In this week’s Green Felt Journal, I discuss how Las Vegas faces change:
Now let’s broaden that concept and consider how Las Vegas not just the casino industry responds to changes dealt to it externally. For example, earlier this month, gay marriage became legal in Nevada. Almost immediately, the question being asked wasn’t whether Nevada’s wedding industry chapels, and the ancillary businesses that support them would benefit from the landmark ruling, but how much it would benefit—and how quickly casinos would jump in.
A broader legalization of sports gambling would definitely shake things up, but with sports gambling being such a small part of Nevada gaming revenues, I don’t think it would hurt Las Vegas casinos. More familiarity with wagering might even help them.