Gary Loveman, CEO for Caesars Entertainment, has stated he believes the industry is on the mend.
In a statement to CNBC, he said: "[Las Vegas] is more buoyant, in large part because supply has been stable now for some time, demand patterns are improving, the convention and meeting business is robust."
Vegas was hit hard by the recession, as gaming revenue fell 6.67 per cent on the Las Vegas strip and 16.17 percent on the Boulder strip between 2007 and 2014, according to the Center for Gaming Research at the University of Nevada Las Vegas.
Downtown Vegas was hurt hardest, with gaming revenue dropping 19.2 per cent during that time, according to the data. Earlier this year, the Caesars Entertainment’s operating unit filed for Chapter 11 bankruptcy to implement its plan to cut $10bn in debt.
Meanwhile, Las Vegas has turned to non-gaming experiences, like nightclubs and restaurants, to help boost business.
