Caesars Entertainment is set to invest $1 billion in Las Vegas, aiming to enhance its properties and boost tourism. The significant investment underscores confidence in the city’s hospitality sector.
Browsing: gaming industry
Las Vegas transformed from a desert outpost to a global gambling hub thanks to legalizing betting in 1931, the rise of casinos in the 1940s, and the boom of lavish resorts, shaping its iconic status today.
The Las Vegas Strip remains the undisputed leader in US casino gambling, drawing millions of visitors annually and generating record revenues despite growing competition from other gambling hubs, the Las Vegas Review-Journal reports.
Wynn Las Vegas has been fined a record amount for operating an unlicensed money transmitting business, marking a significant regulatory action in the gaming industry, reports Asia Gaming Brief.