Las Vegas Casino Owners
Who Are the Las Vegas Casino Owners?
The Las Vegas Strip is home to some of the most iconic casinos in the world, including Caesars Palace, Bellagio, and MGM Grand. But who are the people who own these casinos?
The Adelson Family
The Adelson family is one of the most prominent casino owners in the world. Sheldon Adelson, the patriarch of the family, is the chairman and CEO of Las Vegas Sands Corp., which owns and operates several casinos on the Las Vegas Strip, including Venetian, Palazzo, and Sands Expo and Convention Center. Adelson is also the majority owner of the Israel Hayom newspaper.
The Fertitta Family
The Fertitta family is another major player in the Las Vegas casino industry. Tilman Fertitta is the chairman and CEO of Landry’s, Inc., which owns and operates several casinos on the Las Vegas Strip, including Golden Nugget, The Mirage, and Treasure Island. Fertitta is also the owner of the Houston Rockets NBA team.
The Maloof Family
The Maloof family is a third major player in the Las Vegas casino industry. George Maloof, Jr. is the chairman and CEO of the Maloof Companies, which owns and operates several casinos on the Las Vegas Strip, including Palms Casino Resort and The Hard Rock Hotel and Casino. Maloof is also the owner of the Sacramento Kings NBA team.
Other Las Vegas Casino Owners
In addition to the Adelson, Fertitta, and Maloof families, there are a number of other major casino owners in Las Vegas. These include:
- Steve Wynn, the chairman and CEO of Wynn Resorts, which owns and operates Wynn Las Vegas and Encore Las Vegas.
- Phil Ruffin, the owner of Treasure Island and the Rio All-Suite Hotel and Casino.
- Gary Loveman, the CEO of Caesars Entertainment, which owns and operates Caesars Palace, Bellagio, and Flamingo Las Vegas.
What Are the Biggest Las Vegas Casinos?
The following are the 10 biggest casinos in Las Vegas, based on the number of slot machines:
- The Venetian (7,107)
- Palazzo (7,000)
- MGM Grand (5,200)
- Bellagio (4,000)
- Caesars Palace (3,900)
- Wynn Las Vegas (3,700)
- Encore Las Vegas (3,500)
- Treasure Island (3,400)
- The Mirage (3,300)
- Flamingo Las Vegas (3,000)
How Much Money Do Las Vegas Casinos Make?
In 2021, the Las Vegas Strip casinos generated a total of $6.5 billion in gaming revenue. This was down from $7.8 billion in 2019, before the COVID-19 pandemic.
What Are the Future Trends for Las Vegas Casinos?
The future of Las Vegas casinos is uncertain. The COVID-19 pandemic has had a significant impact on the industry, and it is unclear how long it will take for tourism to return to pre-pandemic levels. However, there are a number of factors that could help Las Vegas casinos recover, including the development of new resorts, the growth of the convention industry, and the increasing popularity of gambling among millennials.
Conclusion
Las Vegas is home to some of the most iconic casinos in the world. The city is a major tourist destination, and the casinos are a major part of the local economy. The future of Las Vegas casinos is uncertain, but there are a number of factors that could help the industry recover from the COVID-19 pandemic.
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