Las Vegas mantra in the LVBP

For this week’s Las Vegas Business Press column, I talk about the importance of renovation to Las Vegas today:

When The Cosmopolitan of Las Vegas opened its doors in December 2010, there was some regret: This was, we were assured, the last casino opening on the Strip for some time. In a town that had gotten used to one or more new resorts opening each year over the previous two decades with a few pauses, that was bad news. These days, renovation, not new construction, is the name of the game. That says a great deal about how the Strip will continue to remain competitive in the near future.

via Las Vegas Business Press :: David G. Schwartz : Las Vegas mantra: If you cant build new, renew.

It’s a sign of the times, to be sure, that hotel renovations get the attention once reserved for casino openings. They are less dramatic, but I’d say they are no less important.

Author: Dave

Director of the Center for Gaming Research at the University of Nevada, Las Vegas and author of several books, including Roll the Bones: The History of Gaming. Also Gaming and Hospitality editor for Vegas Seven magazine.