Nevada casinos, particularly those in Las Vegas have always been the bellwether of the gambling industry. If Nevada is doing well, it’s likely that the rest of the business is doing well, too. If Nevada casinos are struggling, like they were in 2008, it’s likely that casinos all over the world are hurting, too.
That’s why a recent announcement from Nevada Governor Steve Sisolak boosting Nevada casino occupancy from 25 percent to 35 percent is something of a big deal. Even better, officials in Nevada are hoping to have all of their casinos back to 50 percent capacity by the March 15.
Sisolak is hoping the the increased casino capacity will help convince travelers, particularly business travelers that Nevada is open for business. His dream will get a pretty big test when the World of Concrete, a construction industry trade show, heads to Vegas in June. It’s the first big convention in the city since early 2020.
He expounded on the idea in a recent speech that was well-received by casino industry insiders. In a statement to the Las Vegas Review-Journal, Nehme Abouzeid, president and founder of hospitality consulting group LaunchVegas LLC praised the speech saying, “This was a ‘light at the end of the tunnel’ address.I think it would have been politically unpopular if he had just extended the pause for another month, especially as numbers are going down, vaccine rollout has begun, and a more COVID-focused administration is in Washington.”
But others in the hospitality industry weren’t quite as impressed. At least one observer pointed out that 50 percent capacity was still pretty debilitating and that baby steps just wouldn’t cut it on the road to recovery.
Tags: Nevada, US gambling news
สล็อต คาสิโน ออนไลน์
คาสิโน ฟรีเครดิต 2020
เกม คาสิโน ปอยเปต…
Rosie’s Gaming Emporium opened doors on January 8. It is a 19,000-square-foot gaming center with 95 video slots, located in the Triangle Shopping Center in Dumfries. Colonial Downs, the property’s owner, now proposes another building, which is a massive $389 million casino resort on the grounds of Potomac Landfill, a debris junkyard on the edge of town.
The future facility would be called “The Rose” and would be the first in Virginia with this size, providing such gaming options.
According to the plan for “The Rose”, the facility will consist of 50,000 square feet of gaming space, a 250-seat sports bar, as well as other bars and restaurants, 200 hotel rooms, a theater with 1,500 seats and 7,000 square feet of meeting space.
Colonial Downs, which owns Rosie’s and operates a racetrack in New Kent County near Richmond, as well as four other Rosie’s emporiums across the state, will pitch its idea today during a 7 a.m. Dumfries Town Council meeting.
The new facility is hoped to bring a lot of profit to the town. It is expected to create 640 jobs that pay $15 an hour wage. 96 managers will be hired to work at The Rose and they will make an average of $70,000 a year.
According to Colonial Downs, the new casino would generate $11.3 million a year in new tax revenue for Prince William County and nearly $80,000 a year for Dumfries.
If the pitch is accepted, construction of the new casino will start in August this year, which means that Potomac Landfill will be closed 11 years earlier than planned.
The casino will take 22 acres of the property with 79 acres remaining that will be converted into a park with sports fields, trails and open space.
The town documents stated that the park would open in December 2022 and the casino would open only a month later. This is if everything goes according to plan.
The Potomac Landfill
The town agreed with the landfill in 2016 to close the facility. The closing date was set for 2032. At that time, the town planned on turning the site into a public park.
The problem for the landfill started in 2011 when the neighbors and drivers on the Interstate 95 complained of sulfur smell. It was permeated the surrounding area so the facility needed to shut down.
Rosie’s Gaming Emporium is the first gaming facility to open its doors in Northern Virginia. Since its opening, more than 21,000 people have visited the gaming parlor in the shopping center.
The property has donated more than $75,000 to charity since it started operating and has created 100 jobs for the locals. Its establishment was made possible by the legalization of gambling in Dumfries in November 2019.
A citywide referendum passed with more than 60% of the vote, following an extensive advertising campaign by Colonial Downs.
