The Motley Fool – Las Vegas is town that made huge successes of the casino resorts operated by companies such as Las Vegas Sands and MGM Resorts. However, for the last five years gaming in Asia, rather than U.S. operations, have lifted these companies’ profits. But with 2014 profits in Las Vegas at the rise, is Sin City at the way back?
Following the 2008 financial crisis, Las Vegas profits dropped as U.S. gamers spent less on leisure travel and nonessentials like gambling. At the similar time, Macau profits started surging because the Cotai strip there opened and Las Vegas Sands dominated the Cotai Strip with probably the most casino resorts and the top total gaming revenue. Now, though,Vegas could be making its comeback.Nearly 40 million people visited Las Vegas in 2013, helping town to pick out up both gaming and non-gaming revenues over 2012. Now, total revenue is constant to extend to this point this year. If current forecasts are correct, 2014 might be getting with regards to those peak 2007 revenues. The chart below lays out the past 10 years of gross gaming revenues for Las Vegas, while the graph compares those numbers to total gaming revenue in Macau in the course of the same time.
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