Caesars Entertainment Corp. has been swept up in takeover speculation since the company’s share price tumbled last year amid disappointing earnings and concerns over a recession. Amid the decline, hedge funds scooped up shares. Billionaire activist investor Carl Icahn began buying shares of Caesars as early as January. Icahn acquired nearly 18 percent by mid-March. In February Icahn called on the Caesars board to study a sale as a way to boost shareholder value.
The demographics of Southern Nevada are growing increasingly young, diverse and wealthy. “The diversification of the types of companies in Las Vegas has created a larger workforce pool,” said Jason Bruckman, vice president of workforce recruitment in Las Vegas for national staffing company Eastridge Workforce Solutions. “I’ve seen the demographic trend skew to a younger workforce.” The transplants making Las Vegas their home today are also younger and bringing in higher median household incomes. “Two early causes for the higher wage appear to be higher wages in the geographies of origin and the fact that we are attracting a workers to fill higher wage positions,” Aguero said.
