In The News: Lee Business School
Uncertainty about 2025 hovers over the Las Vegas hospitality and gaming sectors after what in many respects was a robust 2024.
California’s housing crisis began spilling into neighboring Nevada as Golden State dwellers started flocking to Silver State communities in the mid-2000s. Home prices in Nevada skyrocketed due to increased demand, just like California incomes, which were about 93% higher than those of Nevada residents moving within the state, according to a 2024 paper by Lied Center for Real Estate at the University of Nevada, Las Vegas.

Joseph Dutra remembers the sticker shock he saw for the price of cocoa beans. As the manufacturer of Kimmie Candy in Reno, Dutra’s business purchases chocolate ingredients one year in advance. Cocoa beans from Africa – also feeling the effects of inflation – cost roughly $3,000 per metric ton in 2023. In April, the market was up to $12,000, before more recently settling around $7,000.

When we talk about affordability in Southern Nevada, it's not just a numbers game. It's about real people like you and your neighbors trying to make ends meet.
The portion of Americans contributing more than a third of their income to rent has been rising for the past two decades, and today, it sits at around half of all renters, according to recently released Census data collected in 2023.

When the economy shifts no bells ring, smoke signals rise or, more contemporarily, smartphone alerts sound. You may not even notice, but economists do. So, when the Federal Reserve Open Market Committee, aka the lords of interest rates, cut rates by 50 basis points in September and another 25 basis points in November, economists and market analysts took notice.

When the economy shifts no bells ring, smoke signals rise or, more contemporarily, smartphone alerts sound. You may not even notice, but economists do. So, when the Federal Reserve Open Market Committee, aka the lords of interest rates, cut rates by 50 basis points in September and another 25 basis points in November, economists and market analysts took notice.
The Cannabis Policy Institute (CPI) at UNLV has released three new reports addressing key aspects of the cannabis industry. The reports were shared during the institute's inaugural symposium on Dec. 5 and highlighted critical challenges and opportunities related to regulatory reform, market trends, and emerging product categories.
The Cannabis Policy Institute (CPI) at UNLV has released three new reports addressing key aspects of the cannabis industry. The reports were shared during the institute's inaugural symposium on Dec. 5 and highlighted critical challenges and opportunities related to regulatory reform, market trends, and emerging product categories.

Investors have purchased approximately 131,710 homes in the Las Vegas Valley since the start of 2000, according to data obtained by the Las Vegas Review-Journal.
Splunk Inc., the cybersecurity and observability leader, today announced the University of Nevada, Las Vegas (UNLV) is raising the bar for cybersecurity education and campus security by integrating Splunk’s solutions into its student-powered Security Operations Center (SOC). Faced with the challenge of securing a large university environment with limited resources, UNLV turned to Splunk to help safeguard its campus and equip students with in-demand cybersecurity skills.

For decades, a home with a spacious backyard has symbolized the American suburban dream. But in Las Vegas, that dream is evolving as developers embrace smaller lots and denser rental communities to address the valley’s housing crisis. The trend is sparking heated debates among residents.