Source: “Resort casino proposed to open in Dumfries in January 2023”, Potomac Local, January 15, 2021
We recap some stories you may have missed including a huge PKO event and how much of himself is Landon Tice playing for?
KidPoker vs the Poker Brat?
We hinted at it last week and now it seems confirmed that Daniel Negreanu and Phil Hellmuth will play heads-up.
Given both men are traditionally live players it seems inevitable that it will be face to face and streamed on PokerGO.
The early betting markets have suggested Hellmuth is the favourite, which seems ludicrous given how much Negreanu improved in his heads-up challenge against Doug Polk.
Happy to play anyone on @PokerGo App’s “High Stakes Duel.” Looks like they are bringing me the GREAT Daniel Negreanu @RealKidPoker, the guy that studied heads up for months w coaches I respect, so be it. It will be a great challenge for me! Hoping I don’t look like THIS photo!! pic.twitter.com/EpE1BqRMWP
— phil_hellmuth (@phil_hellmuth) February 13, 2021
Tice has skin in the game
The other big heads-up match in the works is Landon Tice vs Bill Perkins, and it has been the subject of a lot of debate this last week.
Namely, how much does the poker wunderkind Landon Tice have invested in himself? Rumours circulated that he is playing for just 10% of himself in this challenge where he is already paying Bill Perkins $720,000 to play.
Tice confirmed that he has sold a lot of action for this event but while his percentage is low, it still means he has a lot of his net worth on the line:
Let me make something clear that I’m sure everyone cares about regarding my challenge with @bp22 I’m selling a lot of action for it. A lot.I’m not rolled to battle at nosebleeds. However, I am putting a very large amount of my relative net worth on myself winning it.
— Landon (@LandonTice) February 11, 2021
MicroMillions the biggest PKO ever?
The MicroMillions Main Event was a PKO for the first time in its history and it (probably) automatically became the biggest field ever for a progressive knockout tournament.
49,487 entries for the $22 Main Event, which was not quite enough to hit the $1 million guarantee.
It did lead to one player bagging almost $60,000 for their troubles including $18,651.13 in bounties alone:
The final table
Table stakes only
OK, so this week’s meme classic from Reddit beats all those ‘toilet roll poker home game’ jokes from last year:
When Polaks Play Poker from r/poker
Will we see Hellmuth vs Negreanu heads-up? Let us know in the comments:
Barry Carter is the editor of PokerStrategy.com and the co-author of The Mental Game of Poker 1 & 2, Poker Satellite Strategy and PKO Poker Strategy
Pearl Legend: Hold and Win is a new release which is coming from iSoftBet, a slot machine with a Chinese concentration and utilizing a lot of the designs that are normal for their games. Some of the features included will be familiar to you, as the Hold and Win a part of the title suggests there are a few things which are unique also.You are playing on 5×3 reels with 20 paylines being used each round. Pearl Legend: Hold and Win can deliver top wins of 1,250x the stake but its standard mixes offer maximum of 500x. It has a 96% RTP, while for its huge features there will be Wilds, Pearl scatters, the Pearl Legend Respins, Reel Boosters and regular game modifiers.Betting and Prizes 20 coins are being used and you simply pick their value, in a range of $0.01 to $1. The wagering range coming from this will go from $0.20 to $20.Wins of up to 1,250x the stake can be paid during Respins, which implies that you could leave with $25,000 cash, by utilizing the most extreme wager of $20. Standard wins of up to 500x the stake per spin are delivered during gameplay, utilizing mixes made out of Gold Dragons.A 96% RTP reveals to us that the amount getting back into the pockets of its players is about the same in other slot games.Pearl Legend: Hold and Win Slot Features Anytime you see the Yin Yang image on the reels, it will be joined by the Wild logo, so it will be the substitute which you can use to place along with standard images and get new wins. You can’t have it do likewise for the scatter