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Nevada Casino Win Drops 14 Percent

By Chuckmonster on Friday, 11th January 2008 3:10pm
  » filed under Las Vegas  comments: 2

   

Nevada's casino win for the month of November 2007 dropped 14 percent compared to November 2006. "Experts" attributed the slump to a decrease in the number of high rollers - baccarat play was down 61% - and a lack of any major events during the month.

I can't help but think that maybe we - as a collective gambling community - are hip to the casinos game these days. They've been ratcheting down slots, yanking out full pay video poker, 6:5 blackjack is taking over and lots of bj and craps tables are being replaced by high house advantage carnival games like Three Card Poker, Let It Ride, Caribbean Stud and more.

Could it possibly be that visitors have started to realize that there is NO beating these changed games and are spending their money elsewhere - shows, food, shopping, lap dances?

Are you more or less likely to gamble when you visit Las Vegas now then you were three - five years ago? If you are less likely, what has changed to make you less likely?



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Comments & Discussion:

As I have mentioned before, and I will say it again "Vegas" is no longer about gaming. It is about a larger than life experience. Look at the financials for the "Casino's". More and more, its all about the food and the fun. I am a gambler, but recently when I have been out there, I almost feel ancillary to the actual casino.
Furthermore, with the advent of Macau, the Asian big money demographic is not going to make it out to Las Vegas, why should they?
Now any schmuck can get a suite, it use to be you had to be a player to get one. The pit boss had to know who you were before you got juiced in to a good table at a show or a restaurant, now it's different. Anybody can get in anywhere the bloom is off the rose.

Years ago, Vegas sole survival was determined by the turn of a card or the pull of the one arm bandit. With the advent of big name shows, ultra lounges and celebrity ran restaurants/clubs, gaming has taken a back seat. Not to mention the asian gaming market (once a huge contributor to the coffers) is now being redirected to Macau. Now, the european market, besides the North/Latin America, should be a refocused target.

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