#Las Vegas Convention and Visitors Authority

iGaming Business

Las Vegas casinos, gamblers battle record temperatures

Las Vegas has always been known for its dry, oppressive heat, especially during the summer. But new all-time high temperatures have been set over the last week, presenting challenges and opportunities for casinos. It's so hot, that in one viral post, a box of crayons melted into a rainbow puddle. And the Bruce Solutions Center, which offers…
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Las Vegas casinos, gamblers battle record temperatures
news3lv.com

Las Vegas tourism numbers, casino winnings jump in May

FILE: People walk through Harry Reid International Airport in Las Vegas on Thursday, May 23, 2024. (KSNV) LAS VEGAS (KSNV) - With the return of EDC and the start of the summer travel season, May was another busy month in Las Vegas. Gaming and tourism numbers all rose last month compared to May last year, according to new figures released…
Travel
Las Vegas tourism numbers, casino winnings jump in May
Super Slots
Top US Casinos

Rising Visitation Fuels Record Nevada Gaming Revenue of $1.3B for May

Nevada is on pace for another record-breaking year in gaming revenue, with casinos winning $1.32 billion in May, according to the monthly revenue report from the Nevada Gaming Control Board (NGCB). It was the 39th consecutive month that gaming revenues exceeded $1 billion. Nearly halfway through 2024, Nevada casinos were on pace to surpass last…
Finance
Rising Visitation Fuels Record Nevada Gaming Revenue of $1.3B for May
The Nevada Independent

Nevada casinos heading toward a fourth straight yearly gaming revenue record

Casinos statewide collected $1.32 billion in gaming revenue, the highest ever in May and the eighth-largest monthly total. With five months in the books, Nevada's casino industry is trending toward a fourth consecutive revenue record-breaking year. However, analysts caution that Strip casino operators, which account for more than half of the…
Land-based
Nevada casinos heading toward a fourth straight yearly gaming revenue record
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
Review Journal

Tropicana, Mirage closures on Las Vegas Strip won’t change the hotel market

It's been a year of change in the Las Vegas hotel industry. Two hotels opened at the end of 2023, adding thousands of hotel rooms to the largest hospitality market in the country. Recent developments on two sides of the Strip, however, will quickly take those gains away from the market's total room inventory. The Tropicana, a Rat Pack-era property,…
Land-based
Tropicana, Mirage closures on Las Vegas Strip won’t change the hotel market
The Nevada Independent

Vegas gaming bounce in April changes outlook on the market

As Nevada sets a record for April casino revenue, analysts suggest high-end customers will continue to visit and pay higher room rates. The investment community has been bracing for a downturn in Nevada's gaming market. April's gaming and tourism results released Wednesday may have changed some minds. Following a 1.2 percent statewide revenue…
Finance
Vegas gaming bounce in April changes outlook on the market
The Nevada Independent

Indy Gaming: International flights on the rise in Las Vegas

I spent the last two weeks in South America - Rio de Janeiro in Brazil, Iguazu Falls on the Brazil-Argentina border and Machu Picchu in Peru. I will simply say it was an amazing trip. Restoring direct international travel to and from Las Vegas following the pandemic was a top concern for the tourism industry. Given the numbers from March and recent…
Industry
Indy Gaming: International flights on the rise in Las Vegas
Casino.org

Las Vegas Monorail Breeds Baffling Brouhaha

The fact the Las Vegas conversation is so active and passionate online is both a blessing and a curse. In this case, it's just confusing. The Las Vegas Monorail derailed the conversation for roughly 24 hours as a flurry of Twitter posts and news stories grappled with a long-standing question: What's happening with the monorail? We got to the bottom…
Finance
Las Vegas Monorail Breeds Baffling Brouhaha
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thedispatch.com

What Happens in Vegas Doesn’t Stay in Vegas

Welcome to the latest installment of Wanderland. Yes, it's April 1. No, I don't do that. Las Vegas had a heck of a time landing an NFL franchise. For years, would-be investors tried to bring a team to the tourism mecca, where those efficient opportunities known in corporate-weasel speak as "synergies" abound. The powers that be in Sin City have…
Sports
What Happens in Vegas Doesn’t Stay in Vegas
The Nevada Independent

Super Bowl plus leap day propel Nevada casinos to record February

Statewide gaming revenue of $1.34 billion was the highest total ever recorded in February. Also, Strip resorts saw 9.5 percent more visitors than last February. Nevada hit a trifecta in February. With Las Vegas hosting Super Bowl LVIII and the month seeing the entirety of Chinese New Year and an extra day - given 2024 is a leap year - Nevada…
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Super Bowl plus leap day propel Nevada casinos to record February
news3lv.com

Nevada gaming win surges in February with Las Vegas Super Bowl

Fans pack into Allegiant Stadium for Super Bowl LVIII in Las Vegas on Sunday, Feb. 11, 2024. (KSNV) LAS VEGAS (KSNV) - The statewide gaming win in February surged in conjunction with the first Super Bowl in Las Vegas, according to new figures from Nevada officials. Nonrestricted gaming licensees reported a win revenue of $1.34 billion for the…
NFL
Nevada gaming win surges in February with Las Vegas Super Bowl
Review Journal

What is that vacant lot on the Las Vegas Strip?

