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Old 10-05-2012, 02:38 PM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,168,024 times
Reputation: 3900

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Quote:
Originally Posted by Willy702 View Post
Casinos don't need the revenue as much as people think. If a young person brings in $500 to blow on high margin activities like clubs and spending the day by the pool the fact that they don't step foot in the casino doesn't matter.
Yep....

Since my first day living in Vegas I have helped several friends and family spend thousands upon more thousands of dollars without stepping foot on the gambling floor. If we do cross the casino floor(to leave one venue to the next) someone may put some bills on the roulette table, lose, then leave. Thats about 5 minutes of gambling.

I always get Facebook messages that start out.... "what's up, I will be coming your way soon, can you hook me up and show me all the best places to go?"

I reply "Sure. Just let me know the dates as time gets closer. You plan on doing any gambling when you get here?"

They reply "not really into the gambling thing, what about the other stuff?"


I had one buddy tell me he wanted the movie Hangover experience.






Sent from cell...
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Old 10-05-2012, 03:29 PM
 
15,868 posts, read 14,506,290 times
Reputation: 11986
^
Last year, the strip alone won $6 Billion. Someone it playing. That isn't counting the rest of Vegas and the rest of NV.
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Old 10-07-2012, 12:26 AM
 
16,398 posts, read 30,317,791 times
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Quote:
Originally Posted by Llew View Post
Cost, convenience, weather, and destination activities are four factors that will draw gamblers away from Las Vegas.

Cost: the cost of a plane ticket, rental car, food, hotel, etc. Some people will forego the Vegas atmosphere and selection if they can gamble in their neighborhood or online and avoid paying for all that other stuff. The more "local" casinos and online gambling destinations that exist, the more of these people that Vegas will lose.

Convenience: the time it takes to plan a trip and travel to Las Vegas may not be worth it to some people when a local casino opens or gambling is available from their browser.

Weather:Most people would rather not be outside in 100+ degree heat. When there are other options in areas with more appealing weather, some people will opt for those instead.

Destination activities: Vegas has its restaurants, shows, and nightclubs. But what about casinos at ski resorts, tropical beaches, wine country, or other traditional vacation areas? Once these become more common, Vegas will lose those people who want gambling combined with these other things that Vegas can't offer.

First, many of the local casinos throughout the country are small fortresses that offer gambling only. And so may of the ones that I have been to in Louisiana, Mississippi, Illinois, Iowa and Indiana have been very depressing. Most of them have very high minimums, offer little in the way of amenities and the like.

Second, Las Vegas is generally a non-stop flight from most of the largest markets. Most people seem to find time for a 3-4 day trip to Las Vegas.

Most of my trips to Las Vegas are October - April. Las Vegas does not have the greatest weather in January BUT it is a whole lot better than walking down Lakeshore in Chicago that time of year.

I don't see a lot of casinos going up in "traditional vacation areas" throughout the country,


I am NOT a gambler. On my last trip, the ONLY gambling that I did was a couple of hours of blackjack at the Hacienda in Boulder City. But despite this, I had an absolute blast in Las Vegas.
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Old 10-08-2012, 12:12 PM
 
Location: Las Vegas, NV
2,114 posts, read 2,350,375 times
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Las Vegas will do fine. One thing that casinos in other locations can't duplicate is the overall experience. Walk out onto the Strip, especially at night, and there is an incredible amount of visual stimulation. Another thing they cannot match is the chance of winning. Nevada casinos are tightly regulated, and their percentage of take is limited by state law. In a tribal casino (which is what most of the casinos in other states are) you have no such regulation, and they can take whatever percentage they decide to take. A slot machine is the same wherever you go, but one will take your money much more quickly than another.

