Las Vegas Strip Casinos Get a Big Win (Gamblers Beware)
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The new Resorts World Las Vegas was built during a global pandemic. The company that owns it was worried that the project might not be successful. Now, the Fontainebleau Las. Vegas is moving forward with a planned 2023 opening and the North Strip has an NBA-ready arena and another planned casino from Siegel Group. Las Las casinos are making a comeback. Las Strip Casinos Get a Big Win (Gamblers Beware).
Las Vegas Strip casinos made a comeback in 2021. The annual revenue reached $53.03 billion. First quarter of 2022 brought in $14.31 billion, which is a new first-quarter record.
The Las Vegas Strip is the highest-grossing gambling locale in 2021. Atlantic City is second at $2.57 billion. Chicago is third at $ 2.01 billion, Baltimore-Washington D.C. is fourth at 2 billion and Boulder Strip in Nevada is fifth at 967 million.
U.S. casinos won $5.3 billion from gamblers in March. The previous record was $4.92 billion in July 2021. Sports betting will drive gaming revenue. The economy is teetering on potential challenges that could slow the current growth trends.
