The state’s gaming tax is calculated based on a percentage of a casino’s win. Lost winnings means lost general fund tax revenue that supports government functions from schools to public safety.
Business Columns
People are still buying homes, and builders are still building, but the pipeline of sales is shrinking fast amid the turmoil.
There’s a reason Gov. Steve Sisolak has deemed construction an essential service because finishing Allegiant Stadium will be critical to the community’s return to normal.
Gov. Steve Sisolak last week cited one reason in particular why he let construction keep going in Nevada: jobs.
The city’s resorts have good reasons to decline sheltering the homeless during the coronavirus outbreak, even though 150,000 hotel rooms will be empty over the next four weeks.
The economy is in crisis again because of the coronavirus pandemic — but foreclosures are on pause, stopping what could have been an avalanche of repos.
With Las Vegas largely at a standstill over fears of the new coronavirus, the real estate market is bound to take a hit. But for now, construction is still chugging along.
As National Problem Gambling Awareness Month comes to a close, responsible gaming advocates are fearful that the nation’s casino closures could lead to other problems.
With fears of the coronavirus upending daily life in Las Vegas and across the U.S., the homebuilding market, like other industries, faces a scary stretch ahead.
R&R Partners principle Bill Vassiliadis has seen shutdowns and downturns before and expects Las Vegas to come back strong once the coronavirus measures are over.
Las Vegas’ economy was humming along — and then the coronavirus hit.
When a local blogger posted a rumor that The Mirage was going to close, it hurt rank-and-file employees who depend on tips and gave social media a black eye.
No one saw the shutdown of 41 casinos in Macao for 15 days and Italian soccer teams playing in empty stadiums. Will Japan’s plans for resorts be the next to see changes?
Investors paid a median of about $383,840 per acre last year for Southern Nevada land, up more than double from the depths of the Great Recession, according to figures from John Stater, Las Vegas research manager at brokerage Colliers International.
More than 60 percent of the Strip’s blackjack tables pay players $6 for every $5 wagered for a natural blackjack instead of $3 for every $2 bet on others. Is that fair?
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