While the Las Vegas Strip is packed with resort-casinos and activity, there's still large vacant lots on the famous thoroughfare. Some of those vacant lots are projects in the works, while others may be held for future development. Still others are spots for concerts and major events. Here's a list of the empty lots along Las Vegas Boulevard and…
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Portland Press Herald

Strike averted as hospitality union settles with Las Vegas hotel-casinos before Super Bowl week

The union announced last week that it would go on strike if tentative contracts weren't in place by 5 a.m. Monday. Posted Updated 2 min read Font size+ LAS VEGAS - A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another. The…
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Strike averted as hospitality union settles with Las Vegas hotel-casinos before Super Bowl week
Market Watch

Strike averted as culinary union settles with Las Vegas hotel-casinos

LAS VEGAS - A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another. The agreements averted a Monday morning walkout as the city kicks off Super Bowl week. The Culinary Workers Union announced Saturday that it had reached a…
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Strike averted as culinary union settles with Las Vegas hotel-casinos
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ABC News

Culinary union reaches tentative contracts with Las Vegas casinos ahead of Super Bowl

A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another LAS VEGAS -- A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike…
Land-based
Culinary union reaches tentative contracts with Las Vegas casinos ahead of Super Bowl
Star Advertiser

4 hotel-casinos reach union deals, 3 others poised to strike

LAS VEGAS >> A union representing hospitality workers has reached a tentative agreement with four hotel-casinos in downtown Las Vegas as employees at three other properties remained poised to strike Monday when the city kicks off Super Bowl week. By Saturday morning, the Culinary Workers Union had announced it had reached a tentative five-year…
Land-based
4 hotel-casinos reach union deals, 3 others poised to strike
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Review Journal

Las Vegas tourism boss earns big bucks promoting America’s casino capital

Las Vegas tourism boss Steve Hill has said he's got the easiest product to sell. And while America's casino capital can practically sell itself, taxpayers are footing a hefty bill for him to market the adult playground to tourists and conventioneers. Hill, president and CEO of the Las Vegas Convention and Visitors Authority, earned an annual salary…
Travel
Las Vegas tourism boss earns big bucks promoting America’s casino capital
8 News Now

2023 Las Vegas tourism ends with records for air passengers, casino wins

LAS VEGAS (KLAS) - Tourism is strong coming out of a record-breaking 2023, according to reports released Wednesday showing air travel and hotel revenues surging ahead. November was a hard act to follow, with high-rollers flocking to Las Vegas for the return of Formula One, but December didn't disappoint - even setting a record win for casinos on…
Land-based
2023 Las Vegas tourism ends with records for air passengers, casino wins
The Nevada Independent

Nevada casinos again shatter revenue record, bring in $15.5B in 2023

Strip casinos had their most lucrative year at $8.9 billion. Also, Las Vegas visitation tops 40.8 million and Reid Airport sets passenger record. For the third straight year, Nevada casinos shattered the state's annual gaming revenue record. The Gaming Control Board on Wednesday said casinos statewide collected $15.5 billion in gaming revenue in…
Finance
Nevada casinos again shatter revenue record, bring in $15.5B in 2023
Travel and Tour World

Maurice Wooden takes helm as president Of Fontainebleau Las Vegas

Maurice Wooden has been designated as the president of Fontainebleau Las Vegas, a renowned five-star luxury resort and casino situated on the iconic Las Vegas Strip. Boasting an impressive 36-year tenure in the luxury hospitality sector, Mr. Wooden's wealth of experience and expertise align seamlessly with the newly inaugurated Fontainebleau Las…
Industry
news3lv.com

Former Wynn Las Vegas exec named president of Fontainebleau

LAS VEGAS (KSNV) - The former president of Golden Nugget and Wynn Las Vegas is moving to Fontainebleau. Fontainebleau Development announced on Sunday that Maurice Wooden was appointed as president of the Las Vegas resort. "Maurice will be an excellent steward of our brand, its culture, and heritage; and we eagerly anticipate his leadership in…
Industry
Former Wynn Las Vegas exec named president of Fontainebleau
Review Journal

Fontainebleau Las Vegas names exec Maurice Wooden as new president

Fontainebleau Development, the parent company of the resort, named longtime Las Vegas hospitality executive Maurice Wooden as the north Strip property's new president, according to a Sunday news release. Wooden was previously Wynn Las Vegas' president and principal executive officer between 2013 and 2019 and a member of the Las Vegas Convention and…
Industry
Fontainebleau Las Vegas names exec Maurice Wooden as new president
The Nevada Independent

Indy Gaming: After $600M renovation, what’s next for Las Vegas Convention Center?

