For more than three decades, Casino.org has been helping players search for the best Canadian online casinos to play, through trusted guides from a leading team of experts and their reviews. Canada\u2019s leading online casino teamed up with two military veterans to set a new Guinness World Record for most casinos visited in 24 hours. Most of MGM\u2019s other Strip casinos, such as the MGM Grand, levy an in-room service charge of around $10. The going rate for a Strip casino hotel in April 2025 was $194 on the weekend and $182 midweek. Strip casinos still managed to charge higher rates. Along with the poor April gaming report, the Las Vegas Convention & Visitors Authority (LVCVA) exposed today that Southern Nevada visitor volume last month tumbled over 5% to approximately 3.33 million people.<\/p>\n
With the rise in new developments, ensuring compliance with gambling regulations is more crucial than ever. Amidst the regulatory challenges, Las Vegas is also experiencing a surge in casino developments. From regulatory challenges to exciting new casino developments, the landscape of Las Vegas is as dynamic as ever.<\/p>\n
LAS VEGAS (KLAS) \u2014 Concerns about the Las Vegas economy \u2014 specifically, slow business on the Strip \u2014 have been simmering this year, and it seems no one has an answer to what\u2019s going on. “I think the interest rate level that we’re currently at is disproportionately hitting one end of the market,” said Stevens. Stevens said he continues to see continued growth in the high-end market, but it is “the other end that is kind of hurting.”<\/p>\n
Analysts and industry experts provided context for the Strip\u2019s half-year dip in gaming revenue, including difficult comparisons to 2023, which set multiple monthly records, and high variances in baccarat. Despite a six-month trend of declining gaming revenue to close out 2024, annual financial results for casino operators on the Las Vegas Strip will be on par with some Wall Street projections, according to one financial firm. The influx of new casinos has attracted significant investment in infrastructure to support the growing needs of the gaming and hospitality sectors.<\/p>\n
Blake Sartini, chairman and CEO at Golden Entertainment, saw hotel occupancy at The STRAT Hotel, Casino & Tower plunge to 60% in June. MGM saw a 4% drop in Las Vegas over the three months. Net revenues of $1.054 billion were down from the $1.095 billion reported in the second quarter of 2024. Caesars revenue from Las Vegas dropped by 3.7% over the April-June second quarter. \u201cVegas started leaking as a market, kind of end-of-May. Since opening in late 2023, the casino has added 108,000 customers to its database.<\/p>\n
The M expansion is the second of four big projects to open for Pennsylvania-based Penn Entertainment, one of the nation\u2019s largest regional casino companies.<\/p>\n
The Boulder Strip helped offset some of the Strip\u2019s struggles with a gaming win surge of 8% to $89.9 million. While table and sportsbook win was up 1% to $259.4 million, revenue from the terminals was down over 5% at $387.5 million. The Nevada Gaming Control Board revealed today that the Strip\u2019s gross gaming revenue (GGR) April outcome was slots\u2019 fault. The tourism slump is also affecting job seekers entering the casino industry. She described experiencing two-month stretches without shifts multiple times. Those two events stacked in a four-month time period created momentum for tourism that carried through all of 2024.<\/p>\n
Year-over-year gaming revenue reported by Strip casino operators has declined in six of the past seven months, while downtown Las Vegas casinos posted declines in four of the past six months. Reports of layoffs at various Las Vegas casinos have been popping up for several months now, raising questions about whether the gaming industry is nearing an end to the post-COVID economic boom. Chad Beynon, senior gaming, lodging and theatres analyst at Macquarie Capital, was encouraged by December\u2019s gambling revenue numbers posted by Strip casinos.<\/p>\n
According to authorities, illegal bookmakers and other individuals with suspected ties to illegal gambling activities were regular customers at those properties. But it\u2019s not just domestic sports that are driving the narrative that Las Vegas has become a sports town. Hard Rock and its giant guitar-shaped hotel tower are not expected to open for a few years, although demolition of The Mirage and the new construction began almost immediately during the summer. The Rat Pack-era resort was razed to make way for a proposed Major League Baseball stadium that will be home to the relocating Athletics, formerly of Oakland. The Trop\u2019s two hotel towers were imploded on Oct. 9, accompanied by a drone show and fireworks in the pre-dawn hours.<\/p>\n
Reeg noted that this year\u2019s calendar lacked the big-name entertainment headliners \u2014 Adele and Garth Brooks \u2014 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\u2019s 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\u2019s 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.<\/p>\n
