Daily Tip: Vegas Revenue Down! What Does This Mean for Visitors?
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- เผยแพร่เมื่อ 25 เม.ย. 2024
- cdcgaming.com/nevada-posts-fi...
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I’m just an average guy that could have a great time in Vegas. Reasonably priced food, hotels, terrific entertainment and of course gambling. My last trip was the year before Covid. I saw Diana Ross, Elton John and Aerosmith. After Covid no top entertainers, expensive food and hotels and high cost air flights. The local Native American casinos offer me free hotel, free food and decent discounts to second level entertainment. I realized Vegas was aiming for those that had a lot more money than me.
Totally agree!! Years ago when we had the big recession, we received offers to Elton John, Bette Midler, Barry Manilow, etc. concerts. And we went bc I knew this would probably never happen again.
And currently we’re enjoying our local casinos bc we get nice comps compared to the more expensive trips to Vegas.
casinos in Canada are in trouble too! My friend works HR for 4 major casinos here and they are laying off staff, canceling renovations etc due to this. People are having trouble affording basic expenses let alone gambling!
This could be a crunch we all feel, if they are doing it in canada as well , this could be just the first sign, we will have to keep watching to find out!
MGM GIVE ME MY COMPS BACK & I'LL COME BACK DUMMIES! Hope their numbers stay down will be good for us smarties! Cheers
Let’s hope we see that coming back.
Wouldn’t that be nice.
I agree. They don't comp hardly at all. I was getting more freeplay and more food credit. Now it's about a third of what it was. Sad....and I've lost 10x as much as before.
Staying and playing local is cheaper and still getting comps.
No resort fees. Free parking. Nice restaurants and pretty good food court.
Pechanga is nonsmoking which is great for seniors and others .
We’re perfectly happy staying in California and playing at our local casinos.
If we go to Vegas, we have to pay for airfare, Uber or shuttle to and from the airport from home and then again to and from the airport in Vegas to our hotel.
We’re budgeted low rollers who enjoy playing the slots for fun.
There are many seniors just like us in the local casinos.
Vegas is out of touch with the average person. If they ease up on expenses it won't last.
Yep. I’ve been to Vegas the last 3 years. Can’t afford to go this year. Between inflation, slow work and higher Vegas costs it’s just not affordable.
No wonder I'm losing and losing and losing! I guess the RTP percentage changed a lot! Down is an understatement! In a local, and I want to quit gambling, it is just not fun at all!
Great video and insight! Casino Magainze has an article this month on how slot machine education (and gambling education in general) is beginning to hurt Las Vegas. Although it's tiny, every penny counts when running a for-profit organization.
See I have the opinion that smarter gamblers lead to more frequent trips as they are not losing and going home upset.
You are correct. I just got a mailer from Four Queens. I usually get a bogo on free nights and $20 free play, but now they are giving me two free nights and $40 free play. Daddy needs a new Ferrari!
Hi Dave. Was very interesting review. What I was very taken with is yr including the Super Bowl in yr description as a factor. When announcers tell u info they never include all the facts, where u do. Bravo to you.
Will be looking forward to yr review next month on this.
Enjoy yr weekend😊
I just say it like it is :) thank you janet
Im not paying 14 dollars for a beer after i just.lost 2k in their tight machines ans rigged roulette
Put $20 in the video poker at the bar and drink for free.
how much do you have to win to pay 14 for a beer? Please explain how that works.
How much you you have to win to pay 15 for a beer
@@DrSchor Thats a tuff one..just a sec
Happy Friday!! I am headed to Vegas on Sunday. My usual Southpoint had NO offers for me other than a 10% discount on room rate. My boyfriend has been working there at the USBC tournament and he says the machines are not paying. The comps are not any better here at home in Biloxi/Gulfport, MS.
Another reason may be that people watch the TH-cam videos about how crazy and crowded and dangerous Vegas can be.
Plus many state have their own casinos now and with inflation, it’s cheaper to gamble locally.
Morning Dave thanks and have a awesome weekend
I just spent the last week there, Vegas is packed. A few days at Fontainebleau and a few at Durango. Most people just wander around getting selfies, I guess.
I think the average person is tired of getting fleeced in Vegas. $11 for a beer on Fremont, that is only $66 a six pack not including the "required" tip. With prices like that Fremont should be well into the black. Come on man. Not to mention the ever rising "resort" fees. Vegas can only take, take, take for so long then the whole experience tends to leave a bad taste in the customer's mouth. Also, could the down turn have anything to do with the crappy economy? 🤔
Lots of factors play into a downturn, economy is one, player sentiment ( like you mentioned) is another. We will see where this goes.
@@GambleSmart
Players’ sentiments are pretty much valid. They see the constant construction and orange cones backing up traffic on the streets and freeways. The F-1 really impacted mobility.
The heat is ramping up,too.
