For strength part, because of location of Nevada, it has good renewable energy, such as geothermal energy, solar energy, and wind energy, and excellent physical recourses, like . There are lots of entertainment and recreation, such as all kind of luxury hotel, shopping mall, restaurant, and the most famous casino. Over the 5 years ending in 2015, the Nevada economy grew by 6.44% at a compound annual growth rate of 1.26% per year.
For weakness part. Because of the geographic location and physical environment—surrounding by desert, there are over 100 degree Fahrenheit leading very dry weather in the summer. Nevada is heavily dependence on consumption-based industries—gaming, tourism and retail. It resulted devastating job losses during the recent recession, because consumption-based industry is heavily related to the economy situation. Nevada is lack of coherent economic development strategy and structures. What’s more, level of education is low, not only there is not top university and research area, but also K-12 educational system is underperforming.
For the opportunities part. There are lots of tourists, events, and conventions in Nevada, so It’s an excellent opportunity to attract people and “sell” Nevada in the future, for …show more content…
It’s a good and popular gaming way that is more convenience for those people who want to relax and enjoy gaming but do not have plenty of time fly to Las Vegas. The capacity of the market of internet gambling was forecasted to reach 56.05 billion U.S. dollars in 2018, which is more than doubling since 2009. The advantage of developing online gaming in Las Vegas is profession. As we all know, Las Vegas is famous for gambling, and it has most professional system and structure. They can apply those technical and system into online gaming system, also person will prefer playing gambling online on a more professional and reliable company and
For weakness part. Because of the geographic location and physical environment—surrounding by desert, there are over 100 degree Fahrenheit leading very dry weather in the summer. Nevada is heavily dependence on consumption-based industries—gaming, tourism and retail. It resulted devastating job losses during the recent recession, because consumption-based industry is heavily related to the economy situation. Nevada is lack of coherent economic development strategy and structures. What’s more, level of education is low, not only there is not top university and research area, but also K-12 educational system is underperforming.
For the opportunities part. There are lots of tourists, events, and conventions in Nevada, so It’s an excellent opportunity to attract people and “sell” Nevada in the future, for …show more content…
It’s a good and popular gaming way that is more convenience for those people who want to relax and enjoy gaming but do not have plenty of time fly to Las Vegas. The capacity of the market of internet gambling was forecasted to reach 56.05 billion U.S. dollars in 2018, which is more than doubling since 2009. The advantage of developing online gaming in Las Vegas is profession. As we all know, Las Vegas is famous for gambling, and it has most professional system and structure. They can apply those technical and system into online gaming system, also person will prefer playing gambling online on a more professional and reliable company and