Tag Archives: first

First Friday downtown will go on as prepared

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Yasmina Chavez Big scale paintings of country singer Garth Brooks are on display throughout First Friday celebrations at the Arts District in downtown Las Vegas, July 1, 2016.

Tuesday, Oct. 3, 2017|4:42 p.m.

First Friday, the monthly arts celebration downtown, will be presented as set up, organizers said on Tuesday.

“First Friday is exceptionally saddened by the current events, and our hearts and ideas go out to the victims and liked ones of this senseless violence in our neighborhood,” stated a statement from First Friday organizers.

“The resounding message we’re speaking with our neighborhood of creators and caring humans is that we will not reside in worry,” the declaration continued. “We can’t let the actions of one, or a few, subdue the desire and need for the lots of to come together.”

This Friday will be the 15th anniversary of First Friday. Each October’s style is ‘One World Through Art,’ promoting peace, love, and unity.

First Friday is working with police and regional authorities to increase security procedures and assist make sure public safety.

Nevada pot sales bigger than first months in other states

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L.E. Baskow Consumers wait in a long line at Reef Dispensaries in Las Vegas as recreational cannabis sales begin at midnight in Nevada on Friday, June 30, 2017.

Published Friday, Sept. 29, 2017|12:04 p.m.

Updated 2 hours, 45 minutes ago

RENO,– The very first month of legal sales of recreational marijuana in Nevada substantially outpaced the opening month of sales in other states where it’s legal for adult use.

The state Department of Taxation says Nevada dispensaries sold $27.1 million worth of pot in July. That compares to about $14 million in each of Oregon and Colorado, and $3.8 million in Washington when those states first legalized recreational sales– Colorado and Washington in 2012 and Oregon in 2014.

The combination of a 15 percent wholesale tax and a 10 percent retail tax created $3.68 million in state tax earnings, Nevada Department of Taxation spokesperson Stephanie Klapstein said Thursday. The numbers are consistent with projections legal pot sales will bring in $120 million over the next two years, she stated.

A few of that tax cash is headed to the state’s rainy day fund this year. However the large majority moving forward is dedicated to schools.

The $120 million forecast anticipates $5 million in month-to-month tax earnings. But Klapstein said officials really predicted no revenue for July because of uncertainty surrounding licensing and regional zoning ordinances.

“I ‘d prevent anyone from dividing up the total projections by month,” Klapstein stated. “The numbers ready. There’s absolutely nothing to recommend we are not on track with the biennial forecasts.”

The ballot procedure Nevada voters authorized last November legalizing pot required retail, wholesale and circulation licenses to be released by Jan. 1, 2018.

But Gov. Brian Sandoval proposed in January– and the Nevada Legislature authorized– an “early-start” program to introduce sales in July, the very first month of the state’s .

“That permitted us to start getting the earnings right at the beginning of the biennium,” Klapstein said. “We think those wholesale numbers will continue to increase.”

The state has now certified 53 retail stores, 92 growing operations, 65 producers, 9 screening labs and 31 suppliers. Four-fifths of the 250 overall license centers are in Las Vegas and surrounding Clark County, the department stated.

First Take: CRE Groups, Experts Deal Preliminary Response to Republican Tax Reform Structure

Doing not have Specifics, Experts Say Tax Bill Deals with a Long Process Getting Through Congress

Reactions of property groups and experts to the tax-reform structure launched the other day by GOP leaders in Congress ranged from straight-out assistance to opposition of a proposal included in the structure to restrict or prohibit the deductibility of interest on company debt.

The property community has been on edge over reports the tax plan advanced by Congressional leaders would eliminate a few of the industry’s preferred tax treatments. Different reports kept in mind that discussions included potentially eliminating 1031 tax-free exchanges and minimizing the deduction for interest on debt and decreasing the tax rate for pass-through business earnings.

The other day was expected to be the big expose of the new framework from the “Huge Six” in tax reform – House Speaker Paul Ryan, Senate Bulk Leader Mitch McConnell, Treasury Secretary Steve Mnuchin, National Economic Council Director Gary Cohn, Senate Financing Committee Chairman Orrin Hatch and Home Ways and Means Committee Chairman Kevin Brady.

