Impact of casinos on residential property values: Henderson, Nevada

Barbara Kozarich Giannini, University of Nevada, Las Vegas


This thesis examines whether residential property values are affected by proximity to gaming establishments. Using a sample of houses from Henderson, Nevada, a hedonic price model is employed to relate residential sales prices to individual housing characteristics, including proximity to the nearest gaming establishment. Results indicate that proximity to gaming establishments do indeed lower residential property values. Further, it appears that larger gaming establishments have a larger impact on prices than smaller ones in Old HenderSon