MGM Resorts International is set to invest $100 million in a comprehensive renovation of the Mandalay Bay convention center in Las Vegas, encompassing upgraded technology, redesigned spaces, and an infusion of fine art. The ambitious project aims to meet modern-day needs while maintaining Mandalay Bay’s iconic tropical theme. The convention center will remain operational during the phased upgrades, with completion expected by the end of 2024. In parallel, the state of Nevada continues to witness a robust gaming industry, reporting a remarkable 18 consecutive months of gaming revenue exceeding $1 billion in August, reflecting the resilience and popularity of its casinos.
MGM Resorts’ Multi-Million Dollar Mandalay Bay Convention Center Redesign:
MGM Resorts International is committing $100 million to breathe new life into the 2.1 million-square-foot Mandalay Bay convention center in Las Vegas. The extensive renovation plan entails advancements in technology, reimagined spaces, and the integration of fine art. Maintaining its renowned tropical ambiance, the convention center will offer super-fast internet speeds, enabling seamless connectivity for attendees. Notably, 11 digital walls for advertising, sponsorship, and event messaging will be installed, enhancing the overall experience for guests. The rejuvenated space will also showcase artwork from diverse and underrepresented artists, contributing to a culturally enriched environment.
Nevada’s Gaming Industry Continues to Thrive:
The gaming industry in Nevada remains a powerhouse, as it celebrated its 18th consecutive month with gaming revenue exceeding $1 billion in August. Casinos collected an impressive $1.2 billion in gaming revenue, representing a 3.5% increase compared to August 2021. Clark County led the way with over $1 billion in revenue, while the Las Vegas Strip saw a noteworthy 5% year-on-year increase, reaching $659.7 million. Additionally, regions like Washoe County and South Lake Tahoe experienced substantial year-on-year revenue growth, further cementing Nevada’s status as a gaming destination.
Mandalay Bay’s Vision for a Modern and Timeless Convention Experience:
Ernest Stovall, VP of sales for Mandalay Bay, emphasized the importance of addressing modern-day needs and creating a timeless design while catering to the preferences of meeting planners. The comprehensive upgrades and enhancements aim to elevate the convention experience, offering unparalleled amenities and services for corporate events, trade shows, and other gatherings. By incorporating cutting-edge technology and diverse artwork, Mandalay Bay strives to surpass the expectations of event organizers and attendees alike.
MGM Resorts International’s $100 million investment in the renovation of the Mandalay Bay convention center exemplifies the company’s commitment to providing top-notch amenities and experiences for its patrons. By incorporating state-of-the-art technology, captivating artwork, and maintaining its tropical ambiance, Mandalay Bay is poised to offer a modern and timeless convention space. Concurrently, the gaming industry in Nevada remains a driving force in the state’s economy, with robust revenues reported for August. The future looks promising for both the convention and gaming sectors, solidifying Nevada’s position as a premier destination for business and entertainment.