Regardless of basic surprise at the restricted amount of information included in the structure, realty’s chief advocate in Washington, Real Estate Roundtable President and CEO Jeffrey DeBoer, hailed the structure launched today as “another significant action toward pro-growth tax reform.”

” As visualized in the framework, minimizing the tax on business earnings, motivating capital formation and preserving the strength of our capital markets will spur economic financial investment and task creation,” DeBoer stated. “Important issues and details definitely are ahead and we mean to work closely with Congressional tax-writers as they take tax reform forward.”

DeBoer affirmed on Sept. 19 before the United States Senate Financing Committee on business tax reform – motivating modest modifications for the existing tax of commercial property that would promote economic growth while warning policymakers on specific organisation tax reform concepts that could trigger severe market dislocation.

Other groups, consisting of Services United for Interest and Loan Deductibility, or the BUILD Coalition, voiced sharp criticism of the proposed new tax targeting interest deductions as “simply not reform.”

” True reform works to enhance the United States economy and produce tasks rather than raise costs on companies. Interest deductibility is crucial to the United States economy,” the coalition stated in a statement.

” The BUILD Union opposes the proposal from the ‘Big 6’ to restrict interest deductibility as part of tax reform, spokesperson Mac O’Brien said. “This action would efficiently develop a brand-new tax on business investment, which runs counter to pro-growth tax.”

Short on Information, Framework Confronting Long Roadway to Approval

Morgan Stanley equity analyst Richard Hill cautioned in a note to financiers that the tax plan deals with “a long road ahead.”

“There are likely hundreds of ‘billion dollar’ battles to wage prior to anything is passed,” Hill stated, keeping in mind the capacity for specific take for REITs and other CRE owners. After keeping in mind that the proposed elimination of 1031 tax exchanges was not attended to at all in the structure, Morgan Stanley’s Hill talked about 2 other provisions that were consisted of.

The potential elimination of the decrease in the interest reduction for c-corporations would get rid of among the two main benefits of owning industrial real estate, with depreciation being the other. Under present tax law, structure owners might subtract interest on cash borrowed to buy or improve property.

Hill stated removing that deduction would have unfavorable ramifications for business residential or commercial property appraisals to differing degrees. Morgan Stanley’s sensitivity analysis approximated a 0.1% to 14.8% reduction in residential or commercial property costs depending upon the decrease in the interest deduction under numerous tax rates.

Nevertheless, he kept in mind the proposed 20% tax rate would help to alleviate some of the effect from a reduction in the interest reduction.

The framework likewise calls for enabling organisations to immediately write off or expense the expense of brand-new financial investments in depreciable assets (other than structures made after Sept. 27, 2017) for a minimum of five years.

Hill kept in mind that enabling the instant expensing of capital investment would likely assist to reduce a few of the impacts of a reduction in the interest reduction. In addition, he said such a modification could incentivize selling of properties to buy a new property that can be fully expensed in advance, a circumstance that could present obstacles if there isn’t corresponding need.

Morgan Stanley also noted it’s completely possible there might eventually specify carve-outs for business realty, or REITs particularly, as negotiations get started.

Sandoval OKs strategy to enhance first-responder communications

The Who goes beyond expectations for the Colosseum’s first rock residency

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Ethan Miller/Getty Roger Daltrey and Pete Townshend throughout The Who’s very first residency show at the Colosseum on July 29.

Thursday, Aug. 3, 2017|2 a.m.

2 right away striking things from The Who’s program at Caesars Palace on Tuesday, Aug. 1:

1. This is the first rock-band residency to strike the Colosseum given that the venue made its launching in March 2003. That may not be entirely unexpected, considering this is the house that Celine developed, which the other highly successful headlining programs feature more pop-oriented entertainers like Elton John or Rod Stewart. However there were 2 country music residencies (Shania Twain and Reba McEntire with Brooks & & Dunn) registered prior to rock got here with The Who on July 29. It’s another mark in the continuing development of live home entertainment on the Strip, but it most likely might have occurred several years back.

2. At 72 years old, Pete Townshend is still doing the power slide. That’s amazing. Townshend has many classic guitar stage relocations in his toolbox– he utilized the windmill a number of times on Tuesday night, too– however the power slide is the one, plastered all over YouTube with videos entitled “The Coolest Thing Ever,” and further immortalized by Jack Black in his Solid D motion picture. There’s never ever been any report of Celine power-sliding across the Colosseum phase.

