In The News: Department of Economics
Some businesses in Las Vegas will reopen Saturday after nearly two months into the coronavirus lockdown. But hospitality workers still grapple with uncertain future.
More than seven weeks after Nevada Gov. Steve Sisolak's stay-at-home orders were put in place to slow the spread of the deadly coronavirus, the bustling heart of Las Vegas remains one of the bleakest faces of the nation's pandemic-driven crisis.
The winking airport slot machines that tell visitors they have arrived in Nevada’s Sin City are turned off and wrapped in police tape; the famed Las Vegas Strip is so empty a group of bicyclists zooms down the middle on a Friday night.
A significant change at the top of Nevada's employment department was announced Tuesday with the director stepping down.
About half of Southern Nevada’s public-sector union contracts are under negotiation or will expire at the end of June, giving labor groups an immediate opportunity to accept or fight concessions to help balance government budgets devastated by the COVID-19 crisis.
Joseph Guerrero is done with the Las Vegas hospitality industry.
From 2007 to 2009, the Great Recession affected Las Vegas more than anywhere else in the United States. The Las Vegas’s economy will, once again, be dealt a difficult hand as a result of the COVID-19 global pandemic, according to Stephen M. Miller, director of the Center for Business and Economic Research (CBER) and economics professor at UNLV's Lee Business School.
Casinos with fewer than 500 employees can participate in the Small Business Administration’s Paycheck Protection Program if their gaming revenue last year was less than $1 million and comprised less than half of business revenue, under new SBA guidance.
With the effective closure of the Strip by the coronavirus pandemic, job losses have soared to record levels in Nevada.
With the Strip effectively closed by the coronavirus pandemic, job losses have soared to record levels in Nevada.
Stephen M. Miller, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, gives insight into how the COVID-19 pandemic impacts American economies.
On the low end, Penn National Gaming is burning through $6.4 million daily having just 5.2 months before running out of cash, the report said.