#FeatureByNZGamblingCommission Las Vegas, often jokingly called the Disneyland for adults, among many other things, is undoubtedly a top US tourist destination. In the 1950s, it morphed from a dreary desert town to America’s number one gambling hub and later the world’s premium gaming destination. Before the COVID-19 pandemic hit, around forty-two million people visited Las Vegas casinos annually. With many arriving to get a taste of the varied shows the City of Lights provides, the world-class dining, and take in its magnificent sights.
Yes, the number of attractions here is vast and diverse. While gambling is an essential part of the Vegas experience, the city has also grown beyond it, offering other forms of entertainment that, as a whole, likely overshadow the allure of the thousands of games of chance hosted in this 141.84 square mile area. Naturally, platforms have also played their part in lowering the need for people to visit this Mojave Desert spot to chase chance-based riches.
Pre-pandemic, Las Vegas’ yearly revenue peak was an impressive $12.8 billion, notched in 2007. Though, it is worth noting that, then and now, Vegas was and is not the planet’s premier location in this category class.
The former Portuguese colony of Macau in China long overtook Nevada’s most populous region, and the state as a whole, in terms of annual revenues. In 2019, Macau generated more than $29 billion in gaming cash, almost half of what USA online casino sites pulled in that same year.
Below, we get into the current financial state of Las Vegas and how have real-money casino sites impacted America’s favorite gaming stopping place’s bottom line.
How is Vegas Recovering from the Pandemic?
In 2020, Las Vegas casinos experienced an unprecedented shock as Nevada’s government forced them to close their doors for seventy-eight days from May to June of that year. Of course, this was to reduce COVID-19 spread among the state’s population and its tourists. Without argument, this was a trying time that caused many local gaming enthusiasts to turn to online gambling sites, with many sites that feature identical slot machines and table games to those found […]
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