Rio Suite Hotel Celebrates 30 Years as Trendsetting Las Vegas Resort

Rio Suite Hotel in Las VegasBring out your Mardi Gras masks, because it’s time to celebrate the Rio Suite Hotel’s 30th birthday. The groundbreaking hotel shook up the Las Vegas resort scene when it opened on Jan. 15, 1990.

With the countless number of resorts on the Las Vegas scene now, it’s easy to forget how the Rio pioneered the way to the norm that’s industry standard today. The Rio was the first of its kind when it put the buffet kitchen in the dining area, when it opened a large-scale nightclub, and when it enticed crowds to its pool with white sands and exotic parties.

The off-Strip Brazilian-themed property also had the first all-suite resort in Las Vegas, with floor-to-ceiling glass in all the rooms. They also perfected the art of on-resort entertainment, with Danny Gans being the first start headliner to command a $100 ticket per show. Magic-show entertainers, Penn and Teller, have been serving laughs at their show that’s been running on the property since 2001.

Rio’s Highlights Over the Years

The Rio has had a colorful past thirty years indeed. Early visitors will recall being greeted by women dressed in colorful costumes with artificial fruit baskets on their heads.

In its heyday, it hosted its famous “Masquerade Show in the Sky,” that Rio guests were able to enjoy several times a night. It’s a much-missed attraction that amused both tourists and locals from Feb. 7, 1997, to its final performance on March 30, 2013.

The color spectacle included performer-laden floats traveling along a track on the ceiling and singers and dancers performing on a two-story, floor-level stage. Audience members can remember eagerly trying to catch beads tossed by performers.

In 1998, the Rio opened its Convention Center, that would later set the stage for the 2005 World Series of Poker Tournament. In 2006, Harrah’s purchased Caesars properties, including the Rio, for $9 billion. Caesars sponsorship of the WSOP helped fill the hotel to maximum capacity.

It was even the home of the late Prince’s residency in the 2000s.

The Chippendales show has also had its famous run there, usually falling under the first-time Vegas visitor’s to-see list.

New Owner: Looking To the Future

On Dec. 5, 2019, the newly formed Dreamscape Companies, became the new owner of the hotel in a $516.3 million deal. It has major hopes bringing the property back to its former glory.

Dreamscape will have plenty of lead time to determine how to drive customers to the 2,500-suite off-Strip property. Caesars Entertainment will continue to operate the building for two years with an option for a third year before Dreamscape takes over with its own management team, according to a Securities and Exchange Commission filing. Caesars will pay annualized rent of $45 million while Dreamscape strategizes on to whom and how it will market the resort.

The 22 acres of unused land, part of the 90-acre Rio campus, also provides potential opportunity, with potential development plans possibly including a Major League Baseball stadium, though it hasn’t been confirmed.

One thing that will remain the same under the new ownership is that Rio will continue to host Caesars’ popular World Series of Poker tournament, at least next year. Hosting rights will remain with Caesars which will later make decisions on where to host the event that attracted a record of more than 154,000 entrants in 2019.

Daily Fantasy Sports Provider DraftKings Opens Las Vegas Office

Town Square Offices in Las VegasDraftKings, the Boston-based daily fantasy sports contest provider, just opened up an office in Las Vegas.

President and co-founder, Matt Kalish, and DraftKings race and sports director, Johnny Avello, welcomed guests to the Town Square office on Wednesday, where 70 employees currently work. The company moved into their flexible new workspace on Monday – which it leases from WeWork – and plan to have more than 300 employees in the upcoming months.

Why Las Vegas is the Perfect Fit

When asked why the company chose Las Vegas to hold their office, Kalish said this:

“This is an iconic city when it comes to sports betting. It’s been the hub of all of that activity in our country for many decades. We see ourselves as looking to integrate as deeply as possible into the community.”

