October Proves Positive for Las Vegas Sands Casino

Casino News - November 2nd, 2009 - Written by Glen

By the end of October, shares attributed to Las Vegas Sands had actually taken an upswing. As one of the casinos hit hardest by the recession, Las Vegas Sands had shown slight respite after seven straight quarters of loss.

According to Sheldon Adelson - billionaire, chairman, and chief executive - in a conference call, Las Vegas Sands had the best quarter in their history for booking new group rooms in Vegas. For 2010, more group room nights had already been booked then that of the entire 2009 year.

Conferences, banquets, mass gatherings, and business programs made a large percentage of revenue for casinos, particularly Las Vegas Sands, but many corporations had canceled such ventures on account of the recession, and many players turned to Online Casinos for USA Players. As the economy takes an upswing, many of these same corporations are beginning to flock back to the City of Sin for their meetings and gatherings.

As the different commercial fields regain momentum, corporate finances will allow these consortiums and companies to return to Vegas. The trickle up theme, so to speak, should help to reinvigorate the casino industry on a whole, and not just Las Vegas Sands. Unfortunately, many of the casino operating companies have had to turn to overseas partnerships to survive the recession, those who have persevered through tough times may ultimately come out on top.

Live meetings, banquets, and other such ventures are, perhaps, the only advantage that this brick and mortar casinos hold over the Best online casinos, though these gatherings only make up a small portion of the resorts' profits. Gaming is still the primary reason many flock to Vegas, if not for the entertainment.

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