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Revenue Down, but Net Income Up for Las Vegas Motor Speedway Parent

Revenue Down, but Net Income Up for Las Vegas Motor Speedway Parent

The parent company of the Las Vegas Motor Speedway is hoping new deals will help the bottom line.

Speedway Motorsports Inc., parent of Las Vegas Motor Speedway, suffered another quarter of decreasing revenues as the North Carolina racetrack company this week reported 2013 third-quarter total revenues that were nearly $5 million less than the revenues for the same three-month period in 2012.

Read more in the Las Vegas Review-Journal.... Read More

Revenue Down for Las Vegas Motor Speedway Parent

Revenue Down for Las Vegas Motor Speedway Parent

The North Carolina-based company blames the shortfall on bad weather at events.

The parent company of Las Vegas Motor Speedway absorbed another financial hit in the second quarter as revenue, including ticket sales, was down for the three-month period compared to the same time period in 2012.

Read more at the Las Vegas Review-Journal... Read More

Luncheon Honors Impact of Nellis in Southern Nevada

Luncheon Honors Impact of Nellis in Southern Nevada

 

The impact of Nellis Air Force Base and its servicemen and women will be honored next month at a business luncheon.

The Las Vegas Chamber of Commerce will host the event Tuesday, March 19, at Texas Station. Major General Jeffery G. Lofgren, commander of the U.S. Air Force Warfare Center at Nellis, will be the keynote speaker and will discuss Nellis’ role in the military, as well as the relationship between Nellis and the southern Nevada community.

Nellis Air Force Base has an estimated $5 billion economic impact on Las Vegas. More than 8,500 military and 4,200 civilian personnel are employed at Nellis, Creech Air Force Base and the Nevada Test and Training Range.

Registration and the Nellis showcase will open at 11:30 a.m. and the lunch will run from noon to 1 p.m. Cost of the event is $50 for Chamber members and $65 for non-members. Tickets can be purchased at LVChamber.com.

FAA Makes Flight Restrictions Deal with Tour Companies

FAA Makes Flight Restrictions Deal with Tour Companies

LAS VEGAS (AP) -- The Federal Aviation Administration is going to restrict air space around Las Vegas from Sunday evening to Wednesday afternoon while President Barack Obama is in town.


An FAA statement issued Friday says eight local Grand Canyon sightseeing tour companies will be able to use nearby Jean Airport during that time. Jean is 25 miles south of the Strip. Several other area airports will be closed to general aviation. Commercial traffic at McCarran International Airport won’t be affected.

Two helicopter air tour companies also will be able to conduct night sightseeing tours out of McCarran.

The president plans a campaign event late Sunday at a Las Vegas high school. He’s scheduled to stay at the Westin Lake Las Vegas to hold debate practice sessions for two additional days before his scheduled debate against Republican nominee Mitt Romney.

DMV to Nevadans: Stay Away Monday

DMV to Nevadans: Stay Away Monday

 

If you have a November deadline for business at the DMV, department officials don’t want to see you Monday.

Department officials are asking motorists to use alternative services this coming Monday or to delay visiting an office until later in the week.

“Happy holidays from our family to yours,” DMV Director Bruce Breslow said. “Enjoy your time more by staying away from the DMV on Monday.”

The Monday after Thanksgiving is traditionally the department’s busiest day of the year, leading some of the staff to call it “Black Monday.”  Wait times can easily double or triple, to two hours or longer. Motorists can always check current wait times on the department’s website or iPhone application.

Organizers Release EDC Economic Impact Study

Organizers Release EDC Economic Impact Study

 

An economic report released by event organizers shows an economic impact of more than $136 million from last year’s Electric Daisy Carnival.

The three-day music and arts festival held at the Las Vegas Motor Speedway in June 2011 made a large effect according to a report by Beacon Economics, LLC.

The study, commissioned by the producers of EDC, showed that the festival generated an estimated $8.9 million in tax revenue for state and local government.

“When we decided to produce Electric Daisy Carnival in Las Vegas, we anticipated that Las Vegas would experience a significant economic boost as many of our devoted fans are willing to travel to experience the show,” said Pasquale Rotella, president and CEO of Insomniac.

Beacon Economics estimated the amount of spending generated by EDC Las Vegas using data collected via a comprehensive survey of more than 12,000 attendees and data provided by Insomniac.

Spread the Word Nevada Featured in First G-Team Campaign in Las Vegas

Spread the Word Nevada Featured in First G-Team Campaign in Las Vegas

Spread the Word Nevada is excited to announce their campaign on G-Team Las Vegas, Groupon’s philanthropic arm.

Each week, G-Team features a local campaign that enables Groupon followers to do good, have fun, and make a real impact in their community. From Tuesday to Thursday, the Spread the Word Nevada G-Team campaign will raise money and increase awareness about its children's literacy programs. Spread the Word Nevada has been providing books and literacy services to the low-income youth in Southern Nevada and the Clark County School District since 2001.