The opportunities with sports betting keep opening up nationwide. We want to make sure we continue to lead the pack and, to do that, we needed to invest in Las Vegas and take advantage of some of the great talent that’s here in this market.”

The Las Vegas office established a dedicated back-of-the-house call center that will handle customer experience, fraud, casino, sportsbook traders, human resources and information technology. Local employees are expected to handle customer inquiries around the clock. Once the DraftKings’ Las Vegas office is fully operational, it will be the second largest in the country behind the Boston operation.

Currently, the company offers its sports-betting app in New Jersey, Pennsylvania, Indiana, New Hampshire and West Virginia with physical retail sportsbooks in New Jersey, New York, Iowa and Mississippi. According to Kalish, the company hasn’t decided how they’ll pursue a retail outlet or become a licensed operator in Nevada just yet, instead focusing solely on growing the company’s presence in the Silver State as of now.

Help from Local Talent

Former Wynn Las Vegas sports book director, Johnny Avello, was one of the first local talents to come aboard. He was hired by DraftKings in 2018 to work in the same capacity. Avello’s Las Vegas team includes sportsbook personnel that also formerly worked at other Las Vegas resorts.

Avello said this of finding a sweet spot for the company in town:

“Finding this location, it’s been in the works for a long time and, to me, it’s perfect. Town Square has great amenities, and this is a great work environment. It’s also close to the airport for people who need to get in and out. Anywhere where sports betting is legal, we’re looking to be in that market.”

DraftKings Continues to Expand

The company got its humble start out a spare bedroom. Founded in 2012 by Kalish and his two friends, Jason Robins and Paul Liberman, DraftKings quickly became a known brand once the popularity of fantasy sports was met with more loosened sports rules in different parts of the country.

Currently, the company’s daily fantasy product is available in eight countries, with its sports book division offering mobile and retail betting in eight states. DraftKings is also the official daily fantasy partner of the National Football League and the PGA Tour.

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For the past five years, DraftKings has had its eye on operating in Nevada. Last February, they announced their multi-state partnership deal with Caesars.

Under terms of that agreement, Caesars is offering DraftKings market access for its online gaming products, subject to passage of applicable laws and the parties securing applicable gaming licenses.

Their partnership with Caesars could result in new growth in the months ahead with Caesars on the verge of merging with Reno-based Eldorado Resorts Inc., in a proposed $17.3 billion deal. The deal is expected to close in the first half of this year.

The strategic plan to open a company office in the US gambling capital will only continue to expand their highly sought-after product and presence. Kalish said:

“DraftKings is in a great position. We have a ton of interest in the company because of our story. Everybody’s drawn in because of what’s going on with sports betting in the U.S. People want to change industries and change their career path to come work for us. I think we got 45,000 job applications last year.”

What’s Happening in Vegas? January 12-18

There’s something for everybody in Las Vegas. Sports, entertainment, and fun await residents and travelers to Sin City.

Here are all the exciting events taking place this week in Las Vegas:

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Sunday: January 12th

Escape to Margaritaville

The new musical is appearing at The Smith Center in Las Vegas for their first tour run.  Based on the hit song by Jimmy Buffet, the story follows singing bartender Tully who falls for a woman who walks into his bar. 

With music and lyrics by Buffet himself, the story is a fun tropical-style romp.

Escape to Margaritaville has performances at 2:00 PM and 7:30 PM on January 12th. Tickets are available through The Smith Center.

Monday: January 13th

Ice Skating at Cosmopolitan

The Ice Rink is reopening at The Cosmopolitan and guests of all ages can enjoy the skating fun while taking in the surrounding views of Las Vegas.

Each winter the Boulevard Pool freezes over and becomes a trendy spot to strap on the skates, sip some hot chocolate, and snack on s’ mores by the firepit.

The Ice Rink at The Cosmopolitan of Las Vegas opens Monday, January 13th at noon with prices starting at $30.