Notoriously fronted by enduring original members Townshend and Roger Daltrey, 73, The Who’s present visiting band is 8 strong, anchored by Zak Starkey on drums and John Button on bass. Its residency setlist is extremely similar to the band’s first program at Caesars in Might 2016, although one distinction from Tuesday night was opening with 1964’s “I Can’t Describe.” Townshend and Daltrey both sound great and powerful, with the charming frontman Daltrey easily hitting strong, high notes in “Love, Reign O’er Me.” The audience was on its feet for the majority of the program, with “Pinball Wizard” serving as the greatest singalong. The hits exploded, but the band was at its finest during “Behind Blue Eyes,” and the rollicking “5:15” from the band’s second rock opera, 1973’s Quadrophenia.

Townshend’s in between song banter was dominated by jokes and sarcasm about playing Vegas, and whether or not The Who fits on the Strip. After a fun gone through “Pictures of Lily” early in the set, he playfully jabbed, “They just like those rarities, the Las Vegas audience.” Earlier, introducing “My Generation,” he questioned whether anybody in the Colosseum was anywhere near his age, but there were a lot of pleased concert-goers in their 40s, 50s and 60s. Townshend has shown The Who could have a longer future in Las Vegas, and after all the joking around, he enhanced that while they are so effective they do not need to be here, they’re here because they wish to be. Then, after “Baba O’Riley” and “Won’t Get Fooled Again,” they presented the band and left the phase to enormous applause, leaving– in the meantime– 5 more Colosseum shows.

The Who wraps up its this run at Caesars Palace with concerts on Aug. 4, 7, 8, 9 and 11. Find details and tickets at thecolosseum.com.

First responders and injury: Individuals responsible for conserving our lives face unique challenges

[not able to retrieve full-text material] Summertime in Las Vegas. For some that suggests vacation, for others, it means hiding in air conditioned buildings; for very first responders, it implies an increase in child drownings. Word of a kid drowning is devastating for the typical person. Despite the training and support first responders have, the child’s drowning can be just as ravaging. Some crews see multiple children drown in a month, in a week, and even in a shift …

'' Baz– Star Crossed Love' ' commemorates an effective first year at the Palazzo Theatre

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Romeo and Juliet is just one of the love stories set to music in

Saturday, July 29, 2017|2 a.m.

. When it opened in the middle of 2015 at Light Club at Mandalay Bay, Baz was a bright, fresh, various musical production on the Las Vegas Strip, aiming to make its mark in a tempestuous live entertainment landscape. Now, as the program commemorates its first anniversary as Baz– Star Crossed Love in a more natural home at the Palazzo Theatre, it’s that much closer to making to making that mark.

“Vegas has actually been a wild flight for us,” states Shane Scheel, executive producer and co-creator at For The Record, the Los Angeles-based live entertainment company behind Baz. “Dealing with the Cirque du Soleil [team] at Light provided us what we called our Vegas workshop and it was an amazing experience to put that together, then to have everyone at Venetian [and Palazzo] come see it and fall for it and think we can do it even much better, that has been a reward for us to continue to explore the program.

“To have it running for a year there is surreal due to the fact that Vegas is a wild city to produce in. There’s a great deal of competition, and our goal was produce something very different. Every day that’s how we think.”

For The Record’s programs– called a “unique postmodern cabaret” by Vanity Fair– celebrate the work of well-known and famous film directors like Quentin Tarantino, John Hughes, Martin Scorsese, and in Las Vegas, Baz Luhrmann. Baz is centered on the love stories in Luhrmann’s movies Romeo + Juliet, Moulin Rouge and The Great Gatsby, set to a contemporary pop music soundtrack including tunes like Prince’s “When Doves Cry” and Amy Winehouse’s “Back to Black.” The show has been hailed for generally strong vocal efficiencies from its ensemble cast and its ability to surround its audience with noise and action.

“When we set out to the Palazzo, we were truly able to take the area and craft it into something that matches the show. Light was a fun play ground however it wasn’t developed for the show,” Scheel states. “The Palazzo Theatre was developed for the For The Record experience, to bring the action off the screen and into people’s laps, and their minds and hearts, so you can become completely immersed in these films and stories and, most significantly, the soundtracks.”