Who wants to drive 4 hours or more in the heat if there are closer local casinos.
Tony Roma’s in the Fremont currently has a great special on prime rib dinner for about $10. We had it and it was delicious.
The same thing is happening in Reno.
Gas is back up to $ 5.00 . Grocerie prices keep going up. People can not afford the basics and it is getting worse. I'm going to hate to see what it is going to look like in December.
Right now my apartment rent is
$ 1625.00 a month for a 2 bedroom
Here in the heart of L.A., my tenant pays about the same for a 2-bedroom duplex with full living and dining rooms and laundry room for about the same price. We could actually rent it for more than $3,000 a month, but we don’t need the headache. He’s quiet, pays on time, non-smoker, no pets, etc.
We’re retired seniors who love the peace and quiet.
Thanks for the info Dave. Congratulations on the subscriber count. 😀😀
Glad you enjoyed! thank you jj!
I never understood Vegas. 90% of gamblers arent the people we see on youtube. 90% of gamblers are betting less than 3.00 a spin. Might as well stay local.
I think more and more do stay local and avoid all the traffic and sometimes seeing more than you care to see on the streets of Las Vegas especially downtown Fremont. It’s not a place where parents should take their kids at night. That’s why families prefer to stay near or on the strip.
Over Time I have become fed up with the RESORT FEES. I now go elswhere.
Because of inflation everywhere, more and more people are staying local if they can still afford to gamble.
The new generation of slot machine are extremely volatile making you loose your bankroll very fast . It is extremely frustrating and pushed me away. Playing slot is not fun anymore
if you lost your money over a longer period, but still lost all, would it be fun again
Great reporting Dave! I hope you are right. I look forward to hearing more news on where we can find great deals.
Oh and just a little bit of a hint... when will you two be having a slot tournament? I'd travel to OK or Vegas for that. 👍😉
We have not talked about this but really if some casino wants us to do one, we probably
will :) more info coming in a short later today.
A lot of layoffs happening even to higher wage earners across all industries. People do not have the discretionary income to spend at Vegas.
You may have hit the nail on the head, as inflation stays high the impact is felt more and more.
@@GambleSmart
Yes!! Here in California, the minimum wage just went up to $20 an hr.
Businesses are laying off workers because they can’t afford paying that amount plus health care insurance for their workers.
So the politicians shot people in the foot by passing this law.
Businesses try to pass it on to the consumers, but those consumers are now the unemployed former workers who being unemployed can’t afford the prices of these businesses.
Almost every restaurant has increased their prices. We now order takeout instead of dining in at the same restaurants.
Can’t believe revenues are down except for the newer cadinos trying to make back their investment by charging for every little thing and the food courts forced to charge higher because of the rent.
There’s sport events occurring so often, that Vegas is hardly ever back to normal.
I need your videos to be 2 to 3 hours long. There's something about your voice that is so soothing. Is that weird??!
yes
Went to Vegas for the first time a couple of months ago I was not impressed, not as bad as I was told it was and not as great as I thought it would be. Comps sucked, low payouts, food was ridiculous, unnecessary resort fees like they don’t make enough on the gambling. $236 fee that was never returned told it would be then told it would not be not impressed at all.
Thanks 😎😎
Sound is low - don't know if it's just me. Thanks for the info.
I’ve been going to mgm since 1968 and am gold allready and received an offer from the mirage of 4 comp nights and 200.00 in free play which matches my trip to bellagio next month. I only played for 3 hours last September at the mirage. Is hard rock having a hard time getting people to the mirage?
they are trying to get mgm players to come back and have essentially new property marketing budget to get those players back.
I am stopping because of their lack of comps..
Totally agree!!
Several years ago when we had the big recession, we were getting offers to see Elton John, Bette Midler, Barry Manilow, etc. even though we were modest gamblers.
Well, we went to those concerts because I figured they would eventually end as the economy turned around.
So glad we went. Saw Elton twice. Don’t need to see him again at today’s prices for his shows.
how does this work at what price would you see him
@@DrSchor That was many years ago. We don’t need to see him again just like we’ve seen Rod Steward a couple of times years ago.
With today’s prices, we don’t need to see celebrities anymore.
These older performers seem to be playing one-nighters at our local casinos these days in California at a more reasonable price than Vegas.
They knew beforehand that their numbers were down. That's when we see machines getting tighter.
They do not adjust the machines it’s too difficult and need to get state gaming commission involved , easier to raise fees or prices.
how could they know beforehand what the numbers were going to be
I went in March and was empty. Dealers were complaining about the low foot traffic. Usually packed at this time of year. Casinos are stingy on comps now because business is so slow
Generally it’s the other way around, when biz is slow they want more people in, so better offers, when it’s been going well , like it has for the last two years and they say why am i giving anything away when there is a line of people to pay for it.
