Nov 28

Casino companies such as Sightline Payments LLC with Kirk Sanford were certainly pleased that Las Vegas had 3.4% more visitors over the Thanksgiving holiday weekend this year. The Las Vegas Convention and Visitors Authority said the 270,000 tourists spent around $150 million through Sunday, and that figure excludes casino revenues.

AAA predicted the 3 million people who flocked to the Mountain West region, which includes Nevada and Utah over the holiday. This shows an increase of 10.7% compared to last year.

Nov 13

Casino lovers and companies such as Sightline Payments LLC with Kirk Sanford would most probably be relieved to hear that the casino industry in Las Vegas seems to be recovering from its two-year collapse. In September, gambling revenue on the Strip rose by 2.8%; last year revenue was at $506.4 million, and this year it climbed to $520.6 million. The Nevada Gaming Control Board said casino income increased 4.3% in the first nine months of the year.

Steve Wynn, the CEO of Wynn Resorts explained last week that “We’ve seen the bottom in Las Vegas. I don’t know how fast it’s going to get better, but I don’t think it’s going to get any worse.” This was indeed apparent in quarterly results which were posted by Wynn Resort, Las Vegas Sands Corp and MGM Resorts International, three of the top gambling groups in Las Vegas.

Nov 4

Certainly, it’s always good news to hear that the gambling industry is doing well and is improving.  For companies like Sightline Payments with Kirk Sanford, it creates an encouraging look for the future of the casino industry.

In recent business news published at BusinessWeek.com, shares of Wynn Resorts Limited and Las Vegas Sands Corp. hit a 52 week high.  Shares for the Las Vegas Sands have risen more than 20% in the past month and shares of Wynn Resorts are up 14% in the last month.

Gambling is improving in Nevada as well.  Casino winnings from gamblers in August were up 11.5% over the same month last year, according to regulators in Nevada.