Lessons From Las Vegas

by Ken Kanara

In the mid 80s, gaming made up the lion’s share of revenues for casinos on the Las Vegas strip.  Today, it accounts for about a third of total revenues, and the trend suggests it will continue to decline. What should the leisure and hospitality industry make of this? Is it a problem…or an opportunity in disguise? The successful players see it as an opportunity to capitalize on ancillary revenues such as exclusive shopping, fine dining, and VIP services.

Published On: May 16th, 2019|Categories: Hospitality, Retail|

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