Vegas Slot Players are trying to save money
Despite the fact that all the popular Sin City hotel casinos are working hard to attract more Las Vegas tourists this year with rebates and vouchers, their slot machine business is dropping. And seeing that Vegas slot machine business makes up about two thirds of the state’s earnings, it’s not such great news for the casinos.
According to the Gaming Control Board, Las Vegas gamblers are betting $1.1 billion less in slot machines than last year. Slot machines on The Strip are down half a billion dollars. This corresponds to a drop of 12% compared to 2007. With drivers paying more than $4 per gallon for gas, gamblers are really having to budget their spending nowadays. Although with the price of gasoline on the decline, these figures might change in the next few months.
Las Vegas casino hotels 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 Las Vegas 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 won 21 percent less in July because of some lucky bettors as well as bettors taking home a larger percentage than typical.
The popular saying, “The house always wins”, may have been true in the past. But as these reports have shown us, casinos are having a harder time making a profit than before. This could be a great time for bettors to start cashing in their Las Vegas vouchers, taking advantage of discounts, and using their frequent flyer miles. With the Las Vegas, Nevada hotel casinos having a run of bad luck, this could be the best moment for you to visit some of Vegas’ most popular casinos.
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