Well it’s been a long and tough road the last couple of years for those big luxurious Vegas casinos. On the plus side pretty much all those Las Vegas casinos have hotel rooms attached to them and in the first half of this year the amount of people occupying those rooms is on the rise. Based on some of the tourism statistics that I have been reading lately in the news has the amount of tourist visiting Vegas up by more that four percent over the same time last year.
The amount of tourist visiting the city of lights that never sleeps is the good side of what is happening for Vegas this year. However for every positive unfortunately there are also a negative side and for Vegas that is the amount of money the casinos is bringing in is down. So let’s be clear about this the amount of people coming to visit the Vegas strip is up by over four percent however the revenue that the casinos are bringing in is down by over six percent.
So what is the deal with that there are more people coming to the gambling capital of the world and the people are just not? Yep that’s right more people but less gamblers…..you can’t tell me that more people are suddenly winning more at the casinos. That would be highly unlikely and I am not a gambler by no means, it is however that is the concept of gambling that the house wins and you the gambler looses. So what is the deal here? Are people just not gambling as much or has Las Vegas become more of a family tourist attraction and not the gambling city powerhouse that it once was?
Let’s face it there are a lot more places to gamble now a days from Indian reservations to towns and cities around the whole country bringing in slots and in some cases gambling tables to help replace their own revenue coming in to their townships. It’s a whole new world when it comes to gambling your money away and the only destinations to do it were either Las Vegas or Atlantic City.
So how is the city of Las Vegas handling the continued downward spiral of gambling revenue well guess what all you tourist, all those hotel rooms that you are occupying are going up in prices. Oh joy the average price of hotel rooms in the last year have gone up over six percent in the last year with the average price being around $90 dollars.
So what do you think internet? Have you made any trips to the Vegas strip lately? Have you gone there simply to see the sights and not done any gambling? Leave your interesting comments or responses in the whosie whatsie down below.
