In The News: Lee Business School
UNLV economist Andrew Woods breaks down what we know about the benefits and detractors from the Las Vegas Grand Prix.
If you were to rewind the clock 15 years, the conversation surrounding hotel investment in Las Vegas would be very different. Of course, one could say that about many major cities, but perhaps none more so than Sin City, a desert oasis that hung its hat on gaming and gluttony.
Through an analysis of Federal Bureau of Investigation internet crime data from 2022 and census data, Tiplati, an accounting software company, found Nevada had 286 victims of financial fraud per 100,000 people. The Silver State ranked just ahead of Delaware, Alaska, California and Colorado, per the report.
As with the business of logistics, where having multiple routes to deliver goods to the same destination raises reliability, network-dependent consumerism depends on multiple networks having a host computer with multiple connections operating in sync.
Details for how much Culinary Union workers will be earning under their new 5-year contracts with Caesars, MGM, and Wynn resorts have finally been released.
As Nevadans, we don't pay state income tax, so major events like the Las Vegas Grand Prix help us maintain a lot of local infrastructure. But with all that revenue comes a certain amount of sacrifice. For F1, it came in the form of serious inconvenience. So does the county really want to continue to court major sporting events and the teams that play in them?
The Formula 1 Las Vegas Grand Prix race is now in our rearview mirror. However, some locals still deal with ripple effects from the event and its preparations.
Las Vegas a sports metropolis? It’s a potentially lucrative development that could spell expansion and a broader economic base for the city; however, it comes with growing pains.
After a year of rising interest rates and lowering inflation, businesses in Las Vegas are hoping for a strong holiday season to boost their sales.
During the pandemic, Wall Street-backed companies and hedge funds significantly expanded their holdings in Southern Nevada’s single-family rental market, through both purchases and new construction. Eight of the most prolific companies now own more than 13,000 homes combined in Clark County, compared to fewer than 8,000 in 2019.
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Advertising on billboards can cost millions of dollars, have the area of ​​20 tennis courts or weigh two tons. Experts argue that even such amounts are paid off very quickly, because many such advertisements later conquer the Internet. In Poland, billboards are also experiencing a "renaissance of form". Although companies do not spend as much as in the USA or Dubai, they spend more on this advertising segment from year to year.
