Dream Las Vegas to hold groundbreaking ceremony July 8

The $500m Dream Las Vegas hotel and casino will be located near the McCarran Airport.

US.- Dream Las Vegas will hold a groundbreaking ceremony on July 8 for its casino resort on Las Vegas Boulevard. The new venue will sit on five acres beside McCarran Airport. It will be the closest resort to the airport’s runways, separated by only a chainlink fence.

Branded and managed by Dream Hotel Group, the $500m property will be much smaller than other resorts on Las Vegas Boulevard with have 527 rooms. It aims to offer a boutique-style experience in an ultra-competitive market dominated by massive resorts.

The amenities will include gaming, dining and nightlife venues, a pool deck, 12,000 square feet of event space, a full-service spa, and a fitness centre. The venue is being developed by South California firms Shopoff Realty Investments and Contour and is expected to open by the end of 2024.

In October, the firms received the necessary entitlements to move ahead and got approval from the Clark County Commission. Dream Hotel Group has several locations, including in Manhattan, Miami Beach, Nashville, Hollywood, and Bangkok.

Nevada notches up another month with $1bn+ gaming revenue

Nevada casinos saw their 15th month in a row with over $1bn in gaming revenue in May. According to the Nevada Gaming Control Board (NGCB), casinos collected $1.3bn in gaming revenue, up by nearly 6 per cent year-on-year.

Clark County accounted for 87 per cent came of the total at $1.13bn, up 7 per cent compared to the same month last year. Gaming revenue from the Strip came in at $731.5m, 11.6 per cent higher than May 2021.

North Las Vegas, however, saw revenue drop 5 per cent year-on-year to $25.4m this May. Laughlin also saw revenue dip, down 3 per cent to $46.7m.

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