A couple of years ago we spent two days in Palm Springs. The hotel where we stayed did not have a casino, but there were several nearby. Curious, we went into one of them to check it out. The first thing we noticed is that the machines were the same as the ones we have seen in Vegas casinos, but they were at least one coin denomination higher than what we were accustomed to seeing. Penny slots were nonexistent, and the minimum denomination on most machines was 25 cents - including the multi-payline, muti-coin types that are typically penny or nickel slots here. We didn't see a lot of winning going on either. Most people were leaving their machines without printing out tickets, meaning that they lost everything they put in.
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Old 10-03-2013, 01:26 AM
 
15 posts, read 17,606 times
Reputation: 19
Kind of worthless without hard numbers for Las Vegas, but this article does seem to back up my original argument, a year later...

Moody's: Established Gambling Markets Faltering - ABC News
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Old 10-03-2013, 05:30 AM
 
176 posts, read 264,714 times
Reputation: 164
Quote:
Originally Posted by Llew View Post
Kind of worthless without hard numbers for Las Vegas, but this article does seem to back up my original argument, a year later...

Moody's: Established Gambling Markets Faltering - ABC News
If neighboring California legalized casino gambling? Gambling has already been legalized in California for decades.
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Old 10-03-2013, 05:40 AM
 
Location: Bangkok, NYC, and LV
2,037 posts, read 2,992,215 times
Reputation: 1128
Quote:
Originally Posted by orca17 View Post
Las Vegas will do fine. One thing that casinos in other locations can't duplicate is the overall experience. Walk out onto the Strip, especially at night, and there is an incredible amount of visual stimulation. Another thing they cannot match is the chance of winning. Nevada casinos are tightly regulated, and their percentage of take is limited by state law. In a tribal casino (which is what most of the casinos in other states are) you have no such regulation, and they can take whatever percentage they decide to take. A slot machine is the same wherever you go, but one will take your money much more quickly than another.

A couple of years ago we spent two days in Palm Springs. The hotel where we stayed did not have a casino, but there were several nearby. Curious, we went into one of them to check it out. The first thing we noticed is that the machines were the same as the ones we have seen in Vegas casinos, but they were at least one coin denomination higher than what we were accustomed to seeing. Penny slots were nonexistent, and the minimum denomination on most machines was 25 cents - including the multi-payline, muti-coin types that are typically penny or nickel slots here. We didn't see a lot of winning going on either. Most people were leaving their machines without printing out tickets, meaning that they lost everything they put in.
Roger that....no other vice mecca has anything on the City of Sin...
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Old 10-03-2013, 10:44 AM
 
Location: Paradise Palms, Las Vegas, Nevada
555 posts, read 1,260,090 times
Reputation: 712
Quote:
Originally Posted by Llew View Post
Kind of worthless without hard numbers for Las Vegas, but this article does seem to back up my original argument, a year later...

Moody's: Established Gambling Markets Faltering - ABC News

CARSON CITY, Nev.: Nevada casino winnings up 11.2 percent in August | Business | ADN.com
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Old 10-03-2013, 04:59 PM
 
176 posts, read 264,714 times
Reputation: 164
Jackpot! Las Vegas attracted record number of visitors in 2012 - TODAY.com
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Old 10-03-2013, 05:45 PM
 
Location: Minnesota/ Las Vegas
206 posts, read 241,034 times
Reputation: 573
Las Vegas can do something that the Indian casinos cannot: it is constantly reinventing itself. All the casinos in Minnesota, for example, are for the most part, the same; no huge difference. And, other than casino gaming, they don't offer much to the younger crowd on a steady basis. And this is the demographic that corporate Las Vegas gaming knows is their future. They will be the ones to spend their money in the coming years.

Vacations and the discretionary income that is spent on them is not the same as they were two or three decades ago. Corporate Las Vegas resorts knows this and, as you can see, they are betting heavily on the younger ones to support them. When travel for pleasure comes to mind they want the twentysomethings to think of Las Vegas first. I believe they will be successful at this strategy. We all know that Las Vegas is not the same as it was two or three decades ago. The big boys have seen to that and have positioned themselves favorably to acquire their share of America's discretionary spending. Now all they need is a stronger economy. There isn't much they can do about that, but when it bounces back they will be ready.
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