The United States gaming industry began in Nevada. As a matter of fact, Nevada had a monopoly to legal casino gaming for almost 50 years. Nevada casinos generated a casino “win” in 1995 of $7.36 billion and makes up more than a half of the state’s revenues.
Las Vegas Hotel Casino is a very popular attraction in Nevada. Las Vegas Hotel Casino has generated a massive and phenomenal tourist industry. Every year millions of people from the United States and around the globe flock to famous Las Vegas Hotel Casinos to indulge in casino gaming. Millions of jobs have been created, directly or indirectly, related to the Las Vegas Hotel Casino industry.
To say that Las Vegas Hotel Casino spurs economic activity and growth is an understatement. The contribution of Las Vegas Hotel Casino industry spans beyond the economy. It is the heart of Nevada. It is the very reason why all the other industries exist. Without the Las Vegas Hotel Casino, Nevada wouldn’t be known for what it is today, ‘The Entertainment capital of the World’. The Las Vegas Hotel Casino located particularly in the Las Vegas Strip is considered as the most exciting hotel-casino joints in the world.
Las Vegas Hotel Casino came out to be because of the efforts of several gallant men though the years. Gambling is legal in the state of Nevada – the first state to do so.
A number of hotels and casinos operate in Las Vegas. The most popular and posh hotel-casinos are found in the Las Vegas Hotel Casino strip. Among those Las Vegas Hotel Casino that stands out is: Aladdin Resort and Casino, Hard Rock Hotel and Casino, Caesar’s Palace, Flamingo Las Vegas, La Vegas Hilton, Mandalay Bay, MGM Grand Hotel/Casino, Mirage Hotel and Casino, Monte Carlo Resort and Casino, New York New York Hotel and Casino, Palms Resort Casino and many others.
Las Vegas Hotel Casinos have plans to venture to internet casinos because of the popularity online casinos are gaining these days. The Gaming Control Board was given the authority to decide on the matter which is currently pending. A tax of 6.25% was levied on real Las Vegas Hotel Casinos including a fee of $1 million for two years. Recently Las Vegas Hotel Casinos introduced keno-lottery games that feature progressive jackpots to counter the popular lottery games.
Las Vegas Hotel Casinos are allowed now to open private salons for high stakes players. Kiddie-themed slots in Las Vegas Hotel Casino have been subject to regulations by the Board. The first restriction to a kiddie-themed slot has been passed to IGT’s “Addams Family” slots. Las Vegas Hotel Casinos are required to pay slot jackpots even in cases of machine malfunctions. Las Vegas Hotel Casinos are also allowed to bet on local sports teams. Nevada Gaming Commission now has new “restricted licenses” which requires 15 slot machines maximum to convenience stores, bars, drugstores and supermarkets.
The gross-gaming tax levied on the largest Las Vegas Hotel Casinos is the lowest tax rate in the country.