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For most of it’s lifetime, Las Vegas has been a gambling town. The city was built on money generated from casino tables. From the time gambling was legalized in Las Vegas in 1931 until 1976, Las Vegas was the only place in the United States where you could legally gamble.
This monopoly on gaming combined with cheap rooms and food helped Las Vegas grow incredible amounts throughout the 50s, 60s and early 70s. When Atlantic City legalized gambling in 1976, Las Vegas lost it’s monopoly and started losing visitors. This wouldn’t change until Steve Wynn built The Mirage in 1989 and reinvigorated Las Vegas as an entertainment destination. But, is Las Vegas still a good place for gamblers to vacation?
Vegas News / Gambling / Singapore / Macau / → All Tags
It's looking like the thrill may be permanently gone when it comes to taking a gamble in Vegas.
A new TIME magazine article says Sin City may soon lose it's number two spot when it comes to the world's most profitable gaming destinations... to Singapore.
The American Gaming Association has projected that the city-state will become the world's second largest gambling hub with forecast earnings of $6.4 billion. This figure will allow Singapore to surpass Vegas, which is expected to bring in $6.2 million, in the rankings.
Vegas lost the number one spot to Macau a few years back. The article states that Macau raked in a whooping $23.5 billion last year alone.
Tell us, when it comes to your Vegas vacation, where does gambling fall on your list? Is it in the top three things to do? Top five? Not even on the list? Let it ride in the comments below!
[Photo: BluePail on Flickr]