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The Casinos
GAMING: 75 YEARS AND
COUNTING
It all began on March 19, 1931 when Governor Fred Balzar
signed a bill that legalized gaming in Nevada. Since that
day, Nevada, and especially Las Vegas, has become recognized
worldwide as a premier gaming destination. From traditional
card and dice games, to slot machines and race and sports
book betting, the casino industry has flourished and evolved
into an international phenomenon. Now, more than 75 years
later, Nevada celebrates the very industry that has
supported economic growth in the state.
Las Vegas has come a long way from its first legalized
gaming establishment, Northern Club on Fremont Street, in
1931. Owned by Mayme Stocker and her family, the Northern
Club and others like it on the infamous Block 16 in downtown
Las Vegas pumped $69,000 into the state coffers during their
first two years of operation. Today, gaming revenue in Clark
County alone totals more than $10.6 billion per year.
In the early 1940s, Thomas Hull selected a plot along the
two-lane highway that led to Los Angeles as the site for the
El Rancho. His themed resort - the first in Las Vegas -
would become the first hotel along what is now known as The
Strip. Five years later, Benjamin "Bugsy" Siegel would open
his lavish Flamingo Hotel, ushering in the era of celebrity
glitz in Las Vegas. Some of the world-famous entertainers
who became synonymous with Las Vegas included The Rat Pack,
Elvis and Liberace.
Further development occurred in the late 1960s when
business, aviation and movie mogul Howard Hughes introduced
corporate financing to the Las Vegas resort landscape. In
1989, Steve Wynn opened The Mirage, the first of many
mega-resorts now lining the Las Vegas Strip. In 2006, Las
Vegas celebrated a record-breaking year by welcoming 38.9
million visitors. Today, gaming is still the centerpiece of
Las Vegas, one of the world's most desirable destinations.
Gaming Today
As if the resorts and casinos weren't seductive enough, Las
Vegas is putting a new spin on gaming, making it sexier and
more exciting than ever before. The latest trend is the
emergence of intimate, themed casinos within a casino.
The Pussycat Dolls Casino opened recently at Caesars
Palace, just across from The Pussycat Dolls Lounge inside
PURE Nightclub. The casino features a mixture of sexy slot
machines, blackjack, craps and roulette tables, a big six
wheel and merchandise area, featuring the brand's sexy
burlesque look. Playboy Enterprises, Inc., the Palms Casino
Resort and N9NE Group opened Las Vegas' first Playboy
Club atop the new Fantasy Tower at The Palms. The club
and casino showcase the iconic Playboy bunnies dealing
high-limit table games, as well as a Diamond Bar built out
of 10,000 diamond-shaped crystals.
While slot machines are the runaway favorite among gamblers
in Las Vegas, table games have seen new additions and a
tremendous resurgence in the popularity of poker. Some of
the newer games, such as three-card poker, and timeless
favorites like pai gow continue to draw people to the
tables. The increased exposure and popularity of poker,
specifically Texas Hold 'Em, has prompted many casinos to
re-open poker rooms that had been shuttered for a number of
years. Las Vegas is featured regularly as the site of
televised celebrity poker showdowns as well as professional
poker tournaments.
Gaming Milestones
1931 Nevada Governor Fred Balzar signs a bill
legalizing gaming in Nevada
1955 Nevada Gaming Control Board is established
Mid-1950s Gaming revenue tops $100 million
1964 Nevada Electronic introduces first electronic
slot machine
2003 Non-gaming revenue surpasses gaming revenue in
Clark County
2005 Nevada gaming revenue tops $11.6 billion
2006 Nevada celebrates 75 years of gaming
Fast Facts:
* In 2006, Clark County's casinos (Clark County includes Las
Vegas, Laughlin, Mesquite, Primm and Jean) took in $10.6
billion in gross gaming revenue. Las Vegas casinos accounted
for $8.2 billion.
* In 2005, the average gambling budget per trip was
approximately $627 per visitor.
* The average visitor gambled 3.6 hours per day.
* Eighty-six percent of visitors said they gambled during
their stay.
* Slot machines reign in the casinos - 59 percent of
visitors hit the slots during their stay. Blackjack came in
a distant second at 18 percent with video poker rounding out
the top three with 10 percent.
* The statewide Megabucks games experienced a first in
September 2005 when a player hit the progressive jackpot for
the second time. The 92-year-old winner took home $4.6
million in 1989 and then hit the jackpot again last year for
$21 million.
* Nevada's casino and gaming areas are off-limits to people
younger than 21. When Bellagio opened on the Las Vegas Strip
in October 1998, the hotel barred patrons from the premises
who were under 18 years of age unless they were registered
guests of the hotel; this policy was a first, although it is
not strictly enforced today.
* Race and sports betting tops $2 billion per year. Some Las
Vegas casinos treat gamblers to plush seating, free drinks
and buffets in the race and sports book complexes where live
racing and athletic events are viewed on giant,
satellite-fed screens. |