Posts Tagged ‘Economic Forecast’

December 19, 2012

A Slow Grind

Limited development projects, Internet poker debate will occupy gaming in 2013

The Linq won’t be confused with CityCenter.

Then again, analysts have said the last thing the Strip needs right now is another massive hotel-casino complex. The Las Vegas gaming market is still in economic recovery mode after the recession sent gaming figures crashing back to 2004 levels.

Through September, Strip gaming revenues have increased 2.5 percent over the same nine months of 2011, lending some to speculate that the market is slowly coming back.

This brings us back to The Linq.

As 2013 unfolds, the $550 million nongaming Linq is one of three Strip construction projects expected to heat up during the year.

More…


December 18, 2012

Vegas Economy Crawling out of the Muck

Respectable numbers expected for late 2013

Las_Vegas_63A local economic forecast calls for single-digit unemployment, rising personal incomes and surging new-home permits.

But you’ll have to wait a while – until the second half of 2013 at the earliest. What’s more, uncertainty about regional, national and global economic trends could deep-six local recovery.

That’s according to an economic outlook released Monday by the Center for Business and Economic Research at the University of Nevada, Las Vegas. The forecast, presented to 200 local businesspeople and policymakers at the M Resort in Henderson, was full of hopeful projections, but the overall message counseled patience. Short-term trends look slightly positive, but serious breakthroughs in hiring, population growth and other indicators are half a decade away.

More…