What casino renovations say about the Vegas hospitality sector’s future
Regulation · 2024-09-24

What casino renovations say about the Vegas hospitality sector’s future

There are a lot of construction crews at work around Las Vegas-area casinos nowadays.

Capital improvement projects are one way to tell the health of the country’s economy. One component of the gross domestic product, business investment growth, grew 4.6 percent in the second quarter.

That investment can certainly be seen all across Vegas’ hospitality industry. While there hasn’t been a major resort-casino acquisition or new project started in a few years, renovations and expansions are well underway or recently completed at dozens of properties around the Las Vegas valley.

To name a few: a $20 million casino expansion at El Cortez, room additions at Circa, a roughly $340 million total renovation at Rio, Caesars Entertainment’s renovation of the Horseshoe and Paris that included a new pedestrian bridge between the properties, and a property-wide enhancement plan at Boyd Gaming’s Suncoast resort-casino near Summerlin that kicked off with a new sportsbook.

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