Wednesday: January 15th

UNLV vs San Jose State

UNLV Runnin’ Rebels will face the San Jose Spartans at the Thomas and Mack Center.

The Rebels are looking to keep their momentum going strong coming off a four-game win streak while The Spartans will be pushing hard for dominance. This promises to be an action-packed game.

Catch all the action Wednesday, January 15th starting at 8 PM. Tickets are just $15.

Thursday: January 16th

Bartender Battle at Hofbrauhaus

The ultimate bartender competition will take place at Hofbrauhaus on Thursday, January 16th.

Local bartenders in Las Vegas will go head-to-head in a real-time competition to see who can make the best cocktail. Attendees can enjoy samples of the signature cocktails during round one.

The battle begins at 6 PM with tickets priced at $15. Must be 21 years or older to attend.

Saturday: January 18th

The Chainsmokers at XS

Grammy Award-winning duo The Chainsmokers continue their residency at XS nightclub inside The Wynn Las Vegas.

XS has frequently been ranked as one of the top nightclubs in Vegas and has quickly become the place to see EDM, making it the perfect home for The Chainsmokers whose residency is set to run through 2021.

Fans can catch their live performances for just $40 per ticket.

There’s always something to do in Las Vegas, the city that never sleeps!

What’s Happening in Vegas? January 5-10

You’ll never get bored in Sin City, there’s always something fun and exciting happening! With more entertainment options than anywhere else in the world, check out the list of events happening this week down below.

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Here’s a look at what’s happening in Las Vegas over the next few days:

Monday: January 6th

CES

Get a glimpse of what new technology is set to hit the market for 2020 at this event before anyone else. Held every year in Las Vegas, the Consumer Electronics Show allows guests to try out demos for a variety of products, ranging from new gaming systems, computer software, and more.

Many companies are known to release tech news during CES week, too. And the only way to know about it? You have to be there.

CES will be held at the Las Vegas Convention Center and starts at 2:00PM. Registration for the event starts at $300.

Tuesday: January 7th

Steve Aoki

EDM icon Steve Aoki has been around for almost a decade and for good reason. His always energetic performances really know how to get a crowd going. Fans can expect Aoki to pull songs from his debut album Wonderland all the way to to his latest installment Neon Future III.

Steve Aoki will be performing at Omnia nightclub inside the Caesars Palace Casino starting at 10:30PM. Don’t miss out on seeing this legend for a low price of $40.

Wednesday: January 8th

Drake

Canadian superstar, Drake, is known worldwide for his chart-topping songs. From acting to rapping, songwriting, and producing, he can really do it all.

Currently, Drake is responsible for some of the hottest songs on the radio today.

There’s nothing better than hearing these songs live alongside an energetic crowd. So don’t miss out on seeing Drake perform at XS Nightclub inside the Wynn Las Vegas Hotel & Casino. Tickets are $75 and the event begins at 10:00PM.

Thursday: January 9th

Golden Knights vs LA Kings

From the moment they announced their NFL arrival, the LA Kings have been after the Golden Knights. So you can expect this game to be action-packed! This one you surely won’t want to miss out on.

You can catch these two rivals go head to head at the T-Mobile arena beginning at 7:00PM. Ticket prices start at $49.

Friday: January 10th

Keith Urban

Popular country music star, Keith Urban, is paying a visit to Las Vegas before embarking on his 2020 tour that will be taking him to eight countries around the world.

Don’t miss out on the opportunity to sing along to his greatest hits when Keith Urban hits the stage at The Colosseum inside the Caesars Palace.

Seating starts at $69 with the show beginning at 8:00PM.

Starting the year off right in Las Vegas shouldn’t be a problem. With this list of what’s happening in Las Vegas for the week, you’ll be sure to have a great time.

If you’re looking for a guide to help you choose the best attractions, restaurants, and casinos in Sin City, check out our guide to all things Las Vegas.

Have fun!

