Las Vegas, Nevada – Las Vegas is now a tourist destination.
Las Vegas was a gambling hub in the early 19th century, with gambling halls and casinos that opened at a time when many of the country’s most prominent families, such as the Rothschilds, were living in the city.
Las Vegas has been known as the City of Sin for centuries.
In the early 1900s, gambling became popular in the gambling hub because it offered a better chance of getting money to the elite.
As the city expanded, gambling also became a way to finance a more prosperous lifestyle for many of its residents, as well as provide a way for the city to generate revenue from the gambling industry.
The MGM Grand, one of the most successful casinos in the world, opened in 1910.
In 1931, MGM Grand opened its first casino in Las Vegas.
The Las Vegas Sands Corp, an independent company, purchased the Sands Corporation in 1988 for an estimated $1.5 billion.
In 1996, the Sands Corp became the largest private employer in the United States.
The Sands Corporation owns and operates casinos and other gambling properties throughout Nevada, Utah, Arizona, Colorado and New Mexico.
The casino industry employs over 500,000 people, and it accounts for approximately 5% of Nevada’s GDP.
The MGM, Las Vegas’s iconic hotel, is owned and operated by the Las Vegas Convention and Visitors Authority.