After two years of modest reinvestment and upgrades of Strip properties, a group of gaming industry analysts and brokers thinks more than $1.5 billion will be invested by companies and investors in the Las Vegas gaming real estate market over the next two years.
When Keith and Deb Berner went to McCarran International Airport on Monday morning, they didn’t expect problems. Their destination, Cleveland, was well out of Hurricane Sandy’s way, and they had a nonstop flight. Still, United Airlines had canceled the 10:55 a.m. departure.
An engineer hired by contractor Perini Building Co. on Monday began spelling ways to permanently repair the unfinished Harmon Hotel as testimony concerning demolition of the CityCenter property resumed after a four-month hiatus.
The annual Visitor Profile Study shows that tourists’ spending on things besides gambling went up in 2011, continuing an upward trend that began taking shape in 2010. But the money tourists told researchers they budgeted for gambling declined when compared with 2010.
