Management staff at leading Las Vegas casinos expect tourism to resume in the coming months. They estimate that the decline in attendance in 2025 is cyclical and does not reflect long-term changes in demand.
Physical Gaming Sector in the Area: Current State
On January 30th, the city’s Wynn hotel hosted one of the largest industry gatherings, the 2026 edition of Preview Las Vegas. Over 1,500 leading businesses and speakers participated in the show. During the meeting, special attention was paid to the local Convention and Visitors Authority’s findings (LVCVA).
According to the regulator’s report, the number of guests to the entertainment destination dropped by 7.5% YoY to 38.5 million. Furthermore, the flow of travellers has been declining for 12 consecutive months, and the average occupancy rate of hotels for the year decreased by 3.3% to 80.3%.
Operators' Opinions: Tourism Economic Outlook
Despite unfavourable statistics, market leaders voice confidence in the local long-term chances for stable success and cite strong support from the public and businesses.
Let us explore key thoughts on the matter:
- Boyd Gaming. The company stated that the current dynamics are not considered a structural crisis. The management is completely sure about the industry’s promising future. They focus on finding effective solutions to support the vertical during the tourism downturn and preparing for the next stage of attendance growth.
- MGM Resorts. The operator believes in the responsibility of large brands to the city’s sustainable growth through reinvestment and maintenance of its competitiveness. The key objective is to continue contributing to the hub’s long-term stability. The enterprise allocates approximately $800 million annually to local development and intends to maintain or even raise this level of funding.
- LVCVA. Citing the authority, gambling and hotels collectively provide 300,000+ jobs and around 50% of Nevada’s taxes. Operators' consistent actions stabilise the situation during weakened-demand periods. A temporary downturn affects all market participants, so the regulator is determined to overcome these challenges and maintain confidence in the city’s growth and economic resilience.
Industry experts also note that the local sphere has experienced similar slowdowns multiple times, confirming their cyclical nature. A busy calendar of niche gatherings, conventions, and other prestigious arrangements is expected in 2026 to stabilise and boost the performance. Major representatives estimate that these plans will significantly contribute to tourism recovery and strengthen the city’s economic momentum.
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