Tag Archives: Las Vegas
Analysts buoyant on Nevada’s prospects following best ever April revenue
Nevada’s casinos enjoyed their best ever April bringing in GGR of $1.2bn, an increase of seven per cent on last year’s figures and marking the 38th consecutive month that revenues surpassed $1bn. Gaming revenues on the Las Vegas Strip increased by 6.62 per cent to $666m with VIP baccarat increasing by 80 per cent to $76.7m. Michael Lawton,…
US – Baccarat slows down June but Nevada still celebrating record fiscal year
Nevada gaming revenue numbers dropped 2.4 per cent in June doing nothing to dampen the last month of a fiscal year that saw record GGR in slots, table games, and sports betting, accumulating in an all-time record in fiscal year 2023. June’s revenues were down one per cent on the Strip and 10.4 per cent…
US – Nevada Governor signs in funding for the A’s Las Vegas relocation creating ‘avenue of sports’
Nevada Governor Joe Lombardo has now signed in Senate Bill 1 securing funding for the Oakland Athletics baseball team to move into a $1.5bn, 30,000-seat ballpark in Las Vegas on land currently filled by the Tropicana. Owner Bally’s Corp. is now considering when the Tropicana will be demolished and whether a new resort casino will…
US – Las Vegas Planning Commission considering Harlem Nights themed casino in Historic Westside
A proposal for a Harlem Nights-themed casino has been put forward for the Historic Westside of Las Vegas with developers wanting to build a 60-story casino development with a 764-room hotel and more than 450 multi-family residential units. The proposed casino resort for Jackson Avenue and F Street has been presented to the City of…
US – Billion dollar plus months are the new norm for Nevada but could the Strip soon hit the milestone too?
The Las Vegas Strip’s best ever February helped push the state of Nevada to yet another billion dollar plus month, marking two years of consecutive $1bn plus months and begging the question; is this now the norm for Nevada? The Strip, with 28 casinos, generated $712.4m in revenue, increasing from $599.1m in February 2022 with…
US – Nevada’s casinos follows up best ever year with best ever January
Records continue to be broken by Nevada’s casinos, who following a record-breaking revenue year in 2022, have just generated the highest ever revenue for the month of January. Statewide GGR came in at $1.27bn, marking an 18 percent increase from a year ago, leading to the 23rd consecutive month of $1bn plus revenues in Nevada. …
US – Everi announces plans for new Las Vegas facility
Everi has begun construction of a new facility that upon completion will consolidate the manufacturing, assembly and distribution of its gaming machines currently done in Austin with its self-service fully integrated cash access kiosks, loyalty kiosks and other FinTech products currently assembled in Las Vegas. The new Las Vegas facility, which will adhere to high…
US – Nevada’s casinos set new record for net income with second best GGR in 2022
Nevada’s 296 casinos smashed their personal best in 2022 generating $4.1bn in net income during the 2022 fiscal year, surpassing the previous record of $2.9bn from the 2020 fiscal year, running from July 1 to June 30. In terms of revenue, the state’s largest casinos recorded their second-highest revenue in history last year, almost reaching…
US – City Of Las Vegas launches ‘Down for Anything’ multi-media campaign promoting Downtown Las Vegas’ ethos of opportunity, inclusiveness
At the 2023 State of the City address, Mayor Carolyn G. Goodman announced the launch of a new multi-media campaign, “Down for Anything.” Funded by a federal grant from The American Rescue Plan as part of the city’s recovery effort, the campaign features video and photos of more than 40 downtown Las Vegas influencers, community and business leaders to…
