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.

Umpqua Bank adds Vegas loan office — Umpqua Bank, a subsidiary of Umpqua Holdings Corp., is expanding its presence in Nevada with a new branch in Las Vegas. And the bank has hired Aric Graham, who most recently served as vice president of commercial lending at US Bank in Las Vegas, as its senior vice president of commercial banking and regional director.

Credit Unions did well at legislature — For most Nevadans, the 2015 legislative session will be remembered for Gov. Brian Sandoval's successful campaign to pass a $1.1 billion tax package, with much of the new funding going to efforts at reforming education or paying for new programs. Beyond education, there were other crucial bills that flew under the radar.

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

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Aug 31, 2015

Pitt to adopt script logo for all sports beginning with 2016-17 season… via @pittsburghpg @SWernerPG.

Aug 29, 2015

RT @pokernewsdaily: Coming up on its second anniversary, the New Jersey online gaming market has been able to slowly build some...

Aug 29, 2015

RT @DExpress_Sport: Newcastle 0 - Arsenal 1: Wenger's side record narrow victory after Mitrovic gets sent off…

Aug 28, 2015

A Decade After Katrina, One Campus Still Struggles to Recover via @chronicle

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