but that is a standard limitation.There are a few game modifiers which you may use during paid spins. Red Gems will give you 3 to 5 wilds on the reels. Blue Gems will change images into Pearl scatters. There is likewise a Dragon sculpture, which will change Royals to high value images.The Pearls are your scatters and landing at least 5 out of a single spin will take you to the Pearl Legend Respins reward. Both the setting off Pearls and any new ones that go along, will get sticky on the reels. You start with 3 respins but you reset the number on the off chance that you get extra Pearls before the rounds are totally consumed.Pearls may appear during Respins and they can bring certain Boosters, given that you get three that match.Blue Gems: will open up to three extra rows (Reels Boosted).Green Gems: give the Pearl prizes a boost (Values Boosted).Red Gems: gives you 1 extra respin (Spins+ Boosted).Purple Gems: the multiplier goes up as high as 10x (Multiplier Boosted).Theme and Design As far as Chinese themes go, the one from Pearl Legend looks standard. The six images we see are basic in such games, as we’re taking a look at Yin Yang signs for the wilds, a Pearl as scatter alongside premium images with the Dragon, Phoenix Bird, 3 Gold Coins, Frog. The other four base paying images are the ones showing Royals. With everything taken into account, it’s a standard look for such slots. The activity seems, by all accounts, to be put placed in a temple, where we see on the left side a living Dragon holding a pearl in its claws.ConclusionPearl Legend: Hold and Win is definitely not a terrible slot machine, especially as they changed a few things about its major feature, they didn’t just clone the same reward game that every other person is using lately.
คาสิโน ออนไลน์ ได้เงินจริงฟรีเครดิต…
Intelitics, the leading performance marketing and analytics platform provider, has been granted a licence by the Colorado Division of Gaming allowing it to work with licensed sportsbook operators in the state for the first time.Intelitics already holds licences in New Jersey and Pennsylvania, with Colorado the third with more to follow in the coming months.Intelitics provides online sportsbook and casino operators with a single platform that allows them to track, analyze and grow all acquisition partnerships and campaigns across web and mobile through access to real-time data which in turn allows them to unlock hidden revenue and boost ROI.Intelitics’ real-time data hub keeps media buyers, analysts and executives on the same page about spend and results. Operators can use one set of metrics to “slice and dice” media performance to discover what activity is delivering the best results.Powerful, streamlined reports provide full visibility into cross-channel interaction and the customer journey. A holistic view of costs v player value means operators can easily determine the most valuable media sources which improves revenue allocation modelling and inform media investment.CasinoAffiliatePrograms, the premier standalone iGaming specific Ad Network, which is powered and run by the Intelitics team, has delivered more than $70m in net game revenue through 150,000+ new depositing customers.Armed with its Colorado licence, Intelitics is now looking to work with licensed online sportsbook operators in the state in order to help them unlock the greatest value from their marketing activity.Allan Stone, CEO at Intelitics, said: “We are delighted to have secured a licence from the Colorado Division of Gaming allowing us to work with licensed sportsbook operators in the state for the very first time.”“As legal online sports betting continues to roll out across the US, there is a tremendous first mover advantage to be had but operators must ensure they are acquiring players at the right cost and through channels that deliver true value.”“Our cutting-edge platform provides the real-time data, insight and reporting that operators need to do just that across all of the channels they use to market to players. We look forward to working with sportsbooks licensed in the state of Colorado.”
The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.