LVCVA CEO Steve Hill said the facility now has more than 15.4 million square feet of meeting space -enough to attract additional events. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to…
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Indy Gaming: After $600M renovation, what’s next for Las Vegas Convention Center?
KTNV Las Vegas

Aided by F1, Las Vegas hotel room rates soar in November

LAS VEGAS (KTNV) - Aided by the Formula 1 racing event, room rates at Las Vegas hotels soared in November, according to new numbers released Thursday by tourism officials. The average daily rate was just over $249 last month, up 34% from the same month in 2022, according to a report by the Las Vegas Convention and Visitors Authority. The Las Vegas…
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Aided by F1, Las Vegas hotel room rates soar in November
8 News Now

Nevada, Las Vegas Strip casinos post 2nd-highest wins on strength of F1 weekend

LAS VEGAS (KLAS) - Casinos on the Las Vegas Strip drove Nevada to its second-highest win on record in November, validating some expectations surrounding the return of Formula One racing to the valley. The Strip's win - $820992082 - was a gaudy 22.6% higher than November a year ago. The number fell about $14 million short of the Strip's all-time…
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Nevada, Las Vegas Strip casinos post 2nd-highest wins on strength of F1 weekend
businesspress.vegas

Gaming attorney Frank Schreck bullish on casino industry

The dean of Nevada's gaming attorneys said the casino industry couldn't be doing much better and sees nothing slowing it down in 2024 as the state is on pace for record gambling revenue in 2023. The latest economic reports have turned positive with impressive GDP growth, the Federal Reserve contemplating rate cuts as the rate of inflation…
Industry
Gaming attorney Frank Schreck bullish on casino industry
Review Journal

Las Vegas officials to reveal New Year’s Eve fireworks show plans

It's not even Christmas and local event coordinators are planning for a big New Year's Eve on the Strip and in downtown Las Vegas. Beginning at midnight on New Year's Day, thousands of shimmering lights, gold accents and criss-crossing comets set to party music will make up the eight-minute fireworks show on the Strip as part of an event that…
New Year
Las Vegas officials to reveal New Year’s Eve fireworks show plans
KTNV Las Vegas

Las Vegas officials announce New Year's Eve, 'America's Party 2024' plans

LAS VEGAS (KTNV) - The valley is getting ready to say goodbye to 2023 and hello to 2024. On Wednesday, Las Vegas officials will announce plans for "America's Party 2024". According to Las Vegas Events and the Las Vegas Convention and Visitors Authority, fireworks will once again be provided by Grucci. City officials said more than 12000 electrical…
New Year
Las Vegas officials announce New Year's Eve, 'America's Party 2024' plans
iGaming Business

Fontainebleau Las Vegas opening points to growth in luxury visitors

The opening of the $3.8 billion Fontainebleau Las Vegas casino resort this week feeds the narrative that the Strip is becoming more of a destination for wealthier visitors. While previously known as a marketplace once relished by tourists for its inexpensive rooms and cheap buffets, that's now changing. November's inaugural Formula One race on the…
Travel
Fontainebleau Las Vegas opening points to growth in luxury visitors
World Casino News

Grand Opening of Fontainebleau Las Vegas Casino-Resort

Fontainebleau Las Vegas, a $3.7 billion casino-resort project, had its official grand opening on the night of December 13. There were many A-listers and VIP guests who could enter only by special invitation at the grand opening party. Private, luxury party: After a ribbon-cutting ceremony that lasted 30 minutes and took place before the midnight…
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Grand Opening of Fontainebleau Las Vegas Casino-Resort
Review Journal

Las Vegas Grand Prix ‘went exceptionally well,’ says LVCVA leader

Coming off what Las Vegas Convention and Visitors Authority executives are calling the most successful special event ever staged in Southern Nevada - the Formula One Las Vegas Grand Prix - organizers are now turning their attention to Super Bowl 58 in February. "What they (the Formula One team) were able to accomplish in 16 months with obviously…
Industry
Las Vegas Grand Prix ‘went exceptionally well,’ says LVCVA leader
Vegas Inc

Fontainebleau celebrates its long-awaited debut on the Las Vegas Strip

A casino floor is shown during a ribbon cutting ceremony at the Fontainebleau Las Vegas Wednesday, Dec. 13, 2023. Wednesday, Dec. 13, 2023 | 2:56 p.m. Fontainebleau Las Vegas welcomed community leaders and the first guests for a ribbon-cutting ceremony this morning at the Strip's newest resort and casino. The festivities included music by…
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Fontainebleau celebrates its long-awaited debut on the Las Vegas Strip
AP News

