From the 1940s onward Las Vegas enjoyed a military boom as bases gave way to facilities, most famously the Nevada Test Site, where over 100 nuclear bombs were detonated above ground between 1951 and 1963. Mushroom clouds often visible from the hotels on the Strip, and postcards proclaimed Las Vegas the “Up and Atom City.”
, a planned postwar city of 230,000 which ranks as the country’s , has three jobs for every resident roughly two in five residents work in the city. Irvine’s 16.3% growth rate since 2007 has been bolstered by a strong inflow of Asians. Once overwhelmingly white, Irvine’s population is now roughly 40% Asian and 9% Hispanic.
But the gaming industry is also getting competitive as companies like and expand in the U.S. and abroad. And that competition may make Las Vegas Sands less attractive to investors long-term. Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.
It was widely reported that the Great Recession subsequent economic malaise changed the geography of America. Suburbs, particularly in the , were becoming the “” as people flocked back to dense core cities.