In The News: Molasky Family Department of Economics and Real Estate

Forbes

Las Vegas is known as America’s playground, a place where adults can indulge in their vices and leave it all behind. But when it comes to turning a profit, sin is less important to Las Vegas Strip casino operators’ bottom line than business conferences and tour groups that fill hotel beds and restaurant dining rooms from Sunday night through Wednesday night.

Vegas Inc

Las Vegas is home to the most financially stressed population in America because of the economic crisis brought on by the pandemic, according to a report released this week.

Las Vegas Review Journal

The coronavirus pandemic continues to wreak havoc on the valley’s casino-heavy economy, but there are still “help wanted” signs to be found.

Casino.Org

Gross Gaming Revenue (GGR) in the locals’ casino region near Las Vegas jumped 10 percent in August compared to the month in 2019, according to recently released data.

CBS Austin

The aviation industry has been among those hardest hit by the coronavirus pandemic, but federal assistance has so far enabled most airlines to avoid widespread layoffs. With that protection nearing its end, executives and labor leaders are pressing Congress to approve more aid, but it is not yet clear if further help is coming.

Bankrate

In 2020, there were 39,829 forest fires across the United States. Combined, they damaged 4 million acres in total. Ninety percent of fires are caused by people. This means that whether they’re caused by power lines, arson, or cigarettes, a majority of what you hear on the news could have been prevented. Of course, this means the remaining 10 percent of wildfires caused by nature are unavoidable.

Casino.org

Las Vegas gaming business is rebounding on weekends, says a casino industry chief. However, Jim Allen, the Hard Rock International Chairperson, says weekdays have remained “soft.”

KLAS-TV: 8 News Now

As convention cancellations continue in Las Vegas over COVID-19 concerns, the economic impact spans across multiple industries, affecting businesses many wouldn’t imagine.

Nevada Business

April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country.

KSNV-TV: News 3

The coronavirus pandemic has been a financial nightmare for many in the Las Vegas valley including hair salon owner Lisa Ortiz.

Forbes

If you’ve headed to a store recently, you may have noticed signs requesting exact change. Some stores are claiming there’s a coin shortage because U.S. Mint closures have affected the coin supply right now and they don’t have enough change on hand for customers.

ZeroHedge

As economists around the world try to make sense of the coronavirus pandemic's growth-destroying capacity, a team at Bankrate.com has devised a simple measure of 'economic hardship' to measure how much the outbreak in the US has harmed each state. BR's index comprises measures of unemployment and mortgage delinquencies (two critical signs of personal financial peril) to judge how the people of every state have fared since the outbreak began.