Nevada

Nevada’s $1 Billion Gaming Revenue Streak Reaches 18 Months

Published

2 years ago

September 30, 2022

Press Room

Nevada’s $1 Billion Gaming Revenue Streak Reaches 18 Months

Excessive Rolling: With 4 months left in 2022, Nevada is on monitor for document income.

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The beginning of faculty soccer season helped ship $1.2 billion for August—pushing the Silver state 14% forward of the 2021 document income 12 months.

Tright here isn’t any finish in sight for Nevada’s successful streak. The Silver State reported its 18th consecutive month of greater than $1 billion in playing income.

In accordance with the Nevada Gaming Management Board, Nevada collected $1.2 billion from its casinos in August, up 26.7% over the identical month in 2019. The trade shortly recovered from the pandemic-induced recession in 2020 and is holding regular as gaming income was up 3.5% in comparison with August 2021.

Casinos on The Las Vegas Strip collected $660 million, a 5.2% improve from final August. “The Strip is carrying the load,” says Michael Lawton, senior financial analyst on the Nevada Gaming Management Board.

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After a four-month downturn, the markets exterior of The Strip are again up. With month-to-month income decreases between April and July, Nevada’s different playing jurisdictions grew barely in August by 1.6%.

Slot machines did probably the most work for the state by bringing in $847.1 million, a 2.5% improve from final 12 months. Gamblers misplaced $361.4 million at desk, counter and card video games, a 6% improve. Baccarat got here in third with $96.7 million, a 4% improve, whereas sportsbooks collected $16.1 million, up 12%, and cell sports activities betting introduced in $9.9 million.

August got here in about $100 million down from July, when the state rang up $1.3 billion in gaming income—up 28.4% from pre-Covid-19 ranges in July 2019. However August is normally slower, partly because of the excessive warmth. In accordance with the Nevada Gaming Management Board, August playing income is usually down about 9% in contrast with July. The Las Vegas Conference and Guests Authority reported that 3.2 million folks got here to Sin Metropolis in August, a 6.4% improve over final 12 months. However customer quantity to the playing hub is down 11% in contrast with pre-pandemic ranges in 2019.

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Because the economic system heads in the direction of a recession, Lawton says Nevada has a pleasant buffer due to all the expansion it has skilled through the rebound. If playing income drops 10% Nevada will nonetheless be above pre-pandemic ranges. “We must fall off a big cliff to be decrease than 2019 ranges,” says Lawton. “We’re hoping if there’s a downturn, it’s not dramatic. If we see a ten% drop off, we might nonetheless have extraordinarily good numbers.”

Whereas home leisure vacationers have helped Nevada surpass pre-pandemic ranges, worldwide and enterprise journey are each nonetheless down in comparison with 2019. Because of this there’s room to develop.

Nevada is on tempo to beat its document of $13.4 billion in annual playing income it collected in 2021. By means of August, Nevada collected $9.8 billion, a 14% improve in comparison with the identical time final 12 months. “We’ve 4 extra months, and we’re 14% above an all-time document,” says Lawton.

Nevada’s streak will come to an finish, however the query is when. Hitting $1 billion in playing income every month by the remainder of the 12 months is probably going. “That’s the million-dollar query,” says Lawton. “However after I look on the market, I like what I see. I don’t see an imminent drop-off. There’s no softness on the horizon.”

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Nevada

Movies and TV shows casting in Nevada

Published

6 hours ago

April 24, 2024

Press Room

The glitz and glam of Hollywood captures the attention of Americans starting from an early age. Beyond celebrities’ Instagram Stories and red carpet poses, there are actors out there paying their dues and honing their craft in pursuit of a sustainable career or a fulfilling sideline. Submitting to casting calls is a big part of that journey.

Whether you’re a working actor or an aspiring one, you might be curious to know which movies and TV shows are casting roles near you. Backstage compiled a list of projects casting right now in Nevada, and which roles they’re looking to fill.

Open casting calls for movie and TV productions in Nevada

‘2’

– Project type: scripted show

– Roles:

—- Hope (lead, female, 18-31)

—- Dowan Tenant (lead, male, 25-40)

—- Lathrop (supporting, male, 19-27)

– Average hourly rate: $100

– Casting locations: Henderson

– Learn more about the scripted show here

‘The Legend of the Black Wolf’

– Project type: scripted show

– Roles:

—- Ally Black (lead, female, 18-28)

—- Cyrus Stryker (lead, male, 18-28)

– Average hourly rate: $75

– Casting locations: Las Vegas

– Learn more about the scripted show here

‘Snowbound Sketches’

– Project type: short film

– Roles:

