Vegas Revenue Down

Back in May, I posted a short article on how casinos are using fees to increase the cost of visiting/vacationing here. Examples are resort fees, parking fees, concession & franchise fees, venue fees, convenience fees, processing fees and tap water fees. I wondered at the time how this might affect casino business in the long run.

Now, I know. A recent article in the VitalVegas.com blog indicated that the world’s two biggest casino companies, Caesars Entertainment and MGM Resorts, are sending surveys to customers to determine why they’re displeased with Las Vegas and visiting less often. I suspect the reason for the survey is "strip gambling revenue was down more than 12% year-over-year in August 2018". As was pointed out in the article, "visitors are willing to pay for great experiences but they will not tolerate feeling ripped off".

The good news is that if you are a Las Vegas resident and know where to go, it can be a relatively inexpensive city to live in. You go to the strip only on special occasions.