Las Vegas Valley: Difference between revisions

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{{leftlegend|#DC143C|[[Winchester, Nevada|Town of Winchester]]}}
{{leftlegend|#FF9200|[[Boulder City, Nevada|City of Boulder City]]}}
{{leftlegend|#AA9600|[[Nellis Air Force Base|Nellis Air Force Base]]}}
{{leftlegend|#FFF974|Las Vegas–Henderson–North Las Vegas [[Metropolitan Statistical Area|MSA]] (Remainder)}}
{{leftlegend|#D3B683|Pahrump [[µSA]]}}
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[[File:Palazzo Casino, Las Vegas (3479650636).jpg|thumb|Exterior of the [[The Palazzo|Palazzo]] hotel. A major part of the city economy is based on tourism including gambling and ultra-luxury hotels.]]
 
While Las Vegas has historically attracted high-stake gamblers from around the world, it is now facing tougher competition from the UK, Hong Kong and Macau (China), Eastern Europe and developing areas in the Middle East.<ref>''[http://www.ibisworld.com/industry/retail.aspx?indid=1662&chid=1 US Casino Hotels Industry Report"] IBISWorld, November 2008''</ref>
 
Las Vegas has recently enjoyed a boom in population and tourism. The urban area has grown outward so quickly that it borders [[Bureau of Land Management]] holdings along its edges. This has led to an increase in land values such that medium- and high-density development is occurring closer to the core. The [[Chinatown, Las Vegas|Chinatown of Las Vegas]] was constructed in the early 1990s on Spring Mountain Road. Chinatown initially consisted of only one large shopping center complex, but the area was expanded with shopping centers that contain various Asian businesses. Over the past few years, retirees have been moving to the metro area, driving businesses that support them from housing to health care.