Nevada casino industry set for stellar summer
The Nevada gambling industry looks set to enjoy an exciting summer, with the sector bouncing back in style after a difficult period.
Casinos have undoubtedly been at the forefront of the recovery, recording successive $1 billion revenues during March and April.
A strong spring tends to point towards a lucrative summer, which would be welcomed with open arms by every casino operator in the state.
Read on as we take a closer look at some of the latest exciting developments from across the Nevada casino industry.
San Manuel secure big-money Palms deal
The Palms Casino Resort in Las Vegas could be poised to make a recovery after it was confirmed that the venue has changed hands for $650 million.
The San Manuel Band of Mission Indians and the San Manuel Gaming and Hospitality Authority (SMGHA) recently acquired the venue from Red Rock Resorts, Inc.
There are still some regulatory and other closing conditions to navigate, but the deal is expected to be finalised before the end of the year.
The Palms includes a casino, around 700 hotel rooms and suites, restaurant options, a 2,500-seat theatre, meeting space and other hospitality amenities.
The ill-fated opening of a mega-club on the site sparked a downturn in the Palms’ fortunes, but SMGHA have been tipped to restore the venue to its former glories.
This is the second tribal acquisition in the Vegas resort sector, and other properties are rumoured to have come under consideration for takeovers.
Bragg acquires Wild Streak
Bragg Gaming have confirmed a £30 million deal to purchase all of the outstanding membership interests of Wild Streak Gaming.
The Nevada-based content creation studio has a portfolio of 39 premium casino slot titles which feature in brick and mortar and online casinos.
The move follows Bragg’s recent acquisition of Spin Games, and further highlights their commitment to developing content suitable for the burgeoning United States market.
Wild Streak’s design team is well respected across the industry, with founder and CEO Doug Fallon widely recognised as one of the best designers in the sector.
Fallon will join Bragg as Managing Director of Group Content and will be tasked with overseeing the company’s strategy for US content creation.
Wild Streak have previously collaborated with the likes of Scientific Games and IGT, demonstrating their ability to deliver top class gaming products.
Vegas set for casino jobs boost
The reopening of Nevada casinos at 100 percent capacity is not only great news for the industry but also for workers in the region.
Boyd Gaming is holding a job fair on June 10 as it seeks to fill a wide range of roles at its properties in Southern Nevada.
Some casinos have found it difficult to find suitable candidates over the past few months, with dozens of former employees switching to other occupations.
Other gambling companies in Nevada have offered bonuses to new employees, making this an excellent time for people to jump on board.
MGM Resorts International, Virgin Hotels Las Vegas, Ellis Island and Circa are other venues that have been holding recruitment events over the past few weeks.
A busy summer should see more jobs created, providing the Nevada economy with a much-needed boost heading into the second half of 2021.
