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Economy Has Vegas Losing Out

When Mario Ellis won a room at the Excalibur for $24 a night online he drove down to Sin City; a lucky break for this 42 year old UPS driver from Los Angeles. But with his hours and overtime cut this year, his trip would have to be a budgeted one, which meant no fancy restaurants, no gambling for $2000. Just slots and sports betting only – no table games, actually hardly any VIP casino blackjack players come to Vegas now.

This has been the scene in Las Vegas for over a year now with the economic crisis. A city that never slept and was packed with travelers all year round is now seeing casinos with rows of lonely machines and empty tables. The economic downfall has prevented people from spending as much as they used to at the mecca of entertainment. The number of visitors has dwindled down over the year and people who do visit are spending much less. And with over 150,000 hotel rooms Vegas is heavily dependent on convention business, which is just not happening these days.

Taxi drivers are facing the brunt of the situation too. With fewer pickups and minimal tips, money isn’t flowing as it used to. Vegas is suffering even more with airlines cutting on flights to the desert city. US Airways Group Inc. announced that it was slashing arrivals in half!

Luxurious casinos like the Mandalay Bay are offering guests rooms at $109.99 along with a special 2 night minimum promotion that includes an unbelievable 50% discount on suite upgrade, a 2for1 voucher for the meals at the House of Blues Restaurant and other promotions such as $25 resort credits on food, beverage or merchandise and even a 30% discount on tickets to The Lion King. It’s like massacre of the Las Vegas pricing system. It almost looks desperate. And the word is spreading like wild fire. And casinos all over the US are taking notice. When Vegas lowers its prices people believe that they can get slashed rates anywhere else too. With fewer visitors and the forced slashing of prices, Vegas is definitely feeling the pinch. Only time will tell if Vegas will be able to shoot back to its former glory.

If you can’t afford to go to Vegas then save your traveling and accommodation money and go online and play at online casinos.

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