There are also several casualties in the war to bring a casino to New York City piled up. As part of the deal, the Trump Organization will receive a $115 windfall once Bally\u2019s is granted one of the licenses. There is also an ancillary winner from the Bally\u2019s Bronx proposal\u2014President Donald Trump. With 5,000 slot machines, 375 live dealer tables, 30 poker tables and an 18,000 square foot sportsbook, Metropolitan Park is projecting to generate $3.9 billion in revenue and $850 million in taxes annually by the third year of operations.<\/p>\n
\u201cThe gaming win numbers month-over-month have been overall consistent,\u201d Shelley Newell, senior economic analyst for the Nevada Gaming Control Board, said. In January, statewide 2025 numbers reflect the third-highest gaming win of all time. In addition to local casinos, there\u2019s online gambling in some states. Maybe they aren\u2019t interested in earning points toward comps, or they don\u2019t want the casino knowing their business. The state saw casinos win record amounts from gamblers three years in a row before the run ended in June, the end of the fiscal year (July 1-June 30). Derek Stevens, Golden Gate Casino owner & CEO in Las Vegas, told Fox News Digital the hotel has replaced live dealers with entertainment gaming systems as tourism plunges.<\/p>\n
County property records show that the 6.4-acre plot was last purchased in 2017 by PQ Holdings LLC for $3.3 million. Master plans from the city for the area now show \u201cCirca 2 Resort & Casino\u201d just steps away from Circa\u2019s existing parking garage. The last to close was at the Sahara, which became the seventh Vegas Strip poker room to fold in five years when the casino replaced it with slots in November 2024. These moves align with the general Las Vegas corporate trend of deprioritizing poker in favor of slots, which vastly outperform poker\u2019s modest rake-based revenue.<\/p>\n
An anonymous visitor struck it rich at a Las Vegas resort, turning a $25 wager into a jackpot exceeding $1,152,000 on Thanksgiving Day. The lucky winner has chosen to remain anonymous. The guest placed a $25 bet on the high-limit game \u2014 winning a huge amount of over $1,152,000, according to KSNV News 3. Las Vegas visitors tell Fox News Digital that Sin City’s prices are out of touch, calling out dinner bills and resort fees. Quotes displayed in real-time or delayed by at least 15 minutes. The biological mother of a man killed in a shooting in March has filed a lawsuit against the North Las Vegas casino where the slaying happened.<\/p>\n
Billionaire Steve Cohen, who owns the Mets, teamed up with Hard Rock International to propose a $8.1 billion development project to transform the parking lot next to Citi Field in Flushing, Queens into a casino, hotel, convention center, entertainment venue, and 25 acres of new park space. \u201cThe Downstate market is among the strongest in the nation, supported by population density, income levels and tourism,\u201d says Greg Reimers, a member of the New York Gaming Facility Location Board, which managed the casino process for the city. State and local taxes, hotel occupancy and other sources of revenue are expected to generate about $5.9 billion for the state, while problem gambling programs will receive $10.7 million annually. The $100 million integration of a hotel tower from that property into the Paris hotel-casino has \u201cexceeded expectations,\u201d McBurney said. Jonathan Halkyard, MGM\u2019s chief financial officer, told analysts on the call that the number of full-time equivalents (a business term that does not reflect the total number of employees but rather a universally accepted measure of manpower in an organization) was down in Las Vegas during the first three months of 2025. Last month, MGM Resorts International \u2014 the largest employer in Nevada \u2014 eliminated concierge services at six of its nine Strip casinos, resulting in 19 job losses and 15 employees being reassigned.<\/p>\n
The Mirage \u2014 which many industry experts credit with ushering in a new age of Las Vegas megaresorts \u2014 shuttered so that Hard Rock Hotel & Casino Las Vegas and the Guitar Hotel Las Vegas could take its place. From casino closings and implosions to messy regulatory scandals and multibillion-dollar deals, Nevada\u2019s gaming industry added plenty of new chapters to its storied history in the last year. Each year brings new challenges and opportunities for Nevada casinos, adding to the ever-changing and endlessly intriguing tale of gambling in the Silver State. LAS VEGAS (KSNV) \u2014 As Las Vegas grapples with a significant drop in tourism numbers, local residents are stepping up to support the city’s casino industry. She said there were additional factors \u2014 entertainment and sporting events \u2014 that played into Las Vegas casinos\u2019 performance in October. The statewide October win was about 5% better than October 2024, and Strip casinos performed 8.2% better.<\/p>\n