Fitch also highlights the city\u2019s status as a booming sports destination as a potential driver of increased visitation, which would clearly benefit casino operators.<\/strong><\/p>\n\u201cGrowth in professional sports has broadened the strong base of entertainment options in Las Vegas. The Raiders NFL franchise and related Allegiant Stadium have supported visitation, and will likely attract other major sporting events\/franchises to the market. Formula 1 added Las Vegas to its circuit for 2023, and high-profile events like the Super Bowl and NCAA March Madness are also scheduled in the medium term,\u201d concludes the research firm.<\/p>\n","protected":false},"excerpt":{"rendered":"
Led by Las Vegas, the US casino industry is on a record-shattering pace of revenue generation this year. But Sin City gaming revenue could retreat in 2023. Citing the possibility of a broader economic retrenchment, Fitch Ratings says Sin City gaming revenue will decline 10% next year. That’s before low single-digit percentage growth in 2024. […]<\/p>\n","protected":false},"author":46,"featured_media":226294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[81897,23],"acf":[],"yoast_head":"\n
Las Vegas Gaming Revenue Likely To Fall In 2023, Rebound In 2024<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n