Rumors of a Las Vegas Tropicana Sale Are Circulating

Over the past year, several of the biggest and most popular hotel-casinos in Las Vegas have been sold. Many companies are now focused on selling properties and reinvesting the money earned into new properties domestically and abroad. This week, rumors of a Las Vegas Tropicana sale began to circulate.

Tropicana Las Vegas

As of now, these are still just rumors. Penn National Gaming, which owns the hotel-casino, has not officially confirmed this sale. Today, we’re going to talk about the history of this popular venue, and why it could soon be sold.

Let’s get into it!

History of the Tropicana Las Vegas Hotel & Casino

For decades, the Tropicana in Las Vegas has been a popular venue for tourists looking to save a little money. Its prices are fantastic, yet the hotel still offers a fantastic casino floor and some solid amenities. It’s impressive, considering it’s been around since 1957.

Back in 1955, Ben Jaffe came up with plans to open a new venue on the Las Vegas Strip. Before long, construction began on this venue and in 1957, it officially opened up. Over the first few years of opening, this property changed hands several times. Las Vegas city officials raised concerns that the owners had ties to organized crime.

By the 1970s, the Tropicana Las Vegas was struggling financially. Major hotel-casinos such as Caesars Palace were attracting the majority of visitors. By 1978, mob activities once again took over Tropicana.

Columbia Sussex acquired Aztar, which owned Tropicana Las Vegas, in 2007. The company then announced a massive $2 billion renovation which was scheduled to be completed in 2010. The financial crisis eventually put a hold on these plans.

In August of 2015, Penn National Gaming purchased this hotel-casino for $360 million. Hope was that this company could finally turn things around. It now appears another sale is on the horizon. Rumors of a Las Vegas Tropicana sale have been circulating for the past few days.

Is the Las Vegas Tropicana Sale Taking Place in 2020?

This isn’t the first time people have speculated about a Las Vegas Tropicana sale. This hotel-casino continues to struggle against some of the other, larger venues in the city. Rumors of this sale first appeared back in October.

This week, Vital Vegas announced that the sale was nearing completion. Officials within Penn National Gaming refused to comment on the rumors. Nevertheless, many are claiming that this sale will be completed sometime in 2020.

If this sale is completed, it will be the first Las Vegas Strip venue sale of 2020. As we already mentioned, Penn National acquired the property in 2015 for $360 million. Analysts claim that the company could earn $700 million from a Las Vegas Tropicana sale.

It’s still unclear which company will purchase this venue. Several major companies have expressed interest in acquiring a Las Vegas Strip property.

Penn National Gaming is still dealing with billions of dollars in liabilities. Selling the Tropicana could help to put a serious dent in this debt. We’ll need to wait and see whether or not the company decides to officially put this venue on the market.

More Las Vegas Strip Properties Are Coming in 2020

The Las Vegas Tropicana sale seems highly likely for 2020. This is probably not going to be the only Las Vegas Strip sale taking place this year. Based on the way things have been going, there will be several more of these sales that take place in 2020.

MGM Resorts International is still considering more property sales. Last year, this company sold both Circus Circus and The Bellagio. The latter earned the company $4.2 billion, making it the largest hotel-casino sale in Las Vegas history.

Officials within MGM Resorts claim they are interested in putting more of their major venues up for sale soon. This company is focused hard on breaking into Japan. In order to do this, the company needs capital and property sales are the best way to acquire the money.

The Las Vegas Strip is changing fast. Over the next few years, several brand new hotel-casinos will open here. It’s an exciting time for locals and tourists in the city.

Stay tuned for more Las Vegas casino news over the next few months!

The Sportsbook at Circus Circus is About to Improve

Not long ago, MGM Resorts International officially sold Circus Circus. Since that time, the new owner has claimed he wants to significantly upgrade the property. Recent reports indicate that the sportsbook at Circus Circus is set to improve dramatically.