Accompanying the anniversary of the program is the return of its original star, Ruby Lewis, who plays Gatsby’s Daisy Buchanan. Lewis, who’s likewise worked in film and television on Girl Satisfies World, Masters of Sex, Desperate Homemakers and more, just covered a year-long run as the lead in the Broadway debut of Cirque’s Paramour, a function that was born from her operate in the very first variation of Baz.

“It sort of fell into my lap due to my connection through Baz with Cirque du Soleil’s theatrical [group],” Lewis states. (Cirque was included with Baz at Light but is not included with the Palazzo production.) “Paramour was an entirely various beast. The artistic process was absolutely natural, very various from what I was utilized to, which is setting up a program in a couple weeks. We took our time constructing the program, and it was my first time on this grand scale where I got to be such a huge part of the procedure and have a lot input.”

Constructing the Concubine character around her strengths was a perfect circumstance for Lewis, and she states it altered the method she approaches her performances now– including repeating her function in Baz. “It’s not that my efficiency has actually been bashful, however as you experience more, it colors your performance,” she states. “I feel like I have the ability to go a little deeper which it feels more comfy in this function for me now. And I’ve really been munching at the bit after I saw it open [at Palazzo] and the area is so stunning, and the way the program has been reimagined is so vibrant and interesting.”

Baz has actually come a long way, Scheel explains, and it’s since of a serious dedication from everybody included.

“We have actually done shows in a lot of various type of locations, from a bar in East Hollywood to a 2,000-seat theater at South by Southwest,” he says. “We could not do Baz without the commitment of many people, from designers and actors taking a chance and heading out to Vegas, to everybody from the president of the casino on down to the innovative group [at Palazzo] It’s been extremely exciting to see how they have actually sort of combined the program into the entire hotel, not just [marketing it] to visitors however envisioning how the program matches the opulence and love of the general experience at the home.”

Baz– Star Crossed Love carries out Tuesdays through Sundays at 7 p.m. in the Palazzo Theatre. Tickets start at $59.50 and more info can be found at venetian.com.

Scott Blumstein develops big lead in first night at World Series of Poker last table

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L.E. Baskow WSOP gamers John Hesp and Scott Blumstein joke around during the first of 3 straight nights to complete poker’s world champion as the table goes from 9 to 6 players at the Rio on Thursday, July 20, 2017

WSOP 2017 Last Table of Nine Introduce slideshow”A lot of chips were concentrated in the 2 seats directly to the dealer’s left at the beginning of play Thursday night at the Rio that it’s a surprise the World Series of Poker Main Event final table wasn’t tilted. Scott Blumstein and John Hesp invested almost the

very first four hours of play with more chips than all the other players integrated, and acted with an accompanying self-confidence. They played more hands than anyone else, egged each other on to expose cards after winning pots and joked around when they faced off in small areas. The event could not last; they were on a clash.

“Entering today with how big our stacks were and how active he is, I kind of figured that would be the case,”Blumstein said. The eventful moment began the 43rd hand of the last table of poker’s world championship, which started

with 7,221 gamers paying the $10,000 entry fee. Blumstein, who routed Hesp by about 30 million chips, held pocket Aces versus his brand-new good friend’s Ace-10. The very first four neighborhood cards boiled down Ace-7-5-10, a harsh turn of events for Hesp who had an usually dominant two-pair that stood no chance against Blumstein’s 3 of a kind. A raising war in between the 2 gamers ensued that wound up with Blumstein all-in to develop a tournament-high 156 million chip pot that he couldn’t lose no matter the last neighborhood card. Blumstein, a 25-year-old expert from Morristown, N.J., had the ability to add to his lead before completion of the first of 3

straight nights of poker. He’ll return to a stack of 178.3 million chips at 5:30 p.m. tonight at the Rio, more than double any of the other six finalists still alive contending for the$ 8.15 first-place reward and champion bracelet. The strategy was to get down to the last six on Thursday, however ESPN decided to halt at 7 gamers because of all the short stacks.

That must increase the chances of more play tonight, where the strategy is for the last 3 to emerge. “We didn’t even knock out the quantity of individuals we were supposed to, so I’m not counting any chickens before they hatch,” Blumstein said.