09: 1116 Onolin Bovida Sportsbook ไม่น่าจะใช้เงินเดิมพันมากที่สุดโดยคาดหวังว่านักเล่นเกมจะขัดขวางการแข่งขัน Super Bowl LV ระหว่าง Kansas Mayor และ Tampa Bay Buccaneers หลังจากเว็บไซต์พบว่าเกมเมอร์เป็นส่วนหนึ่งของกลุ่ม Yuri Andrade วัย 31 ปีในฟลอริดา ที่ขัดจังหวะการแข่งขันชั่วครู่ด้วยการวิ่งกลับมาในเสื้อเชิ้ตสีชมพูและกางเกงขาสั้นสีดำประกาศต่อสาธารณะที่ Florida State Radio คำสั่ง 94.1 ระบุว่าเขาเป็นส่วนหนึ่งของทีมที่เดิมพัน 50,000 ดอลลาร์กับนักเล่นเกมที่จะปรากฏตัว Andrade บอกผู้ชมในรายการว่าทีมของเขาวางเดิมพันที่ +750 ซึ่งจะทำให้ได้รับการจ่ายเงินที่สูงขึ้น อย่างไรก็ตาม Bovada ซึ่งเป็นเว็บไซต์เดิมพันสีเทาที่ให้บริการหลายรัฐในสหรัฐอเมริกาได้เรียนรู้อย่างรวดเร็วเกี่ยวกับการเข้ามาของ Andrade ไซต์รับทราบ “กิจกรรมที่น่าสงสัย” ในสายการสนับสนุนนี้แล้วซึ่งมีแนวโน้มว่าจะมีมูลค่ามากกว่า 50,000 ดอลลาร์ ด้วยเหตุนี้ Bovida ได้ประกาศแล้วว่าจะคืนเงินเดิมพันทั้งหมด “ไม่” ในขณะที่การเดิมพันตามกฎหมายกับการเดิมพันที่เกิดขึ้นก่อนที่จะมีการเสนออย่างเป็นทางการ ตอนนี้ไม่น่าจะถูกใจมหาชนสำหรับบุพเพสันนิวาส ไซต์เต็มใจที่จะยอมรับผลกระทบทางการเงินในระดับปานกลาง Bovada Broadcasting Network ครองการเดิมพันกีฬาของสหรัฐอเมริกาทั่วโลกทั้งในด้านการถ่ายทอดสดและสิ่งพิมพ์ออนไลน์และด้วยเหตุนี้เว็บไซต์จึงยังคงอยู่ภายใต้แรงกดดันอย่างมากจากตลาดที่ได้รับอนุญาตและถูกกฎหมายในสหรัฐอเมริกาที่กำลังเติบโต อย่างน้อยที่สุดเหตุการณ์นี้มีแนวโน้มที่จะกระตุ้นให้ Bovada พิจารณาข้อเสนอการเดิมพันประเภทนี้อีกครั้งซึ่งมีโอกาสที่จะขัดขวางการแข่งขันกีฬาที่สำคัญ “ผู้เล่นของเราไว้วางใจเราเสมอมาเพื่อรับรองความถูกต้องของหอกทั้งหมดที่ให้ไว้ในหนังสือกีฬาของเรา” Bovada กล่าว “เราจะดำเนินการต่อไปเพื่อให้แน่ใจว่าจะไม่มีความสับสนหรือพฤติกรรมที่ไม่ดีของสาธารณชน” นี่ไม่ใช่ครั้งแรกที่การพนัน กลายเป็นเกมออนไลน์เกือบ 20 ปีที่แล้วเว็บไซต์คาสิโนออนไลน์ GoldenPalace.com สามารถมีอิทธิพลต่อผลลัพธ์ของการเดิมพันของผู้เล่นได้มีการลงทุนต่อสาธารณชนในกิจกรรมต่างๆมากมายรวมถึงการสนับสนุนรอยสักของ Mark Roberts ในงานต่างๆรวมถึง Super Bowl XXXVIII ในปี 2547 เป็นเพียงส่วนเล็ก ๆ ของแคมเปญการตลาดที่แปลกประหลาดของไซต์นี้ทวีต +0
ts911 คาสิโน ออนไลน์…
When it was all over, Donovan Mitchell sprinted at Jordan Clarkson, a pair of water bottles in his hand, and doused the Utah Jazz’s sixth man.
That was as close as anyone came to cooling down Clarkson on Monday night at Vivint Arena.
