Tech May Underpin the New Las Vegas Economy, Says Lunden

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Tech May Underpin the New Las Vegas Economy, Says LundenPerhaps that which was transpiring inside of the convention hall in Las Vegas last week for CES 2015 is more representative of the future of Sin City than anything transparent outside of the hall and on the Vegas strip today.

In fact, more than just futuristic mobile technologies were on display at CES this year. We also caught a glimpse of the future for Las Vegas, a future by which technology strongly underscores the local economy and makes Las Vegas a refreshed destination for new and familiar visitors alike.

“A group of entrepreneurs — tapping some $350 million funding from investors like Zappos founder Tony Hsieh — have been building a new economy in Downtown Vegas, with tech a very consistent theme courtesy of the Vegas Tech Fund, which backs startups that set up shop in the city,” says Ingrid Lunden of TechCrunch.

According to Lunden, big money players are looking to make Las Vegas shiny and new again, primarily on the basis of investing in technology and implementing those technologies where they are needed most. And best of all for Vegas, those at the helm of this effort have a clear head and practical vision of the future.

“While Vegas is known for artifice to the extreme (look! Venice! New York! Paris! Arthurian castles! Beautiful Water Wonderlands!),” Lunden observes. “the people who are trying to make a go of creating a sustainable tech economy in in the city are a little more sober.”

From the evolution of online gaming to the advancement of mobile key-card access to hotel rooms, Las Vegas is now on the precipice of a new, tech-drenched beginning. And all that matters today, as Lunden argues, is that we concentrate on the “bigger picture” by looking hard for the biggest tech possibilities for the casino and gaming industries in Las Vegas.

“Neither Rome nor Vegas’ approximation of it, Caesar’s Palace were built in a day,” she concludes, “and sans continuous jackpots, there is yet much more good to come.”

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