That’s where the engineer and co-owner of the 107-year-old Fremont property decided to draw the heating and cooling power needed to keep beer and slush drinks cold at the casino’s OneBar.
Complaints about reflexology clinics could result in closer oversight
May 21, 2013
Complaints about misleading advertising and hidden charges at reflexology clinics around the valley have drawn the attention of Clark County commissioners, who decided Tuesday to consider tighter regulations on the health establishments.
Prices for gasoline near $4.00 per gallon at this station on Blue Diamond Road Thursday, April 14, 2011.
Pro-business group: Raise gas taxes for highway projects
May 21, 2013
A pro-business group working to diversify Southern Nevada’s economy is advocating legislation that would lead to a gasoline tax increase. The Las Vegas Global Economic Alliance announced today that it is backing legislation that would enable Clark County to raise gasoline taxes.
Caesars Entertainment announces changes in executive positions
May 21, 2013
Caesars Entertainment has appointed a new president of hospitality. Tom Arasi comes to the role after a stint with Las Vegas Sands. His responsibilities include food and beverage, hotels, nightclubs and nightlife in Las Vegas.
Guilty fraud plea in $5.6M Las Vegas embezzlement
May 21, 2013
A Las Vegas man has pleaded guilty to fraud charges in connection with the embezzlement of $5.6 million from the prominent builder of residential high-rises in the Vegas area over nearly five years. Rocco Lazazzaro pleaded guilty to conspiracy to commit wire fraud at the Florida-based Turnberry Associates.
A "plumber" fixes a sink at Ideal Services' booth at RECon, the retail industry trade show at the Las Vegas Convention Center, on May 20, 2013. The mannequin was used to demonstrate one of many problems that could result from hiring the wrong repairman.
Plumbing disasters, liquid fireworks, reverse vending machine — it's what's new at RECon
May 21, 2013
It’s tough getting people’s attention at RECon, the retail industry trade show, with its 30,000 people and 1,000 exhibitors. But repair guy Ray Salzer has found a way: fart sounds and plumber’s cracks.
UFC President Dana White announces a multiyear agreement between Ultimate Fighting Championship and Fox Media Group in August 2011 at a news conference at Fox Studios in Los Angeles.
In dispute with Culinary, UFC counters with attack site of its own
May 20, 2013
After two years of battling the Culinary while fighting to legalize the sport in New York, the UFC’s counter jab comes in the form of a critical website aimed at exposing the union’s “smear campaign,” the company said.
Joe Downtown: Local Motors CEO visits Las Vegas
May 20, 2013
One of the newest businesses to gain support from VegasTechFund is Local Motors. Founded five years ago, Local Motors uses crowdsourcing to help in the design of a car, motorcycle or other type of vehicle. John Rogers Jr., president and CEO, last week was in downtown Las Vegas, where VegasTechFund is headquartered. The fund is a tech investment group whose partners include Zappos CEO Tony Hsieh.
Downtown Project partners purchased the 65-unit John E. Carson Hotel building at Sixth and Carson in April 2012 for about $2.1 million.
Joe Downtown: Doughnut shop, tavern, offices may be in mix for former John E. Carson Hotel
May 20, 2013
Work last week began on the interior demolition of the John E. Carson Hotel, 124 S. Sixth St., purchased a year ago and now part of the realm of the Downtown Project.

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Key events involving Yahoo and its performance
May 20, 2013
Yahoo has reached a deal to buy online blogging forum Tumblr for $1.1 billion, the latest acquisition under CEO Marissa Mayer. Yahoo is paying mostly cash for Tumblr and expects to complete the deal by the end of the year. Here are key events involving Yahoo Inc. and its performance in recent years.
A news headline about the Tumblr sale to Yahoo scrolls on a building in New York's Times Square, Monday, May 20, 2013. Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.
Yahoo looks to regain its cool with Tumblr deal
May 20, 2013
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders.
Baseball fans fill the stands at Cashman Field during the opening game for the Las Vegas 51s against the Colorado Springs Sky Sox on Friday, April 12, 2013.
Some Pacific Coast League stadiums will be tough for proposed Summerlin project to match
May 20, 2013
Building the "finest Triple-A facility in the country" might be easier said than done for the new ownership of the Las Vegas 51s minor league baseball franchise. Some of those other stadiums are pretty impressive — even the cookie-cutter ones of similar design.

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My case for ‘The Amazing Race’
May 20, 2013
Looking around Las Vegas’ Friendly Ford dealership, I almost felt sorry for the scores of people who had arrived to audition for “The Amazing Race.”
President Cheri Hickman speaks during a meeting of the Summerlin Toasters, part of the Toastmasters International public speaking club.
Practice makes perfect: Learning to speak without fear in the business world
May 20, 2013
Public speaking is essential in the business world, not to mention many other careers. Avoiding it can hurt a person’s ability to network, close doors to promotions and new job opportunities and hinder an upward trajectory in the corporate world.
Marce Casal is president and CEO of Well Care Pharmacy, which has grown to six locations in the valley.
Gamble on house calls pays off for pharmacy
May 20, 2013
To compete with the giant chain pharmacies, Well Care Pharmacy decided to focus its business model on free delivery service anywhere in Las Vegas or Henderson.

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