“Vegas has definitely hit the saturation point with nightclubs,” said Noah Tepperberg, co-founder of TAO Group. “A lot of what’s coming online seems to be smaller venues.”
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The downturn was attributed to a 15.4 percent decrease in convention attendance. Only 552,200 conventioneers visited the market in March compared with 652,400 a year earlier.
Las Vegas’ airport continued to see increased traffic in March with 4.4 million passengers travelling through its gates last month.
Here’s a look at five big Las Vegas proposals that were unveiled within the past two years and where they are today.
The Lucky Dragon sold for much less than its developer and lender had said it was worth.
The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown.