Vegas Casino To Accept Canadian Dollars At Par In Bid To Lure Northerners Back To Sin City
A Las Vegas casino owner is accepting Canadian dollars at par to attract Canadian tourists amid declining visitor numbers.Summary
Las Vegas casino owner Derek Stevens is implementing a promotion to attract Canadian visitors by accepting Canadian dollars at par with U.S. currency at his Circa, D Las Vegas, and Golden Gate properties until August 31st. Currently, the Canadian dollar trades at 1.38 to the U.S. dollar, providing Canadians with an approximate 30% discount on hotel stays, bar tabs, and up to $500 in casino play. This initiative responds to a decline in Las Vegas tourism, which has fallen for 11 consecutive months, impacted by high travel costs, economic uncertainty, and strained U.S.-Canada relations. Stevens aims to “invite Canada back to Las Vegas,” referencing past promotions and a desire to rebuild ties, as fewer Canadian travelers have significantly contributed to the downturn. The move highlights a broader concern among casino operators to aggressively attract international visitors to overcome a prolonged slowdown.
(Source：Zerohedge)