The Jazz guard torched the nets, scoring 40 points to help his team beat the Philadelphia 76ers 134-123.
The Sixers were the best team in the East as of Monday night, but they couldn’t handle the West’s best, as the Jazz (23-5) reeled off their eighth win in a row.
“The biggest thing for me is them believing in me,” Clarkson said. “Letting me be myself and embracing me just plays a role in who I am. That gives me confidence. Those guys always come over to the bench and tell me to keep shooting, even when I’m having an off night, even when I’m hot. They’re telling me to shoot the ball no matter what.”
CAN’T COOL HIM OFF!#TakeNote pic.twitter.com/Y1IQYm6Pzy
— utahjazz (@utahjazz) February 16, 2021
Donovan Mitchell had 24 points. Joe Ingles scored 20. And three Jazzmen finished with 11 points.
Philly’s Ben Simmons had 42 points, 12 rebounds and nine assists in the loss.
Even with All-Star center Joel Embiid getting a late scratch because of a back issue, the Sixers jumped out to an early lead in Salt Lake City. Philly led 24-10 midway through the opening quarter.
Behind 19 points and five assists from Simmons, the Sixers shot 72.7 percent from the field and scored 22 points in the paint in the period.
“At the beginning of the game, he had too much space in transition,” Jazz head coach Quin Snyder said. “Tonight he attacked the rim early. He felt the game. We had to get back and show him more of a crowd and make it harder for him to see a drive, to deter him.”
The hot hands of Clarkson and Georges Niang kept Utah within arm’s reach. Clarkson went 4-for-5 from deep in the first quarter while Niang went 2-for-2.
“When Jordan came in with the performance he had, we’ve seen that obviously before—but that was another level,” Snyder said. “I thought he kept us in the game.”
The Jazz kept clawing their way back. And when Bogdanovic converted a wild and-one bucket midway through the second, the Jazz had their first lead, a 57-55 advantage.
Despite shooting just 2-for-11 from deep in the second, the Jazz took a 72-66 lead into the locker room at halftime. Clarkson had 19 at the break.
The Jazz’s sixth man stayed hot in the second half. His 13 points in the third helped the Jazz build their first double-digit lead and take a 106-94 advantage into the final quarter.
“He’s not bashful and we don’t want him to be,” Snyder said of Clarkson.
Simmons kept the Sixers close, leading an 10-0 charge in the opening minutes of the fourth.
But Clarkson and the Jazz would not be deterred en route to their 19th win in the last 20 games, answering with big play after big play.
Clarkson scored eight more points in the fourth, finishing just two points shy of his career high.
Royce O’Neale crashed into the scorer’s table during a defensive stand and then sank two clutch 3-pointers. Rudy Gobert denied Dwight Howard at the rim on one end and then rocked his own rim on the other.
“Philly played great,” Snyder said. “It took us making some big plays at the end of the game.”
8 made threes ties a career high for JC #PerformanceLeader | @UofUHealth pic.twitter.com/fYlVA3EClj
— utahjazz (@utahjazz) February 16, 2021
| JC is the first player to score 40 points off the bench in under 30 minutes since it was done in 1991 (h/t @statmuse) #NBAAllStar | @jordanclarksons pic.twitter.com/46XZUfx0ob
— utahjazz (@utahjazz) February 16, 2021
The Jazz will hit the road for a pair of games against the L.A. Clippers. Tipoff is set for Wednesday at 8 p.m.
