Las Vegas is home to many of the world’s best casino-resorts. It appears this city may soon welcome a brand new gambling property located right next to the airport. Today, we’ll talk about some of the details of this new Las Vegas airport hotel-casino.
Many have been calling for an exciting new gambling property to open new the Las Vegas airport. Those calls have finally been answered.
Here’s what you need to know about this venue.
More Details on the Las Vegas Airport Hotel-Casino are Coming Out
Some of the biggest and best casinos in the world are based in Las Vegas. The Las Vegas Strip, in particular, is where several multi-billion dollar properties are located. That includes famous venues such as The Venetian, Caesars Palace, and The Bellagio.
For years, residents and tourists have been calling for a new hotel-casino to open directly next to the airport. City officials have pushed against these plans. These officials often argue that even the hotel-casinos on the Las Vegas Strip are close to the airport and investing in a new gambling venue directly next to McCarren Airport is unnecessary.
This week, the Clark County Commission voted 6-1 in favor of allowing Dream Las Vegas to open at the airport. This is a 20-story hotel and casino and will be separated by the airport by just a chain-linked fence. This property is expected to cost a staggering $500 million to construct and may open its doors within a few years.
Several questions over security have been raised with this property’s plans. Several government agencies have voiced concern about the danger it poses to McCarren Airport. Despite the concerns, it appears this property is gaining support from the necessary state groups.
If all goes according to plan, groundbreaking will take place on this property by 2022. Stay tuned for more updates on the proposed Las Vegas Airport hotel-casino over the next few months.
Casinos Continue to Experience Shake-Ups in Las Vegas
The Las Vegas casino industry is bigger and better than ever before. Most of the country’s most successful casinos are also currently based in this city. Recently, several of these companies have been involved in major sales and purchases.
Las Vegas Sands has been experiencing some major difficulties over the past two years. Consistent revenue declines from the company’s venues in Macau have made things difficult. Earlier this year, news broke that Las Vegas Sands had agreed to sell The Venetian, one of its most popular gaming venues.
MGM Resorts International has been involved in several major sales in recent years. The includes the sale of The Bellagio and Circus Cirus to Blackstone Group. This multi-billion dollar deal allows MGM to lease back these properties.
Most recently, news broke that MGM Resorts had agreed to acquire The Cosmopolitan. Moving forward, MGM Resorts International will be taking control of this venue’s operations. It has chosen not to buy the real estate, though.
It seems likely that several more property sales will be announced over the next few years. Several companies, including Caesars Entertainment, have expressed interest in buying more properties here. Gambling revenue continues to surge in Las Vegas and now may be the perfect time for companies to break into this market.
Some feel that it’s time for Nevada to begin allowing online casinos to operate. Here’s a quick look at when this change might take place.
Casino Executives Support Move to Legalize Online Casinos in NV
Casino gambling has been an integral part of Nevada’s economy. Over the past few decades, this state has transformed into the world’s premier gambling destination. Land-based casinos have experienced huge growth over the last few years.
Some of the casino companies have expressed concern about the state’s growing interest in legalizing online casino gambling. Doing so, these companies argue, would take away from their revenue figures. Many of the executives within these companies are now beginning to change their stance.
That includes MGM Resorts CEO, Bill Hornbuckle. He spoke to the media recently about the growing push to legalize internet casinos. To many people’s surprise, he voiced support for this move and claims it will help to grow the entire country’s gaming industry in the long run.
“If you look at what the opportunity could be, I look forward to just talking more about all of it,” Hornbuckle said. “It could be significant not only for the state, but for the industry and nationally, and potentially even on a global basis.”
Casino companies seem to be interested in launching their own internet casinos in the state. It will take several steps for any of these platforms to launch. Time will tell how Nevada’s leaders view these measures.
Are you excited to see the new Las Vegas airport hotel-casino gaining approval to open? Will this be a popular venue? Let us know what you think in the comments section below.