In The News: Lee Business School
Plywood covered entryways that weren't even designed to have doors. Streets once choked by bumper-to-bumper traffic and sidewalks stuffed with tourists now were deserted. The unnatural calm on the Las Vegas Strip came after Gov. Steve Sisolak's mid-March order to close casinos in an effort to stop the spread of coronavirus.
Volan Technology has been recognized with the Lee Prize Nevada Innovation Award by the UNLV Lee Business School. Selected from 250 proposals submitted from 32 states and nine countries, Volan Technology, one of eight winners, won due to its advanced solution for enterprise-scale, precise and private contact tracing software enabling hospitality operators to make dramatic improvements in virus prevention and save millions of dollars in manual tracing. The AI-based technology also enables organizations to report and respond to emergencies with extraordinary speed and accuracy.
Five teams of entrepreneurs have been awarded $900,000 combined to help the hospitality, entertainment and travel industries recovery from the COVID-19 pandemic.
Las Vegas is home to the most financially stressed population in America because of the economic crisis brought on by the pandemic, according to a report released this week.
The COVID-19 recession is now hardly impacting employment for high-wage workers, while job losses continue for low-wage workers — according to new labor data from the Opportunity Insights economic tracker. Employment rates are nearly back to pre-pandemic levels for salaries over $60,000 per year, while employment for workers who earn under $27,000 is down 19% compared to January.
Financial adviser Ana Raviña used to travel overseas almost every week of the year, hopping from one hotel to the next. As part of her job in international development, she regularly flew to Latin America and Africa. She also traveled widely around Europe to meet with donors, investors and clients.
The coronavirus pandemic continues to wreak havoc on the valley’s casino-heavy economy, but there are still “help wanted” signs to be found.
Gross Gaming Revenue (GGR) in the locals’ casino region near Las Vegas jumped 10 percent in August compared to the month in 2019, according to recently released data.
Since COVID-19 swept the nation, the housing market has been shrouded in uncertainty. In the spring, shelter-in-place mandates brought the real estate industry to a screeching halt. However, as restrictions have been lifted, real estate sales have soared in suburban markets.
Great Lakes cruise lines, much like their international industry peers, are feeling the challenges of operating in a pandemic but have high hopes that their ships can be back in the water for 2021 and bringing new cruising options for eager travelers.
President Trump claimed at a Saturday campaign rally that Democrats are "trying to rig" the upcoming presidential election, warning supporters that 80 million "unsolicited" ballots would be sent to voters across the country. Mr. Trump did not provide any evidence to support that claim.
President Trump claimed at a Saturday campaign rally that Democrats are "trying to rig" the upcoming presidential election, warning supporters that 80 million "unsolicited" ballots would be sent to voters across the country. Mr. Trump did not provide any evidence to support that claim.