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Договорот дава употреба на имиџ на борец на веб-страницата Бетмоушн и социјалните мрежи, покрај промоции и наградни игри, како што се предмети со автограм. Интертопс слави 25 години од првото коцкање преку Интернет Пресвртница во историјата на коцкање и е-трговија се случи пред 25 години овој месец кога Интертеопс стана првата компанија што некогаш прифатила обложување преку Интернет. Сосема новата веб-страница на операторот со седиште во Австрија работеше со облог од 50 долари, поставен од фински обложувач, на Тотенхем Хотспур за да го победи Херефорд Јунајтед во рамки на четвртото коло од ФА Купот на 17 јануари , 1996 година. Со коефициент од само 1,04, рушењето на своите противници од пониската лига од страна на Премиер лигата 5-1 значеше дека обложувачот профитираше за само 2 УСД, но тоа беше ден за промена на играта за обложувалницата, која до тој ден беше ограничено на лични и телефонски расправии. Тој облог од 50 американски долари беше првиот од милијардите пласирани во меѓусебниот четвртина век, за тоа време Интертепопс остана во првите редови на обложувалниците преку Интернет. Во 2000 година, операторот, реагирајќи на растечкиот потенцијал на мобилните телефони, ја пушти во продажба првата мобилна обложувалница, а две години подоцна воведе обложување во живо.
Posted on: February 15, 2021, 01:56h.
Last updated on: February 15, 2021, 03:14h.
Casino executives and gaming industry leaders continue to forecast a strong recovery, primarily due to pent-up demand.
D Casino owner Derek Stevens, seen here last fall inside his new property Circa, is bullish on the gaming industry’s post-coronavirus recovery. The downtown Las Vegas visionary expects pent-up demand to generate a new “roaring twenties.” (Image: Las Vegas Review-Journal)The frequent talking points from gaming industry brass recently target a new “Roaring Twenties.” Wynn Resorts CEO Matt Maddox was first to link the current decade to the 1920s when the US experienced economic prosperity and ushered in a new culture highlighted by modernity and the changing role of women.“I think it will be similar to the Roaring Twenties after the pandemic of 1918 and 1919,” Maddox said of the US gaming industry’s post-COVID-19 outlook.Downtown Las Vegas casino magnate Derek Stevens issued a similar sentiment last Friday.A lot of people have said it’s going to be like the Roaring Twenties,” the Circa owner told KTNV. “Well, it may be, because I think there is so much demand to be able to get back out of the house and have a little bit of fun.”The Roaring Twenties were unfortunately followed by the Wall Street Crash of 1929 and the Great Depression. But that isn’t stopping casino heads from believing that the gaming industry is poised to enter its own roaring period in the 2020s.Industry Bets on Roaring 2020sMaddox and Stevens aren’t alone in believing that travel and hospitality will flourish once Americans feel safe. The notion is backed outside of Las Vegas, too.In Atlantic City, Steve Callender, Caesars Entertainment’s top executive in town who chairs the Casino Association of New Jersey, said he’s “guardedly optimistic.”It’s going to take a couple months for the vaccine to be widely distributed. But there is incredible pent-up demand,” Callender told the AP. Bob McDevitt, Atlantic City’s top casino union rep, said the “pent-up demand is going to be explosive.”Mohegan Gaming and Entertainment, in a filing with the SEC, said its business “has been optimized to benefit from … significant pent-up demand for leisure consumption in the months and years ahead.”Bill Miller, president of the American Gaming Association, expressed his confidence in a 2021 recovery.There’s huge pent-up demand for gaming,” Miller said. “I’m upbeat about the second half of the year in particular. As vaccines roll out, people will be excited to travel, hungry for entertainment, and desperate to get out and have fun again.”Research suggests there’s pent-up demand not just for fun, but also for non-remote business. A recent study commissioned by the Las Vegas Convention and Visitors Authority found that 91 percent of former convention-goers miss in-person events.Casino Expansion ContinuesLast year was unlike any year prior for the US gaming industry. And casino companies are betting it will be unlike any in the near future, too.Despite the industry’s struggles over the past 12 months, casinos are continuing to invest in new markets. States that recently legalized commercial gambling include Illinois, Virginia, and Nebraska.New casinos also continue to come to Pennsylvania, which has surpassed New Jersey to become the second-richest gaming state in terms of revenue, behind only Nevada. Live! Philadelphia, a $700 million integrated casino resort, opened this month.
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