January 3, 2020
Gaming Experts see good times ahead
A prominent national gaming attorney said the Las Vegas casino industry returned to its pre-recession level in 2019 and expects Southern Nevada will build on that momentum in 2020 and beyond.
Frank Schreck, the Las Vegas native and gaming attorney with Brownstein Hyatt Farber Schreck, gave his most optimistic outlook yet that he's given the Business Press during the last four years he's given a preview of the coming year.
"I'm more optimistic about 2020 than I was when I talked about 2017, 2018 and 2019," Schreck said.
Construction continues on the 3,400-room $4.3 billion Resorts World Las Vegas that will open in the summer 2021 on the north end of the Strip. Construction on 67-story, 3,700-room, $3.1 billion Drew near the Las Vegas Convention Center is expected to restart this year for a 2022 opening. The $980 million convention center expansion will be completed by the end of 2020 in anticipation of the 2021 Consumer Electronics Show. Caesars Palace is opening 300,000 square feet of convention space valued at $375 million in 2020.
Construction continues on the MSG Sphere concert venue that will open in 2021. The 44-story, $1 billion Circa Las Vegas in downtown is on track to open by the end of 2020.
