Chris Sieroty on Muck Rack

Chris Sieroty Verified

Las Vegas
Producer, KNPR Las Vegas

Producer & Reporter with KNPR's State of Nevada #knprtalk and a contributor to Las Vegas Business Press and Nevada Business Magazine.

Hotel creditors ready to sell debt at a loss — Lowes Lake Las Vegas, a hotel within a luxurious but financially troubled golf community and resort 20 miles from the Strip, continues to struggle as the multimillion-dollar loan backing the property goes through another reappraisal, according to Trepp LLC. That loan is expected to be sold at a loss, the Trepp report said.

Political football: Feud over tax exemption — Drive any direction on Sahara Avenue between Interstate 15 and Valley View Boulevard and you'll find banks and credit unions doing business side by side among casinos, chain retailers, small businesses and check cashing businesses. Credit unions and banks both provide financial services to consumers and businesses.

Nevada ranks second best in tax survey — Tesla Motors Inc.'s decision to build a $5 billion battery factory just west of Reno in Storey County continues to pay dividends, not only for the region, but the entire state. The so-called "Tesla effect" has seen company employees starting to relocate from San Francisco to Northern Nevada.

Las Vegas Business Press — Will Nevada's medical marijuana industry be an all-cash business? Is there a financial institution willing to tackle the tricky business of banking dispensaries, growers and other marijuana-related companies? So far, nearly every bank and credit union in Southern Nevada has refused to offer checking or credit card services for fear it'll be investigated, fined or possibly shut down by the federal government, which classifies marijuana, medical or recreational, as an illegal narcotic.

Banks remain wary of approving credit card use for Internet gaming — Credit card transactions have been a challenge for online gaming operators in markets where Internet poker and online casinos are legal, including Nevada. There have been banks that seem to have no issues with processing these transactions and others that have been risk-averse.

Macau Gaming Revenues Fall As Government Crackdown Continues — The narrative for more than a decade has been one of impressive growth in Macau, the former Portuguese colony and only place in China where gambling is legal. That story, however, has taken a dramatic swing into the red over the last nine months.

Bill To Change PERS Debated In Nevada Assembly — A controversial Republican-backed bill that significantly changes Nevada's Public Employees' Retirement System is working its way through the Legislature. The bill would add to Nevada PERS a defined contribution option - or payouts based on how much money employees contribute. The existing plan promises employees a specific payout upon retirement.

The New Sports Book Frontier: Bets On Virtual Sporting Events — As the number of sporting events is limited, Las Vegas bookmakers are looking to London for new ways to get you to place a $5 bet. It's not unusual to see British gamblers betting on virtual horse races or soccer matches.
Mar 16, 2015

Tune into KNPR to hear William Hill US CEO Jose Asher talk about virtual horse racing in Vegas… via @KNPRnews

New Efforts Underway To Ease Student Loan Debt — New legislation in the works in Nevada is taking on a student loan system that many say is broken. Whether you agree that the current system has flaws, college students are graduating with record debts. In 2013, some 70 percent of college grads owed $28,000 upon graduation.

A Legendary Nevada Publication Returns — In the days of the Wild West, The Territorial Enterprise was one of Nevada's most important newspapers. In the 1860s and 70s, the paper became known for its stable of famous reporters, including one Samuel "Mark Twain" Clemens. In 1868, Clemens described the Territorial Enterprise as, "ghastly factory of slaughter, mutilation and general destruction in those days."
Mar 10, 2015

The Territorial Enterprise - A Legendary Nevada Publication Returns on Thursday:…

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Aug 03, 2015

Arsenal transfer news and rumours: 'Gunners clear to sign Karim Benzema for £46m' | via @Telegraph…

Aug 03, 2015

@KNPRnews talks with Boulder City Public Works Director Scott Hansen as the city buys 8 Nissan Leafs…

Aug 03, 2015

The Palms, Rio and Gold Coast might be getting a new neighbor.

Aug 03, 2015

RT @GlobalGamingBiz: Cataclysm hits Puerto Rico's casino industry! Once vibrant it's now shutting down as a result of government actions.…

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