America's casinos off to their fastest 2-month start ever

ATLANTIC CITY, N.J. (AP) - America's commercial casinos are off to their best two-month start ever, the latest indication the industry is recovering in the third year of the coronavirus pandemic. Figures released Tuesday by the American Gaming Association, the gambling industry's national trade association, show that revenue from in-person casino…
Industry
America's casinos off to their fastest 2-month start ever
Fox 5 Vegas

America’s casinos off to their fastest 2-month start ever

ATLANTIC CITY, N.J. (AP) - America's commercial casinos are off to their best two-month start ever, the latest indication the industry is recovering in the third year of the coronavirus pandemic. Figures released Tuesday by the American Gaming Association, the gambling industry's national trade association, show that revenue from in-person casino…
Industry
America’s casinos off to their fastest 2-month start ever
8 News Now

Las Vegas is Sin City. No really, they did a survey

LAS VEGAS (KLAS) - Sigh … If you hadn't heard, Las Vegas is still Sin City. The King of Sin Cities. A WalletHub survey released Monday morning confirms it. But if Houston is embarrassed about its No. 2 ranking, or No. 3 Philadelphia wants to talk about its good qualities, Las Vegas wears it like a badge. It's been less than a week since the Las…
Religion
Las Vegas is Sin City. No really, they did a survey
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Update: Agreement Struck Between Union, Vegas Casinos Hours Before Deadline

In an effort to pressure employers into providing improved pay, healthcare benefits, safety procedures and job security, thousands of industry workers based in Las Vegas gathered Oct. 12 on the Vegas Strip. As reported by Eater Vegas' Janna Karel, the employees represent Culinary Workers Union Local 226 and the protests are aimed at three…
Travel
Update: Agreement Struck Between Union, Vegas Casinos Hours Before Deadline
Grandprix 247

Las Vegas avoids hospitality workers strike

The new five-year agreement covers 5000 employees at two Wynn Resorts properties and follows similar deals for 35500 workers with rivals Caesars Entertainment and MGM Resorts International earlier this week. U.S. President Joe Biden hailed the deals on Friday and congratulated the unions, he said in a statement: "This agreement will help give all…
Travel
Las Vegas avoids hospitality workers strike
CNN

Latest Las Vegas labor deal ends threat of huge hotel strike

Friday morning in Las Vegas saw labor peace, and not a threatened strike along the Strip, as the Culinary union has reached its third tentative labor deal in three days with a casino operator. The union that represents more than 35000 cooks, food servers, bartenders, housekeepers and other workers at 18 major casinos had threatened to wage the…
Incidents
Latest Las Vegas labor deal ends threat of huge hotel strike
Fox Business

Caesars averts strike as casino operator, Las Vegas unions reach deal

The unions representing hospitality workers in Las Vegas reached a tentative deal with Caesars Entertainment for a new labor contract covering about 10000 employees on Wednesday, two days before a strike deadline. The negotiations come as unions across industries press employers for better pay and benefits, buoyed by a shortage of workers. Casino…
Travel
Caesars averts strike as casino operator, Las Vegas unions reach deal
Reuters

Wynn Resorts reaches deal with Las Vegas unions, avoiding strike

Nov 10 (Reuters) - Hospitality workers in Las Vegas reached a tentative labor deal with Wynn Resorts (WYNN.O) hours before a strike deadline, their unions said on Friday, ending the threat of a labor stoppage against casino operators that could have crippled tourism in the city. The new five-year agreement covers 5000 employees at two Wynn Resorts…
Travel
Wynn Resorts reaches deal with Las Vegas unions, avoiding strike
NBC News

MGM Resorts reaches labor deal with Las Vegas unions, averts strike

The MGM Grand hotel and casino in Las Vegas on July 28.Bridget Bennett / Bloomberg via Getty Images / Source: Reuters The unions representing hospitality workers in Las Vegas on Thursday reached a tentative deal with MGM Resorts International for a new contract covering nearly 25400 employees, less than 24 hours before a strike threatened to shut…
Land-based
MGM Resorts reaches labor deal with Las Vegas unions, averts strike
CNN

Another labor deal averts strike at 8 more Vegas casinos

The Culinary union has reached a deal with MGM Resorts International covering 25400 members, averting a strike at eight casinos that had been set to start Friday. The deal, announced in a by the union, comes a day after a similar deal was reached with Caesars Entertainment that averted a strike by 10000 other union members at nine casinos operated…
Land-based
Another labor deal averts strike at 8 more Vegas casinos
CNN

Tentative deal reached to avert walkouts at half of Vegas casinos set to strike

A tentative five-year labor deal has been reached between the Culinary union and Caesars Entertainment to avert a potential strike at its nine casinos along the Las Vegas Strip, although nine other casinos still face possible walkouts come Friday morning. The details of the agreement, which was announced in a by the union, are not yet available,…
Land-based
Tentative deal reached to avert walkouts at half of Vegas casinos set to strike
CNBC

