Las Vegas has a wave of new entertainment jobs. But do they diversify the economy? By Eli SegallLas Vegas Review-Journal September 24, 2025 - 5:00 am With concerts at the Sphere, Raiders games at Allegiant Stadium and Formula One racers flooring it, Las Vegas has upped its offerings outside casinos in recent years. The surge of new entertainment provides more reasons to visit Vegas, or at least more places to spend money, and boosts a segment of the local workforce. But a big question remains. Does it diversify Las Vegas’ tourism-heavy economy? From a data standpoint, it doesn’t, as entertainment jobs are part of Las Vegas’ already-dominant leisure and hospitality sector. Experts who track the local economy say that more shows, sporting events and the like diversify and enhance the region’s main industry. But they had differing views on whether this makes Southern Nevada, with its track record of economic booms and busts, more resilient to a broader slowdown — a pressing issue yet again this year as tourism slumps. David Schmidt, chief economist with the Nevada Department of Employment, Training and Rehabilitation, said the question of whether increased entertainment helps insulate [...]

Regional US casinos cash in as gamblers shun pricey Vegas trips Stephanie Stacey in London and Taylor Nicole Rogers in New York Published Sep 22 2025 Casinos around the country enjoy an unexpected revival as the Nevada hotspot falls victim to the spending slowdown Regional US casinos are benefiting at the expense of Las Vegas as gamblers cut back on expensive vacations to the city, in another symptom of the growing consumer caution sweeping the US. Gross gaming revenue — the difference between sums wagered and the winnings paid out — was up 5 per cent in July and 6 per cent in August at casinos outside Nevada, compared with the same months in 2024, according to published state gaming reports collated by Barclays Research. Brandt Montour, an analyst at Barclays, said the outperformance of regional casinos has come “at the expense” of those in Las Vegas, where the number of domestic and international visitors, particularly from Canada and Mexico, is declining. Almost 8 per cent fewer people visited Las Vegas in the year to July compared with the same period in 2024, according to figures from the Las [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics (May 09, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: CPI (MoM) reversing sign from -0.1% to 0.2% Retail Sales (MoM) decreasing from 1.5% to 0.1% PPI Final Demand (MoM)reversing sign from -0.4% to 0.2% READ THE ORIGINAL ARTICLE

Developers address challenges of valley’s development BY BUCK WARGO LAS VEGAS BUSINESS PRESS April 22, 2025 - 9:55 am The Southern Nevada Chapter of NAIOP hosted its April breakfast meeting on future development in the Las Vegas valley that portrayed challenges ahead for the marketplace. Entitled “Building Up or Sprawling Out: The Southern Nevada Growth Debate,” the April 10 meeting of the development organization at The Orleans included Frank Maretti, founder of G2 Capital Development; Guy Martin, president of Martin Harris Construction; and John Restrepo, principal of RCG Economics. Steve Neiger, principal of CAST, moderated the discussion that examined the region’s potential shift from horizontal expansion to high-density infill development. “Nevada is a unique state and Southern Nevada is even more unique in terms of federal ownership,” Restrepo said. “The idea that we have lots of land to develop is not true compared to other states. Some 89 percent to 90 percent of Clark County is controlled by the federal government and various federal agencies. We’re limited in our land resources, and we’ve known it. We’ve just not done enough to move things along in terms of getting more [...]

Tariffs, Layoffs, Have Consumers Depressed March 31, 2025 By Las Vegas Private Lenders LLC Consumers are feeling the funk and it’s not yet Liberation Day (April 2). The University of Michigan index came in at 57 this month, the lowest level in three years, marking a decline from 64.7 in February and 79.4 a year ago. Two-thirds of consumers expect higher unemployment in the next year, the highest reading since 2009, reports the Wall Street Journal. “There’s a very broad consensus that the outlook has weakened compared with February,” Joanne Hsu, the survey’s director told the WSJ. “Consumers are worried about a whole bunch of things at this point,” she added, citing downbeat survey responses about employment, inflation and personal finances. Elon’s DOGE boys are running with chainsaws and big, small, reciprocal, or whatever kind of tariffs look eminent.  David Ricardo’s comparative advantage is getting no trunk at the White House. High Tower Las Vegas and RCG Economics, in their latest Fact Pack! put some numbers to the consumer doldrums. U.S. employers announced 172,017 layoffs in February, up 245 percent from January and the highest monthly count since July 2020. More than one-third — [...]

NAIOP Southern Nevada Presents “Building Up or Sprawling Out: The Southern Nevada Growth Debate” at April 10 Breakfast March 26, 2025 By B&P Industry experts will debate the Las Vegas Valley’s development future at NAIOP Southern Nevada’s April 10 breakfast meeting, “Building Up or Sprawling Out: The Southern Nevada Growth Debate.” The panel includes Frank Maretti, founder of G2 Capital Development; Guy Martin, president of Martin Harris Construction; and John Restrepo, principal of RCG Economics. They will examine the region’s potential shift from horizontal expansion to high-density infill development. Steve Neiger, principal of CAST, will moderate the discussion. The breakfast meeting sponsor is American Nevada Realty. As Southern Nevada’s premier commercial real estate association, NAIOP brings together the brightest minds through dynamic monthly gatherings. From insider market insights to game-changing strategies, its programs give members a competitive edge in this evolving industry. Whether you’re a seasoned pro or new to commercial real estate, NAIOP invites you to experience what makes it the region’s most vital industry network. To register or for more information, call (702) 798-7194 or visit www.naiopnv.org. When: Thursday, April 10 7:30 a.m. – Arrive at the Orleans Hotel [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics (March 14, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Retail Sales (MoM) reversing sign from -0.9% to 0.6% Housing Starts increasing from 1366K to 1385K Existing Home Sales decreasing from 4.08M to 3.93M READ THE ORIGINAL ARTICLE

Economist says he’s ‘optimistic but not delusional’ on Vegas economy BY BUCK WARGO LAS VEGAS BUSINESS PRESS March 11, 2025 - 9:17 am As the stock market pulled back further Monday amid worries of an economic slowdown caused by new tariffs, an economist has outlined his concerns and bullish prospects for Southern Nevada along with the importance of adding federal lands for future development. Cameron Belt, an economist with Las Vegas-based RCG Economics, an economic and real estate advisory firm, talked about what’s ahead for Southern Nevada during a presentation at the 2025 Battle Born Economic Summit sponsored by the Keystone Corp. Zach Walkerlieb, director of the board of directors for Keystone, opened the summit talking about the importance of the push by Nevada Gov. Joe Lombardo and others to get Congress to release more federal land. “We need as much land as possible,” Walkerlieb said. “It’s what will bring affordable housing back to the city of Las Vegas and Southern Nevada along with economic development and diversification.” In outlining the economy, Belt cited the Federal Reserve of Atlanta’s projection of 2.3 percent GDP growth in the first quarter after a 2.7 percent [...]

By: Bloomberg Finance L.P. and Wells Fargo Economics (February 28, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Factory Orders (MoM) reversing sign from -0.9% to 1.7% Trade Balance decreasing from -$98.4B to -$129.4B Nonfarm Payrolls increasing from 143K to 170K READ THE ORIGINAL ARTICLE

By: Bloomberg Finance L.P. and Wells Fargo Economics (February 7, 2025) Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts. The most significant highlights are: Core PPI (MoM) increasing from 0.0% to 0.3% Retail Sales (MoM) decreasing from 0.4% to 0.0% Industrial Production (MoM) decreasing from 0.9% to 0.3% READ THE ORIGINAL ARTICLE