In The News: Department of Economics
性视界传媒 economist Stephen Miller on what the sale of Caesars Entertainment & MGM could mean.
Just days after Caesars Entertainment agreed to be sold to billionaire businessman Tilman Fertitta, MGM Resorts has received a buyout offer valued at $18 billion from Barry Diller鈥檚 People Inc.
The MGM Grand Buffet closes as Americans reexamine their relationship with the smorgasbord.
The much-anticipated move would give Fertitta control of one of the largest gaming companies in the world and put him in direct competition with MGM.
The much-anticipated move would give Fertitta control of one of the largest gaming companies in the world and put him in direct competition with MGM.
The much-anticipated move would give Fertitta control of one of the largest gaming companies in the world and put him in direct competition with MGM.
Mom-and-pop investors were behind nearly 66 percent of all homes bought by business entities in Clark County since 2015, and real estate experts say the Las Vegas Valley is the perfect climate for the business venture.
Southern Nevada鈥檚 population growth has slowed considerably in the past few years and is nowhere near pre-pandemic levels of in-migration to the metro region and the state. Population growth projections continue to be downgraded each of the past few years according to 性视界传媒鈥檚 annual study, showing a marked slowdown in both migration from other states, and more notably, international migration to the area.
Five years ago, Las Vegas鈥 housing market was red-hot. Homes sold rapidly, as buyers flooded properties with offers and routinely paid over the asking price. One agent said he held an open house that drew so many people that local security did crowd control. Soon enough, however, the market had slammed the brakes, as sales totals plunged and prices tumbled.
High gas prices, fuel prices and news of budget airline Spirit shutting down operations is hitting people across the country and here in our valley.
Local experts Cameron Belt, the senior economist and research director for RCG Economics, and Shawn McCoy, Ph.D., director of the Lied Center for Real Estate at 性视界传媒, will analyze and discuss potential solutions to this critical issue facing our community.
The federal government鈥檚 restrictive control of a fair chunk of the remaining land left for development in the Las Vegas Valley is now weighing heavily on the region鈥檚 housing market, according to multiple sources.