Nevada
Nevada to divest from gun, ammunition manufacturers in wake of mass shootings – The Nevada Independent
Nevada plans to divest tens of tens of millions of {dollars} away from companies concerned within the manufacture or sale of assault weapons.
Treasurer Zach Conine made the announcement Thursday morning, and in an interview with The Nevada Unbiased, stated the instruction to divest from these firms will apply to an estimated $89 million out of the $49 billion funding portfolio managed by the treasurer’s workplace.
He stated the explanations for the choice to divest from assault weapon-linked property have been twofold — first, due to the monetary danger related to continued funding in more and more scrutinized firms that make or promote assault weapons, and secondly, as an ethical response within the wake of current mass shootings, together with the college taking pictures in Uvalde, Texas, that left 19 kids and two lecturers useless.
“Frankly, our workplace is unwilling to proceed to bear the ethical danger of getting investments in firms that revenue from the creation of a factor that is killing folks,” he stated.
The coverage will happen instantly for 4 of the 5 funding funds managed by the treasurer’s workplace. They embrace:
- Nevada’s Basic Portfolio, value $7.2 billion
- The Native Authorities Funding Pool, value $2.4 billion
- The Everlasting College Fund, value $527.45 million
- Nevada Larger Training Pay as you go Tuition Belief, value $405.15 million
Underneath the plan, the treasurer’s workplace will interact in a evaluation of all state investments within the 4 non-School Financial savings Plan funds, and analyze all property in firms that manufacture or promote computerized weapons on a case-by-case foundation. The $89 million determine comes from an preliminary evaluation of state investments, however may change based mostly on employees evaluation.
Conine, a Democrat first elected in 2018, stated the workplace won’t instantly or essentially divest from all property linked to assault weapons. Slightly, employees will first decide whether or not divesting will trigger “monetary hurt” to the state, and if that’s the case, the state won’t instantly divest from that asset. The workplace will even evaluation whether or not promoting the asset previous to maturity would trigger monetary hurt to the state, and if that’s the case, not divest the asset and as a substitute maintain it till mature.
“We found out a solution to do it that wasn’t going to place the state at any potential lack of capital, which was actually essential because the state’s fiduciary,” he stated. “I want we would performed this sooner. However it’s one thing we will do, and it is higher to do it now than do it tomorrow.”
The coverage for the Everlasting College Fund will likely be adopted instantly, whereas the insurance policies for the opposite three funds will go earlier than the State Board of Finance for formal approval. Nonetheless, he stated the coverage would instantly arrange a display and forestall the state’s monetary equipment from investing additional in that class of enterprise.
Conine stated his workplace will current a proper decision to the board of the state’s School Financial savings Plans of Nevada to “encourage divestiture” of property held in firms that manufacture or promote assault weapons. The School Financial savings Plan’s belief fund — which is not directly managed by a separate 529 funding agency, and ruled by a five-member board — is value about $38.8 billion.
Slightly than pursue the coverage by means of a change in state regulation, Conine stated he thought it was applicable for the state treasurer to make selections in regards to the state’s funding portfolio based mostly on particular person “expertise and experience.” He stated his employees has briefed Gov. Steve Sisolak’s employees on the plans, and felt “very comfy” after conducting an inner authorized evaluation of the coverage change.
Nonetheless, he tacitly acknowledged that an inner coverage might be reversed if he have been to lose re-election later this 12 months. Within the common election, Conine will face both businessman Manny Kess or Las Vegas Metropolis Councilwoman Michele Fiore — an enthusiastic supporter of firearm rights.
Different states have taken motion to divest or transfer away from monetary pursuits in firearm or ammunition manufacturing firms — most notably Connecticut, the place the state’s treasurer took steps in 2019 to divest about $30 million from firearm-related property.
Conine stated he would assist adjustments to Nevada gun legal guidelines, together with capability limits on ammunition magazines, elevating the age to buy assault weapons and an growth of background checks and “purple flag” legal guidelines. He acknowledged that this coverage change wouldn’t outright cease all gun violence or future mass shootings, however stated “each individual in elected workplace who has a lever to tug, who has a factor that they will do ought to try this work.”
“There isn’t any worth in these investments, there isn’t a worth on the time we spent signing youngsters up for Kick Begin, there isn’t a worth within the time we spent ensuring that pay as you go tuition is solvent, there isn’t a worth in any of that if that child is useless, is slaughtered, as a result of they have been within the unsuitable classroom,” he stated.
JETT/Terrible’s Gaming announced the launch of Terrible’s Mobile Gaming, a new real-money five-card draw poker app available in Nevada, according to a press release.
The multi-player game includes features such as Royal Flush bonuses of up to $4,500 and four-of-a-kind payouts up to $175. To celebrate the app’s launch, Terrible’s Mobile Gaming is offering a deposit match of up to $500 each week.
Terrible’s Mobile Gaming is available for download on iOS and Android devices.
“JETT/Terrible’s Gaming and the Terrible’s brand in general have been making life more convenient for Nevadans for over 65 years,” said Tim Herbst, president of JETT Gaming & Terrible Herbst Inc. in a statement. “Now, we are excited to bring that same level of convenience to mobile gaming—delivering the excitement of Multi-Player 5 Card Draw Poker directly to our customers, wherever they are, and within the palm of their hand.”
The app is available in collaboration with Real Gaming, the igaming platform co-founded by South Point casino-hotel owner Michael Gaughan and tech entrepreneur Lawrence Vaughan.
