Sightline Acquisition, with Kirk Sanford at the helm, is keeping up with the latest news in the Las Vegas real estate world. And the news is good.
Check out the latest headlines coming from the GLVAR, the Greater Las Vegas Association of Realtors. According to their statistics, the month of June, 2009 set a record for number of home sales in the local Las Vegas area. Nevertheless prices appear stable as the number of homes available for sale declines.
The month of June scored a record 4,702 homes, condominiums and townhouses sold. July 2009 registered in as the second highest amount of sales in a single month with just 100 less homes sold, 4,602.
The value of the transactions for just single-family homes, which are the majority of home sales, was lower than last year, but still quite impressive. June’s total value came to $634 million. July posted lower at $611 million worth of home sales, which is 3.6% less than July 2009, and 7.4% less than in June, 2008.
Kirk Sanford is running Sightline Acquisition now. Sightline, a “blank check company” invests in real estate in the Las Vegas area. This special investment fund focuses its efforts on acquiring distressed properties, both commercial and residential.
Running a casino is a complex endeavor composed of a myriad of discreet constituent parts which must come together to form an intimately well functioning whole. It is certainly no secret that one of the crucial factors contributing to a well run casino is the ease of use and quality of its cash access machines. Global Cash Access is without a doubt one of the most trusted provider of cash access products and other related services for the gaming industry; not only in the United States but all over the world. GCA provides products and services to more than 1,100 gaming facilities internationally, including North America, Latin America, Europe, the United Kingdom and Asia. In the year 2007 more than $21 billion in cash in over 80 million transactions were processed.
When it comes to servicing the gaming industry it seems that cooperation, at least in this instance, can be more profitable than competition, or so believe the companies of USA Processing, First Data Corp. and BankAmerica Corp.’s Merchant Services Inc. who sought government regulatory approval for their joint venture in the transaction processing marketplace.
Kirk Sanford, CEO of Global Cash Access of Sunnyvale, California has refrained from getting involved in the internet gambling industry. Although his company, GCA, services the vast majority of casinos in the United States, Canada and the Caribbean with point-of-sale terminals for easy and fast cash access for customers, Sanford believes gambling on the internet is another kettle of fish altogether.
You might think the phrase “responsible gambling” is an oxymoron, but at casinos in Detroit they are about to enter into the second phase of a two phase program to promote just that: Responsible Gambling.