- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Bullet Train Between Las Vegas and LA Still on Track, Despite Setbacks
Las Vegas has been trying to figure out for years how to make it easier for non-state residents to visit the city’s casinos. One of the largest feeder markets for Sin City, according to studies, is Los Angeles, CA, and an initiative to make it easier for residents of that city to visit, a bullet train has been seen as the most suitable solution.
An initiative to put the rail project on track was begun years ago but never found enough support to cover the multibillion-dollar price tag. That appears to have changed now, however, as the company determined to introduce the bullet train asserts that the construction of the rail line will begin within the next couple of months.
The Train’s Coming, But No One Knows When
Brightline West is behind the construction of a rail line that would initially run from Victorville, CA, to Vegas, about 170 miles away. The Reno Gazette-Journal spoke with the company’s CEO, Mike Reininger, who explained that the line is “a very high priority,” even though funding has been an issue. The concept dates back to 2004 and has repeatedly encountered shortfalls in trying to cover the financing.
Brightline is owned by Fortress Investment Group, which tried to get its predecessor, XpressWest, off the ground last year. It was forced to back down after it couldn’t find enough interest to cover the $8 billion it was looking for. Now, however, Brightline has been able to garner support for private activity bonds provided by the US Department of Transportation, as well as both California and Nevada, to help cover the cost. The bonds have yet to be priced, according to Brightline, due to COVID-19 and “election uncertainty.”
As the COVID-19 pandemic climate begins to fade, despite major economic shortfalls, the project has been given new life. While there is no specific date for Brightline to begin construction, the company is confident that it will be able to break ground sometime during this quarter. There is also no specific date for when the construction will be complete.
Rail Competition Begins to Pick Up
Victorville sits a little less than three hours by car from Las Vegas and the bullet train would travel at up to 200 MPH on a more direct route than the highway. There would still be the need to cover the roughly one hour to Los Angeles for the line to be complete, but Brightline may not be the only company interested in a high-speed train serving the two cities. Amtrak might get involved, as well.
Amtrak has already announced that it might be interested in a bullet train between Los Angeles and Las Vegas, provided the federal government foots much of the bill. An initiative presented by President Joe Biden, the American Jobs Plan (AJP), would inject $2.5 trillion into the country’s economy and would directly give Amtrak $80 billion. The money would be expected to cover existing maintenance needs, update rails and introduce new connections.
The AJP still has to be approved by Congress, which won’t be an easy task. If it is, however, Brightline’s Reininger welcomes the idea of Amtrak getting into the race, explaining, “Everything and anything that gets Americans thinking about, talking about and changing their habits towards trains as an acceptable and desirable mode of transportation, we are fervent fans of. Our service, we believe, will be superior.”
Related Topics:
Erik brings his unique writing talents and storytelling flare to cover a wide range of gambling topics. He has written for a number of industry-related publications over the years, providing insight into the constantly evolving world of gaming. A huge sports fan, he especially enjoys football and anything related to sports gambling. Erik is particularly interested in seeing how sports gambling and online gaming are transforming the larger gaming ecosystem.
Must Read
Business
January 14, 2025
BetMGM & Entain Reaffirm 2024 Guidance amid Mixed Results
Business
January 15, 2025
Crayford Racing Track Confirms Upcoming Closure, Sets Date
Business
January 16, 2025
Bally’s Wants Huge Property Tax Cut for Chicago Casino & Resort
More Articles
Industry
January 21, 2025
Massachusetts Weighs Major Gambling Law Reforms
Industry
January 21, 2025
RSI CIO Takes Leave from Company
Casino
January 21, 2025
MGM Grand Hotel & Casino Embarks on $300M Refurbishing Project
Business
January 20, 2025
GiG’s Sweepstakes Platform Hits the Market with Primero
Casino
January 20, 2025
Mississippi Bill Seeks to End Smoking in Casinos
Legal
January 20, 2025
Genshin Impact Dev Faces $20M FTC Fine over Loot Boxes
Legal
January 20, 2025
LV Court Dismisses $11.2M Judgment Against Trey Songz
Legal
January 20, 2025
Legal Battle Between Kalshi and CFTC Intensifies
Casino
January 20, 2025
Eklutna Tribe Works Fast on Birchwood Casino Project