Magazine article Business Credit

Credit and Entertainment Meet on the Vegas Strip

Magazine article Business Credit

Credit and Entertainment Meet on the Vegas Strip

Article excerpt

Credit managers usually don't like to take a gamble on a big credit risk. However, those who occasionally play a number in a state lottery may want to play the number "111,"from June 10-13. That's when the National Association of Credit Management holds its 111th Credit Congress in the city known for gambling as well as being the world's entertainment capital-Las Vegas. It will take place at Bally's Las Vegas, located on Las Vegas Boulevard, which is better known as the Las Vegas Strip, Almost 30 world-class casinos line the strip.

Credit Congress attendees will be right in the thick of the entertainment and other festivities offered by the "City of Lights," a moniker inspired by the city's spectacular neon lights and signs. Bally's has a prime location on the corner of Flamingo and Las Vegas Blvd. The monorail stops right near the back of Bally's and you can walk over to the Paris Las Vegas without ever going outside. The City of Las Vegas and surrounding communities have become a marvel of modern economic development and growth, fueled in large part by the burgeoning entertainment industry. Once known mainly for its gaming attractions, the city has transformed itself more into an entertainment venue for the whole family. While there's still plenty of gambling action for the high rollers, entertainment and other activities abound for those not inclined to high-stakes risk taking.

Early Las Vegas Is Part of the Old West

What may not be readily apparent amidst the neon light displays of modern-day Las Vegas is the rich history of the area. It is a history steeped in the American Old West that goes back before European settlement to the days of the Spanish domination of the entire region. Hidden for centuries from all but the indigenous Southern Paiute Indians, the Las Vegas Valley oasis was protected from discovery by the surrounding harsh and unforgiving Mojave Desert. According to historical accounts, water was the main reason the first non-Native Americans were drawn to the Las Vegas area. Mexican trader Antonio Armijo, leading a 60-man party to Los Angeles in 1829 while heading north and west along the Old Spanish Trail from New Mexico, veered from the accepted route and through the valley where Las Vegas is located. The Spaniards referred to the route through the valley as "jornada de muerte," journey of death. While Armijo's caravan was camped Christmas Day about 100 miles northeast of present day Las Vegas, a scouting party rode west in search of water. An experienced young Mexican scout, Rafaël Rivera, left the main party and ventured into the unexplored desert. Within two weeks, he discovered Las Vegas Springs. Las Vegas is Spanish for "The Meadows," which were formed in the harsh desert of the area from water reaching the surface from natural artesian springs. Those springs have since dried up.

The shortened Spanish Trail to Los Angeles eased rigors for Spanish traders and hastened the rush west for California gold between 1830 and 1848. Some 14 years after Rivera's discovery, John C. Fremont led an overland expedition west and camped at Las Vegas Springs on May 13,1844, while it was still part of Mexico. Las Vegas remembers his name to this day. The Fremont Hotel-Casino in Downtown Las Vegas bears his name, as does Fremont Street-the main thoroughfare through the heart of casino-lined Glitter Gulch, also known as the Fremont Street Experience. Located here is a fourblock-long canopy that is actually the largest lighted outdoor sign in the world. It is an amazing sight and there is a spectacular animated light show every hour that runs along the entire length of the underside of the canopy.

Mormon settlers from Salt Lake City traveled to Las Vegas to protect the Los Angeles-Salt Lake City mail route and in 1855 began building a 150-square-foot adobe fort. The harsh conditions and religious disagreements forced them to abandon it two years later. The fort constitutes the first non-Indian settlement in the region and is still located on the corner of Washington Avenue and Las Vegas Boulevard. …

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