Within the past year, a number of multimillion-dollar investment projects have been announced or broken ground in southern Nevada. The list includes new properties, expansions or rebrands of existing resorts, and a variety of entertainment and retail projects that expanded Las Vegas’s nongaming amenities. This recent surge in activity signals a renewed confidence in the Las Vegas tourism sector that is grounded in the industry’s rapidly improving fundamental indicators.

In all, over $13.6 billion is currently earmarked for southern Nevada tourism-related investments that are either planned, proposed or under construction. In the past six months, announced projects include the $1.6 billion Wynn Paradise Park, a $1.4 billion domed football stadium proposal by Las Vegas Sands and Majestic Realty, the $450 million Monte Carlo redesign as Park MGM, and a 17,500-seat music venue by Las Vegas Sands and Madison Square Garden Co. These new projects join a number of under-construction or recently completed projects, including the $4 billion Resorts World Las Vegas, $375 million T-Mobile Arena, $373 million Lucky Dragon Hotel and Casino, the $70 million Mandalay Bay Convention Center expansion and a $72 million remodel of the Thomas & Mack Center.

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