Caesars averts strike as casino operator in deal with Las Vegas unions

The unions representing hospitality workers in Las Vegas reached a tentative deal with Caesars Entertainment for a new labor contract covering about 10000 employees on Wednesday, two days before a strike deadline was set to expire. The Culinary Workers and Bartenders Unions said the five-year contract would cover workers including attendants,…
Travel
Caesars averts strike as casino operator in deal with Las Vegas unions
sbnation.com

F1 Las Vegas Grand Prix: Opening ceremony, red carpet, casino involvement, and more

When Formula 1 announced the inaugural Las Vegas Grand Prix, one thing was immediately clear. It was going to be an event. And corporate sponsors, casinos, and the teams themselves are getting in on the action. Here is just a sampling of the incredible events and packages being put together for the first-ever Las Vegas Grand Prix. If we know one…
Industry
F1 Las Vegas Grand Prix: Opening ceremony, red carpet, casino involvement, and more
The Nevada Independent

Despite market declines, NV gaming revenue kept afloat by high baccarat hold in September

Nevada sees its 31st straight billion-dollar revenue month despite declines in nearly all major gaming markets. Without the Strip's high-end baccarat action and slot machine revenue from casinos in Laughlin, September gaming revenue for Nevada could have looked much different. Instead, the state saw its 31st consecutive billion-dollar gaming…
Finance
Despite market declines, NV gaming revenue kept afloat by high baccarat hold in September
Reuters

Caesars Entertainment beats Q3 profit estimates on steady demand in Las Vegas casinos

Oct 31 (Reuters) - Caesars Entertainment (CZR.O) beat third-quarter profit estimates on Tuesday, as steady demand in Las Vegas casinos helped boost revenue. Discretionary consumer spending has been shifting away from goods and towards experiences, profiting casino operators such as Caesar's Entertainment. Las Vegas-based casino operators benefited…
Land-based
Caesars Entertainment beats Q3 profit estimates on steady demand in Las Vegas casinos
The Nevada Independent

Indy Gaming: Aristocrat execs say NFL slot machines have scored a touchdown

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz At the Global Gaming Expo (G2E) a year…
Industry
Indy Gaming: Aristocrat execs say NFL slot machines have scored a touchdown
Las Vegas Weekly

After cyberattacks crippled casino companies, how vulnerable is Las Vegas?

Las Vegas has always prided itself on its economy of leisure. In the span of a weekend, visitors can dine at the finest restaurants, witness world-class entertainment and sporting events and shop at top luxury brands without leaving the Strip-sometimes, without leaving their hotel. All that came to a standstill last month as two casino giants fell…
Incidents
After cyberattacks crippled casino companies, how vulnerable is Las Vegas?
news3lv.com

LVCVA to provide shuttle service for hotel, casino employees during Formula 1

LAS VEGAS (KSNV) - The Las Vegas Convention and Visitors Authority approved plans to pay for shuttle services to help transport hotel and casino employees when Formula 1 takes over the Las Vegas Strip next month. Buses will pick up and drop off employees from several satellite locations. "We need to make sure that we have the most efficient way to…
Jobs
LVCVA to provide shuttle service for hotel, casino employees during Formula 1
KTNV Las Vegas

LVCVA approves F1 bus routes for casino employees during Las Vegas Grand Prix

LAS VEGAS (KTNV) - Las Vegas employees that work on the Strip are being given another transportation option ahead of Formula 1's Las Vegas Grand Prix. On Tuesday, the Las Vegas Convention and Visitors Authority authorized a $300000 contract to authorize buses to take Resort Corridor employees from satellite parking locations to the circuit during…
Jobs
LVCVA approves F1 bus routes for casino employees during Las Vegas Grand Prix
Review Journal

Plans for new Strip casino at Fashion Show Mall remain unclear

Howard Hughes Corp.'s reputation in Las Vegas for developing master-planned community Summerlin bolsters its chances of getting a casino developed on the Strip, a UNLV history professor said. "They have a successful business track record," Michael Green, a history professor at UNLV, said in an interview. "The oddity is that they have no real…
Industry
Plans for new Strip casino at Fashion Show Mall remain unclear
Reuters

Hospitality workers, Las Vegas casinos in crunch time for labor talks

NEW YORK, Oct 3 (Reuters) - Unions representing roughly 53000 Las Vegas workers on Tuesday kicked off critical negotiating sessions with hotel and casino operators after its members voted at the end of September to authorize a city-wide strike. The culinary workers union and bartenders union represent workers at properties around the city,…
Land-based
Hospitality workers, Las Vegas casinos in crunch time for labor talks
Review Journal

