The decision has surprised some but the ruling is a testimony to the hard work that the property has been putting in over the past months. The venue is located 12 miles from the Las Vegas Strip, but it still offers an exclusive experience to guests.

The property is known for its excellent amenities that easily rival those of the main Strip properties, which is one of the reasons why the hotel was distinguished with the high honor. Although the location may not be ideal to some, the exclusivity of the experience is coveted with reservations for the recently introduced Lotus of Siam going back months in advance, for example.

Red Rock Resorts, the operator of the property was pleased to have received the distinction. Red Rock has plenty to offer when it comes to overall guest experience with the gaming floor featuring everything you would expect from the casino including a sportsbook, poker room, and many popular casino games.

Yet, it’s the availability of diverse food and drink places and great resting options that really crown the Red Rock image as the best accommodation in Las Vegas you can book.

Red Rock Not the Only Distinction According to Forbes

Red Rock may be the prime choice when you are looking for good accommodation in Las Vegas, but Wynn Las Vegas is the best venue when it comes to luxury, Forbes believes. The publication has already awarded 24 five-star awards to Wynn Properties so far in 2023, with many of the company’s distinguished properties based all over the country, and even in Macau, and understandably – the Las Vegas Strip.

As to the best hotel design, the distinction went to MGM Grand and its Skylofts. In terms of pure amenities, though, it wasn’t Red Rock that won but once again Aria, another MGM property. Overall, the competition on the Las Vegas Strip is fierce and there is a clear seasonability as to who crowns the hospitality rankings each year. This is good for consumers who are just looking for the best experience possible.

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Forbes’ 37th Annual World’s Billionaires List, which was published this week, features 28 individuals who have made their fortunes in the gambling industry. 

Dr. Miriam Adelson Tops Forbes List of Wealthiest Gambling Industry Magnates

The majority of the individuals who made their fortunes through gambling businesses are from the United States, accounting for nine of the total. Japan and Hong Kong follow closely, with four and three billionaires, respectively. Sweden, Malaysia, and the United Kingdom each have two billionaires on the list.

One of the most prominent names is Dr. Miriam Adelson, who inherited her fortune from her late husband Sheldon Adelson, the founder of Las Vegas Sands. Dr. Adelson is the wealthiest magnate on the list, with a net worth estimated at $35 billion. Her fortune increased by $7.5 billion from the previous year, thanks to the rebounding shares of Las Vegas Sands after the pandemic lows. She is currently the 35th-richest person on the planet.

Another notable gambling industry billionaire is Lui Che Woo, the founder of Galaxy Entertainment Group. With a personal net worth of $13.9 billion, Woo holds one of the six casino licenses in Macau. He is also the oldest gambling industry billionaire on the Forbes list, at the age of 94.

Besides Dr. Adelson, other familiar faces from the United States on the list include Elaine and Steve Wynn, William Boyd, and Tilman Fertitta. It is worth noting that Fertitta is listed under the food and beverage category.

Falling Stocks and Rising Interest Rates Result in a Down Year for Billionaires Worldwide

According to the data in the Forbes’ 37th Annual World’s Billionaires List, the past year has not been kind to the world’s wealthiest individuals, as a multitude of factors has contributed to a decline in total billionaire wealth and the number of billionaires globally. 

Turbulent times in both public and private markets, coupled with falling stocks and rising interest rates, have resulted in a down year for many of the planet’s richest people. Over 50% of billionaires around the world have seen their wealth decrease, including Elon Musk, who has fallen from his perch as the richest person on the planet after the pricey acquisition of Twitter. In total, 254 people have lost their billionaire status altogether. 

Bernard Arnault, the head of luxury goods conglomerate LVMH, now tops the list as the wealthiest person globally, making him the first French citizen to do so. 

Despite the decline, the United States still boasts the largest number of billionaires, with 735 individuals collectively worth $4.5 trillion, followed by China with 562 billionaires worth $2 trillion, and India with 169 billionaires worth $675 billion.

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