In The News: Lee Business School

As visitation to Las Vegas trends downward and concerns about high prices, especially on the Strip, fill social media, tourism officials here are looking for a brand refresh.

For the second week, Nevada continues to suffer the fallout from a massive cyberattack. Officials took state-run websites offline on Sunday, August 24th, when they first noticed signs of the incursion. Since then, they’ve worked to create temporary workarounds to connect Nevadans with services and recovery updates. However, it appears to be slow going.
It can be difficult for hotels and casinos off the Las Vegas Strip to survive with all the upscale competition that's just a few miles down the road. Some off-Strip resorts have managed to survive for decades, but even legacy properties are vulnerable to economic uncertainty.

What happens in Vegas … could spell trouble for the U.S. economy. Empty hotel rooms, half-filled casinos and an overall feeling of dread have cast a pall on this normally bustling mecca of 24-7 entertainment.

Youth tobacco use in Southern Nevada is surging, fueled by the rising popularity of electronic cigarettes — a trend that has compelled the Southern Nevada Health District to declare youth vaping a “serious public health concern.”

Expect the Hispanic and Latino community’s contributions to the U.S. economy to be nothing short of monumental in the coming decades. Not only is this demographic expected to make up 28% of the U.S. population by 2060 — translating into large buying power. In addition, nearly one in four new businesses is Hispanic-owned.
The number of homes on the market in Las Vegas jumped a whopping 31% in July compared to the same month last year, the highest increase in housing inventory for any major U.S. metro area.

The One Big Beautiful Bill Act lowers the threshold for affordable housing developers to qualify for federal, noncompetitive Low-Income Housing Tax Credits and increase the amount of competitive credits available by 12 percent. Consulting firm Novogradac predicts these changes could result in the financing of 1.22 million additional affordable rental homes by 2035.

Just months before a massive cyberattack hit the state of Nevada, lawmakers made policy changes aiming to strengthen its cybersecurity response.

While ransomware attacks on individual government agencies are increasingly common, cybersecurity experts note that this is one of the first documented cases of a cyberattack effectively crippling nearly an entire U.S. state government.

Nevada entered its sixth day Friday reeling from a massive cyberattack that was discovered Sunday. While state and federal officials continue to investigate, here are some common questions, accompanied by answers from cybersecurity experts.

On the first day of her first-ever trip to Las Vegas, Julie Brenner said the cost of a bottle of water caught her attention. The 29-year-old from Miami said she remembered the price because even in her hometown, paying more than $5 for water would seem high. That is why it stood out to her when the very next day, the same bottle from the same store was a different price.