Las Vegas is known as the convention and expo hub of the United States. This week, one of the most exciting annual gaming conventions finally kicked off here! Today, we’ll talk about the details of the ongoing 2021 G2E in Las Vegas.
This year’s event is shaping up to be a good one. It should attract a huge number of individuals from within the gaming industry.
Here’s what you need to know.
Monday Marked the Start of the 2021 G2E in Las Vegas
Las Vegas is known for hosting a huge number of popular conventions. For the gaming industry, none is bigger than the Global Gaming Expo, also known as G2E. This expo takes place every year and brings in thousands of individuals involved in the gambling industry.
This Monday marked the beginning of the 2021 G2E in Las Vegas. The four-day event is underway and appears to be a major hit. Tuesday is when things really kicked into high gear, with a staggering number of people making their way to the Venetian Las Vegas Expo Center.
As many are aware, the 2020 Global Gaming Expo took place entirely online. The 2021 Expo is back and bigger than ever. Officials involved claim there are more people making the journey to this convention than ever before. That includes Governor Sisolak, who expressed optimism at what he has seen so far to the media.
“Being here today, I feel so much hope and optimism about the recovery of our state with the return of conferences and trade shows in Nevada and the continued success and growth of the gaming industry,” Sisolak said.
Many of the top casino executives in Las Vegas are being featured at today’s G2E event. These officials will discuss a variety of topics involved with the future of the casino industry. If you have the time, make a trip over to the Venetian to see what everyone is so excited about!
The Las Vegas Casinos Industry Continues to Face Shake-Ups
Las Vegas is home to a huge number of world-class casinos. Many of the country’s top gaming operators are based here. That includes MGM Resorts International, which owns and operates many of the top gambling venues in the city of Las Vegas.
Not long ago, news broke that MGM Resorts had agreed to acquire The Cosmopolitan for $1.6 billion, located on the Las Vegas Strip. The company chose not to purchase the real estate. Instead, they will rent it out for hundreds of millions of dollars per year.
Officials within MGM Resorts also seem to be changing their stance on the online casino industry. In the past, this company pushed against Nevada allowing any internet casinos. CEO Bill Hornbuckle now feels that allowing regulated online casinos will help the state and entire gambling industry in the process.
More casino sales and purchases may be on the horizon here. Station Casinos is currently working on opening a major new property called Durango Station in the Southwestern area of Las Vegas. It is also dealing with various legal disputes from the Nevada Culinary Union.
Las Vegas is not the only US casino hub experiencing some major shake-ups recently. Here’s a quick update on how things are faring over in Atlantic City.
Atlantic City’s Casino Revenue Increases Once Again
Over on the East Coast, Atlantic City remains the biggest and most profitable casino destination. Several major casino-resorts are located here. Throughout most of 2021, these properties have seen increases in their monthly revenue figures.
That was once again the case this past August. Overall, gaming revenue increased by 31% in August when compared to the same month in 2020. The various gaming operators here managed to bring in $427.6 million over the course of the month.
Both land-based and online gambling operators here saw huge revenue increases. The Golden Nugget saw the biggest year-on-year revenue increase at 70%. Tropicana came next at 44%. Every casino here experienced a major surge in revenue.
This is expected to continue into September. Many analysts expect to see New Jersey’s sports betting revenue to increase dramatically over this month, too. This is due to the start of the 2021/2022 NFL season. Stay tuned for updates on this situation over the next few months.
Do you plan to visit the 2021 G2E in Las Vegas? How do you think the casinos in this city will fare throughout the rest of the year? Let us know in the comments section below.