Arizona is home to one of the largest casino industries in the Western United States. Incredibly, this industry continues to expand on a regular basis. New reports indicate that a new casino in Phoenix will be opening its doors sometime over the next two years.
Casino fans in the area have reason to be excited. Today, we’ll discuss the details of this new gambling venue. We will also take a look at how Arizona’s gambling industry has been faring throughout 2021.
Here’s what you need to know!
More States Have Recently Welcomed Incredible New Casinos
Regulated casino gambling has been available in the United States for decades. There was a time when only Las Vegas was considered a true gaming hub. That is no longer the case and a huge number of states are now home to a huge number of world-class casinos.
Several states have recently welcomed impressive new gambling properties. Many leaders recognize how effective these venues can be at attracting tourism. They also tend to generate a massive amount of tax revenue for different areas of the country.
Perhaps the most obvious example of this is Las Vegas, which recently welcomed the brand-new Resorts World Las Vegas. At $4.3 billion, this is the most expensive resort ever built in the city. It held a grand opening on June 24 and reports claim this was a major success with thousands of guests attending the opening ceremony.
Atlantic City has also welcomed an exciting new property in 2018 when the Ocean Casino-Resort took the place of the former Revel Resort. Initially, this venue struggled to generate much interest from tourists. Things have turned around in recent years, however, and this property is now the third-most successful venue in the city.
The US casino industry has turned around in a massive way when compared to 2020. There was a time when all major casinos were closed around the country. Most states have now lifted nearly all of the restrictions set on this venue in early last year.
Arizona continues to expand its own casino industry. It’s here that a massive number of popular tribal casinos are located. New reports indicate a brand new casino will soon be opening its doors in the Phoenix area of the state.
Sources Confirm That a New Casino in Phoenix Will Open Soon
The state of Arizona is known for having a large and successful gaming industry. Recently, lawmakers here approved a new set of measures to expand the list of gaming options available here. That took place in April when Governor Ducey approved a new compact that allows both sports betting and additional casinos.
This new compact allows tribal groups in the state to operate thousands of new casinos and four news casinos. That includes two in the Phoenix area. New reports have surfaced this week that another casino in Phoenix will open its doors sometime in the next one or two years.
The new casino in Phoenix will be run by the Gila River Indian Community and will be given permission to offer all of the news games approved in the recent contract. This gaming venue will also be allowed to offer its guests sports betting. It is expected to cost more than $100 million and will also include a hotel.
Gila River Indian Community Governor Stephen Roe Lewis released a statement on this new property to the media this week.
“Adding a 4th casino will bring additional revenue, security, and critical services to Community members. In addition, we anticipate being able to add hundreds of new jobs that Community members can take advantage of, and we expect that many of those will be filled by Community members,” Roe said.
This property will open its doors near Chandler. Once opened, it should be able to employ over 1,000 individuals. Many believe this venue will help to significantly boost tourism rates in the Phoenix area. We’ll be sure to offer more updates on this property over the next few years!
Arizona’s Sports Betting Industry is Expected to Go Live This September
The US sports betting industry began to expand significantly after May of 2018 when the US Supreme Court decided to strike down PASPA. This proved to be a massive deal for the country’s entire gambling industry. More than 30 states across the country now have a regulated sports betting industry set in place.
Lawmakers in Arizona have been working hard to legalize sports betting for many years. It hasn’t been easy, though. Lawmakers have been forced to come up with an agreement with various tribal groups in the state who hold a monopoly over the gaming industry.
As mentioned earlier, Governor Ducey agreed to a new gaming compact in April that formally approved sports betting in the state. Of course, getting any sportsbooks operational here has proven extremely difficult. Lawmakers still need to come up with specific agreements with these tribal groups to launch sports gambling.
There seems to be some real progress being made, though. The current plan is for the state’s first sportsbooks to launch on September 9 of 2021. The Arizona Department of Gaming has released a set of guidelines to get things moving and recently wrapped up its public comments section to hear what local residents have to say about the industry.
There is clearly a lot happening here with Arizona’s entire gambling industry. Sports betting should become available here within a few months. If all goes according to plan, a new casino in Phoenix will open its doors within a year or two, as well.
Are you excited to hear about the new casino opening up near Chandler? Let us know in the comments section below!