Economy
The downtown area is primarily been based on tourism, as is the case in the greater Las Vegas Valley. Although the smaller downtown casinos earn revenues that pale in comparison to the mega resorts of the Las Vegas Strip further south. As of 2012, there have been ongoing renovations of several downtown resorts such as The Plaza, Golden Gate Hotel, and Golden Nugget.
There does exist some corporate offices as well as a World Market Center for trade shows and conventions. Recently, the opening of the Lou Ruvo Center for Brain Health and the arrival of the new Zappos headquarters downtown has started to attract new medical and technology oriented businesses to the area.
Read more about this topic: Downtown Las Vegas
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)