In The News: Department of Economics

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.

With the Strip effectively closed by the coronavirus pandemic, job losses have soared to record levels in Nevada.
Stephen M. Miller, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, gives insight into how the COVID-19 pandemic impacts American economies.
On the low end, Penn National Gaming is burning through $6.4 million daily having just 5.2 months before running out of cash, the report said.
On the low end, Penn National Gaming is burning through $6.4 million daily having just 5.2 months before running out of cash, the report said.
On the low end, Penn National Gaming is burning through $6.4 million daily having just 5.2 months before running out of cash, the report said.

Demand for electricity is beginning to weaken in parts of the U.S. hardest hit by the coronavirus and could fall further in coming days as shelter-in-place orders spread, following a path taken by Italy’s industrial region.

Rising fears over the novel coronavirus (COVID-19) throughout the United States and Nevada have brought the concept of a federal mandate for paid sick time off back into the limelight.
The casino employees are the front line soldiers in the battle to contain any potential transmission of COVID 19. Hotels and casinos are releasing few details about plans if an outbreak takes place in Las Vegas.

As coronavirus grips the globe, government agencies and employers are giving advice that could be problematic for this tourism mecca: Travel less.

As coronavirus grips the globe, government agencies and employers are giving advice that could be problematic for this tourism mecca: Travel less.
There was a time in U.S. history when prosperity was more or less equitably shared across all economic classes. During the period that started just after World War II until 1978, increases in the minimum wage and the income of the median household reliably matched up with increases in productivity of the overall economy.