Casino Hotels: Shakeups, New Openings, and Jackpot Withholding Changes

The world of casino hotels is seeing a whirl of activity, with iconic closures, exciting new openings, and even policy shifts. Here’s a look at some of the hottest news:

Las Vegas in Flux

  • Mirage Says Goode: The legendary Mirage, known for its erupting volcano and ushering in the era of Las Vegas megaresorts, is set to close its doors this summer The Hard Rock brand will take its place, aiming to open in 2029.
  • Tropicana Fades Away: Another Las Vegas landmark, the Tropicana, shut down for good on May 21st. However, there’s a twist – the property is now open to the public for a giant liquidation sale before demolition.

New Entrants on the Horizon

  • Hard Rock Hotel & Casino Rising: While the old Mirage will be reborn as a Hard Rock, construction is already underway in Beloit, Wisconsin for a brand new Ho-Chunk Nation casino slated to open in 2026.
  • Oklahoma’s LakeCrest Finally Opens: After a long wait, the Chickasaw Nation’s LakeCrest Hotel and Casino has finally revealed its opening date!

Beyond the Glitter: Industry Trends

  • Art Finds a Home in Casinos: Looking for a culture fix amidst the slots? Casinos are increasingly showcasing fine art collections, making them more attractive destinations for a wider audience.
  • Jackpot Withholding Relief on the Way?: A piece of good news for gamblers – the IRS might raise the minimum threshold for withholding taxes on winnings, putting more money in your pocket

Atlantic City’s Big Bet

  • New Investments Signal Hope: After a rough patch, Atlantic City’s casinos are seeing a glimmer of hope with new investments being poured into the resort town. This could signal a comeback for the East Coast gambling hub.

So, whether you’re a seasoned high roller or a curious first-timer, the casino hotel industry is offering something for everyone. From brand new resorts to art-infused experiences, and perhaps even a friendlier tax treatment on winnings, there’s a chance to hit the jackpot on your next casino hotel adventure.