Gaming industry to prosper in 2005
The U.S. gaming industry is on track for good 2005 performance as gaming continues to increase as a form of leisure activity, reports Standard & Poor’s.
Las Vegas’ growth during 2004 is expected to continue during 2005 due to leveling-off of new hotel construction, despite the opening of Wynn Las Vegas and a couple of sizable expansions at Bellagio and Caesars and strong leisure travel. In addition, Las Vegas continues to grow in popularity as a host of conventions, and it is estimated by the Las Vegas Convention and Visitors Authority (LVCVA) that both the number of scheduled conventions and estimated convention attendees will increase by double digits compared to 2004. Convention nights represented about 30% of total annual room nights occupied during 2004.
In Atlantic City, gaming revenue grew 7% during 2004, S&P expects gaming revenue in to increase by approximately 5% during 2005. The new Borgata, Resorts and Tropicana are likely to also benefit.
The riverboats are expected to continue to experience relatively steady operating results given their local customer focus.
Finally, Native American gaming is expected to continue to expand faster than most other gaming segments due to the less mature markets in which these casinos are operating and ongoing openings of sizable expansions.
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026