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Research And Economic Development In The News
Record gross gaming revenue at casinos operated by the nation’s Indian tribes in 2016 has been an economic success story for tribes but has altered the landscape in Reno and Laughlin, two Nevada destinations most affected by the competition.
Well-known casino and gaming corporation Caesars Entertainment has just opened a brand-new production studio in Las Vegas, and will be planning to feature esports in the new space. Over the weekend, it even hosted its first esports event, a Gears of War pro circuit.
If you plan to take a pass on the glitzy casinos on your next trip to Las Vegas, you’ll have plenty of company. Splashy shows, upscale shopping and restaurants owned by celebrity chefs are just a few of the attractions displacing casinos as the big draws on the Strip. In 2016, 52% of Vegas visitors said vacation or pleasure was the primary purpose of their trip, and only 4% named gambling, according to a survey by the Las Vegas Convention and Visitors Authority. “As gaming expands in other parts of the country, it’s not a novelty to play the slot machines or blackjack anymore,” says David G. Schwartz, director of the Center for Gaming Research at the University of Nevada at Las Vegas.
As influential celebrities like Kim Kardashian and January Jones have done it just like other mammal species, it has become popular for new mothers to eat their placentas after giving birth. Businesses have even capitalized on the trend by offering freeze-dried placenta pills to the market.
Health officials are warning new moms about the potential dangers of taking pills made from their placenta, after an Oregon infant's infection was tied to the practice. Trendy among some mothers, the practice of eating the placenta after giving birth is believed by some to help with postpartum depression, breast milk production and energy levels. It's taken off in the last decade, touted by some celebrity moms and promoted on the internet. Now tens of thousands of U.S. moms do it, according to a rough estimate by researchers at the University of Nevada, Las Vegas.
Learning about the operational side of the casino industry today goes beyond how to deal cards or having an understanding of how slot game math works. Gaming—and the hospitality infrastructure that frames it—is big business, and more institutions of higher learning are recognizing this.
The top four floors of the Cosmopolitan hotel in Las Vegas have been vacant since the day the casino opened in 2010. But as part of a five-year capital investment plan by the Blackstone Group that shifts the hotel’s focus from culinary destination to stylish casino hotspot, they’ve finally been furnished and opened to the public.
When Oscar Gavino, 16, thought of occupations available in Las Vegas casinos, the first ones that came to mind were dealers, servers and other customer service positions on the Strip. Joining UNLV’s Young Executive Scholars (YES) Hospitality and Tourism Program this summer has changed his perspective, the North Las Vegas student said.
Hollywood Casino Columbus was the last of Ohio’s four casinos to open its gilded doors, but 4 1/2 years later, it’s pulling in more money than any of the others. Its success wasn’t a sure thing. Ohioans who were regulars at other states’ casinos had to be courted to change their habits. And then there were new competitors, as racetracks added casino-style games to lure visitors.
Japan is counting on a big tourism bump from the 2020 Tokyo Olympics, but the government wants to keep the numbers growing even after the sporting bonanza is over. One possible solution, it hopes, is by opening so-called integrated resorts -- leisure facilities that combine casinos, hotels, shopping centers and more under one roof.
The Las Vegas economy is in the midst of a major change. We have created one of the most advantageous policy environments for entrepreneurs, our economy is becoming more diverse, and industries built around innovation are beginning to emerge. According to a recent analysis released in May by the Kauffman Foundation, Las Vegas ranks fifth in the nation for business startup activity, behind only Miami; Austin, Texas; Los Angeles and San Diego.
Thirty 10th-grade students from Las Vegas’ Core Academy will get a five-week up-close look at the tourism and hospitality industry beginning next week under a new program co-sponsored by the academy and UNLV’s International Gaming Institute.
Seth Waite was checking out a possible new office location in Las Vegas for his employer, Arkansas-based RevUnit, when he walked into a neighboring business, Teamvvork, to gather some intel.
UNLV named Mary S. Croughan as its new vice president for Research and Economic Development, effective July 31.
Concerns about Sin City’s temptations have kept the NFL out of Las Vegas for years, but the relocation of the Oakland Raiders represents a shift in approach that some gaming industry experts say could beckon a new era in sports gambling.
Nevada is currently the only state allowed to perform full-fledged sports gaming operations, but that might change soon.
From helping pass legislation prohibiting sports betting in all but a few states to threatening casinos for using the words “Super Bowl” to promote their, um, “big game” parties, the NFL has a long-contentious history with Las Vegas.
The Beverly Rogers, Carol C. Harter Black Mountain Institute at UNLV has purchased the arts, literature and culture magazine The Believer. Joshua Wolf Shenk, BMI’s executive director and writer-in-residence, said BMI now is seeking a managing editor for the bimonthly journal, whose editorial operations will move from San Francisco to Las Vegas.
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