Will Vegas become a gambling town again?

This is, in a nutshell, what I find fascinating about Vegas. It has some sort of invisible esoteric ‘pull’ globally that other Gambling destinations don’t seem to have. The big question is why. And it is a question I have reflected on for years. Is it just marketing? Mob history? Hollywood portrayals? The buzz?

Especially when as ken2v notes you are going to get played so that your wallet stays permanently open.

Piercing through the ‘delusion’ ken2v notes fascinates me.

I mean this in a good positive way.....in a way Vegas is like a magnet that pulls at the negative aspects of human nature globally: egos being massaged, greed, desires, etc, while having fun. It’s absolutely brilliant.

Ken2v thank you for summing up what I have thought and reflected on for years so succinctly.

 

For a period of time they'll have no choice. Revenue from food, retail and shows will be minimal at best for at least the next six months if not longer. What this will mean in terms of gaming value is up in the air also. Since they'll be dealing with mandated crowd numbers initially, table mins will increase I'd guess. Think $5 tables jumping to $10 or even $25. I'm sure electronic games will take a hit too. I think limited food choices will be accompanied with modest increases also. Bottom line is that they have to try and find a positive bottom line. Sorry about the pun. No one wants to see any of that, but the casinos are fighting for survival. The days of giving the farm away are long gone. I'm sure the gaming landscape we see a year from now will be vastly different from today.

 

I hope so. I think they know that they're going to have to entice a lot of people to return - and the club scene might take a while to return - so it's a smart play on their part.

 

I think it's unreasonable to believe table prices will skyrocket. If a fraction of the casinos open initially and demand is too high I think it's obvious they'll open the others, not necessarily the hotel portion.

 

It’s interesting to think about - the crowds at tribal casinos I’ve seen open might indicate higher-than-anticipated demand, but do people also want to get on a plane or take an hours-long drive on top of whatever risks are at the local? For whatever demand exists, how much of it is for budget/mid-market/high-end? How much marginal profit are casinos looking for? Will they want to maximize profit now, or work on re-establishing relationships and make people feel good about coming to Vegas? If the former, how many/which segments will balk and be alienated? If the latter, who wins out (both in terms of players/visitors and properties/companies)? Does the prospect of market consolidation (companies folding or being bought out) have a near-term impact on what gamblers will experience? LOL too many things to think about Time for a so I can calm my mind and get some sleep

 

I think so it may take a long time especially with the airlines industry taking a severe hit... but eventually it will...
Maybe not as strong as it was in the past with people that have casinos close by ...
They might wind up doing better in all of this then flying thousands of miles to Fantasyland.

 

I believe they dropped parking fees at MGM & Cosmo, so that's a good sign?

 

I think it represents throwing a bone to look as though they're going out of their way for you. As was said, casinos will do what's needed to get us in the casino dropping money. Nothing wrong with that, it's their job.

 

Well, hell, if there's this much pent up pressure will they even get past Primm?!?!?

 

As others have said, it will have to at least for a bit since there won't be much else for visitors to really do there.

However, I wouldn't be opposed to Vegas reinventing itself again once this thing starts to clear out. Having a more diverse economy is never a bad idea, and I feel that having even more options for visitors would be nice.

A lot of people are nostalgic for the past or the 'good old days,' but I kind of like it when there's change and innovation - not all of it will be for the better for everyone, but part of the charm of Vegas for me is that it can adapt and change over time to meet people's conceptions of what they want in what is essentially an adult amusement park.

 

Don't know about reinventing, but I know we'll see a LV we've never seen before. Saw a doctor two weeks ago that looked like he was ready for space flight. Last month I had my first virtual appointment, and in keeping with tradition, I had to wait 15 min for him to open zoom up! True story. It's a brave new world out there folks.

 

I agree also. What would be earth shattering would be the coupon book with free play, 2:1 bets, discount food stuffs and free key rings..... THEN we will know who is in the drivers seat (with free parking).

 

I concur with 3of Diamonds. The local tribal casinos will swallow up the demand for gambling in the near future & beyond. No flights to catch which will only cost more, no ripoff resort fees and/or parking fees and just the convenience of it all will make the local casinos much, much more palatable.

 

I expect to see you there, Ken!

 

I do like the the courses there!!

 

I was more dumping the various questions out of my head than anything - I’m honestly not sure how much of a detriment the travel element may be for Vegas tourism in the short/medium-term. But you may very well be right

 

I won't. Whisky Pete's was the last casino I was in before this crap started. I will be there again in August just to play a few hands of VP and take in the musty smell.

 

Since I fit that demographic, I'll take it. Think I'm going to start booking from late June (prob expecting to cancel that one, depending on reports from the front lines) forwards.
If these offers are going to expire anyways, why not entertain myself by booking/cancelling if I need to...

If I had to fly, I would probably be more worried about the airport/flight than the Vegas part.

to bring it back to the question
Will Vegas become a gambling town again?
I'd say I hope so, because in the short term its not going to be shows, rooms, conventions, or 50% capacity restaurant income paying the bills.

 

to critique the question, it's rather ambiguous. there will be less revenue streams so yea a greater focus for the short term will be on gambling.
but that in and of itself doesn't mean much.
if the question means will green chip bettors get RFB status (mostly kidding), you have a better chance of seeing god.
to give a barometer, $5 3:2 BJ is not coming back to the strip with very few exceptions you can count on 1 hand.

what do i think will happen? i think if you're playing BJ at $50/hand for 6 hours a day avg, you'll get room offers for many places. i don't think that was the case 12 months ago.