News

Josh Swissman Quoted on Las Vegas Review-Journal

Did Formula 1 or Super Bowl provide a bigger boost to Las Vegas?

Which provided the better economic bump to Las Vegas: the Formula One Las Vegas Grand Prix or Super Bowl 58?

It isn’t an easy analysis to make, considering economic impact numbers haven’t been fully calculated.

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Josh Swissman Quoted on Las Vegas Review-Journal

Super Bowl wagering surges without competition from California

We should know later this week just how much people bet on Super Bowl 58.

Most analysts were convinced going in that a record handle would be achieved for the Super Bowl, the first time the NFL’s championship game was played in Las Vegas.

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Josh Swissman Quoted on CDC Gaming Reports

Super Bowl thrusts Las Vegas into global spotlight

Coming off record gaming revenue for December and 2023 and the Formula 1 race in November, the Super Bowl is thrusting Las Vegas once again into the international spotlight. More records are expected to fall, including the betting handle on the game between the Kansas City Chiefs and San Francisco 49ers. The game is certain to enhance Las Vegas’ growing reputation as a sports destination.

The February gaming-revenue record of $1.23 billion set last year will probably be breached, as will the Super Bowl record handle of $179.8 million reached in February 2022 when the Cincinnati Bengals played the Los Angeles Rams.

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Josh Swissman Quoted on Las Vegas Review-Journal

Las Vegas’ Super Bowl will be an entertainment extravaganza

Super Bowl 58 — the first to be held in Las Vegas — is more than just a championship football game.

It will be an entertainment extravaganza, a centerpiece for championing public service, an opportunity for businesses to make money — and finally a game between the Kansas City Chiefs and the San Francisco 49ers that will attract millions worldwide.

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Josh Swissman Quoted on Las Vegas Review-Journal

2023 may have been best year ever for Las Vegas gaming, tourism

It’s hard to argue against the position that Las Vegas had its most successful year in its history in 2023.

And what do you do after one successful run? Come back for more.

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Josh Swissman Quoted on iGB

Fontainebleau Las Vegas opening highlights growing trend of luxury visitors

The opening of the $3.8 billion Fontainebleau Las Vegas casino resort this week feeds the narrative that the Strip is becoming more of a destination for wealthier visitors. While previously known as a marketplace once relished by tourists for its inexpensive rooms and cheap buffets, that’s now changing.

November’s inaugural Formula One race on the Strip attracted international jet setters and affluent households. This is now what is expected and desired by Las Vegas’ luxury resorts like the Wynn, Bellagio, The Cosmopolitan and others.

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Josh Swissman Quoted on CDC Gaming Reports

Fontainebleau Las Vegas opens, catering to the luxury market

The Strip welcomed the $3.7 billion Fontainebleau Las Vegas, its newest luxury brand, Wednesday.

With much pomp and fanfare and Justin Timberlake scheduled to perform, the Fontainebleau celebrated Las Vegas’s comeback story of the century. Shortly after the 67-story resort was topped off in 2008, Fontainebleau became a victim of the Great Recession, then a bankruptcy in 2009. It came full circle back to its original owners, Fontainebleau Development, the group behind the historic Fontainebleau Miami Beach. After a morning ceremony, it was scheduled to open to the public by midnight Wednesday.

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Josh Swissman Quoted on GGB News

Durango Casino & Resort Hosts Grand Opening

At 10 a.m. local time December 5, the $780 million Durango Casino & Resort opened its doors for the first time after 19 months of planning and development.

The off-Strip resort, located along the I-215 Beltway, will cater primarily to the locals market, as is usually the case for properties operated by parent company Red Rock Resorts. The company has vowed to double its Las Vegas portfolio by 2030, with Durango being a key piece of that plan.

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Josh Swissman Quoted on CDC Gaming

Newest Las Vegas locals’ property Durango Casino & Resort opens Tuesday morning

Red Rock Resorts on Monday unveiled its $780 million Durango Casino & Resort that serves local residents in the southwest Las Vegas valley and regional guests looking to stay off the Strip as part of its aggressive strategy of expansion into Las Vegas neighborhoods.

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Josh Swissman Quoted on Sports Business Journal

F1 delivers on Las Vegas expectations after issues in lead-up to race

The Las Vegas Grand Prix delivered “one of the most spirited events of the season” as it was “critical for F1 to deliver a good race Saturday,” according to Jenn Fryer of the AP. F1’s third stop in the U.S. had been “lambasted” for its “emphasis on becoming a neon extravaganza.” Tickets were “expensive, hotels along the famed Strip hiked their prices” and the sporting element was “overshadowed by everything from celebrities, musical acts and a myriad of Elvis impersonators roaming the paddock.”

Click Here to read the full article on Sports Business Journal.