Nevada: long road but industry ready to satisfy pent-up demand

Nevada: long road but industry ready to satisfy pent-up demand

Sep 01, 2020

Article

Co-author, G3, September 1, 2020

As 2019 turned to 2020, gaming in Nevada was on a roll. From the depths of the Great Recession, the Silver State was back in business and riding high.
Construction cranes dotted the famous Las Vegas Strip skyline, signifying a building boom that included the new Resorts World Las Vegas, developed by the Genting Group, the Drew Las Vegas. Just off the Las Vegas Strip, massive projects have progressed, including the expansion of the Las Vegas Convention Centre and the construction of a new, state-of-the-art multiuse stadium that will soon be home to the Las Vegas Raiders NFL team.

Even downtown Las Vegas experienced significant investments with the rise of Circa Resort & Casino, the first new resort to be built on downtown Las Vegas’ famed Fremont Street since the 1980s, and an expansion of the Downtown Grand Hotel & Casino. This new investment in the gaming and convention industry was bolstered by the 2019 gaming and tourism numbers that revealed record growth in both the number of visitors to Las Vegas and the gaming revenue realised by Nevada’s casinos.

By any measure, Nevada was back and poised to see even bigger numbers in 2020. And then, suddenly, the Covid-19 pandemic struck, and everything changed.

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