Circus Circus Hotel-Resort

It’s extremely exciting news for fans of this venue. The new sportsbook is expected to be fantastic. Today, we’re going to take a quick look at why this property was sold, and how it may change in 2020.

Let’s get into it!

The Sale of Circus Circus is Officially Complete

Las Vegas is home to many of the biggest and best casino-resorts in the world. Some of these venues have been open for decades. Others are fairly new. Circus Circus first opened its doors to the public in 1968. Years ago, MGM Resorts International acquired this venue.

For a time, this was a popular hotel-casino that attracted visitors from around the country. Over the past few decades, however, the popularity of Circus Circus has declined. It’s gone through very little renovations and does not offer nearly as many amenities as most other hotel-casinos in the city.

The location of Circus Circus also leaves a lot to be desired. It’s in the northern area of the Las Vegas Strip, which has struggled to attract tourists. Officials within MGM Resorts eventually decided that it was time to sell this property.

Surprisingly, it didn’t take long for MGM to find a buyer. Phil Ruffin immediately expressed his desire to purchase the hotel-casino. He eventually agreed to purchase Circus Circus for $825 million.

Not long ago, members of the Las Vegas Gaming Commission officially approved this sale. Now, Mr. Ruffin can begin to officially come up with new plans for this venue. It now appears that he’s interested in upgrading the sportsbook at Circus Circus. Will this help to bring in more visitors?

Plans to Improve the Sportsbook at Circus Circus Are Announced

Not long after Ruffin purchased Circus Circus, he teamed up with William Hill to operate the casino’s sportsbook. William Hill is one of the largest sports betting operators in the world. It’s based in the UK, yet it’s begun to push heavily into the US market over the past year.

This week, William Hill announced its plans to upgrade the sportsbook at Circus Circus. Joe Asher, CEO of William Hill US, claims the improvements will come after the Super Bowl in February of 2020. He spoke to the media and claimed that the improvements will help to bring new life to the Strip’s northern area.

“The north end of the Strip has so many new and updated offerings opening over the next few years and we’re excited to plant another flag in this part of town,” Asher said.

The upgrades to this sportsbook include updated video screens, odds boards, and direct access to William Hill’s mobile betting application. It will be one of the largest changes to this sportsbook since its opening.

The new sportsbook at Circus Circus will certainly help this venue. It’s been criticized in the past for its outdated amenities. Hopefully, more people begin choosing to stay and gamble here.

The Northern Las Vegas Strip is About to Get Better

As we already mentioned, the northern area of Las Vegas has struggled over the past couple of decades. Many of the city’s most impressive venues are located in the central area. Fewer individuals are now choosing to stay in the north.

This may be changing soon, though. Several impressive projects are underway in the northern Las Vegas Strip that will have a major impact. This includes the upgrades to the sportsbook at Circus Circus.

The biggest project here is called Resorts World Las Vegas. This is a massive casino-resort being constructed by the Genting Group. It’s costing more than $4.3 billion to construct, making it the most expensive hotel-casino ever built in the city.

Resorts World is expected to be incredible. Many believe it will completely transform the northern area of the Strip. Resorts World will finally open to the public in 2021.

It’s an exciting time for both locals and tourists in this city. We’ll need to wait and see how much this city changes once Resorts World is built. Stay tuned for updates over the next few months!

What’s Happening in Vegas? December 29 – January 4

There’s always something exciting happening in Las Vegas. More entertainment options are available in this city than anywhere else in the world.

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Here’s a quick look at what happens in Las Vegas over the next few days:

Sunday: December 29th

Diplo

One of the hottest names in music right now is set to perform inside the XS Nightclub on Sunday. Diplo has released several major hits over the years including “Revolution.” He’s performed alongside legendary artists such as Major Lazer and Skrillex, yet on Sunday he’ll be holding things down by himself.

XS Nightclub is one of the best venues to watch musicians perform live. It’s located within Wynn Resorts Las Vegas and has hosted a huge number of world-class artists. If you’re in town, make sure to check out Diplo’s performance! Tickets can be purchased starting at just $30.

