Vegas’s new, uber-high-stakes casino is open for business
Las Vegas’ newest high-stakes gaming resort is now open for gaming.
Glendale Hot Spot Casino opened Monday as part of a $1.9 billion development project that will be complete in time for the start of the summer tourist season.
“It’s an incredible place to be.
The people that work there are amazing.
It’s an amazing place to play,” Las Vegas Sands Corp. chief operating officer Richard L. Wynn told reporters at the opening of the $1 billion resort.
Casino owner Steve Wynn said he expects to attract $300 million to $400 million in new gambling revenue during the summer, with most of that coming from slot machines and other sports gambling.
Glenn Jones, president and chief operating executive of Sands International, said the resort will create jobs and bring back $300 to $500 million in taxes and fees to the local economy.
Las Vegas Sands, which has a $100 billion gaming empire, is the largest player in the United States with more than 200 casinos and casinos on seven continents.
The company opened in 2000 and has operated in the Las Vegas area since.
Casinos in other states have been trying to replicate Glendale, with one such project being in California.
Las-Vegas Sands Corp.’s plan for a casino in the Phoenix suburb of Scottsdale was delayed this year when a federal judge ruled that the company was not legally required to build it.
In December, the Trump Organization said it would not proceed with plans to build a $7.5 billion casino in Florida’s Treasure Coast.
The company said that while it could bring back more than $50 billion in revenue annually, the economic impact would be negligible compared to the potential of the casino.