income

Casinos on the South Shore of Lake Tahoe had a gaming "win" of $16,742,788 in March, 2.3 percent less than they did in the same month last year according to a report released today by the Nevada Gaming Control Board.

The gaming "win" represents the computed income of casinos before business expenses and taxes.

Even with a loss in March, local casinos are still 5.45 percent up from 2016.

On January 23, 2017, snow caused the roof collapse of the historic building that housed not only the Green Tahoe Market and Liquor Store on Harrison Avenue in South Lake Tahoe, but also the Lucky Dog Thrift Store.

When the roof collapsed, the sprinkler system was set off and the water main broke, sending gallons of water through the stores in the building. Clean up and building repairs are still underway.

Most regions of Nevada saw a drop in income in February when compared to a year ago, but year-to-date figures are still on the positive side.

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $945,597,573 for the month of February 2017. This amounts to a 4.48 percent decrease compared to February 2016, when licensees reported a gaming win of $989,909,589. For the fiscal year (July 1, 2016 through February 28, 2017), gaming win has increased 2.71 percent.

This story has been updated 3/16/17.

The Lake Tahoe Unified School District (LTUSD) Board formally accepted the resignation of Chad Houck, the principal of South Tahoe High during their Tuesday night meeting, though word of the upcoming change in leadership had been circulating for weeks.

"Chad will be seeking other opportunities," said LTUSD Superintendent Dr. Jim Tarwater.

The popular principal has received a lot of support from parents, the community and staff.

Airbnb is an online marketplace for vacation rentals, apartment rentals, hostel and hotel stays that serves 65,000 cities in 191 countries with their over 3,000,000 lodging listings.

59 of those made over $200,000 last year for the owners and one of those is in South Lake Tahoe.

Formed in 2008 in San Francisco, the company has created a whole new type of traveler, ones who can experience a community as if they lived there, getting them out of hotels and into homes.

Casinos on the South Shore are once again on the positive end of the monthly income report from the Nevada Gaming Board (NGB) released Tuesday.

For the first half of the fiscal year, a combination of Harrah's, Harvey's, MontBleu, Hard Rock and Lakeside Inn have had positive gains in income with a 7.65 percent increase over the same time period in 2015.

NGB reports that casinos in the area had a "win" of $18,724,329, a gain of 4.31 percent over December 2015. South Shore casinos have a net "win" of $122,510,544 to date this fiscal year.

It was a winning year for Nevada casinos as they turned a $661.7 million loss in 2015 into a $978.9 million gain in net income during Fiscal year 2016 (FY16).

There are 273 casinos in Nevada that have gross receipts of $1 million or more, and together they had $25 billion in total revenue during the year. Total revenue is the money spent by patrons on gaming, rooms, food, beverage, and other attractions.

Net income/loss is the money retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses.

Casinos on the South Shore are once again on the positive end of the monthly income report from the Nevada Gaming Board (NGB) released Thursday.

For three of the first four months of the fiscal year, a combination of Harrah's, Harvey's, MontBleu, Hard Rock and Lakeside Inn had positive gains in income for the month of October.

NGB reports that casinos in the area had a "win" of $15,978,745, a gain of 12.58 percent over the same month in 2015. They led the state of Nevada in the plus column, with a net "win" of $103,786,215 to date this fiscal year.

With the dormitories at the University of Nevada Reno (UNR) currently at 121 percent of capacity, new housing projects are being built to accommodate the growing campus population.

One company that is helping create new housing opportunities in Reno is Pink Hill Properties, a company that has ties to South Lake Tahoe.

Pink Hill's co-CEOs Kevinn Pinkney and Garry Hill-Thomas both played basketball for the UNR Wolf Pack and later played professionally. Hill-Thomas is currently an assistant coach with the Reno Bighorns.

To the South Lake Tahoe Community,

With the election over, I am writing to congratulate the new LTUSD Board members, to respond to some of the claims Derek Allister made public in the final days of the election, and to reaffirm my commitment to volunteer my time and talents to this school district into the future.

All candidates for South Lake Tahoe City Council were given the same questions. With just one day to go to the elections, we will be featuring their answers and a video of their interview with Tahoe Regional Young Professionals through the day.

Trey Riddle, 38 years old, Bartender, 3 years in South Lake Tahoe

Discuss your interest in serving on City Council. What is your prior experience in working with civic, community or governmental organizations?

All candidates for South Lake Tahoe City Council were given the same questions. With just one day to go to the elections, we will be featuring their answers and a video of their interview with Tahoe Regional Young Professionals through the day.