“You can’t in this game. Having a big stack, however, is obviously essential and I’m simply delighted I can come back tomorrow, be pretty totally free and play my game.”The only other time in recent history a gamer accumulated so many chips so early at the final table was 2 years earlier, when Joe McKeehen turned his similar advantage into an easy first-place success. Hesp, a 64-year-old semi-retired trip caravan home salesman from Bridlington, England, who had actually ended up being a fan preferred, is down to 22.5 million chips. The only gamer who could remotely threaten Blumstein at the moment is 34-year-old Benjamin Pollak, a 34-year-old from Paris with 77.5 million chips.

Blumstein confessed to being cautious of Pollak, who’s sitting in an useful position directly to the chip leader’s left.”Once these short stacks start to bust,”Blumstein stated,”I believe it may be me and him going at it.”With the other five gamers separated by a reasonably little 21 million chips, action

slowed to a crawl for the last hour and a half Thursday after Blumstein’s huge win over Hesp

. The pay jump from seventh to fourth represent more than$ 2 million, leaving the carefully bunched players reluctant to bet with a lot loan on the line. The Blumstein vs. Hesp encounter eclipsed 2 gamers busting as the most significant hand of the night. Jack Sinclair headed out in 8th when he ran his last few chips into Bryan Piccioli’s pocket Aces.

Sinclair’s stack had diminished ever since he ended local professional Ben Lamb’s mission to top a third-place finish six years ago on the fourth hand of the night. Lamb adhered to his strategy to be aggressive, but ran his Ace-9

into Sinclair’s Ace-Queen.”I had more time( in 2011) so rather a different experience, but I had a blast playing in this competition for the recently,”Lamb said.” This competition, it’s one of the most enjoyable type of poker there is in the world

.” “Fun “was how many described the final table early in the night with the animated Hesp driving interaction between the players. He got a lot more silent after shipping a lot of chips over to Blumstein.”

He lost a huge chunk of his stack, so I can obviously comprehend it’s not going to be all fun and games afterwards,”Blumstein said. “I hope he gets some sleep, comes back tomorrow. He’s still in and hopefully we’ll have more enjoyable.”

Hyperloop One had its very first full-system test of ultrafast transport system

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L.E. Baskow The test sled is returned to its beginning point by a tender following a Hyperloop One sled test at their center in North Las Vegas on Wednesday, May 11, 2016.

Wednesday, July 12, 2017|2:08 p.m.

Hyperloop One Sled Test Launch slideshow”Hyperloop One completed the first full-scale test of its hyperloop innovation

in a vacuum environment on May 12th, the business announced today. In the test, the business’s hyperloop vehicle– which utilizes magnetic levitation, or mag-lev, technology– pulled 2 Gs while reaching 70 miles per hour down the length of the company’s test track in North Las Vegas. To see the complete story, click here.

First days of leisure marijuana sales generate about $500,000 in taxes

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L.E. Baskow Consumers wait in a long line at Reef Dispensaries beside food trucks as recreational sales of cannabis begin at Midnight in Nevada and dispensaries across Las Vegas are open too on Friday, June 30, 2017.

Leisure Weed Sales Start Release slideshow”The first 4 days of legal recreational cannabis sales created$3 million in sales profits

and about $500,000 in tax profits, putting Nevada on speed to accomplish an estimated $30 million in sales earnings over the next 6 months of leisure sales, according to the Nevada Dispensary Association. The sales figure was created from Saturday’s very first day of recreational marijuana sales to Tuesday. The tax rate for leisure pot is 33 to 38 percent, depending on local guidelines, with all state and local taxes consisted of.”We had a higher demand than everybody initially thought,”dispensary association director Riana Durrett said.”It shows this market really exists.”Thousands of cannabis buyers took to dispensaries over the weekend, forming lines as long as three hours for their possibility to lawfully buy the plant. Nevadans passed Tally Concern 2 in November, legalizing the usage and ownership of up to one ounce of marijuana flower or up to one-eighth ounce of concentrates. Legislation permitting sales of the plant at medically certified dispensaries was settled in late May. Nevada was among 4 states to legislate leisure usage of the plant in November’s election. In addition, four other states allow recreational pot sales. Editor’s note: This story has actually been revised.

An earlier variation contained an incorrect figure on the quantity of tax income that has actually been generated.