In The News: Center for Business and Economic Research
When the deadly coronavirus became a global pandemic in March 2020, indoor public spaces were shuttered and stay-at-home orders were issued to ensure health and safety. In a flash, Nevada saw its leisure and hospitality lifeblood quickly cut off.
Much of the unhappiness in Nevada, as in the rest of the country, centers on high costs for everyday items along with housing.
The Center for Business & Economic Research at the University of Nevada Las Vegas said the Super Bowl generates about $160 million in sports wagering in Las Vegas every year. This year's game could be record-breaking.
An 11th-hour effort last year in Carson City to greatly expand state tax breaks for the movie business died without a vote, but proponents of the handouts haven’t given up. At a UNLV forum last week, local film industry experts touted the proposal — for up to $5 billion in credits — as a viable economic development tool.
The sports renaissance in Las Vegas has had an incredible economic impact on the city.
When it comes to spectacle and celebration, few events can top the Super Bowl, and few cities can match Las Vegas. Yet over the big game’s 58-year history, the gambling mecca remained sidelined as host. Until now.
Coming off record gaming revenue for December and 2023 and the Formula 1 race in November, the Super Bowl is thrusting Las Vegas once again into the international spotlight. More records are expected to fall, including the betting handle on the game between the Kansas City Chiefs and San Francisco 49ers. The game is certain to enhance Las Vegas’ growing reputation as a sports destination.
New Year’s resolutions are as fickle as rain in the Mojave Desert.
Film industry experts called for an expansion of the state’s film tax credit program during a panel Wednesday evening.
The teams are set, the game is scheduled, and the total tab to see the first Super Bowl in Las Vegas is stacking up to be the most expensive in NFL history.
In states dependent on the dwindling Colorado River, planning is key.
Californians relocating to the Las Vegas Valley and Nevada as a whole has been a trend going back since the inception of the state itself in the 1800s. Transplants from the Golden State consistently make up roughly 30 percent of all new residents to the Silver State, according to multiple sources including U.S. Census data and UNLV population research reports.