“Nevada players know that both the JETT Gaming and Terrible’s Gaming brands mean convenience, and that’s exactly what we’ve delivered,” Vaughan said in the news release.
Culinary Local 226 ratifies Fontainebleau Las Vegas labor contract
Members of Culinary Union Local 226 recently voted to ratify a labor contract with Fontainebleau Las Vegas. According to the union, 99.6 percent voted in favor of the labor deal.
The new contract covers nearly 3,300 non-gaming employees at the Fontainebleau casino-hotel, located at the north end of the Las Vegas Strip. It is the first labor contract with the new resort, which opened in December 2023.
According to previous reports, the Culinary workers’ contract is for slightly less than five years, timed to match the span of the citywide contracts agreed to at the end of 2023 and the beginning of 2024 with other Strip operators.
The deal with Fontainebleau comes as Culinary Local 226 workers at the off-Strip Virgin casino-hotel have been striking for more than seven weeks. The union rejected the casino-hotel’s invitation to arbitration in late December.
Sports wagering
Two U.S. states that haven’t legalized sports wagering are making efforts to win approval in 2025.
Oklahoma state Sen. Dave Rader has introduced legislation in the Sooner state to modify the state’s compact with tribal casinos there to allow betting on sports. The bill’s first reading is scheduled Feb. 3.
Under Rader’s proposal, tribes would be required to pay the state 5 percent of the first $5 million in gross gaming revenue, 6 percent of the next $5 million and 7 percent for any revenue over $10 million as a fee.
A bill introduced in Oklahoma last year never made it out of committee.
In Minnesota, state Sen. Matt Klein said he will reintroduce a bill that failed to win approval last year early in that state’s legislative session. The session opens Jan. 14 in St. Paul.
Bill opponents have blocked passage because of fears of gambling addiction and family bankruptcies. Klein said his legislation has protections that would make it the safest sports-betting law in the country.
Washington D.C. and 38 U.S. states have legalized sports wagering and Missouri is establishing rules and regulations to begin this year.
Raising the age limit
New Hampshire lawmakers will consider raising the minimum age to place a sports bet from 18 to 21 under a bill that is expected to be reviewed Wednesday by the state’s House Ways and Means Committee.
New Hampshire is one of seven states and Washington D.C. that set the minimum gambling age at 18 and most neighboring states — Massachusetts, Connecticut, Vermont, Maine, and New York — have 21 as their minimum age.
If signed into law, the bill would likely take effect in mid-2026. Lawmakers will take into consideration the possible loss of $640,000 a year in gaming revenue with the age increase.
DraftKings is the only online sports-betting option in the state.
Macao
Gross gaming revenue in Macao totaled $28.3 billion (U.S.) in 2024, a 23.9 percent increase over 2023, the special administrative region’s Gaming Inspection and Coordination Bureau reported last week.
December revenue of $2.3 billion was off 2 percent from a year ago and was the first month in 2024 to have less monthly revenue than in the previous year.
October was the strongest month of the year with revenue of $2.6 billion.
By comparison, Nevada’s October gaming revenue total was $1.286 billion.
LAS VEGAS, Nev. (FOX5) – Nevada State Police said a 51-year-old North Las Vegas man died in a crash at Red Rock Canyon.
The crash happened Thursday, Jan. 2 at 2:25 p.m. near Red Rock Canyon and Fossil Ridge roads.
Police say Shawn Raymond Pierson drove too fast during a curve and drove left of center into the eastbound travel lane as traffic approached.
Pierson struck a broken paddle marker base and overturned. Police say he died at the scene.
The investigation is being conducted by the Nevada State Police Highway Patrol – Traffic Homicide Unit.
2025 Year to date: The Nevada State Police Highway Patrol Region 1 (Southern Command) has investigated 1 fatal crashes resulting in 1 fatalities.
2025 fatalities details preliminary and may change/be updated based on final investigation.
Copyright 2025 KVVU. All rights reserved.
A body found in the Nevada desert is believed to be a teenager who went missing last week after a family dispute.
Police in the city of Henderson said in a statement that the body matches the description of 17-year-old Jennaleah “Jenna” Hin.
Hin was reported missing on December 30, 2024, after she left the home in Henderson following a family issue.
“It’s just a normal family dispute, you know, that teenagers have with their parents. Nothing out of the ordinary,” Mark Speer, Red Rock Search & Rescue commander said.
She said something to the effect of, “You don’t have to worry about me anymore,” according to Speer, the Las Vegas Review-Journal reported.
Hin did not have a phone or money on her the night she disappeared, her family members said, according to CBS affiliate KLAS.
On Sunday, Henderson police responded to an area of the desert just east of Desert Sunflower Circle and Spanish Needle Street around 10:42 a.m. after a K-9 unit was alerted to her scent, officials said. They discovered a “deceased female” who they say matches the description of Hin.
According to their “preliminary investigations, there does not appear to be signs of foul play,” police said.
The Clark County Coroner’s Office will release official identification of the body, pending notification of next of kin.
A cause of death has not been revealed.
The discovery of the body comes just two days after her mother pleaded for the public’s help in finding the teen at a press conference on Friday.
“Jenna, wherever you are or whoever you’re with, I just want you to come home,” Hin’s mother, Jennifer Swanson, said, according to the Las Vegas Review-Journal. “I want you safe. We love you so much — please come home.”
On Sunday afternoon, her mother shared a photo of Hin on her Facebook page, writing “Jenna, I love you… Where are you, who are you with, who has you, please come home…”
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