Experts In The News
CGTN's Rachelle Akuffo spoke to David G. Schwartz, gaming historian and Associate Vice Provost for Faculty Affairs, University of Nevada, Las Vegas, about how the pandemic is affecting the gaming hubs of Las Vegas, Macao and beyond.
Revenue from casinos in numerous U.S. states plunged in March as the coronavirus forced the shutdown of in-person gambling across the country in the middle of the month.
Nevada could have the largest number of unemployed workers in the US due to the coronavirus pandemic. In a state where an estimated one in three workers is employed by the leisure and hospitality industry, 320,000 Nevada workers are at risk, twice the number in the late 2000s, which could push Nevada’s unemployment rate above 30 percent, according to a recent report by Las Vegas-based economic research firm Applied Analysis, reported by The Wall Street Journal.
Revenue from casinos in numerous U.S. states plunged in March as the coronavirus forced the shutdown of in-person gambling across the country in the middle of the month.
Casinos with fewer than 500 employees can participate in the Small Business Administration’s Paycheck Protection Program if their gaming revenue last year was less than $1 million and comprised less than half of business revenue, under new SBA guidance.
As Nevada enters the second month of the coronavirus shutdown, most residents remain hunkered in their homes and the extent of the economic devastation continues to spread. But we may take solace in the increasing evidence of progress — locally, nationally and worldwide — in the fight against this pandemic.
With the effective closure of the Strip by the coronavirus pandemic, job losses have soared to record levels in Nevada.
With the Strip effectively closed by the coronavirus pandemic, job losses have soared to record levels in Nevada.