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Fremont Street Draws More Tourists and More Cops

Fremont Street Draws More Tourists and More Cops

The popularity that is growing of Vegas’ downtown Fremont Street area has required more police presence aswell. (Image: lasvegastours.onboardtours.com)

As Las Vegas continues to jump right back through the downturn that is economic with the Strip posting its 5th annual revenue increase in a line, Sin City’s Fremont Street area downtown is experiencing a renaissance too. In fact, the regeneration that is recent of Street and its environs is attracting plenty visitors, Metro Police are being forced to rethink the direction they police the whole city of Las Vegas.
‘ We were very focused on vegas Boulevard [the Strip] for several years because that’s where we were seeing the infusion of people,’ Sheriff Doug Gillespie told Metro’s Fiscal Affairs Committee this week. ‘ But the dynamics have changed downtown. Now a lot more people are attempting to come downtown on a more regular foundation.’
It is not just that the people are coming there in droves; the nature that is very of tourism has changed, too. Even though the area surrounding ‘Glitter Gulch,’ as it used to be known right back in Elvis’s day, was once a small rough around the edges, it’s now learning to be a hub of art and culture. Bail bondsmen and pawnbrokers are at the very least somewhat changed with galleries and clothing that is vintage, since well bars, clubs and restaurants.
Millennials Descend
Which means that, in a nutshell, people are spending less time withi […]

Caesars Interactive Grows, But Caesars Overall Still Stalled

Caesars Interactive Grows, But Caesars Overall Still Stalled

Caesars currently holds over $24 billion in financial obligation.

Caesars Interactive Entertainment (CIE), as part of Caesars Growth Partners (CGP), has been lauded being a spot that is bright the Caesars brand. At the same time as soon as the company is coping with tremendous debt and legal actions with bondholders, CGP is overseeing online operations and other areas of growth as an ingredient of a strategy to reorganize Caesars and make the company’s finances sustainable for the haul that is long. It’s a bit early to express if that’s going to operate, but one this is clear: CIE is certainly holding up their section of the discount.
Within the very first 1 / 2 of 2014, CIE brought in $268.8 million, an increase of almost 90 % on the $142.1 million they brought in last year. The increase had been slightly more dramatic into the second quarter alone, with web revenues up more than 95 percent to $144.6 million.
Positive Money Flow for CIE
At this time, CIE is still posting losings for the 12 months. The business is down $16 million for 2014, though that’s still a marked improvement over the $27.1 million they lost within the first half 2013. But with 20.5 million in profits in the second quarter, it is quite feasible that the organization could possibly be in the black colored by the end of the year.

‘With the Interactive Entertainment segment generating positive income, we stay confident that our strategy […]