Dan McLaughlin, 66, Sales Manager for Lake Tahoe Television, has lived in Lake Tahoe for 43 years.

Discuss your interest in serving on City Council. What is your prior experience in working with civic, community or governmental organizations?

All candidates for South Lake Tahoe City Council were given the same questions. With just one day to go to the elections, we will be featuring their answers and a video of their interview with Tahoe Regional Young Professionals through the day.

Jason Collin, 43, Administrative Director of Post-Acute Services & Owner/Race Director for Epic Tahoe Adventures, 8 years living in Tahoe.

Discuss your interest in serving on City Council. What is your prior experience in working with civic, community or governmental organizations?

All candidates for South Lake Tahoe City Council were given the same questions. With just one day to go to the elections, we will be featuring their answers and a video of their interview with Tahoe Regional Young Professionals through the day.

Brooke Laine, 52, Branch Manager, US Bank, Born and raised in SLT

Discuss your interest in serving on City Council. What is your prior experience in working with civic, community or governmental organizations?

In order to be a successful community on the South Shore, the state line needs to become a blur and both sides need to work together. There should be no "us" and "them" but a collective "we."

When travelers come to Lake Tahoe they don't see a state line, or a direction on the compass, they see a beautiful recreational paradise that just a few people are able to call home, but millions can call a vacation destination.

Two hot topics for locals were discussed during a Caltrans informational meeting at the Lake Tahoe Airport on Thursday evening: A roundabout and viaduct replacement.

The 3-legged Roundabout

Citing the safety of the intersection of Highway 50 and 89 in Meyers as the catalyst, project managers, engineers and planners unveiled their plans for a three-legged roundabout at the intersection to the dozens of interested citizens who attended.

This November, please vote YES on Proposition 52. Proposition 52, the Medi-Cal Funding and Accountability Act, extends the current partnership between the state and California hospitals to help fund the health care needs of 13 million children, seniors, and low-income families in California.

In the last two years, the number of Med-Cal recipients in South Lake Tahoe has doubled. El Dorado County receives $20,136,379 in federal funding each year and without this money our working families would not be able to afford health care services.

This letter is for anyone interested in seeing students in Lake Tahoe Unified School District (LTUSD) get the best opportunities possible.

Income for casinos on the South Shore rose again in August, 2016, recording a 26.66 percent gain in gaming win when compared to income from a year ago. This was the biggest gain of any area in the state of Nevada, according to the Nevada Gaming Control Board.

Their gain in gaming revenues was $5,033,378, the highest percentage gain in Nevada. This is the second month in a row that the South Shore casinos posted the biggest increase in the state.

The gaming win represents the computed income of casinos before business expenses and taxes.

For the first time since 2008, El Dorado County’s Public Housing Authority will open its Housing Choice Voucher Waiting List. The Housing Choice Voucher Rental Assistance Program (formerly known as Section 8) is funded by the United States Department of Housing and Urban Development (HUD) and provides rental assistance to income qualified individuals and families. Applicants must be United States citizens or have eligible immigration status.

Income for casinos on the South Shore rose in July, 2016, recording a 20.03 percent gain in gaming win when compared to income from a year ago. The $27,985,039 was the highest percentage gain in Nevada.

The gaming win represents the computed income of casinos before business expenses and taxes.

This is the first month of the fiscal year, so off on a good foot.

As a state, Nevada was up 9.96 percent over last July, with $1,015,014,676 extra left behind at the table and slots. Boulder Strip casinos saw the biggest loss for the month, with their take of gaming down 8.19 percent.

Monday is the first day of school, and most parents will get several forms to fill out for each of their students, but there is one form that many may skip over if they think their children won't utilize it.

Not only does the National School Lunch Program Form give qualifying students free or reduced cost lunches and breakfasts, but it can also mean a few million dollars for the Lake Tahoe Unified School District (LTUSD) annually.

The Food Bank of El Dorado County will be stopping by South Lake Tahoe on August 24 with their truck full of fresh fruit and vegetables and other emergency food supplies for those in need.

There is one allocation of supplies available for each qualifying household at the pantry distribution which will take place at the American Legion Hall at 2748 Lake Tahoe Blvd. from 10:00 a.m. to 11:00 a.m.

It was an overflowing crowd at the Tahoe Beach Retreat on Wednesday evening at the housing forum hosted by the Tahoe Regional Young Professionals. A well informed panel of experts in the field of affordable housing answered a slew of questions from both the in-house crowd, and those able to ask from home via a live-stream telecast.

What was evident after two hours of discussion is that there is no one single answer to the issue of affordable housing and it will take much more than a wave of a magic wand to bring about a solution.