Dubai to pass Las Vegas hotel room inventory

While Dubai is on track to surpass the number of hotel rooms in Las Vegas, a Southern Nevada gaming and hospitality industry analyst who knows the United Arab Emirates landscape well says it shouldn't become a major competitor as long as Las Vegas continues to invest in its infrastructure. "As long as Las Vegas stays on its game, nothing will be…
Land-based
Dubai to pass Las Vegas hotel room inventory
Northern Nevada Business Weekly

Nevada casinos set single-month revenue record in July

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…
Finance
Nevada Appeal

Casinos set revenue record; Washoe tops $100M

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…
Finance
Casinos set revenue record; Washoe tops $100M
The Nevada Independent

Nevada casinos set a single-month revenue record of $1.4B during July

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…
Finance
Nevada casinos set a single-month revenue record of $1.4B during July
Review Journal

New selfie, video policy being tried at local MGM resort properties

It's well established that casino companies have been looking for ways to entice younger players into their gambling halls. They've tried offering new games, establishing special zones within the casino with music and a vibe that appeals to the younger crowd and serving food and drinks that connect more with Gen X'ers, millennials and Gen Z'ers…
Land-based
Review Journal

Temporary casino to be open eight hours Tuesday at The Beach site

A pop-up casino in a tent will open for eight hours on Tuesday as Marriott International seeks to preserve a grandfathered non-restricted gaming license connected to the street corner that formerly was home to The Beach nightclub. But the Nevada Gaming Commission on Thursday told Marriott's legal representative that preserving the license can't go…
Law
The Nevada Independent

Indy Gaming: Las Vegas Sands casino expansion effort in Texas fails again

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Casino legalization efforts in Texas…
Law
Indy Gaming: Las Vegas Sands casino expansion effort in Texas fails again
KTNV Las Vegas

Forbes: Red Rock Casino named best overall hotel in Las Vegas

LAS VEGAS (KTNV) - What are the valley's top hotels? According to Forbes, the best overall hotel is Red Rock Casino. Forbes said they made their selections based on things like luxury, family-friendliness, amenities, pet-friendliness, and what age groups would enjoy them the most.
Travel
Forbes: Red Rock Casino named best overall hotel in Las Vegas
96.3 KKLZ

Tourist Spending In Las Vegas Breaks The Record

Tourist spending in Las Vegas continues to rise, as figures released earlier this week by the Las Vegas Convention and Visitors Authority (LVCVA) confirm that the previous record set in 2019 was surpassed in 2022. According to an article written by Bryan Horwath on KTNV.com, tourist spending in Las Vegas reached $45 billion dollars last year,…
Travel
Review Journal

Las Vegas is no longer a ‘value destination.’ But visitors keep coming

I always get a chuckle out of hearing longtime Las Vegas residents yearning for the days when the mob ran the city's casinos instead of corporations. Sure, it's disappointing to see the long list of perks that bring customers to resorts continually eroding. But at least you don't have to worry about being buried in a hole in the desert. Several…
Travel
Las Vegas is no longer a ‘value destination.’ But visitors keep coming
The Nevada Independent

Southern Nevada casinos fuel Nevada to a record-breaking February

Depending on where you look, February was either another stellar month for Nevada gaming revenue or the second consecutive monthly decline in casino revenue totals. Statewide, Nevada casinos collected nearly $1.24 billion in gaming revenue during February, the highest figure ever recorded for the month, the Gaming Control Board said Tuesday. The…
Finance
Southern Nevada casinos fuel Nevada to a record-breaking February
Review Journal

North Las Vegas Strip showing more signs of life; developers buy land for $125M

The north edge of the Strip was a bleak place a decade or so ago. Las Vegas' real estate meltdown left this stretch of the casino corridor with halted megaresort projects, sprawling land tracts where big developments never took shape, and little foot traffic. As a cigar shop owner there told me at the time, it was a "huge economic cemetery." The…
Land-based
North Las Vegas Strip showing more signs of life; developers buy land for $125M
HNR Hotel News

Las Vegas Casino and Hotel Market Outlook 2023

Las Vegas’s 38.8 million total visitors in 2022 was roughly 91.3% of 2019 levels and only 4.1 million below the peak number of visitors in 2016. Gaming revenue for Clark County in 2022 was $12.8 billion, a new record for the market. Statistics from the Las Vegas Convention and Visitors Authority reflect 43.6 million total occupied room nights for…
Land-based
Hospitality Net

HVS Las Vegas Casino and Hotel Market Outlook 2023

Las Vegas's 38.8 million total visitors in 2022 was roughly 91.3% of 2019 levels and only 4.1 million below the peak number of visitors in 2016. Gaming revenue for Clark County in 2022 was $12.8 billion, a new record for the market. Statistics from the Las Vegas Convention and Visitors Authority reflect 43.6 million total occupied room nights for…
Land-based
Review Journal

