VEGAS STILL BATTLING
10 April 2009
Gaming revenues continue to slide
Las Vegas land casinos reported a 23.4 percent decline
in gaming revenues to $427.4 million in February 2009,
well down from the $556 million recorded in the
corresponding period a year ago.
Statewide,
casinos won $830.9 million in February, down 18 percent
from the $1.1 billion they won in the same month in
2008.
For the first two months of 2009, casinos
on the Las Vegas Strip won $937 million from gamblers, a
19 percent slide from the $1.1 billion they won for the
same period a year ago, reports Gaming Today.
Although gambling revenues are still headed southward,
the number of visitors to The Strip has remained
relatively steady. In February, there were 2.8 million
visitors, only 8 percent fewer than the 3.1 million a
year ago. And for the year to date, there were 5.6
million visitors to Strip casinos, down just 10 percent
from the 6.2 million reported a year ago.
Airlines flying into Vegas report that passenger numbers
have declined about 15 percent so far in 2009, whilst
automobile traffic to the gambling city from Southern
California has increased by 1.2 percent over the same
period.
Analysts say factors that might adversely
affect visitors’ propensity to gamble include higher
trip costs such as transportation, lodging, food and
entertainment, as well as the expansion of casino venues
throughout the rest of the country.
Also,
according to recent visitor profile studies, the number
of first-time visitors to Las Vegas has reached an
all-time low, which may account for less casino gambling
from guests.
Online Casino News Courtesy of
Infopowa
More news here.
Top of page |
Home |
News |
Forum |
Webcast |
Vortran |
Accredited Casinos |
Evil Ones |
Pitch a Bitch |
Online Gambling Resources |
Poker
|