Tales of Las Vegas casinos struggling due to dropping tourism numbers don’t paint the full picture. Gross gaming revenue for the Strip hit $1.35bn in October, up from $1.28bn the previous year. The Venetian Las Vegas CEO and President, Patrick Nichols, has also revealed to Nevada regulators that the property is set to have its best year since opening in 1999.
Nichols was speaking before the Nevada Gaming Control Board when he acknowledged that lower-end properties are suffering more than their luxury counterparts. The Venetian and the Palazzo, which is attached to the property, focus on higher-end customers. The Venetian Expo is also popular for conventions.
operator has also invested $1bn to improve the property over the past three years
Nichols said that August and September were record months for occupancy and hotel revenue. The company has looked at ways to make things more attractive for visitors, including reducing food costs, parking charges, and resort fees. The operator has also invested $1bn to improve the property over the past three years; Nichols believes visitors now get their money’s worth.
The CEO also emphasized how well the Venetian takes care of its employees. They are the only Las Vegas gaming company to pay health premiums for its workers.