Developers look to north Las Vegas Strip for expansion

Developers Brett Torino and Paul Kanavos have teamed up to build retail projects in the heart of the Strip, bringing shopping and dining outposts to a section jammed with tourists. Now they're looking to expand to the northern edge of Las Vegas' famed casino corridor - a quieter area that's been seeing more action. The Las Vegas Convention and…
Land-based
Developers look to north Las Vegas Strip for expansion
iGaming Business

More bullishness for Las Vegas in 2023 after records set in 2022

The optimism started with a strong finish to 2022 that had Nevada breaking its 2021 gaming revenue record by the time November ended. By the end of December, Nevada had recorded 22 consecutive months in which gaming revenue exceeded $1bn. The 2022 figure of $14.8bn was 10.5% higher than in 2021. But what topped it off was how the Strip, in one of…
Travel
More bullishness for Las Vegas in 2023 after records set in 2022
Review Journal

Fontainebleau on Las Vegas Strip is biggest hotel project in U.S.

Towering over the north Strip, Fontainebleau Las Vegas has not only been in the works for a long time, it's by far the biggest hotel being built in the nation. But as a reminder of the intense competition here, several other casino-resorts on Las Vegas Boulevard can house more guests. Boasting 3000-plus rooms, the Fontainebleau is the largest…
Land-based
Fontainebleau on Las Vegas Strip is biggest hotel project in U.S.
The Nevada Independent

Primm casinos reopen as ownership plots course to recapture the market

Guests looking to view the bullet-riddled Bonnie and Clyde death car inside Whiskey's Pete's Hotel Casino were confused. The historic V-8 Ford, in which notorious criminals Bonnie Parker and Clyde Barrow perished in a shootout with law enforcement in 1934, was missing from where it had been displayed since the late 1980s in the Primm casino. It…
Land-based
Primm casinos reopen as ownership plots course to recapture the market
missoulacurrent.com

Expert: Lawsuit over room price-fixing at Vegas casinos frivolous

LAS VEGAS (CN) - A University of Nevada, Las Vegas professor who specializes in the hospitality industry called a recent federal class action claiming collusion between major casinos regarding the price guests pay for hotel rooms on the Las Vegas Strip "frivolous." "Based upon what I know about the Rainmaker revenue management system, because I'm a…
Law
Expert: Lawsuit over room price-fixing at Vegas casinos frivolous
commercialsearch.com

REITs Lead Charge to Consolidate Casino Real Estate

The slowdown in transactions across commercial real estate as a result of higher interest rates is unlikely to dramatically change in the near term as the question of value continues to plague buyers, sellers and lenders. But properties that house gaming operators are proving the exception. Not only did casino tenants pay rent when closed during…
Land-based
REITs Lead Charge to Consolidate Casino Real Estate
96.3 KKLZ

2022 Good Year For Las Vegas Casinos

Tourism up. Gaming up. Conventions up. Reports are showing that 2022 was a good year for Las Vegas casinos. According to an article written by Ken Ritter for The Associated Press, and posted on TulsaWorld.com, the Las Vegas Convention and Visitors Authority is reporting a 20% increase in the number of visitors to our city from 2021 to 2022. In…
Land-based
Review Journal

Las Vegas casinos, tourism got a big boost in 2022

Las Vegas saw 38.8 million visitors last year, a 20.5 percent boost compared with 2021. But the double digit percentage increase was not enough to beat the city's 2016 record of 42.9 million visitors. The Las Vegas Convention and Visitors Authority also reported Tuesday that the city had more than twice the number of convention attendees in 2022…
Sports
Las Vegas casinos, tourism got a big boost in 2022
Nevada Appeal

Nevada casinos close out 2022 with record gaming revenue figures

Nevada's casino industry set annual gaming revenue records statewide and on the Strip when November's figures were counted. December's response? "Not so fast." Fueled by a single-month record for the Strip in December, Nevada finished 2022 with more than $14.8 billion in gaming revenue, blowing past 2021's $13.4 billion by 10.5 percent, the state's…
Finance
Nevada casinos close out 2022 with record gaming revenue figures
News-Daily

Las Vegas Strip Gets a Dangerous Warning

Covid, M-Pox, RSV, and other illnesses could not keep the Las Vegas Strip Resort Casinos down, but a new development might be a major problem. While the covid pandemic closed the Las Vegas Strip, that closure almost seemed to create an opportunity for major resort casino operators to make changes. MGM Resorts International (MGM) - Get Free…
Land-based
Las Vegas Strip Gets a Dangerous Warning
The Street

Big Las Vegas Strip Casino Deal Cancelled

Nothing happens quickly or easily on the Las Vegas Strip. If you decide to build or buy on the Strip, you have elected to compete with the giants of the casino business -- Caesars Entertainment (CZR) - Get Free Report, MGM Resorts International (MGM) - Get Free Report, and Wynn Resorts (WYNN) - Get Free Report -- not to mention some of the huge…
Land-based
Big Las Vegas Strip Casino Deal Cancelled
The Street

