A record 29.6 million
travelers visited Las Vegas in 1996.
A nationwide
survey by the U.S. Travel Industry Association found that 38% of all
U.S. residents have been to Las Vegas in
their lifetime. The average length of visitors' stay in Las Vegas was almost
4 days (3.7).
87%
of all people who visited Las Vegas in 1996 gambled.
Of people
who gambled, the average gambling budget for the trip was $580.90.
On average, those gamblers gamble 4 hours
per day.
The
largest percentage of visitors to Las Vegas were in the age group of 65
and older (22%).
As of
1996 there are over 100,000 hotel rooms (101,106) in the city of
Las Vegas. New York City has 63, 279 hotel rooms.
During
1996, singer Wayne Newton celebrated his 25,000th Las Vegas performance.
Siegfried and Roy performed their
15,000th Las Vegas Show.
In 1996
Las Vegas hosted 3,827 conventions and 112 trade shows.
On
the Las Vegas strip in 1996 there were 40 casinos with a gross gaming
revenue of at least $1 million for the year. Players lose $6 billion a year
at Las Vegas casinos.
Gambling
generates more revenue than movies, spectator sports, theme parks,
cruise ships and recorded music combined
Gambling is
at least a $40 billion dollar a year industry in the United
States.
The
number of visitors to the new casino/entertainment complex, "New York,
New York" in the first two months of its opening equaled the visitor
volume for all of Las Vegas. If it continues at this pace, by the end of
the year there will be 30 million visitors to Las Vegas and 30 million to
"New York, New York."
Mirage
Resorts Inc., made Fortune magazine's 1996 list of the 10 most admired
companies. Steve Wynn, the company's CEO, as of 1996 had a $1 billion dollar
line of credit with Bank of America.
The
fastest growing industry in the world is Indian gambling. There are
150 Indian casinos in the U.S. as of May 1997
Indian gaming is
a $27 billion a year business in the U.S. (1997).
