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>> BANK OF AMERICA Latest News

MAR 08, 2013 - Business Insider

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Las Vegas Hasn't Been About Gambling Since 1999

Las Vegas will always be known for its gambling. But in more recent years, Vegas has become a hub for high-end shops, amazing restaurants, and incredible shows. Here's an excerpt from a new research note from Bank of America Merrill Lynch: Perhaps the most important dynamic overall on the demand front is the changing composition of total Las Vegas Strip revenues over the past decade. As we show in Chart 38, historically, Las Vegas was a gaming-centric market, with 61% of revenues coming from the casino category in 1990. Today, non-gaming revenue comprises around 64% of Las Vegas’ total ... Read More

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