No one knows how many people will be in town this week when NFL draft festivities begin Thursday. But it will be a lot — almost certainly a record-breaking number — and the economic impact is expected to shatter all Las Vegas and NFL standards for a special event. Click Read more…
What happens here, only happens here’, reads the new slogan of the self-proclaimed entertainment capital of the world. Introduced two years ago to replace Las Vegas’ iconic former motto – ‘what happens in Vegas, stays in Vegas’ – the city’s mantra is emblematic of its evolution; a transformation not just Read more…
The 64th Annual Grammy Awards, originally scheduled for January 31 but postponed amid the Omicron surge, is finally set to take place this Sunday in Las Vegas. Click here to read the story at finance.yahoo.com. Discussion Questions: Why were the Grammys postponed? How might that postponement impact the Grammys? Why Read more…
Local businesses, fans, and part-time stadium workers are fearing disputes between Major League Baseball players and team owners will get in the way of the much-anticipated spring training games. Click here to read the story at wfla.com. Discussion Questions: What is revenue? What is an expense? What is profit? What must happen Read more…
The NBA has unveiled the design for its 2022 All-Star game court in Cleveland and will debut a series of NFTs to commemorate the city and the state of Ohio’s history in the NBA. Fans can scan QR codes found at various locations across downtown Cleveland to register and gain Read more…
The Buffalo Bills are seeking a new $1.3 billion National Football League stadium. The Chicago Bears are spending $197 million to acquire land that could eventually be their new home. Click here to read the story at cnbc.com. Discussion Questions: What are the different ways stadiums are typically financed? In your opinion, Read more…
Indianapolis has hosted a Super Bowl, the entire NCAA Men’s Basketball Tournament just last year and too many other championship events to count. It’s also set to host the NBA All-Star game in 2024. So why do local organizers of the College Football Playoff National Championship say Monday’s title game—and Read more…
U.S. inflation reached a 31-year high in October. The Labor Department reported the consumer price index rose 6.2% year-over-year, the fifth straight month the inflation rate had cleared the 5% benchmark. Click here to read the story at yahoo.com. Discussion Questions: What is inflation? What factors influence inflation? How does inflation impact sports teams? Read more…
If the Oakland Athletics choose to relocate to the Las Vegas Valley, one familiar partner is ready to make an offer that could be hard to resist: free land. The Howard Hughes Corp. — which owns the A’s Triple-A affiliate, the Las Vegas Aviators, and their home, Las Vegas Ballpark Read more…
Teacher Note: Consider downloading the “Super Bowl LVI Economic Impact” PPT from SCC’s website. The content is accessible by clicking the “Bonus Content” link from your account page. A new report issued by Micronomics Economic Research and Consulting, outlines significant qualitative and quantitative gains for Los Angeles when Los Angeles hosts Read more…