Las Vegas Casinos Had Better Turn Revenue Figures Around
Casino gambling on the Las Vegas Strip has hit an all time low and for the first time ever, free uk casino owners are beginning to wonder about the future of their business.
The economy is only one of the reasons why revenue dropped nearly twenty five percent in the month of October. In addition to the economy, casino expansion around the country is severely hindering growth on the Las Vegas Strip.
“people used to be forced to travel to Las Vegas if they wanted a five star gaming experience. Now, those same people have options, and some of them do not even have to travel a mile to get to those options,’ said industry insider Frank Libiriti.
Back in 1983 records began being kept regarding revenue on the Strip. Since then, the percentage of decrease in revenue has never been as high as it was in the month of October.
Last year, casinos on the Strip reported a win of $640 million. That figured has dropped all the way to $475 million this year. The bad news for casino tables on the Strip is that this may not be the low point for long.
“With the way the economy is going, the revenue numbers for these casinos may drop even farther before it gets better. Some of the casinos may not even survive,” Libiriti predicted.
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