This Is No Longer a Crime on the Las Vegas Strip

People come to Las Vegas to do things they might never do at home. Some of those can be pretty benign. You might stay up later than you normally do, imbibe a little more, or eat a few extra-extravagant meals. And, of course, Las Vegas has legal gambling and recreational cannabis with consumption lounges on the way. Las Vegas may not embrace the…
Land-based
This Is No Longer a Crime on the Las Vegas Strip
KTNV Las Vegas

Las Vegas hotel rates break records in October

Posted at 11:27 AM, Nov 30, 2022 LAS VEGAS (KTNV) - 3.6 million people visiting Las Vegas in October paid record amounts for hotels. According to the Las Vegas Convention and Visitors Authority, the average daily room rate jumped to $209.89 in October, which broke a record. That's more than 20% up from September's average daily room rate of…
Land-based
Las Vegas hotel rates break records in October
The Street

Las Vegas Strip Welcomes an Unlikely Major New Attraction

Las Vegas wants you to leave the kids at home. After a failed effort in the 1990s to open up Sin City to all ages by adding theme-park-style attractions at a number of resort casinos, the city made a hard pivot away from that in 2003. That's when the Las Vegas Convention and Visitors Authority launched a new adult-oriented marketing campaign based…
Land-based
Las Vegas Strip Welcomes an Unlikely Major New Attraction
The Street

New Las Vegas Strip Casino Offers Something Caesars, MGM Don't

Resorts World Las Vegas wants to crash the party and change the focus of the Las Vegas Strip. At the moment, the gleaming, massive new resort sort of sits as an island on the North Strip. It's not far from Circus Circus and the new Fontainebleau, which will open in 2023, sits close by as well, but right now, Resorts World exists as an oasis on an…
Land-based
Review Journal

Influencers cash in on Las Vegas, creating buzz

Francine Maric was inside The Venetian standing near a slot machine in the high-limit slot room, waiting for a handpay, when someone walking by recognized her. The man whispered to his friends, and one of them tapped the shoulder of Francine's husband, Miran, who was standing several feet away from Francine, and asked: "Is that the girl from…
Industry
Influencers cash in on Las Vegas, creating buzz
The Street

Classic Las Vegas Casino Makes a Change No Strip Casino Has Embraced

In the mid-1990s Las Vegas made an ill-fated effort to market itself as a family destination. That move made some sense, as the city does have a sort of overgrown-theme-park feel, In fact, the then-new MGM Grand casino/hotel had an actual amusement park built on its property to give kids something to do while their parents were gambling. At the…
Land-based
Times Colonist

Nevermind the gambling, Las Vegas is a foodie paradise

While it's impossible to experience all Sin City has to offer on the culinary scene, it's definitely fun trying. Las Vegas, The Entertainment Capital of the World, is now more than ever deserving of a new moniker - World Culinary Destination. While many visitors still come for the shows, concerts and sporting events, foodies are flocking to the…
Land-based
Nevermind the gambling, Las Vegas is a foodie paradise
CNBC

Big Las Vegas property owner to take full ownership of two casinos

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI Properties, a real estate investment trust based in New York, has agreed to buy Blackstone's 49.9% stake in the two Las Vegas casino resorts. VICI currently owns a…
Land-based
Big Las Vegas property owner to take full ownership of two casinos
Penn Live

America’s casinos betting on ‘sustained momentum’ after great start to 2022

ATLANTIC CITY, N.J. - America's commercial casinos are off to their best two-month start ever, the latest indication the industry is recovering in the third year of the coronavirus pandemic. Figures released Tuesday by the American Gaming Association, the gambling industry's national trade association, show that revenue from in-person casino games,…
Finance
America’s casinos betting on ‘sustained momentum’ after great start to 2022
The Street

Iconic Las Vegas Casino Getting Huge Makeover

The times are changing in Las Vegas. Construction cranes seem to be a permanent part of the Las Vegas skyline at this point as casinos are built or upgraded along the Strip as well as in the emerging downtown Fremont St. area.. It's almost like a domino effect as each casino spends millions of dollars to upgrade their look, the next casino must…
Land-based
CoStar

Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals

In the past two years, there has been a flurry of hotel investment activity in the Las Vegas market, with nearly 10 transactions achieving sale prices exceeding $1 billion. Total hotel sales volume for the past two years in Las Vegas is nearly $16.8 billion, representing 17% of the total U.S. hotel sales volume during that time frame. Las Vegas…
Land-based
Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals
The Street

Caesars' Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…
Land-based
The Street

Caesars Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…
Land-based
The Street

Las Vegas Strip Adds Another Huge Casino Project

New hotel casino projects along the Las Vegas Strip continue to proliferate following the slowdown during the covid pandemic. Locals and visitors have gotten used to seeing cranes and construction equipment in the area, and they can expect to see a lot more in the coming months. In recent years, the 4.2 miles of the Strip had been dominated by…
Land-based