Casino Vegas

vegas casino – The Las Vegas Strip, home to casino giants such as the MGM Grand and the Bellagio, generated a total of $8.29 billion in revenue in 2022, up 17 percent from the previous year, according to data released Tuesday by the Nevada Gaming Control Commission.

(Bloomberg) — Gamblers in Nevada and Las Vegas shrugged off record highs for the second year in a row as high inflation and recurring flooding from Covid-19.

Casino Vegas

The Las Vegas Strip, home to casino giants such as the MGM Grand and the Bellagio, generated a total of $8.29 billion in revenue in 2022, up 17 percent from the previous year, according to data released Tuesday by the Nevada Gaming Control Commission. Statewide revenue was $14.8 billion, up 11%.

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While trade shows and conventions were weak during the pandemic, the US gaming capital quickly recovered from the casino closures of 2020. Leisure travelers continued to show up as online gambling expanded in many states. Federal stimulus funds, as well as several special city events, helped bring free spending back to the game.

“Nevada has continued to benefit from a healthy local economy with record employment levels and rising domestic and international leisure travel demand,” Michael Lawton, senior economic analyst for the Gaming Control Board, said in a statement.

Total visitors to Las Vegas rose 21 percent to 38.8 million last year, according to the city’s convention and visitors authority. This was still less than about 8.7% of the 2019 total. Convention attendance, nearly 5 million guests, compared to 6.6 million four years ago.

In a further boost to the global outlook, Macau reported an 82.5% jump in gaming revenue in January as China’s reopening during its week-long Lunar New Year break boosted visitor flows. The recovery saw the city lose its title as the world’s biggest gaming hub after 10 straight months of double-digit declines, although analysts warned it was unclear whether the pace of recovery could be sustained.

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