In today’s Green Felt Journal, I take a look at what the more restrained growth of the gaming industry will mean for Las Vegas:
The American gaming scene is changing. Call it maturation, or an adaptation to the post-recession, long-recovery economy, but the industry is shifting. For the past generation, expansion has been the rule, not the exception. That’s not the case anymore, and Las Vegas will have to adjust to a new paradigm.
I think it’ll take some time for the paradigm shift (I don’t enjoy throwing that phrase around, but it seems apt here) to take root; a lot of the city still hasn’t adjusted to losing its “Number One Gaming Destination in the World” crown to Macau five years ago.