Howard Stutz, a gaming reporter for The Nevada Independent, said it has a similar feeling to the Cosmopolitan’s opening in 2010 and Resorts World and Virgin Hotels in 2021. The Fontainebleau stopped construction in the last recession, and is being completed this year by its original developers. Part of the high expectations for 2023 in Nevada comes from the fact that major developments on the Strip will open: the Fontainebleau will be a new resort on the north end of the Strip, the MSG Sphere, at $2.2 billion, will open. But from what we're seeing in travel and gaming, it seems to be counterintuitive.” So all of those things are hallmarks of a recession. We're seeing layoffs at Google and Amazon and Facebook that are indicating that there is definitely a softening going on, we have an unpredictable stock market. “I think what we've seen is there's a lot of predictions of an untraditional recession, a recession that isn't going to behave as it normally does. “I don’t know that we can predict another banner year,” she said. She thinks Las Vegas would have already been affected by a recession, and that the city will continue to weather the uncertain economy better than other places.

“I think that we've seen some consumer behavior changes that have been positive for us, and then changes that have been made within the city that are helping us,” she said. She told State of Nevada host Joe Schoenmann that’s helped weather an unbalanced economy, and Las Vegas has also become a holiday destination for some. “The influence of sports, I don’t think can be underestimated.”

“I think we’ve … seen a lot of really positive changes in the city over the last few years,” said Amanda Belarmino, an assistant professor with UNLV’s Harrah College of Hospitality. If that happens nationwide, what happens here? Economists and other experts are still expecting a downtown in the economy maybe a recession. So, it sounds like the good times will keep rolling in 2023, right? Maybe not.

In 2023, the MSG Sphere will debut, Fontainebleau casino-resort is expected to open, and Formula One racing is coming to the Strip. Records were broken in both revenue and visitation. Last year, 2022, was a banner year for the Strip and Nevada’s gaming industry.

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