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Las Vegas is one of the most iconic cities in the world. Nicknamed Sin City, it is the largest city in Nevada. It is still considered today as the city par excellence in gambling and entertainment. It is here that the casinos have taken their full scale.
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Starting in the early part of the 20th century, gambling activity began to develop and quickly made the city “the gambling capital of the world”. In 2012 Vegas is no longer ahead in terms of crowds and revenues as destinations like Macau or Singapore have surpassed the latter. But for many Vegas will always be Vegas …
Las Vegas Economic Activity
When you think of the city where you will find casinos, women, money, short of vice, Las Vegas is almost an automatism. And yet the city is no longer the leader in the field.
Andy Sanchez, owner of the internet marketing business SEO Las Vegas says “The city attracts an average of some 36 million visitors per year – 2016 has seen an increase in affluence with 70 million visitors – and regardless of the numbers of income or affluence, for most people,the city image of gambling and it has this famous immunity known to many: Everything that happens in Vegas stays in Vegas.”
In last year alone, casinos in the state of Nevada earned over $ 20 billion, marking the fourth consecutive year with an increase in revenue. This increase in revenues is partly due to baccarat high rollers players ($ 11.8 billion bet for a profit of $ 1.6 billion). The year-on-year increase is 2.6% but it is nevertheless that it is 15% below the best year of the casinos of Nevada – 2007 with 12.8 $ billion of profits. Despite this slight change compared to 2012, Nevada has lost money but is on a “promising” track …
Regarding the city of Las Vegas and its land-based casinos, the latter generated $ 8.5 billion over the year 2015. This places the gambling city second behind Macau and its $ 45 billion, but just ahead of Singapore and its $ 6 billion.