Las Vegas Is Gambling on Its Own Reinvention

Tourism is down, lower-income visitors are tightening their wallets, and online gambling means the casino now fits in your pocket. But Las Vegas isn't panicking. It's doubling down on what you can't get on a screen. The Tao Group is building a 46,000-square-foot dayclub on the Strip, its flagship nightclub is posting record revenue year after year, and the city's fast permitting process lets it rebuild itself faster than anywhere else in America. (Source: Bloomberg)