Gaming Regulation in Nevada The Nevada Gaming Control Board is charged with protecting the integrity and stability of the ever-evolving gaming industry. The board executes this statutory mandate through exhaustive investigative procedures, comprehensive licensing practices and strict enforcement of laws and regulations that hold gaming licensees to high standards. These … [Read more...] about Game On
Departments
MVPNikki Fargas
President of Las Vegas Aces League/Sport: Basketball Team’s Inaugural Season: 1997 Location: Las Vegas, Nevada Executive Hometown: Oak Ridge Tennesee Executive Joined Team in: 2021 40 Full Time Employees Not Including Players A former player, broadcaster and basketball coach, Nikki Fargas is the current president of the Las Vegas Aces. She is at the helm of … [Read more...] about MVP
Around the StateJanuary 2024
Station Casinos Opens Durango Casino & Resort In early December, Station Casinos opened the Durango Casino & Resort, the company’s newest resort in southwest Las Vegas. The resort features 83,000 square foot of casino space and over 200 guest rooms and suites. The resort also has dining options, including a food hall experience, Eat Your Heart Out, which spans 25,000 … [Read more...] about Around the State
Should NV PERS Be Allowed to Invest in ESG Securities?
The federal Department of Labor has adopted a rule allowing retirement plan fiduciaries, such as Nevada’s PERS board, to consider environmental, social and governance issues (ESG) when choosing investments for their members’ retirement funds. Under the 1974 ERISA law, the Department of Labor, or DOL, can set minimum investment standards for retirement and health plans. For … [Read more...] about Should NV PERS Be Allowed to Invest in ESG Securities?
Reed Gottesman
SVP/Regional Manager Schnitzer Properties Type of Business: Commercial Real Estate Development and Operations Based: Las Vegas, San Diego and Salt Lake City Hails from: Teaneck, NJ “Luck is the sense to recognize an opportunity and the ability to take advantage of it. Everyone has bad breaks, but everyone also has opportunities. The person who can smile at his breaks and … [Read more...] about Reed Gottesman
ReD ReportRetail Summary: Third Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in northern Nevada has encountered ongoing obstacles in terms of development, such as elevated construction expenses and the imperative to address escalating inflation. Nevertheless, there are several new projects advancing. Both regional and national tenants have shown sustained interest in our … [Read more...] about ReD Report
Business IndicatorsJanuary 2024
The second estimate of U.S. real gross domestic product (GDP) for 2023Q3 expanded at an annual rate of 5.2 percent, revised up by 0.3 percentage points compared to the advance estimate. The remarkable increase in real GDP mainly reflected strong consumer spending, as well as increased activity in business investment especially in inventory investment driven by expanding … [Read more...] about Business Indicators
The Last WordWhat are Your Professional Goals for 2024?
Scott Arkills President and CEO Silver State Schools Credit Union “By prioritizing people over profit, we will help our member-owners, their families, and the surrounding communities achieve financial wellness through financial literacy, innovation, and technology so they can bank when and how they want.” Denette Suddeth Regional President and Head of Commercial … [Read more...] about The Last Word
Taylor Adams
CEO Economic Development Authority of Western Nevada (EDAWN) Type of Business: Regional Development Authority Based: Reno Hails from: Columbus, Mississipi Years Org. has been in Nevada: 40 Months with Organization in Nevada: 6 Employees in NV: 15 What is your professional background? I started my career in banking/finance and then in the insurance business, … [Read more...] about Taylor Adams
Around the StateDecember 2023
UNR Receives Largest Individual Gift in History to Create Aerospace Department The University of Nevada, Reno (UNR) recently announced a record $36 million individual gift to the University’s Foundation from the George W. Gillemot Foundation. Upon approval from the Nevada System of Higher Education Board of Regents the gift will be used to create the George W. Gillemot … [Read more...] about Around the State
A Year Makes a World of Difference to Water and Other Matters
What a difference a year makes in the water outlook for Nevada. In July 2022, Lake Mead dropped to its lowest level since it was being filled in the 1930s. Northwestern Nevada rivers, the Carson and Truckee and other watersheds in the state were experiencing major droughts, as was all of the Southwest. In November 2021, scientists, public officials and media in Colorado had … [Read more...] about A Year Makes a World of Difference to Water and Other Matters
Business IndicatorsDecember 2023
The first estimate of U.S. real gross domestic product (GDP) for 2023Q3 had an annualized growth rate of 4.9 percent, a significant increase above recent quarters. Consumer spending soared, particularly in services such as housing, utilities, healthcare, financial services, insurance and food, as well as in goods, notably non-durable items like prescription drugs and … [Read more...] about Business Indicators
Office SummaryThird Quarter 2023
Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s office market experienced some positive market fundamentals this quarter as it saw declining net absorption, shrinking sublease availability, and improving investment activity. Quarterly net absorption of - 5,474 square feet pulled annual net absorption to about 1,800 square feet. Available sublease space … [Read more...] about Office Summary
The Last WordWhat is your favorite holiday tradition?
Laine BlackmonLoan OriginatorNV Capital Corp. “My favorite holiday tradition is decorating homemade sugar cookies with my stepmom. We have been doing this my whole life, and I will continue to do it when I have children someday.” Boyd EricksonVice President/OwnerFEA Consulting Engineers “One of our firm’s favorite holiday traditions is when the principals fry … [Read more...] about The Last Word
Matt Clafton
Senior Vice President/Regional Manager Alston Construction Type of Business: General Contractor Based: Reno & Las Vegas Hails from: Spokane, WA Years Org. has been in Nevada: 24 Years with Organization in Nevada: 20 Employees in NV: 37 How did you get into your profession? I grew up in a construction family, studied civil engineering in college and after … [Read more...] about Matt Clafton