Analyst says it could take 3 years for Las Vegas economy to recover from COVID-19 crisis

  • Jeremy Aguero, Principal Analyst with Applied Analysis of Las Vegas said, “Southern Nevada’s economy is modelling somewhere between an 18-month to 36-month recovery.”
  • One of the main factors that will help determine the re-opening of casinos and other major venues is that visitors feel that their health is not being jeopardized
  • City officials are working hard on processing real-time information and reacting to pressing problems facing the State’s budget
  • The unknown length of time the current crisis will persist makes it hard to give accurate predictions.

Financial experts are forecasting that it could take Sin City up to 3 years to recover economically from COVID-19 effects

Jeremy Aguero, Principal Analyst with Applied Analysis of Las Vegas said, “Southern Nevada’s economy is modelling somewhere between an 18-month to 36-month recovery.”

He added, “It is a very high likelihood that it could happen. Not that it is absolute but I think we have to understand that it is a function of science and not of thing. We’ve got to get on top of the virus before we get in front of the economy.”

It is noteworthy to mention that Las Vegas’ economy heavily depends on businesses that involve gatherings such as concerts, games, shows, conventions, casinos, and restaurants.

Aguero said, “There is no doubt about it, that when new look at anything that requires a mass gathering of people, the expectation is going to be that it is going to lag. 


He added, “When we look at the southern part of the state, where 20% of the visitors come from international points of origin, that is going to lag.”

Casinos and other major venues are currently closed amid the COVID-19 shutdown

One of the main factors that will help determine the re-opening of casinos and other major venues is that visitors feel that their health is not being jeopardized by the city of Las Vegas.

“This is not going to go away overnight and what is particularly critical for our economy is making sure that tourists and other customers feel very comfortable and somewhat confident that they are at a safe place,” Aguero.

Las Vegas official says city facing a financial crisis 

Las Vegas City Manager, Scott Adams said, “We’re the most undiversified city probably in America and tied almost exclusively to tourism and entertainment, and there’s a consequence for that.”


City officials are working hard on processing real-time information and reacting to pressing problems facing the State’s budget. 

In comparison to the 2008 financial crisis, Las Vegas fell short by $80 million. Until now the state’s losses are estimated at $100 million. 

The unknown length of time the current crisis will persist makes it hard to give accurate predictions.


“We’re trying to be really positive with our businesses, show them how they can continue to make some level of living but meet clearly the Centres for Disease Control and Prevention guidelines because I don’t think we think it’s an either/or,” Adams.  

I'm Adam Shaw, Senior Editor and one of the first members at VegasSlots. I'm a massive football sports fan but also love casinos and occasional trips to Las Vegas. Gaming runs in the family

Leave a Reply

Your email address will not be published. Required fields are marked *