Tuesday: December 31st

Calvin Harris

Speaking of famous musicians, Calvin Harris is performing his New Year’s Eve set inside Omnia Las Vegas this Tuesday night! Harris is without a doubt one of the most famous EDM musicians in the world today. There’s no better way to kick off 2020 than inside a Las Vegas nightclub listening to some of the best electronic music in the world.

If you’re looking for a fun way to cap off the decade, this is it. Incredibly, tickets are still available. Prices to see Harris inside Omnia are starting at around $150.

High Roller NYE

Want to celebrate the New Year but don’t enjoy nightclubs? Consider checking out the High Roller NYE celebration at The High Roller. Here, guests have an incredible view of the Las Vegas fireworks show from above. Drinks are also included.

This massive Ferris wheel is located inside The LINQ. It’s larger than both the London Eye and Singapore Flyer. As the name suggests, this is one for those with some money to spare. Tickets are currently available for $350.

Thursday: January 2nd

Flyers vs. Golden Knights

Just because New Year’s Eve wraps up doesn’t mean the fun stops in Las Vegas! On Thursday, the Golden Knights will be taking on the Philadelphia Flyers in what should be a highly competitive matchup. A huge number of fans should already be in town for the celebrations and this game’s atmosphere should be electric.

It’s taking place inside the T-Mobile arena and begins at 7 pm. Tickets to see the first home game of 2020 are still available. Seat prices are starting at just $98.

Friday: January 3rd – Saturday: January 4th

The Fortress Invitational

On Friday and Saturday, some of the best collegiate ice hockey teams in the country are competing in The Fortress Invitational. Ohio State, Westpoint, Cornell, and Providence will all be looking to secure the invitational trophy. It’s anyone’s guess which team will reign supreme.

Some fans claim that college hockey is more entertaining than the NHL. If you want to check out the action for yourself, head over to the T-Mobile Arena. Tickets are still available for just $30.

Have a fantastic New Year’s Eve, and enjoy the celebrations in beautiful Las Vegas!

Nevada’s November Gaming Revenue Dropped This Year

For most of 2019, gambling revenue in Las Vegas has increased. It’s an exciting statistic, considering casino competition has been increasing around the US. Unfortunately, Nevada’s November gaming revenue dropped. Revenue Drop Picture

It’s not entirely surprising. November is considered one of the least-busy months for Las Vegas. It’s likely that gambling revenue will increase once again in December. Today, we’re going to look at exactly how much gaming revenue fell last month.

Let’s get into it!

2019 Proves to Be a Fantastic Year For Las Vegas Casinos

Las Vegas is still the country’s biggest and best gambling destination. In recent years, however, a huge number of states have begun to expand their casino industries. Many felt that this rise in competition would take a toll on Nevada. This did not turn out to be the case.

As we’ve already mentioned, gambling revenue has increased here for almost the entire year. This is especially true on the Las Vegas Strip. Here, nearly all of the casinos have experienced massive revenue gains.

This Summer was a particularly impressive season for gambling venues in Las Vegas. During June, July, and August, gaming revenue surged in the city. Hotel occupancy was also close to reaching record-breaking levels.

Even during Fall, casino revenue surged here. In October, gambling revenue here surpassed $1 billion. Revenue from the Las Vegas Strip during this month reached $538.5 million.

The next month, gambling revenue finally dropped. Reports on Nevada’s November gaming revenue have just been released. Here’s how the state’s gambling venues performed.

Nevada’s November Gaming Revenue Falls in November

November isn’t typically thought of as a popular gambling month for Las Vegas. Many individuals are gearing up for the holidays and aren’t interested in wagering their money inside casinos. This week, the NV Gaming Control Board released reports on Nevada’s November gaming revenue. Unfortunately, things didn’t turn out great.

