Tourism Archive

Oaklawn Opens Gate to Online Gambling

by Mark Friedman 6/2/2014 12:00 am

In late December, Oaklawn launched OaklawnAnywhere.com, which allows Arkansas residents to place bets on Oaklawn races as well as races at other U.S. and international tracks from their computers, tablets or smartphones. Arkansans can be anywhere in the world when they place their bets.

Study: Oaklawn, Southland Racetracks' Impact on Arkansas Economy Near $900 Million

by Luke Jones 6/2/2014 12:00 am

Arkansas' two racing and gambling venues, Oaklawn Park in Hot Springs and Southland Park in West Memphis, contributed almost $900 million to the state's economy in 2012, or so a new study concludes.

Tribal Land in Arkansas Draws Scrutiny

by George Waldon 6/2/2014 12:00 am

Two Indian tribes have made successful forays into Arkansas to reclaim historic ties through land ownership. One was made with the aid of a gift and the other through acquisition thanks to profits from casino operations in Oklahoma.

Gambling Near Fort Smith Continues to Expand

by Marty Cook 6/2/2014 12:00 am

Western Arkansas remains an attractive target market for American Indian tribes seeking to expand their gambling business. That's borne out by a couple of planned and new projects.

Arkansas Scholarship Lottery Fights Falling Sales

by Luke Jones 6/2/2014 12:00 am

While the state's two gambling venues are predicting green pastures and growth, the Arkansas Scholarship Lottery is resigned to a second consecutive decline in annual revenue.

Boyle Redevelopment Starts With $4.6M Buy (Real Deals)

by George Waldon 6/2/2014 12:00 am

An Aloft Hotel project is trailing the $4.6 million sale of a 12-story building in downtown Little Rock. A Chick-fil-A restaurant in midtown Little Rock tipped the scales at $1.87 million. And ownership of a 10,791-SF retail project in west Little Rock was consolidated in a $345,000 transaction.

Oaklawn's Eric Jackson Sees Hot Springs Tourism Staying on Track

by Arkansas Business Staff 6/2/2014 12:00 am

Eric Jackson has worked in an administrative capacity at Oaklawn since 1978. In the 1980s, he helped develop the park's interstate full-card simulcasting with merged pool wagering system. Simulcasting of this type now accounts for 80 percent of wagering placed on horse racing in North America. He became Oaklawn's general manager in 1987 and has served on Oaklawn's board of directors since 1994.

Renovations at River Market Marriott Include Revamp of Restaurant

by Arkansas Business Staff 6/2/2014 12:00 am

The Courtyard by Marriott in Little Rock's River Market District recently completed $2.4 million in renovations that include a new restaurant, The Bistro.

Curtain To Rise on New Theater, Piano Bar in Downtown LR

by Arkansas Business Staff 6/2/2014 12:00 am

The Studio Theatre Inc., a new Little Rock theater group, has rented the former site of Balfour Printing at 320 W. Seventh St. downtown and plans not only to present plays but also to open a piano bar called the Lobby Bar.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Lindsey Co. Faces Changing Market as Golf Course Demand Drops

by Marty Cook 5/26/2014 12:00 am

Golf courses are not nearly as popular as they were 10 to 20 years ago and Lindsey Management is smart enough to adapt. There are approximately 42 Lindsey golf courses, most affiliated with an apartment complex, but there are some standalone courses.

Big Slice of Park Avenue Draws $23.4M Transaction (Real Deals)

by George Waldon 5/26/2014 12:00 am

About 70,200 SF of retail space and a two-story parking deck in midtown Little Rock weighed in at $23.36 million. Six pieces of the Park Avenue project on University Avenue were sold to Illinois trust group.

Storage Projects Draw Seven-Digit Sales (NW Real Deals)

by Marty Cook 5/26/2014 12:00 am

Virtus Real Estate Capital LLC of Austin, Texas, paid nearly $4 million for two self-storage projects in Benton County. Together, the two facilities have more than 800 storage units.

Jonesboro's Hotel Room Revenue Rises by 5.68 Percent in 2013

by Mark Friedman 5/26/2014 12:00 am

Hotels in Jonesboro generated $17.5 million from room revenue in 2013, which was up 5.68 percent over the previous year.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Governor's Suites New Burgundy Brand Could Be Kind of a Big Deal

by Arkansas Business Staff 5/26/2014 12:00 am

The west Little Rock hotel variously known as the Best Western Governor's Inn and then Best Western Premier Governor's Suites has big plans for not just a new look but a whole new personality.

Investor Sues Van Buren Stable over Racehorse's Arkansas Pedigree

by Arkansas Business Staff 5/26/2014 12:00 am

A Hot Springs woman who bought a $20,000 horse to race at Oaklawn Park in Hot Springs never got out of the gate.

Arkansas State Gets Grants for Dyess Colony, V.C. Kays Home

by Lee Hogan 5/22/2014 04:16 pm

Arkansas State University received two grants nearing a total of $1 million from the Arkansas Natural and Cultural Resources Council to be used as part of the Johnny Cash Boyhood Home project in Dyess and the renovation of the V.C. Kays House on the Jonesboro campus.

Export Awards Honor Arkansas Steel, Triangle Engineering, SweepScrub, Harris International, POM

by Mark Carter 5/22/2014 02:11 pm

Five Arkansas companies that do business overseas were honored at the fifth annual Governor's Award for Excellence in Global Trade awards luncheon.