News Archive

  • Las Vegas Casinos Boom Despite Fears of a U.S. Bust
    MGM Resorts, Caesars say travelers are flocking to the Strip

    August 4, 2022 | The Wall Street Journal | Katherine Sayre

    Vegas is still booming.

    Despite inflation at a four-decade high, and jitters over a looming recession, people are flocking to the entertainment and gambling oasis. Executives with Caesars CZR 5.85% Entertainment Inc. and MGM Resorts MGM 1.17% International this week reported record-high performances for their Las Vegas properties in the latest quarter.

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  • Economic analyst: Challenges on horizon but Las Vegas resilient

    June 24, 2022 | Las Vegas Sun | Bryan Horwath

    Despite stiff economic headwinds, local economist Brian Gordon said he wasn’t anticipating anything close to a repeat of the Great Recession that devastated Las Vegas more than a decade ago.

    “I do not expect a repeat of where we were in 2008 and 2009 and the fallout that ensued,” said Gordon, principal with financial analytics firm Applied Analysis. “I think we’re more apt to be in the soft landing category.”

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  • Sustainability key to Southern Nevada’s growth, speakers say

    June 23, 2022 | Las Vegas Review-Journal | McKenna Ross

    Southern Nevada’s economy saw a major rebound following the impact of the COVID-19 pandemic. But economic leaders are calling on the region’s business community to avoid complacency and keep growth going, especially as concerns of a recession loom.

    The Las Vegas Global Economic Alliance pushed for “sustainable economic development” in the areas of land, water and workforce, during the group’s 42nd annual Perspective event on Thursday.

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  • Allegiant Stadium investment has paid off, Preview speakers say

    January 18, 2022 | Las Vegas Review-Journal | Richard N. Velotta

    Allegiant Stadium turned out to be a perfect place to hold the Vegas Chamber’s Preview Las Vegas event.
    Las Vegas Convention and Visitors Authority President and CEO Steve Hill and R&R Partners principal Billy Vassiliadis told more than 1,000 Preview attendees Tuesday that the $2 billion stadium exemplifies one of the reasons it was built with the help of $750 million in public money from hotel room taxes.
    The public investment, they said, is paying off.

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  • Preview Las Vegas highlights recovery bright spots, how labor shortage poses challenges

    January 18, 2022 | Fox 5 Vegas | Jaclyn Schultz

    LAS VEGAS (FOX5) -- Business leaders at Preview Las Vegas said gambling revenue booms and construction projects are paving the way forward for Nevada's economic outlook, but labor shortages continue to be a hurdle for businesses to recover.

    Preview Las Vegas, organized by the Las Vegas Chamber at Allegiant Stadium, offers projections for jobs, tourism, construction and business trends for 2022.

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