Tag Archives: percent

Nevada joblessness rate declines to 4.4 percent in October

Wednesday, Nov. 14, 2018|11:18 a.m.

CARSON CITY– Nevada’s joblessness rate is down.

The state Department of Work, Training and Rehabilitation says Nevada’s joblessness rate dropped to 4.4 percent in October, down from 4.5 percent from September.

The department says the state’s economy added 5,100 tasks in October, with Chief Financial expert David Schmidt saying the task development extended across many industries, including building and construction, expert and company services and production.

Nevada gaming income up 1.26 percent in September

Tuesday, Oct. 30, 2018|2:27 p.m.

Nevada video gaming revenue increased 1.26 percent to $991.2 million in September compared to the exact same month a year back, the state Video gaming Control panel reported today.

The statewide jump took place in spite of the Las Vegas Strip seeing a decline in earnings, down 3.7 percent to $546 million.

An 11.7 percent decrease in table video game win was largely responsible for the weaker Strip earnings, stated Michael Lawton, senior research study analyst with the board’s Tax and License Division.

“We faced really poor hold outcomes on table games,” Lawton said. Baccarat, blackjack and craps hold portions were off, he said.

The weak table games efficiency was partially balanced out by a 5 percent boost in the slot machine win on the Strip.

Strip revenue for the three-month period from July to September likewise was down 7.2 percent.

Lawton, nevertheless, pointed to a strong upcoming convention season as factor for optimism.

“We are optimistic that this is just a blip and will see some reinforcing heading into completion of the year and into next year,” he said.

Downtown Las Vegas saw profits of $55 million, up 11.64 percent, while the rest of Clark County was up 1.52 percent to $843.4 million.

Nevada cannabis industry gathers 140 percent of initial tax forecasts in very first year

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< img class=" photo" src=" https://photos.lasvegassun.com/media/img/photos/2017/07/10/AP_17182349653722_t653.jpg?214bc4f9d9bd7c08c7d0f6599bb3328710e01e7b" alt =" Image"

/ > John Locher/ AP People wait in line at the Essence cannabis dispensary in Las Vegas, Saturday, July 1, 2017, as leisure sales of marijuana begin.

Nevada’s first year of leisure cannabis sales surpassed projections.

The state collected more than $69.8 million in cannabis tax profits during the very first full year of legal recreational sales, about 140 percent of what the state expected, inning accordance with numbers released today by the Nevada Department of Tax. It expected to generate $50.3 million in tax income.

The revenue consists of a 15 percent wholesale tax on medical and leisure cannabis, which totaled $27.3 million, and a 10 percent excise tax on recreational sales, which hit $42.5 million.

Overall recreational marijuana sales for the duration from July 1, 2017, to June 30, 2018, were just under $425 million. There are 64 medical dispensaries in Nevada, 61 which are accredited to sell recreational pot.

” Nevada’s first year with a legal adult-use market has not just surpassed revenue expectations however shown to be a mostly effective one from a regulatory perspective,” said Bill Anderson, the tax department’s executive director. “We have not experienced any major missteps or compliance concerns, and our enforcement personnel has worked diligently to make sure these organisations understand and abide by the laws and policies that govern them.”

The last 4 months of the were the most financially rewarding, with each month’s collections surpassing $6.5 million. The $7.12 million overall in marijuana tax profits gathered for June, which likewise was launched today, was the highest month-to-month total of the fiscal year, topping the previous high of $7.11 million collected in May.

The tax department likewise announced the transfer of $27.5 million to Nevada’s Distributive School Account, which will fund public schools. That originates from profits from the wholesale tax, plus proceeds from application and licensing charges paid by state cannabis license holders.

Anderson said the department anticipated Nevada’s legal cannabis market to continue broadening in year two. Initial projections from Gov. Brian Sandoval’s workplace for July 2017 to July 2019 projection cannabis sales generating an average of $5 million monthly in tax profits. However through the first year, Nevada is currently balancing $5.82 million monthly.

'' Solo: A Star Wars Story' ' falls 65 percent in 2nd weekend

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Associated Press Sunday, June 3, 2018|9:05 a.m.

LOS ANGELES– “Solo: A Star Wars Story” is losing momentum rapidly at package office. After an underwhelming launch, the area legend fell 65 percent in weekend two with $29.3 million from North American theaters, according to studio estimates on Sunday.

“Solo” has actually now made $148.9 million locally. That’s over $135 million shy of where the franchise’s other spin off, “Rogue One,” remained in its 2nd weekend.

“Solo’s” tumble brought it even better to “Deadpool 2,” which is now in its 3rd weekend in theaters. “Deadpool 2” grossed an estimated $23.3 million to take 2nd location.

Shailene Woodley’s lost-at-sea drama “Adrift” opened in 3rd place with $11.5 million, while “Avengers: Infinity War” took fourth with $10.4 million.

And Johnny Knoxville’s “Action Point” landed in ninth location with a disappointing $2.3 million.

Las Vegas airport traveler traffic up 2.7 percent in January

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Steve Marcus A Southwest Airlines passenger jet removes from McCarran International Airport June 5, 2017. By

McCarran International Airport saw 3.77 million passengers go through its gates in January, a 2.7 percent boost from January 2017, the Clark County Department of Aviation reported today.

Southwest Airlines was the Las Vegas airport’s leading provider in January with 1.39 million guests, followed by American Airlines with 359,927 and Delta Air Lines with 317,110. The top worldwide carrier was Air Canada with 62,886 guests.

McCarran had a record 48.5 million passenger arrivals in departures in 2017.