According to these reports, gambling revenue was down 3.1% when compared to November of 2018. Overall, the state brought in $937.5 million in gambling revenue. In Clark County, where Las Vegas is located, revenue dropped by 3.4% to $805.2 million.

North Las Vegas casinos performed the worst. Casinos in this area generated just $19.3 million. This represents an astounding 15.3% drop from the same time last year.

Historically speaking, Baccarat is one of the best games for casinos to generate revenue. Interestingly, Baccarat revenue dropped significantly in November. Michael Lawton, a senior research analyst for the state Gaming Control Board, commented on this to the media this week.

“The continued trend of decreased baccarat volumes was the cause for this month’s decline as volumes of $557 million were down $247.4 million or 30.8 percent,” he said. “Baccarat volumes have only increased twice this calendar year and are currently down 14.9 percent through November.”

Sports betting proved to bring in a significant amount of revenue last month. Sports pools won $31 million, up 14.3 percent or $3.9 million compared to 2018. Overall, Nevada’s November gaming revenue drop doesn’t mean much. It’s likely that things have already bounced back in December.

Construction Continues on Resorts World Las Vegas

For years, officials in Las Vegas have discussed the impact that Resorts World will have on the city. It’s the most expensive casino-resort ever built in the city. Most feel it will be one of the best gambling venues ever built.

Initially, the hope was that this venue would open in 2020. Not long ago, former MGM Resorts executive Scott Sibella became president of Resorts World Las Vegas. He pushed the opening of the venue back until 2021.

Sibella claims that he wants to ensure everything is perfect by the time it opens to the public. He also added several entertainment features to the resort including a 5,000-seat theater.

Resorts World Las Vegas is opening in the northern area of the Las Vegas Strip. This is an area of the city that’s struggled to attract tourists. Hopefully, this new casino-resort will bring new life to the area.

Nevada’s November gaming revenue dropped. For most of 2019, however, the state has generated a huge amount of money from its gambling venues. Make sure to stay tuned for an update on December’s revenue earnings!

Japan Begins to Study the Las Vegas Casino Model

In 2018, lawmakers in Japan officially approved a bill that legalizes casino gambling. It was a huge moment for the country, which had previously banned almost all forms of gambling. Officials here are still working to create a plan for the three casino-resorts to begin operating. Recently, Japan has begun to study the Las Vegas casino model for support.Famous Las Vegas Sign

Las Vegas is still considered the gold standard for the US casino industry. Here, most of the country’s top gambling venues are located. Let’s take a look at what Japan hopes to learn from this city.

Lawmakers in Japan Continue to Debate Over Regulations

For a time, it seemed as if Japan would never open up its casino industry. For decades, nearly all forms of gambling have been strictly prohibited in this country. Only mahjong, a tile-based skill game, allows individuals here to wager money.

It seems that the country’s lawmakers finally realized how much money they were missing out on. Nearby Macau is considered the biggest gambling hub in the world. Even the Philippines now operates a massively successful casino industry.

In July of 2018, Japan officially decided to legalize casino gambling. Under the current plan, three casino-resorts will be allowed to open in the country. Before this can happen, though, lawmakers are coming up with a set of regulations.

Government officials here want to ensure that rates of gambling addiction and crime do not increase once casinos are introduced. Today, a huge number of countries in Europe are dealing with rises in problem gambling. Several regulations have been introduced in Japan to avoid this, yet lawmakers are still debating exactly what should be allowed and what should not.

The first gambling venue will not begin operating in Japan for at least a couple more years. In the meantime, officials will be working to come up with an exact plan for the casino-resorts to get up and running.

Japan Looks at the Las Vegas Casino Model For Support

There is no better city to look for regulation over a casino market than Las Vegas. As we already mentioned, many of the world’s biggest and best casino-resorts are located here. Officials in the city have decades of experience monitoring and taxing casino-resorts.

