Even though all the popular Sin City hotel casinos are pulling out all the stops to draw more Las Vegas visitors this year with discounts and vouchers, their slot machine business is dropping. And while Vegas slot machine business creates about two thirds of Sin City’s profits, it’s not such great news for the casinos.
According to the Gaming Control Board, Las Vegas gamblers are betting $1.1 billion less in slot machines than last year. Slot machines on The Sin City Strip are down half a billion dollars. This stands for a drop of 12% compared to last year. With drivers paying more than $4 per gallon for gas, bettors are really having to save money nowadays. Although with the cost of gasoline going down, these figures could change in the next few months.
Sin City casinos aren’t really concerned about this slump in slot machine revenues, the latest reports show that table game play is actually going up. On The Strip the volume for Sin City table games is up 5 percent, with baccarat play up 15 percent and blackjack on the rise at 7 percent. Although this increase may look good on paper, the truth is that Strip casinos won 21 percent less in July as a result of some lucky Las Vegas gamblers as well as gamblers winning a larger percentage than normal.
The famous saying, “The house always wins”, might have been the norm in the past. But as these reports tell us, Vegas hotel casinos are are finding it more difficult to make a profit than before. This could be a great time for gamblers to start using their hotel casino coupons, taking advantage of rebates, and using their frequent flyer miles. With the Sin City casinos having a run of bad luck, this may be the most convenient occasion for you to visit Las Vegas and it’s casinos.
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