The Gold Coast Bulletin reports this morning that Las Vegas may become Coast’s sister city:
MAYOR Tom Tate will today officially ask Las Vegas to become a sister city of the Gold Coast and says our region’s tourist strip can learn a lot from the US.
I’ve previously posted on why the Gold Coast shouldn’t try to imitate Las Vegas (Does the Gold Coast need to compete with Vegas and Macau?). The Gold Coast needs to diversify its economy rather than become more dependent on the discretionary spending of fickle tourists. Due to its dependence on spending by visitors, the Las Vegas economy has suffered more than most in the US, according to Bureau of Labor Statistics estimates (Local Area Unemployment Statistics):
Queensland regional unemployment rates can be found at OESR’s website. The Gold Coast unemployment rate is currently around 6.3 per cent, which is much lower than Las Vegas’s unemployment rate of 11.8 per cent.