This page provides the latest feature content on the Nevada Banking Industry from Nevada Business Magazine, plus additional resources.
Latest Nevada Banking Industry Feature
Betting on Nevada: Gaming Industry Outlook
By Kay Foley
Originally Published: https://www.nevadabusiness.com/2020/02/nevada-gaming-industry-outlook/
Nevada’s gaming industry is the biggest employer in Nevada and the most important sector in the state’s economy. In fiscal year 2018, the hospitality industry accounted for nearly 38.9 percent of the state’s total tax revenues and supported 450,100 jobs. While economic development agencies continue their efforts to diversify the Nevada economy, gaming will continue to be its economic driver for the foreseeable future.
“Gaming remains absolutely crucial to Nevada,” according to Bo Bernhard, Ph.D., executive director of UNLV’s International Gaming Institute. “Although the Nevada economy has diversified, it has done so most successfully in areas that can easily link to the hospitality-tourism-gaming infrastructure (sports, for instance). This kind of economic diversification, one that strategically builds upon existing economic strengths, is often the most productive.”
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Nevada Gaming Industry Resources
Nevada Resort Association: The Nevada Resort Association (NRA) is the voice of the gaming and resort industry. The industry is also Nevada’s largest taxpayer, generating billions of dollars annually for state and local governments, schools and other public service providers.
UNLV International Gaming Institute: For more than 25 years, UNLV International Gaming Institute (IGI) has provided research-based solutions, cutting-edge insights, and executive education to the gaming industry.