When we discuss gaming then we just cannot afford to miss out on popular destination which is none other than Las Vegas. The city which is popularly known as sin city or the city of Lights never sleeps and there is something or the other always up for everyone. Las Vegas houses the world’s most popular casinos and tourists from all over the world visit this city to try their luck. Whether it is on strip or just off the strip one can find the best of casinos offering amazing deals which one might find difficult to resist. Even now Las Vegas continues to lead the global gaming market, outpacing both the U.S. regional gaming markets and Macau.
As per the latest reports on the casino industry by the credit debt watcher Fitch Ratings Inc., has placed the Las Vegas Strip as a “bright spot” in a gloomy global gaming backdrop. Despite the weakness of its baccarat and exposure to Asian gaming Las Vegas overall gaming revenues on the strip was just down by 0.6% year to date. This is a decent indication and it proves that Las Vegas gaming market is least effected by any external factors. Visitors and gamblers keep coming to their favourite casinos and bet on their favourite games come what may.
Alex Bumazhny, Senior Director, U.S. Corporate, said in his report All In: The Global Gaming Handbook.
“The Las Vegas Strip continues to be the blue chip among global gaming markets.”
He further adds
“Without any major new supply coming to the Strip through at least 2019, Strip operators will be able to take advantage of increased convention attendance, airline capacity and domestic gaming to drive RevPAR growth.”
Openings of the $4 billion Resorts World Las Vegas and Crown’s Alon Las Vegas, which according to Fitch will help reinvigorate the Strip and the also end the nine year dry spell since the Cosmopolitan opened in 2010. In its report on the other hand Fitch noted that Macau’s gaming revenues have bottomed after a 44% cumulative decline since it reached peak in mid-2014. It expects that Asia’s premier gaming hub to chalk a single digit growth by next year. Fitch also pointed out that U.S regional gaming markets are becoming more differentiated. Northeast has ramped up and Midwest passed its saturation and low oil prices but a break on the southern markets.
