Even though all the big Las Vegas hotel casinos are working hard to draw more Vegas visitors this year with price cuts and vouchers, their slot machine business is dropping. And while Las Vegas slot machine business makes up about two thirds of Las Vegas, Nevada’s income, it’s not such great news for the Las Vegas casinos.
According to the Gaming Control Board, gamblers wagered $1.1 billion less in slot machines than last year. Slot machines on The Strip are down half a billion dollars. This signifies a drop of 12% in comparison to last year. With drivers shelling out more than $4 per gallon for gas, bettors are really having to save money nowadays. Although with the price of gas dropping, these numbers may change in the next few months.
Las Vegas casinos aren’t really concerned about this slump in slot machine proceeds, the latest figures show that table game play is actually going up. On The Strip the volume for table games is up 5 percent, with baccarat play up 15 percent and blackjack on the rise at 7 percent. This might seem like good news but, the truth is that Vegas hotel casinos took in 21 percent less in July as a result of some lucky bettors as well as bettors taking home a larger percentage than customary.
The famous saying, “The house always wins”, might have been the norm in the past. But as these reports tell us, casinos are having a harder time making a profit than before. This could be the best time for bettors to start using their hotel casino coupons, taking advantage of rebates, and using their frequent flyer miles. With the Sin City casinos having a run of bad luck, this could be the most convenient time for you to take a long vacation in Las Vegas.
0 comments:
Post a Comment