Hmmmm.....maybe some casino managers NEED to pay attention to revenue numbers!

[MJGolf]

This is a CNBC article. It's not really detailed and someone like Norm or who has access to Vegas numbers might be able to flesh it out a little. But I thought it was interesting that revenue AND percentage profit from the drop or casino gambling revenue was falling. The author's analysis makes sense but he may not be seeing the real reason. I don't think that John Q "Gambling" Public is turning over or churning their money as much because the games are getting WORSE as to odds...........Old southern saying, "A Pig get's Fat; a Hog gets Slaughtered".

If you increase the house edge; change the rules to make them less player friendly; eventually the masses will catch on and vote with their pocket book. And lower their gambling dollars wagered IF you the casino take their money at a faster rate. Whether it's a direct awareness this is happening.......or whether it's just a feeling..........no matter how, looks like there is a change that reflects the public is becoming aware that their money may not be lasting as long. But of course.........I may be reading too much into the article.......LOL

BUT CASINO MANAGERS maybe.....just maybe I'm right and as Max Rubin and Zender have opined in the past, if you make the games friendlier, your profits and revenue will go UP, because folks will gamble more and longer. Obviously the OPPOSITE is not working.

Link: http://finance.yahoo.com/news/vegas-house-now-winning-little-155758425.html

[winnawinna]

I think the main reason why revenue is falling is because the younger generation doesn't gamble as much as the older generation. Just like the average age of buying a home was 23.5 in 1970 is now 33 years old. Younger people just don't have the money like they used to. Just my two cents!

[Norm]

I think it's more that younger folk are used to video gaming and bored by casino games. Which is why casinos are looking at new video machines that are more like video games.

[ZeeBabar]

I beg to differ. Thousands of people do not need to go to Vegas to gamble. They walk or drive to their local casino. Thus, where someone used to go to Las Vegas several times a year, they can get their gambling fix closer to home and now may go to Las Vegas fewer times to see a show or party.

Vegas is reinventing itself as a vacation/party destination. AC or Tunica failed because they could not. I bet visitors to Las Vegas may hold steady but gambling revenues are lower.

[ZenMaster_Flash]

Casino / hotel revenue in Las Vegas was once entirely dependent upon gambling.

How times have changed! Two people spending 3 days in Las Vegas, I think, can expect

to spend a great deal of money for room, food, shows - maybe between $500 and $1,500

[Freightman]

Casino / hotel revenue in Las Vegas was once entirely dependent upon gambling.

How times have changed! Two people spending 3 days in Las Vegas, I think, can expect

to spend a great deal of money for room, food, shows - maybe between $500 and $1,500

Took my wife a year or 2 ago. 2 name shows with best seats cost about USD 900 - Donny and Marie and Shania Twain. Rooms was comped, food probably another 2 or 300, as it turned output. Took wife, son and daughter inlaw a year or 2 prior to that - 3 named shows - Jersey Boys, Michael Jackson pp(lousy) and Phantom - it was expensive. Gave the kids the room comp and paid casino rate on our room. Wasn't cheap, but it was fun.