Las Vegas Revenue UP 180% year over year
Not only is vegas doing well, but Casinos across the US set record revenue in 2021, the American Gaming Association reported.
iBET ETF Insights: As of last week, Las Vegas has removed mask restrictions. Occupancy was well over 90% during Super Bowl weekend and travel is booming, which should benefit all of the brick and mortar vegas operations. Gross gaming revenue across the US reached $53 billion, breaking the previous industry record of $43.65 billion. “These results are nothing short of remarkable,” said AGA President and CEO Bill Miller. “The success of 2021 reflects our commitment to health and safety and how Americans have welcomed gaming’s expansion across the country. Today’s industry is effectively meeting customers how and where they want to engage — whether at a casino or through mobile gaming.”