August 04, 2022 | The Wall Street Journal | Katherine Sayre
Vegas is still booming.
Despite inflation at a four-decade high, and jitters over a looming recession, people are flocking to the entertainment and gambling oasis. Executives with Caesars CZR 5.85% Entertainment Inc. and MGM Resorts MGM 1.17% International this week reported record-high performances for their Las Vegas properties in the latest quarter.
June 24, 2022 | Las Vegas Sun | Bryan Horwath
Despite stiff economic headwinds, local economist Brian Gordon said he wasn’t anticipating anything close to a repeat of the Great Recession that devastated Las Vegas more than a decade ago.
“I do not expect a repeat of where we were in 2008 and 2009 and the fallout that ensued,” said Gordon, principal with financial analytics firm Applied Analysis. “I think we’re more apt to be in the soft landing category.”
June 23, 2022 | Las Vegas Review-Journal | McKenna Ross
Southern Nevada’s economy saw a major rebound following the impact of the COVID-19 pandemic. But economic leaders are calling on the region’s business community to avoid complacency and keep growth going, especially as concerns of a recession loom.
The Las Vegas Global Economic Alliance pushed for “sustainable economic development” in the areas of land, water and workforce, during the group’s 42nd annual Perspective event on Thursday.
January 18, 2022 | Las Vegas Review-Journal | Richard N. Velotta
Allegiant Stadium turned out to be a perfect place to hold the Vegas Chamber’s Preview Las Vegas event.
Las Vegas Convention and Visitors Authority President and CEO Steve Hill and R&R Partners principal Billy Vassiliadis told more than 1,000 Preview attendees Tuesday that the $2 billion stadium exemplifies one of the reasons it was built with the help of $750 million in public money from hotel room taxes.
The public investment, they said, is paying off.
January 18, 2022 | Fox 5 Vegas | Jaclyn Schultz
LAS VEGAS (FOX5) -- Business leaders at Preview Las Vegas said gambling revenue booms and construction projects are paving the way forward for Nevada's economic outlook, but labor shortages continue to be a hurdle for businesses to recover.
Preview Las Vegas, organized by the Las Vegas Chamber at Allegiant Stadium, offers projections for jobs, tourism, construction and business trends for 2022.
October 15, 2021 | Fox 5 Vegas | John Huck
LAS VEGAS (FOX5) -- A Las Vegas economist weighed in on current supply chain issues and lingering worker shortages.
Jeremy Aguero is the principal at Applied Analysis. He is an economist whose research informs local businesses, investors, developers, attorneys, trade organizations, legislators and the media.
Aguero explained why we are having supply chain issues.
October 09, 2021 | KTNV | Sean DeLancey
LAS VEGAS (KTNV) — From Friday through Sunday, major sporting events have been slated to dominate Las Vegas for yet another weekend, seeing thousands of fans pour into the city still trying to recover from the pandemic's devastating economic effects.
The weekend began with a disappointing finish for the Las Vegas Aces as they were knocked out of the WNBA semi-finals with a loss to the Phoenix Mercury.
October 06, 2021 | Fox 5 Vegas | Byron Teach, Lauren Martinez
LAS VEGAS (FOX5) -- The numbers are in and the housing market in Las Vegas is showing signs that things are stabilizing despite setting records in growth.
Las Vegas Realtors released a monthly report showing record-setting numbers in September, however the report showed signs that the market was leveling out a bit.
October 05, 2021 | The Record Courier | Kurt Hildebrand
Concerns about the drought and growth have prompted a call for a temporary suspension of building permits until a water study is completed.
Commissioner Walt Nowosad used his own water bill as an illustration to show how the future water needs in Carson Valley could grow.
“We can’t predict when or if the drought will end,” he said during a presentation at the Sept. 16 county commission meeting. “But we can predict how much water is drawn from the aquifer. We can take steps that our water won’t be overdrawn by unfettered growth.”
September 26, 2021 | Las Vegas Review-Journal | Jeremy Aguero
For months, we’ve been feeling the momentum grow. Bolstered by falling COVID-19 cases and rising vaccination rates as the summer arrived, the American public showed that it was more than ready to visit Las Vegas once again to enjoy the unique experiences only our city can offer. On the Strip, visitors crowded sidewalks, packed casino floors and filled seats at marquee events, highlighted by the full opening of our newest community asset, Allegiant Stadium, which has played host to major events nearly every week since it opened on Fourth of July weekend.Read More »