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Home » Latest » Jackpot won at Las Vegas casino; Casino firms remain optimistic
Casino

Jackpot won at Las Vegas casino; Casino firms remain optimistic

Karen ContrinoBy Karen Contrino08/05/20253 Mins Read

A player hit it big at a poker table in Las Vegas, winning a rare hand. Now, he has $306,742 more in his pocket. This took place at the Ultimate Texas Hold’em table at the Golden Nugget, as noted in a post on X, once called Twitter, on April 29, 2024.

He scored the jackpot with a royal flush, which is known as the hardest hand to get in poker, according to Upswing Poker. To make this rare hand, a player needs an ace, king, queen, jack, and 10 all in one suit.

The lucky player achieved this with diamonds, inspiring many, including players of recommended online casino apps featured on Poker Choice. The Golden Nugget is a famous casino and hotel that opened in downtown Las Vegas in 1946.

Casino operators remain optimistic amidst Las Vegas visitation issues

The two biggest casino firms on the Strip are still hopeful despite new data showing that Las Vegas tourism is slowing down. Leaders from MGM Resorts and Caesars Entertainment shared their positive views during recent calls about their earnings.

Bill Hornbuckle, the CEO of MGM Resorts, noted that their Las Vegas properties did well at the start of 2025, with many hitting or surpassing important goals in the first quarter. MGM’s Las Vegas Strip properties earned $2.2 billion in net revenue during the first quarter, down from $2.3 billion last year.

This 3% drop is mostly due to lower non-gaming income, as the city did not host the Super Bowl this year, which took place in February 2024. However, casino revenue at MGM’s resorts rose by 8% in 2025, bringing in $538 million.

Hotel room occupancy on the Strip also increased by 1%, based on recent financial reports. During the company’s first-quarter earnings call, Hornbuckle noted that the business focus starts in Las Vegas, where luxury offerings are key to strong results.

He mentioned that the second quarter was off to a good start and suggested that April might be a record month for hotel bookings on the Strip. Looking ahead, he pointed out that airline capacity at Harry Reid International Airport is set at record levels for the coming quarter.

Overall, it seems MGM is in a good place for the future, with strong operations in Las Vegas and beyond, and significant investments made in their resorts in recent years. The day before, Caesars Entertainment leaders shared a similar view with investors and analysts during their earnings call.

Anthony Carano, president and COO of Caesars Entertainment, acknowledged the great uncertainty around the potential effects of policy changes in the U.S. However, he expressed optimism about the future of Las Vegas.

Carano noted that occupancy rates remain strong, supported by both leisure travellers and group events. Meanwhile, Tom Reeg, the CEO, mentioned that group bookings made up about 20% of their room base in the first quarter, slightly above the yearly average.

He suggested that 2025 might see record group bookings, especially with strong demand expected in the fourth quarter. Regarding gaming, Reeg indicated that there had been no major shifts in customer behaviour.

This implies that current economic factors were not greatly affecting business. Many, including players of the recommended online casino apps featured on Poker Choice, believe that there’s nothing to worry about and the casino business in LA is still looking bright.

casino firms jackpot optimistic remain vegas
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Karen Contrino

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