Monthly Archives: July 2015

Baccarat Numbers Drag Down Statewide Gaming Revenue

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A release from the Gaming Control Board earlier this week said Nevada gaming revenue declined more than 8% to $830.9 million during June. On the Strip, gaming revenue was down 16.3% to $445.5 million. Baccarat revenue was $64.7 million for Strip casinos during the month of June, down 53.7% over June 2014. The amount wagered… Read more »

Nevada Among States With Biggest Nonfarm Employment Percentage Increases

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Regional and state unemployment rates changed little in June, according to the latest report from Bureau of Labor Statistics. Twenty-one states and the District of Columbia had unemployment rate decreases from May, 12 states had increases, and 17 states had no change. Forty-two states and the District of Columbia had unemployment rate decreases from a year earlier,… Read more »

Las Vegas, Reno-Sparks Rank in Top 20% of New Data Analysis

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Area Development recently analyzed data from the Bureau of Labor Statistics, Bureau of Economic Analysis, U.S. Census American Community Survey, and Moody’s Analytics to determine those Metropolitan Statistical Areas (MSAs) that are creating jobs and fostering sustainable economic development. Their top 10 cities for 2015 are: Denver-Aurora-Broomfield (CO) Houston-Sugar Land-Baytown (TX) Grand Rapids-Wyoming (MI) Greeley… Read more »

Why California Matters to Nevada

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From Brookings, a new report on the top 10 port complexes in the U.S. Note that two of them are in California and thus have a direct impact on Nevada. Brookings notes that the U.S. exported and imported $4 trillion worth of international goods in 2014, second to China in activity. Brookings also notes that… Read more »

Public Policy Focus: Nevada Commerce Tax & Commercial Real Estate

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On May 31, the Nevada Legislature passed a tax package called the Nevada Revenue Plan that encompasses approximately $1.3 billion to $1.4 billion in new and extended taxes over the biennium. The measure: ·      Makes permanent certain payroll and sales tax increases that were set to “sunset” and that have been extended by lawmakers a… Read more »

U.S. Service Sector and Manufacturing Jobs Growing

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From our friends at the Center for Economic and Policy Research: July 2, 2015 Mixed Jobs Report in June By Dean Baker The Labor Department reported that the economy added 223,000 jobs in June. While this was in line with most economists’ predictions, there were downward revisions of 60,000 to the data for the prior… Read more »