Record-Breaking Year in Las Vegas Sets Stage for New Heights in 2024
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Record-Breaking Year in Las Vegas Sets Stage for New Heights in 2024
Las Vegas experienced unprecedented success in 2023, marking the city’s most profitable year to date. As the year drew to a close, industry experts and analysts predicted that the momentum would carry over into 2024, setting the stage for even greater achievements.
Both gaming and non-gaming sectors contributed to the city’s remarkable growth. New resort openings, record-breaking air traffic, and an influx of visitors all played a role in boosting revenue and fueling economic expansion. Brendan Bussmann, a gaming industry analyst, expressed his enthusiasm, stating, “I think it’s been another remarkable year for Vegas.”
One of the highlights of the year was the opening of two new properties within days of each other. Durango, a locals casino owned by Red Rock Resorts, and Fontainebleau, a luxury resort that had been in development for over a decade, captured the attention of gaming analysts and visitors alike. Durango was praised for its impressive casino floor, diverse dining options, and high-quality amenities. Fontainebleau, after years of setbacks, finally opened its doors to the public, offering a grand experience for VIP guests.
Adding to the city’s allure was the unveiling of The Sphere, an extraordinary live entertainment venue. With a massive interior screen and a colossal LED screen on its exterior, The Sphere quickly became a popular attraction for both locals and tourists. The venue showcased a range of artistic content and innovative advertising, further enhancing Las Vegas’ reputation as a hub for entertainment.
The city’s biggest special event of the year, the Formula One Las Vegas Grand Prix, was a sensation that drew over 100,000 spectators each night. Although some businesses were inconvenienced by street closures and limited access, the overall reception was overwhelmingly positive. Industry analysts anticipate that the event will have a significant impact on the city’s long-term growth and the attraction of new visitors.
In addition to these achievements, Las Vegas also saw significant advancements on the labor front. The Culinary union successfully negotiated new contracts with the three largest Strip employers, averting a potential strike. The agreements, covering approximately 35,000 workers, included substantial raises and improved compensation packages.
With such a remarkable year behind them, Las Vegas is poised to reach new heights in 2024. The city’s record-breaking success, combined with ongoing growth initiatives, sets the stage for continued expansion and innovation. As Brendan Bussmann stated, “Vegas is on an upward trajectory, and there’s no doubt that the best is yet to come.”
Las Vegas 2023 Year in Review – FAQ
1. What contributed to Las Vegas’ remarkable growth in 2023?
– The growth was fueled by both the gaming and non-gaming sectors. New resort openings, record-breaking air traffic, and an influx of visitors all played a role in boosting revenue and fueling economic expansion.
2. Which new properties opened in Las Vegas in 2023?
– Two new properties opened in Las Vegas in 2023. Durango, a locals casino owned by Red Rock Resorts, and Fontainebleau, a luxury resort that had been in development for over a decade.
3. What were the highlights of Durango and Fontainebleau?
– Durango was praised for its impressive casino floor, diverse dining options, and high-quality amenities. Fontainebleau, after years of setbacks, finally opened its doors to the public, offering a grand experience for VIP guests.
4. What is The Sphere in Las Vegas?
– The Sphere is an extraordinary live entertainment venue with a massive interior screen and a colossal LED screen on its exterior. It quickly became a popular attraction for both locals and tourists, showcasing a range of artistic content and innovative advertising.
5. What was the biggest special event in Las Vegas in 2023?
– The Formula One Las Vegas Grand Prix was the city’s biggest special event of the year, drawing over 100,000 spectators each night. It had a significant impact on the city’s long-term growth and the attraction of new visitors.
6. What were the labor advancements in Las Vegas in 2023?
– The Culinary union successfully negotiated new contracts with the three largest Strip employers, averting a potential strike. The agreements included substantial raises and improved compensation packages for approximately 35,000 workers.
Definitions:
– Gaming sector: Refers to the casino and gambling industry in Las Vegas.
– Non-gaming sector: Refers to industries and businesses in Las Vegas that are not directly related to gambling, such as resorts, entertainment venues, and restaurants.