—- Female Assassin (lead, 21-35)

—- The Maid of Honor (lead, female, 18-35)

– Average hourly rate: $62

– Casting locations: Las Vegas

– Learn more about the short film here

‘Love at Lookout Lake’

– Project type: feature film

– Roles:

—- Sierra Bliss (lead, female, 28-36)

—- Tyler O’Malley (lead, male, 28-39)

—- Craig Watts (supporting, male, 25-45)

– Average hourly rate: $12

– Casting locations: Las Vegas

– Learn more about the feature film here

‘Room 17’

– Project type: scripted show

– Roles:

—- Scott Green (lead, male, 30-45)

—- Naomi (lead, female, 21-35)

—- Sean Worthington (supporting, male, 40-60)

– Average hourly rate: not available

– Casting locations: Las Vegas

– Learn more about the scripted show here

‘The Veil’

– Project type: feature film

– Roles:

—- Theresa (lead, female, 25-35)

—- Selena (lead, female, 22-35)

—- Sheriff Malone (supporting, male, 45-60)

– Average hourly rate: not available

– Casting locations: Las Vegas

– Learn more about the feature film here

‘Extras for Feature Film in Las Vegas’

– Project type: feature film

– Roles:

—- Background Extras (background extra, 18-100)

– Average hourly rate: $15

– Casting locations: Las Vegas

– Learn more about the feature film here

‘Lifestyle Interview Series’

– Project type: documentary series

– Roles:

—- Interview Subject (content creators & real people, 18-100)

– Average hourly rate: $40

– Casting locations: Henderson, Las Vegas

– Learn more about the documentary series here

‘Al Pacino Photo Double & Stand In, Feature Film’

– Project type: feature film

– Roles:

—- Stand in Photo Double for Al Pacino Look-a-like (lead, male, 55-65)

– Average hourly rate: $25

– Casting locations: Las Vegas

– Learn more about the feature film here

‘Blood and Wine’

– Project type: feature film

– Roles:

—- Riley (supporting, male, 5-10)

– Average hourly rate: $27

– Casting locations: Reno

– Learn more about the feature film here

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Nevada

The 2024 Battleground Counties: Washoe County, Nevada

Published

13 hours ago

April 24, 2024

Press Room

The 2024 Battleground Counties: Washoe County, Nevada

Much of the attention each presidential election cycle centers on swing states where the outcome can have an outsize impact on who wins the White House. But candidate campaigns and political analysts also zero in on smaller areas where factors like demographics and turnout can play critical roles …

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UNLV research: fewer Californians moving to Las Vegas and Nevada

Published

21 hours ago

April 24, 2024

Press Room

UNLV research: fewer Californians moving to Las Vegas and Nevada

LAS VEGAS, Nev. (FOX5) – UNLV research shows a decline from the pandemic surge of Californians moving to Nevada.

FOX5 told you how UNLV researchers have been tracking migration trends for years, using the number of driver’s license surrenders as a metric to measure relocations.

From 2020 to 2021, record numbers of people moved from California to Nevada and Las Vegas. From 2022 to 2023, researchers noticed a decline and a further drop last year.

Californians moving to Clark County(UNLV Center for Business and Economic Research)

Professor Stephen Miller tells FOX5 that the trend is mainly tied to interest rates. Though housing is far more affordable in Las Vegas than Los Angeles, many people have either reconsidered their move or are holding off until interest rates drop once again.

“A lot of people have a low mortgage interest rate loan. So their monthly payment is pretty low. They couldn’t match that in the current market,” Miller said.

Researchers also found that fewer “work from home” opportunities limit the options for relocation. Cities such as Austin have also noticed a considerable decline.

Moving company Muscle Movers has first-hand experience with the rise and fall of residents relocating from California.

Californians moving to Nevada(UNLV Center for Business and Economic Research)

“As soon as the lockdown hit, people started bailing out of California left and right. We saw a huge boom during the lockdown for about two years and people couldn’t get out of there fast enough,” said Jeff Stelter, manager of business development. “We saw a big drop recently. This last winter was worse than the crash of 2006, 2007. It’s gotten a lot better now recently,” he said, noting that movers nationwide experienced a similar trend due to mortgage rates.

UNLV researchers also note that people are bypassing a Nevada move for other states—Texas in particular.

Muscle Movers also sees more Californians and Nevadans moving to southern states with relatively affordable real estate prices.

“Most of the people that we move out of California are moving to Texas, Tennessee, Florida, Carolinas and Georgia. Those states above any others are where all the Californians are moving to,” Stelter said.

How many Nevadans are moving to Texas? UNLV researchers are still working to track those numbers through Census data.

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