Is Nevada Tourism’s Future Boom or Bust? Specialists Have Varied Viewpoints

Is Nevada Tourism’s Future Boom or Bust? Specialists Have Varied Viewpoints

The tourism industry in Las Vegas has recovered all but 1.3 percent from the fallout that is devastating of recession, but what lies ahead for Sin City’s visitor growth for the following five years? It depends who you ask.

Las Las Vegas tourism continues to flourish, but several factors could hamper expansion that is future from terrorism to airline pilot shortages.

Several facets point toward slower growth, nevertheless the recovery from the 2008 Great Recession is practically complete.

That’s according to UNLV’s Center for Business and Economic analysis director Stephen Miller, whom said at a presentation earlier this week that Southern Nevada’s tourism economy will drop slightly, but then rebound in a capacity that is limited in 2018, based on a story in the Las Vegas Review-Journal.

Those thoughts are in direct contrast to those of officials during the Las Vegas Convention and Visitors Authority (LVCVA). Execs there think that indicators point toward an upsurge in site visitors, continuing a trend they’ve seen going back 3 years.

Tourism Records Broken

Visitor numbers in nevada have been spiking since 2015. Occupancy rates in hotels, also average room that is daily, have actually additionally gone up in the previous two years, based on the LVCVA.

It has certainly been a bull market for both the Strip and downtown in vegas. In 2016, 42.9 million visitors flocked to las vegas, according to Vis Continue reading “Is Nevada Tourism’s Future Boom or Bust? Specialists Have Varied Viewpoints”

Nj’s Frank Pallone Petitions Trump Administration to Support PASPA Review

Nj’s Frank Pallone Petitions Trump Administration to Support PASPA Review

New Jersey Congressman Frank Pallone is continuing his efforts to bring legalized sports gambling to Atlantic City casinos and horse racetracks in the Garden State.

US Rep. Frank Pallone desires the US government to keep out of sports betting, but before that, he needs the US Supreme Court to rule against a federal law passed in 1992.

This week to Acting Solicitor General Jeff Wall, Pallone (D-District 6) encouraged the third highest-ranking member in the Department of Justice to recommend to the Supreme Court that it consider reviewing the legal merits of the Professional and Amateur Sports Protection Act (PASPA) in a letter.

The 1992 statute that is federal it illegal for states to allow sports wagering markets to operate, but with exceptions provided for four states, which Nevada only makes use of fully today.

‘New Jersey should have the opportunity that is same continue with sports betting that is permitted in other states,’ Pallone declared.

In 2014, Governor Chris Christie (R) signed a sports bill that is betting legislation, however the NCAA, along with the NFL, MLB, NBA, and NHL, quickly interjected with a lawsuit.

Federal courts have repeatedly sided aided by the recreations organizations, and the Supreme Court is New Jersey’s last potential stand.

Separation of Powers

The solicitor general is normally called the Supreme Court’s 10th justice, she is responsible for preparing briefs for the high c Continue reading “Nj’s Frank Pallone Petitions Trump Administration to Support PASPA Review”

Rough Rock Atlantic City Targets Memorial Day 2018 Opening

Rough Rock Atlantic City Targets Memorial Day 2018 Opening

Hard Rock Atlantic City will reopen to guests next Memorial Day weekend should the company’s $500 million renovation remain on schedule.

Once the former Trump Taj Mahal opens as intense Rock Atlantic City, the resort will celebrate the genre of rock ‘n’ roll.

That’s in accordance with company officials whom say the facelift will transform the former Trump Taj Mahal property in to a rock ‘n’ roll-themed casino resort.

Hard Rock, owned by the Seminole Tribe of Florida, purchased the shuttered Taj Mahal in March for simply $50 million, pennies on the dollar compared to what President Donald Trump paid to construct the resort in the 1980s that are late. The former estate that is real and casino businessman turned politician and now president spent over $1 billion constructing the Boardwalk location.

Showing up prior to the Casino Reinvestment Development Authority (CRDA), complex Rock Overseas Senior VP of Design and Construction Joe Emanuele revealed, ‘We wish to start demolition by the following month and complete construction by August.’

Upping the Ante

Tough Rock had initially planned to spend $300 million refreshing the Taj, but upon further inspection, understood more capital was required to rid the Indian-themed décor.

‘The amount of cash we’re going to need certainly to spend to remove dozens of minarets and all that purple,’ Hard Rock Chairman Jim Allen said final thirty days. ‘Jesus! What had been we thi Continue reading “Rough Rock Atlantic City Targets Memorial Day 2018 Opening”