It’s kind of the opposite of casinos’ efforts to create a “digital wallet” that would be convenient — maybe too convenient for some gamblers. Whatever the motivation, casinos are noticing that they are opting out. Player databases are valuable to casinos. That’s one of the things being added at Durango, with 120 high-limit slots part of the plan as the casino adds 25,000 square feet on the gaming floor.
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Flamingo’s transformation extends beyond dining and pools, with plans to update public spaces such as lobbies, restrooms and the casino carpet over the next nine to 12 months. On the opposite side of Las Vegas Boulevard, the historic Flamingo hotel-casino is undergoing a substantial transformation while preserving its nostalgic charm. Caesars Palace continues to evolve with additional hotel projects in the pipeline, aimed at maintaining the resort’s reputation as a world-class destination. It’s a property that plays in the luxury segment, but it’s approachable luxury.”
- The tourist bet just $25 on the Dragon Link slot machine at the Fontainebleau Las Vegas resort and casino, and won over $1,152,000
- Financial analysts are asking if it’s tariffs, or the weather, or is there something structurally shaky with how Las Vegas works.
- The biggest winner in the fraught campaign to secure one of the three licenses is of course New York State, which is now poised to bring in about $1.5 billion from casino licensing fees alone.
- Bally’s Corporation pitched a $4 billion investment to build a casino and integrated resort spanning 16 acres next to Bally’s Golf Links in Ferry Point.
- As long as you’re making it the property that locals love, the destination people get here and they think they’re stealing from us, because it’s such a good deal compared to the other options out there.”
Industry analysts flagged the purchase at the time, as it is the only parcel in the development zoned for gaming. Its famous Stadium Swim poolside sportsbook has become a city attraction and the casino is home to the Sports Betting Hall of Fame. The brothers also own the Golden Gate and The D Las Vegas casinos. And, for the first time, we heard that debility on the Las Vegas Strip might start dampening locals-casino results. Thanks to room disruption at Green Valley Ranch, hotel revenues sagged 8%.
Visitor volumes, particularly among international travelers, have softened in recent months, adding pressure. Experts and executives say the staff adjustments are strategic, part of a long-term shift toward greater efficiency and profitability in a post-pandemic market. The Kentucky vegas casino app Horse Racing and Gaming Corp. would license and operate each casino in the state. The measure faces stiff opposition from Family Foundation of Kentucky, which opposes all forms of gambling.
The 752-foot, 2,605-unit hotel and condominium project with an 18,000-seat NBA-ready arena on the north Strip received approval from Clark County officials earlier this month. The $6.3 billion dual acquisition of IGT and Everi all but solidifies Apollo as one of the largest and most influential players in the gaming industry. Although analysts are always hinting at potential blockbuster mergers in the gaming industry, few ever actually materialize.
Gaming win can go either way as it will depend on whether the patrons win or lose against the house,” Newell said. “It is always important though to keep in mind the reports reflect a year over year comparison and there may be different drivers in the respective months/years. Asked if October’s gaming numbers signal that Las Vegas has emerged from a summer slump, Newell said, “We believe the numbers speak for themselves.”
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Now, for the first time, guests can experience Gymkhana’s award-winning cuisine and hospitality without crossing the Atlantic. PEOPLE has reached out to Fontainebleau Las Vegas resort and casino for comment The tourist bet just $25 on the Dragon Link slot machine at the Fontainebleau Las Vegas resort and casino, and won over $1,152,000 With a mix of historical preservation and modern reinvention, Caesars is ensuring its resorts remain relevant to the evolving Las Vegas experience.
Las Vegas adds thousands of jobs despite tourism slump
- These regulatory actions aim to maintain the integrity of the gaming industry and protect both operators and patrons.
- Maybe it is just that simple, even against the constant fluctuations of the business of Las Vegas.
- The total number of Las Vegas casino workers who have been laid off in recent months is unknown, but it does not appear to be statistically significant.
- Two other individuals with ties to illicit gambling activities were also named in the complaint.
- MGM Resorts International and Caesars Entertainment, which combined manage 17 casino hotels on Las Vegas Boulevard, are optimistic about the second half of 2025 and the early part of 2026.
In 2024, the city is witnessing significant changes that are shaping its future. Enter LVXP, an ambitious project that promises to feature the city’s tallest building and an NBA-ready arena. The empty 27-acre lot where the amusement park once stood is a sore subject for many city residents. That’s why the seemingly out-of-thin-air announcement that New York City-based Apollo Global Management was buying both International Game Technology and Everi Holdings caught the entire gaming world by surprise. As part of a non-prosecution agreement with the federal government, Wynn Las Vegas admitted that it illegally used unregistered money transmitting businesses to circumvent the conventional financial system. All told, Nevada regulators say Nicole Bowyer made over $667,000 directly from her husband’s gambling at RWLV.
New Guinness World Record in Las Vegas: 115 casinos in 24 hours
Led by chairman Soo Kim, a Queens native and founder of the New York-based hedge fund Standard General, Bally’s vision in the Bronx is to build a 250-foot-tall casino spanning three million square feet that can hold 3,500 slots and other gambling machines, 250 table games, and a poker room. Bally’s Corporation pitched a $4 billion investment to build a casino and integrated resort spanning 16 acres next to Bally’s Golf Links in Ferry Point. The location board projects that annual gaming tax revenue will reach an additional $1 billion by 2036, totaling $7 billion between 2027 and 2036.
