• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Home 20723
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Contact
  • More
    • Opinion
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Featured Article

Famous Las Vegas magicians get millions in federal shuttered venue grants

Famous Las Vegas magicians get millions in federal shuttered venue grants
The Center Square
October 15, 2021

(Cole Lauterbach) – Sin City has no shortage of stages that suffered mightily amid the COVID-19 pandemic, and according to payouts of a federal grant program meant to help them and their employees, a significant portion went to a handful of wealthy magicians.

The U.S. Small Business Administration’s Shuttered Venue Operators Grant has distributed more than $16 billion nationally. In Nevada, 206 entities have been promised more than $193 million in two waves of grants.

The list of businesses is reflective of Nevada’s flashy entertainment industry. Included in the grant-winners are a high-flying trapeze act, exclusive nightclubs, dance troupes, festivals and others.

Four organizations were awarded the maximum $10 million allotted; Vegas mainstay David Copperfield’s Disappearing Inc. being one. Magician duo Penn and Teller’s business entity received more than $7.5 million.

Illusionist Criss Angel’s Magic Revolution not only received $6,964,936, but his production house, Angel Productions Worldwide, received $6,502,920 in a separate grant. Angel, whose real name is Christopher Sarantakos, is worth an estimated $50 million.

Also among the state’s top 10 recipients is Meleco Records, the Incline Village recording label belonging to Beach Boy founder Mike Love. The musician is reportedly worth $80 million. Meleco received $7,517,320.

According to the grant criteria, the magicians and others appear to qualify under the “live venue operator or promoter” classification. Reoccurring acts such as Copperfield’s and others have large organizations working behind the scenes to ensure the stage shows go off without a hitch.

Applicants are eligible to receive 45% of their 2019 gross revenue up to $10 million per grant. To qualify for the grant, businesses had to have been open on Feb. 29, 2020. Any federal Paycheck Protection Program loans the companies had forgiven would have to be subtracted from the total grants.

Top ten recipients in Nevada:

• $10 million: Brenden Theatre Corporation;

• $10 million: David Copperfield’s Disappearing Inc.;

• $10 million: Life Is Beautiful LLC (an annual festival held in Las Vegas);

• $10 million: The Smith Center for the Performing Arts;

• $7.6 million: Steve Beyer Productions Inc. (a promoter for cover bands and others);

• $7.52 million: Meleco LLC  (the record label of Beach Boy member Mike Love);

• $7.3 million: Buggs & Rudy Discount Corp. (Penn and Teller);

• $7.15 million: MB BC Limited Liability Company (a Las Vegas nightclub);

• $6.96 million: Magic Revolution LLC (Criss Angel, who also received another grant for $6.5 million);

• $6.88 million: Galaxy Sparks LLC (a movie theater chain).


By

Cole Lauterbach | The Center Square

Prev postNext post

Related Items
Featured Article
October 15, 2021
The Center Square

Related Items

More in Featured Article

Viguerie at 90: Still Marching Toward the Sound of the Cannons

Chuck MuthSeptember 25, 2023
Read More

UAW strike against Stellantis, General Motors expands to 38 locations

The Center SquareSeptember 24, 2023
Read More

Nevada GOP Nutbjob Joins “Firehose of Hatred”

Chuck MuthSeptember 19, 2023
Read More

GOP Civil War in Nevada over Caucus-vs-Primary Spreads

NN&V StaffSeptember 18, 2023
Read More

Wayback Machine: You Won’t Believe What I Found in My Dad’s Scrapbook

The Center SquareSeptember 17, 2023
Read More

Nevada short-term property owners take case to Supreme Court

The Center SquareSeptember 15, 2023
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Muths truth

Copyright © 2023 Citizen Outreach | Maintained by VirtualAlly

Flying the Unfriendly Southwest Skies
Las Vegas had one of the highest foreclosure rates in the country during third quarter