Nice Video.I would never stay downtown not my cup of tea but casinos just getting cheap with the comps and extra fees.They are gonna hurt themselves in the long run the comps cost them Pennies I doubt I’ll be going there any time soon unless I receive some worthwhile offers just not worth it.
Boss, we’re down 12% over last year! Boss replies “better dig a couple holes out in the desert”!
Man I want Vegas to Show Me The Money again, hope this trend keeps going so the comps come back the way they should be.
The entire US economy is down, we have been in a recession for almost 4 years, inflation and crime are at record numbers. What’s next a weather report saying it’s hot in the desert?
You totally understand what is happening. 👏
@@pax0r32 you just have to be a person who works for their money to understand what is going on.
I wonder if that's more significant to the big casino corps because Fontainebleau opened in December, 2023, so that lower number is even more spread out to another big casino. I hope so.
Been to.Vegas a dozen times since 2017 exclusive to MGM. Last time in 2022 got treated to shabby I'm never going back. Too many indifferent garbage people on the staff.
I’ve visited 4 times over the last 12 months and my offers haven’t changed, for better or worse.
I don’t know if that’s good or bad relative to this video.
We got a mailer from The Orleans and I haven't received anything in a while.
It's probably because I just got back from Vegas and I took all their money lol
Good work! keep it up and give none back!!
Unsurprising. The cost for everything has gone up and the odds have gone down. Gambling in Reno or smaller cities is a much better deal, especially if you’re closer to them.
You can still get loss leader deals on food and drinks if you hunt them down but it’s not like it was when you could just go from casino to casino getting hot dogs and tacos.
The places that have good deals like Downtown Grand or Circus Circus should really publicize their offerings. I think people don’t know there are still old school places to go
the casinos on the strip slowly became a tourist trap fewer comps, charge for everything, resort fees (even when the spas and pools are closed), paid parking, fewer free drinks, higher minimum limits, room mini bars that have criminal prices. The downtown casinos are sadly following suit. Lets not forget that the slots are almost all high volatility to high High volatility with only a splattering of medium to the rare low volatility. I really feel that the Cirque de Solei shows are just getting old. The big name concerts sell out fast or are crazy expensive. The F1 showing did not help either all the pre construction just made people go to their local casinos or go to other places. I myself started going to Dallas with a quick trip to winstar and Choctaw. The food is getting expensive buffets are minimal. It falls on government leadership also . room taxes are crazy.
Only a 1.2B profit.How will they ever survive😂😂😂
I think Vegas is declining because there are more and more states opening up casinos, people don't need to fly to Vegas to gamble like they did years ago
And when you fly, you have the added expense of getting to and from the airport to your hotel, and the added cost of either paying for parking your car near the airport of where you live or having to Uber to and from your home unless you have a friend to drive you.
Play local no taxes until Vegas wants to loosen up🎉
1000%!!
And no resort fees.
Vegas revenue is down because: resort fees, parking fees, tight machines, higher room rates, expensive drinks, expensive food, poor service.
Don’t believe Vegas revenues are down.
But local casinos revenues may be up because people can’t afford going to Vegas.
It’s inflation + recession going on. Sadly, it’s only going to get worse. It will be interesting to see what the numbers look like next year at this same time.
To get more people in Las Vegas - MORE NON-SMOKING CASINOS! The current statistics for the United States indicate 11.5% of adults smoke. What percent of casinos in Las Vegas are smoking allowed? 99%? That is bizarre!
You smell stinky weed everywhere on the strip and downtown!! Ugh!!
You’re a stinky weed in the sands of time
Another TH-camr Danny the Mefic paid $15 for a bottle of pressed juice!
Unbelievable!!
People need to stop going to Vegas for a year to bring Vegas back to its senses. Everything in their right now is expensive. Resort fee? No free parking i most casinos? Hotels are more expensive.
Only a big recession like years ago would do that.
I have 6 casinos within 3 hours of where i live in Ohio. Why go to Vegas? That is the issue.
Same in California and some still give pretty good comps at least for us modest gamblers.
Last time at Pechanga saw people walking around all day picking up their comped set of pillows.
because no place is like vegas
There all too greedy...spend 300 to get a 17 dollar bonus 👀 hard pass buy BTC and HLD 😆
Families visiting Vegas don’t want their children seeing women and men on Downtown Fremont with hardly any clothes on and walking among homeless and prostitutes and who knows what else plus the constant smell of marijuana.
why is that different from last year
Great stuff Dave. Information is power! 👍
Thanks for that!
Please increase your volume on your mike.....I have a hard time hearing you....
your mike is low lol
After hearing how expensive going to LV is, I will not go again unless they smarten up and make things more affordable for everyone and Canadians. It's bad enough buying USD for us to play slot machines. The resort fees are a joke imo. I never use the 'resort'. I go to casinos to play slot machines. Cheers! 😘🍀🍀🍀🌹
We can only hope that there is a turn back to player focus and those that return year after year.