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AMG CEO: It's Good Times for Las Vegas

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    Angel Management Group CEO Neil Moffitt weighs in on the state of business in Las Vegas.

  • Duration 4:03
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All right another -- swing state down despite unemployment eleven point 8% the highest foreclosure rate in the nation.

Nevada still is a major swing state this election.

And -- a we've signed a lot today guest at which apparently a look at what local business leaders are saying about tomorrow Adam.

And it is about employment here in Las Vegas Clark County -- H USA today just talked about the fact that if Mitt Romney wins Clark -- he could win Nevada but to talk about unemployment and how that's playing in.

To the resurgence of Las Vegas we're joined by the CEO of Angel management group bill Moffitt they run some of the night -- here and the industry the top eight revenue grossing nightclubs in the world are right here in Las Vegas one of them pure at Caesars palace this month it's gonna talk was about this.

You're about to expand a hundred million dollar expansion at things really recovered that well here.

We believe that the market -- we generated since the since 2007 and then really audiences continues to grow.

And visitation is changed primarily from -- gaming markets more of a cross -- the food and beverage giant diamond hospitality so it's it's it's good -- Las Vegas -- -- we're concerned yes.

And when we talk about Las Vegas most of us think about gaming and about resorts but we were just discussing that the demographic is now.

Seems to be catering to the twenty somethings as well as the nightclub -- every to -- was -- Prince Harry here at fact one of your clubs that but it wet republic.

But these these nightclubs generate up to eighty million dollars the top nightclubs that's an astronomical figure.

It absolutely is but I think most what Las Vegas is done -- has really been able to say this several demographics of people so.

And what do you 21 years of racism market is -- over the you'll -- for forty years of age.

We can tech -- exceptionally well in Las Vegas he's unique enough facts so why is Angel management group committing to a hundred million dollars an expansion to discuss some of the partnerships you just announced.

And we've announced a partnership with -- Pakistan we build enough projects in the MGM ground.

And that 75000 square feet we're gonna -- over 300 -- jobs in the prophesy.

And we believe it or redefine the experience in Las Vegas and set a new benchmark which will hopefully increase investment for market from -- from -- that there are purchase.

So with the employment picture here employment -- very high leads the nation and do you think that Clark County is up for grabs in this election or do you think that it's pretty solidly already decided.

Well I think that is definitely -- for grabs I think that you know this market.

Really we can tell from the visitation that we -- from the candidates that it is it is a big deal to win Clark County so I think is very much 5050 hit us -- opinion seems -- side.

But when you talk about the nightclubs what is there a percentage has anyone done a a metric on how many people employed simply by the nightclub and restaurant industry.

I'm sure they'll be CIA have the actual facts and in -- -- -- -- you know I've fixed several thousand people for example our company.

Employs over 2000 people there in this market and we've.

Grow not from a team of sixteen people over the past that is.

But wasn't that move then the restaurant and nightclub industry did to get through the recession is another the casinos and hotels at a very difficult time of it.

I think that what happened was with the loan -- the -- writes it made it made it very accessible to that to a different audience to come here and I think people kind.

And realized that this market was really an excellent markets and confidence why -- -- she said.

I had attended the highest grossing markets in the world here so wanna come here for four -- this balance and experience the -- You'll muffin on the which on the spot other you don't have to answer it any predictions will be President Obama reelected.

Or will it be Mitt Romney is as far as the voters and -- -- concerned.

I would not say news stay neutral to compliment on the spot and I think it's a 5050 coal and other than who's gonna win -- no idea.

-- thank you very much CEO of Angel management group here in Las Vegas we're going to be broadcasting live throughout today we're actually gonna talk about Las Vegas real estate.

Not leading the then nation in foreclosures but still a real problem the housing market -- and we'll speak to people about whether that's gonna play into the election is well.

That's you come under Reagan taught our swing state -- tour continues and Adam Shapiro in Las Vegas, Nevada thank.

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