My Interview in Forbes about Economic Recovery in Las Vegas

Feb 26, 2021 | KrackWins in the News

Last fall, I talked to Forbes about the economic struggles in Las Vegas during the Covid-19 pandemic.  As a professional sports gambler and long-time resident of Vegas, I’ve seen how convention and event cancellations have affected my city. 

The “sin” in Sin City isn’t enough to drive the economic recovery in Vegas. Gambling only accounts for 27% of the revenue at the Strip resorts.  It’s the conventions, hotel stays, food and beverage sales that drive 58% of the revenue per the Nevada Gaming Control Board. While hotel occupancy and gaming is rebounding, mid-week business is still in a rut. For the Las Vegas Sands properties, revenue was down 82% in Q3 from the same time in 2019.  To help counteract the losses, they are considering the sale of three of their properties – the Venetian, the Palazzo and the Sands Expo and Convention Center. And they aren’t the only properties suffering. 

Click here to read the whole article to learn how other Las Vegas Strip resorts are handling the economic recovery.

Sports betting has been my life’s work for two decades, and I love that I call Las Vegas home. Visit my About Me page to learn more about my back story and how I got into sports betting.

Get exclusive access to Bill's sports picks in real time when you download the KrackWins app now. Available on iOS and Google Play.

No mobile device? No problem – click here to signup for an account through Paypal.

Author: Bill Krackomberger

Author: Bill Krackomberger

Professional Sports Bettor

I love to help and to teach people what I have learned the last twenty-five years as a consistently winning sports bettor.  I have been a guest on many networks, including ESPN, CNN, Fox Sports, VSIN and radio shows coast to coast as well as am featured in the new Showtime series “Action”. Download my app KrackWins to get my picks in live time. Read more about Bill Krackomberger.

Author: Bill Krackomberger

Professional Sports Bettor

I love to help and to teach people what I have learned the last twenty-five years as a consistently winning sports bettor.  I have been a guest on many networks, including ESPN, CNN, Fox Sports, VSIN and radio shows coast to coast as well as am featured in the new Showtime series “Action”.  Download my app KrackWins to get my picks in live time. Read more about Bill Krackomberger.

Free Betting Guide

Sign up to get Bill's 9 Tips for Betting on NFL delivered to your inbox

Name

Latest Lines

Featured Articles

WEEKLY RECAPS

Free Betting Guide

Sign up to get Bill's 9 Tips for Betting on NFL delivered to your inbox

Name
How to Bet On Sports - Free NFL Betting Guide by KrackWins

Free Betting Guide

Sign up to get Bill's 9 Tips for Betting on NFL delivered to your inbox

You have Successfully Subscribed!