Days later, a player at Resorts World Las Vegas turned a $5 bet into a payout of over $11.1 million, making it the first Megabucks jackpot ever won at the casino, KLAS-TV reported. The win comes days after a guest at The Venetian Resort won $1,140,529 from a $125 bet at a Dragon Link machine in mid-November, per CBS affiliate KLAS-TV. The identity of the winner has not been publicly disclosed, as they chose to remain anonymous, NBC affiliate KSNV reported. The win was one of several recently across the Las Vegas Valley.
ALL-OUT! Sahara Will Be 7th Vegas Strip Casino to Fold Poker Room in 5 Years
As technology advances make casinos more efficient at a lower cost, employees are at risk of losing out on some positions, as the Strip has begun to see. “Casino resort employees produced proportionally more revenue now than they did in the past.” AI is being used to help design ideal floor plans in casinos and track gamblers, as Business Insider reported. (The Center Square) — Las Vegas casinos are betting on tighter budgets for their operations as a post-pandemic boom slows and morphs into a trickle of layoffs. Even with the rules and regulations stating a wager must be made on a table or electronic table game, the duo successfully completed visits to 115 casinos across the allotted period.
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Stevens said he believes ETGs represent just another shift in the industry, with consumers more comfortable playing on their phones following the coronavirus pandemic. Stay up to date with the news and the best of AP by following our WhatsApp channel. Bowyer lost over $6.6 million during that time, while the casino extended gifts, discounts and flights on its private jet, according to the complaint. Bowyer has pleaded guilty in federal court in Santa Ana, California, to running an illegal gambling business and is awaiting sentencing. But the casino agreed to make changes to its leadership and implement stricter protocols for preventing money laundering, the newspaper reported.
Reeg noted that this year’s calendar lacked the big-name entertainment headliners — Adele and Garth Brooks — who were performing in Las Vegas last year, which impacted non-casino revenues. Local and Downtown casino resorts have mostly fared better than their Strip counterparts during this year’s tourism dip, but few properties are seeing a continuation of the post-pandemic boom. While the Strip is still the largest American gaming market, the rapid growth of the sports betting and online gambling world poses a potential threat to Las Vegas. Nationwide, the gambling industry grew for the fourth straight year in 2024 to $71.9 billion in revenue, but much of this growth has been attributed to the online gambling world. While Nevada and the Las Vegas Strip’s gambling industry income declined in 2024, largely due to new union contracts and around 6,000 new employees state-wide, revenues reached a record high $31.5 billion.
Wouldn’t it be the apex of irony if unfunded Bally’s New York were the only New York City casino project left standing when all’s said and done? Amazingly, no one seems to have laughed when Caesars CEO Tom Reeg said, “We never sacrifice compliance for revenue,” even though he clearly did. And Big Gaming is thankful too … not for us but for baccarat, which saved its bacon last month on the Las Vegas Strip. We’re talking about an aggregate $18 billion in casino capitalization—not money that’s going to be found under Steve Cohen‘s couch cushions.
The Caesars Palace poker room has had two previous locations, both on the gaming floor. This upscale retail area, near Gordon Ramsay’s Pub & Grill and the Statue of David, is about a five-minute walk from the gaming area. Welcome to ShopLVA, the online store of LasVegasAdvisor.com and Huntington Press, the premier publisher of books on gambling and Las Vegas. Jonas reported that MGM is leaning on high-end business, hoping for stabilization in 4Q and growth next year.
The final stage will come at the end of December, when the New York State Gaming Commission formally votes on the location board’s recommendations and issues casino licenses. “It will probably be sometime next year,” Hill said. Ceremonial groundbreaking on the 33,000-person capacity domed stadium located on the Las Vegas Strip occurred June 23. A’s President Marc Badain also was instrumental in getting Allegiant Stadium built in time for the 2020 NFL season, when he had the same title with the Raiders.
On the same day that Cadence Crossing broke ground, gaming stocks across the industry tanked in reaction to US tariffs. Named after the nearby fast-growing Cadence neighbourhood, the casino represents Boyd’s first new development in 20 years. Boyd Gaming also confirmed late last month it is moving ahead with construction on Cadence Crossing, a 50,000-square-foot casino project in Henderson, a Las Vegas suburb.
The market is now down 3.3% for the fiscal year, compared to +3% for downtown. Conversely, the Strip was down 5% to $681.6 million, its seventh YoY decline in the last eight months. Both projects are illustrative of the recent success of downtown and the Las Vegas locals market relative to the Strip. They have been up and down since and the uncertainty prompted analysts to ask last month whether Boyd might delay or scale down the project. Additional amenities, including a hotel, will be rolled out in phases as the Cadence community grows.
All three New York City casino proposals were tapped in the penultimate round of selection for Empire State benediction. Maybe it’s not “aiding and abetting” but it sure looks like “depraved indifference.” Thank goodness nobody got shot. Case in point, the gay-bashing incident at MGM Grand Detroit last summer, where security guards stood idly by as casino patrons were assaulted. God forbid you should need help in a perilous casino situation because you ain’t getting any. Related Companies, the developer behind Hudson Yards in Manhattan, teamed up with Wynn Resorts for a proposed casino near the Javits Center along Manhattan’s West Side, but dropped out in May.
Like any successful locals’ joint, it has a lot of regulars, and they are taken care of by a lot of longtime employees. Launching it was a bit of a “shock to the system,” Libonati explains, since it’s an intentionally explicit and raunchy brand of laughs, but its longevity proves its worth. As far as entertainment goes, the demographic is a bit older, but that’s been changing since the pandemic. Gaughan has been doing things the same way for decades—it’s all about the guest, that’s what matters, and we all get it.”