In The News: Lee Business School
A mom-and-pop casino in Las Vegas is set to close in the fall, after Sin City's rip-off prices sent tourism into freefall.
The Southwest Valley has a new reason to celebrate as Costco opened its newest location, bringing hundreds of job opportunities to one of the fastest-growing areas in town.
Flight data from Harry Reid International Airport in Las Vegas shows a significant decline in Canadian tourism.
Flight data from Harry Reid International Airport in Las Vegas shows a significant decline in Canadian tourism.
As tourism slumps in Las Vegas, the residential and commercial real estate markets are showing similarly worrisome signs, according to analysts and stakeholders.
Las Vegas’ tourism-dependent economy is hitting the brakes. Visitor volume and consumer spending are tumbling in America’s casino capital, and the local unemployment rate is hovering among the highest in the country for big metro areas.
Nearly one-fifth of Nevada’s land area has been burned by wildfire in the past 40 years, landing the state fifth in the nation for land area burned by wildfires, according to a recent study by the Lied Center for Real Estate at the University of Nevada, Las Vegas.
Tourism in Las Vegas is down since last year — and tip-dependent workers, like bartenders and dealers who rely heavily on tourist traffic, are especially vulnerable, even with Trump’s ‘no tax on tips’ policy. The Wall Street Journal reports that tip incomes in Las Vegas are shrinking across the board.
The number of people arriving at Harry Reid International Airport in Las Vegas from Canada was down 65.6% in June compared to the same period in 2024. 86,698 people arrived during the month across Flair Airlines, Air Canada, and WestJet, down from 132,109 the previous year.
Nevada’s unemployment rate remains among one of the highest in the nation. According to reports its more than a percentage point above the national average. It has been among the top states for more than three years now. New numbers released Thursday show the state’s unemployment rate hovering at 5.4 percent. During July, Las Vegas added 4,200 job but with jobs added, why aren’t locals getting hired? FOX5 is getting answers from a new UNLV report.
Mortgage defaults are climbing in specific areas of the Las Vegas Valley, continuing a troubling trend. The highest number of troubled mortgages is currently coming from zip codes 89121 on the east side of town and 89108 near the historic west side, according to data analysis.
A report ranked Nevada as having the most foreclosure filings in the country, generating concerns that homeowners are falling behind on their mortgage payments.