[Jukesgrrl]

An article on MSN Money, credited to the Motley Fool Staff, explores an important issue related to the future success of the casino gaming industry in Las Vegas.

"If you've read much about millennials and the gaming industry, you've probably noticed a pattern: Virtually every article notes that they aren't into casino gambling, then presents at least one of four magic bullets sure to save the gaming industry from 'them.' ... But with particular regard to the subject of millennials, it's important that we think about this correctly -- because there's one pretty big detail that's been universally overlooked: There is not a shred of objective evidence to support the idea that there's anything unusual about millennials in terms of their propensity for casino gambling."

Here's a link to the article:
The Millennial Problem: The Problem with the Casino Millennial Problem

The authors explore potential future problems related to maintaining the flow of gamblers' money into LV, but maintain that to blame those issues on millennials' lack of interest in casino gaming will not provide any helpful answers.

[yellowsnow]

I thought it was a pretty good article. But I don't think it's really a millennial issue. It's a greed issue. The odds have always been in the casinos favor but as the article said a couple times; over the last 2 decades or so, they keep jacking with the odds and making it even harder to win. If you want people to gamble, they have to win enough to keep it interesting. And the millennials weren't old enough to gamble when the odds were better so all they know is that their $100 lasted 5 minutes so they would rather go out to dinner. They didn't win enough to think of it as fun. They got no play for their money.

If the casinos cared about their future, all they need to do is roll back the odds to 1990 or so. The casinos would be full all the time. The millennials would be there too. And let's say only ONE casino was smart enough to do this... They would blow all the others out of the water! If I was in the casino business I would do this! This isn't what the casinos want to hear but I think it's the answer.

I know I used to love gambling. For the price of dinner and a movie, you could have a ball all evening. Now you might as well just drive by the casino and chunk money at them. You pretty much know you are going to lose. Back then you thought you would probably lose but you knew it was possible to win! And that's a huge difference.

[BWNLV]

It's not gambling if you never win, it's donating. Donating is not fun (especially if you have to pay to park in order to donate).

[BBMW]

There's one form of gambling millennials seem to like, but the casino companies don't, poker.

[Jukesgrrl]

Originally Posted by yellowsnow

I thought it was a pretty good article. But I don't think it's really a millennial issue. It's a greed issue. The odds have always been in the casinos favor but as the article said a couple times; over the last 2 decades or so, they keep jacking with the odds and making it even harder to win. If you want people to gamble, they have to win enough to keep it interesting. And the millennials weren't old enough to gamble when the odds were better so all they know is that their $100 lasted 5 minutes so they would rather go out to dinner. They didn't win enough to think of it as fun. They got no play for their money.

If the casinos cared about their future, all they need to do is roll back the odds to 1990 or so. The casinos would be full all the time. The millennials would be there too. And let's say only ONE casino was smart enough to do this... They would blow all the others out of the water! If I was in the casino business I would do this! This isn't what the casinos want to hear but I think it's the answer.

I know I used to love gambling. For the price of dinner and a movie, you could have a ball all evening. Now you might as well just drive by the casino and chunk money at them. You pretty much know you are going to lose. Back then you thought you would probably lose but you knew it was possible to win! And that's a huge difference.

I hear ya. The first time I ever touched a slot machine was in the Atlantic City Playboy Casino in the early 1980s. (Don't ask ... not the kind of place I would normally go.) I took $60 to gamble with (maybe worth $100 today?) That $60 lasted for at least four hours. Then we went out to dinner. I had a blast.

A short time later, on my first day of my first visit to Vegas, I hadn't even checked into my hotel and I pulled a slot lever at the Flamingo Hilton and won $364. Based on those two experiences I had a very kind view of "gaming." Forty-odd years later I've never had another experience even remotely like either of those. I don't touch slots any more. I never expected to win more than I lost over a time, but no way am I going to keep playing when it's all lose and zero win.

Originally Posted by BBMW

There's one form of gambling millennials seem to like, but the casino companies don't, poker.

And ironically, it's one thing that really does qualify for the term "gaming." I get that casinos prefer that term to "gambling" but poker's one thing that's not strictly a game of chance.

[Caltovegas]

To win at slots you have to spin with a good sized roll and bet the max.

[yellowsnow]

Originally Posted by Caltovegas

To win at slots you have to spin with a good sized roll and bet the max.

This seems to be true. I do think minimum bet players almost always wipe out very quickly.

[Tek_Freek]

I have never been a slots player. Once in awhile, but rarely.
m
Used to ply Blackjack a lot, but that waned whbut en the cost per play went up (again and again) and Blackjack odds changed from 3:2 to 6:5. You can still find good tables, I got tired of tracking them down.

We've been here two years and not gone to a casino to gamble yet. I keep mumbling about going, but.

I agree that turning back the calendar would benefit casinos, but it will never happen. I doubt those running them are smart enough to figure it out. I know that statement will get some argument, but I will stand behind it.

[LasVegasPlayer]

Binion's and Riviera both tried the concept of rolling back the clock on gaming odds. Riv introduces single zero roulette, 1000 times craps and single deck 3:2 blackjack. Binion's tried something similar before Riv. Both failed to generate the action they hoped for and went back to typical market gaming.

That does not mean making things worse is better but it seems the masses don't flock to good games in the tourist areas. Just play at locals casinos for decent blackjack rules and good video poker pay tables.

[Tek_Freek]

Single deck 3:2? How many players does even touch?