In The News: Office of Economic Development
Responsible gambling continues to be a priority for consumers and businesses in the gambling industry who want to ensure that their operations remain sustainable in the long term. To guarantee this outcome, many have committed significant resources to build better and more responsible gambling propositions.
UNLV researchers and the San Manuel Band of Mission Indians are teaming up for what they believe will be a transformative project in responsible gaming.
UNLV researchers and the San Manuel Band of Mission Indians are teaming up for what they believe will be a transformative project in responsible gaming.
San Manuel Entertainment Authority, an entity of the San Manuel Band of Mission Indians, Monday announced it will collaborate with the ҳ| 鶹ýӳ’s International Gaming Institute to develop a next-generation responsible gaming program.
A hyperloop public transportation system. An initiative to funnel students from marginalized communities into tech-related fields. A plan to brand Las Vegas as a “medical tourism” destination.
A new “Shark Tank” style entrepreneurial competition at the ҳ| 鶹ýӳ, tasked nine teams of students with solving one of Nevada’s most pressing problems: economic diversity.
Students give presentations during the “President’s Innovation Challenge” at UNLV in Las Vegas Wednesday, April 6, 2022. Nine student teams competed for $25,000 as they submitted solutions to Southern Nevada’s biggest challenges.
Building new ideas to move Las Vegas forward. UNLV hosted the first competition where student teams pitched their business ideas.
The number of visitors to Las Vegas exceeded 32.2 million in 2021, which was 10.7 million below the peak number of visitors in 2016. However, gaming revenue in Clark County in 2021 was $11.5 billion, which was approximately $600 million above the prior peak achieved in 2007. Occupied rooms in Las Vegas grew 70.7% in 2021, compared to 2020, from 21.2 million to 36.2 million; total occupancy for the year was 66.8%. Although the number of occupied rooms in 2021 was still 25.1% below that of 2019, ADR for the market in 2021 was a record-setting $137, and total RevPAR was $92. The impact of the COVID-19 pandemic on the Las Vegas economy has continued given the market’s reliance on visitation and conventions. Continuing development of numerous gaming, lodging, and entertainment venues enables the market to retain its status as a premier entertainment destination. This article examines the trends and market developments affecting the Las Vegas hospitality market.
Nevada’s Esports Technical Advisory Committee had its first meeting Tuesday, taking its first step toward moving Nevada further into the multimillion-dollar esports industry, debating best practices for its execution in the state.
On February 22, the National Council of Legislators from Gaming States (NCLGS) announced a new collaboration with the ҳ| 鶹ýӳ International Gaming Institute (IGI). Its goal is to further expand NCLGS programming, content, research and presentations at its 2022 and 2023 Summer and Winter annual meetings.
Technology has been changing the way society operates: from health to entertainment, going through education and even on financial terms, new tools such as artificial intelligence have begun taking over aspects of everyday life.