Recently, several officials in the Japanese casino industry have begun asking for help from Las Vegas gaming regulators. Not long ago, these officials invited Becky Harris to speak on effective casino regulation. Harris recently spoke with the Las Vegas Review-Journal about her experience in the country.

“Japan is still working on creating their regulatory environment, so there’s a lot of speculation as to what that could look like,” Harris said. “One of the models that Japan is looking at is Nevada, so there were some questions about the way that Nevada regulations work.”

Macquarie analyst Chad Beynon claims that Japan is looking to implement similar measures that Las Vegas currently has. Not everything will be applicable in Japan, yet the Las Vegas casino model should provide a solid regulatory outline.

Analysts Continue to Expect a Bright Future For Japan’s Casino Industry

Almost immediately after the news broke of Japan’s legalization of casino gambling, analysts began predicting how profitable the market would become. New reports indicate that it will grow to become the third-largest casino market in the world. Some even claim it will generate $25 billion annually.

Unsurprisingly, a huge number of major US casino operators are attempting to break into this market. MGM Resorts International, Wynn Resorts, and Las Vegas Sands have all expressed a desire to break into Japan.

Interestingly, Caesars Entertainment claims that it’s no longer interested in entering Japan. The company is set to merge with Eldorado Resorts. It seems highly unlikely that a move into Japan is even possible for Caesars right now.

Officials are still waiting to choose which three companies will be granted a casino license here. Based on what’s being said, both MGM Resorts International and Las Vegas Sands seem the most likely.

We’ll need to wait and see how much the Las Vegas casino model influences Japan. Make sure to stay tuned for more updates over the next few weeks!

What’s Happening in Vegas? December 22-28

There’s always something exciting happening in Las Vegas. More entertainment options are available in this city than anywhere else in the world. Here’s a quick look at what happens in Las Vegas over the next few days.

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Here’s a look at what’s happening in Las Vegas over the next few days:

Monday: December 23rd

Golden Knights vs. Colorado Avalanche

On Monday at 7 pm, the Las Vegas Golden Knights will take on the Colorado Avalanche in an important game for both team’s futures. Each is working hard to climb into the first-place spot in their divisions. Even the best NHL betting experts are having a difficult time predicting who will come out on top.

The game takes place inside the famous T-Mobile Arena, located near the New York New York Hotel-Casino. Tickets are still available, starting at around $65.

Friday: December 27th

Babyface

Kenneth Brian Edmonds, or Babyface, is one of the most iconic musicians in R&B. Even at 60 years old, he draws in a huge number of fans to his shows from around the world. On Friday, Babyface is performing at the MGM Grand Hotel & Casino.

He’s made over 26 number-one hits during his incredible career. Fans of his slow, soulful style buy tickets to his shows time and time again. Those in Las Vegas this week can still check out his Friday show with tickets costing $45.

Journey

Want something with a little more energy? Consider checking out Journey this Friday inside the Colosseum at Caesars Palace. Journey is considered one of the greatest rock bands of all time with hit singles such as “Don’t Stop Believin” and “Separate Ways.” They’ve been performing for decades yet show no signs of slowing down.

This may be the perfect time to see the legendary band. Most believe their touring schedule will soon come to a permanent end. Tickets are still available with prices starting at $140.

Saturday: December 28th

Jay Leno

Nowadays, Jay Leno is known primarily for hosting his popular late-night talk show. What many people aren’t aware of is that he was one of the country’s top stand-up comics before breaking into the TV industry. On Saturday, Leno is set to perform his new comedy act inside The Mirage.

Leno is out to remind people that he remains a world-class comic. That’s exciting news for comedy fans around the country. Ticket prices for his show on Saturday are starting at $88.

We’re approaching the coldest time of the year for Las Vegas. Visitors here can enjoy watching some incredible shows or gambling inside the many casinos. If you haven’t booked your hotel room yet, feel free to check out our Las Vegas Hotel guide.

Enjoy your stay!