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Over $1B Additional Cost, New Space In Downtown Las Vegas, New Casino In 20 Years

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Nevada is at the center of the land gambling world through record earnings, reinvestment, and expansion. That's not to say that Macau will never lead the world again in casino revenue. 온라인경마

But with the government-led style clash already gaining steam from previous revenue weights, the former Portuguese enclave recently delivered its worst July profit in history, down 95% to $49.2 million on the island due to another COVID outbreak and government response.

Nevada, on the other hand, recorded its fourth-highest monthly turnover ever in July with $1.31 billion, and this month produced the second-highest month in strip casino history. That strong July gave Nevada more than $1 billion in revenue for the 17th straight month.

In July, it set a record high of $1.35 billion for the month. This year's figure is down more than 3% from the record, but is still nearly 30% higher than in July 2019, before the global health emergency.

Michael Lawton, senior economic analyst at the Game Management Board, told Forbes. “We've fallen this month, but we don't see any softening. It's down slightly from an all-time high.

“This standard was set really high last July. We didn't make it, but we still had the fourth-highest total in the whole state, and the second-highest total in The Strip

New 35ksqft Meeting and Convention Space Downtown
Derek Stevens and his brother Greg Stevens almost exclusively activated gambling and other entertainment experiences in downtown Las Vegas, starting with purchasing and repairing Fitzgerald's, and winning a majority stake in Golden Nugget, now just across the side road known as The D.

In October 2020, after nearly half a year of renovation and new construction, Derek Stevens opened Circa, a newly constructed casino town in 40 years. This week, he announced that the property's 35,000-square-foot new conference and event space was opened.

A new conference, convention, wedding reception, and unique event space were held on Tuesday, August 30.

“Since our opening, we've been working tirelessly to meet the next phase of this growth and provide an amazing experience for meeting planners and attendees,” Stevens told Travel Weekly earlier this year. “Our core is that we love hosting great events, and we've taken every detail into account to help you do so on any scale against the backdrop of the resort,” Stevens said.

In Tuesday's press release, he further delivered the following message. “As the post-pandemic conference and event industry continues to grow, we are excited to introduce our amazing facilities in downtown Las Vegas. It has always been our intention to add this to Circa's repertoire, and we look forward to starting our first series event in September.”

Circa's meeting space provides top-level, turnkey audio and visual features for each group and custom rooms for up to 1,000 guests. Featuring a ballroom, breakout and banquet room, an adjoining pre-event space, and a 1,600-square-foot outdoor terrace, the space was installed to complement Circa's mid-century, ardeco and modern design motifs.

Discover unique environmental elements such as LED lighting and intelligently controlled adaptive HVAC systems. Additional technologies include 16KLU laser projectors, audio tie lines, LED screens, patchable Ethernet lines, quad outlets, foldable screens, and single-mode, patchable fiber optic in pairs with LC connectors.

Cars and other large equipment will have no problem getting to the third floor, which will be displayed in a state-of-the-art environment, thanks to large cargo elevators, and there is a dedicated kitchen in the convention area.

Reno Opens New Casino
It has been more than 20 years since a newly built casino opened in Northern Nevada's Reno-Sparks community. Perhaps you have seen the sign of Reno, the world's smallest city. For several years, the region has declined numerically rather than actually developing without recovering from the 2008 economic downturn. Now that Lee Know is back, don't think about it!

The Legends Bay casino at The Outlets at Legends in Sparks opened in a grand opening Tuesday. Some of the state's top elected officials attended with game executives, politicians and guests from across the state.

“It's a bit old, but we're thrilled to be here and share this project with the community,” Olympia Gaming CEO Gary Gott told the Reno Gazette Journal on Tuesday

SOURCE: Las Vegas: Circus Resorts & Casinos Opens YogoNet, New 35,000-Square Foot Conference & Convention Space, September 1, 2022

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