Discussion in 'Casino Industry & Development' started by stlguy197239, Sep 30, 2021.
Oh yeah, I am sure we'll be seeing those $5 Craps tables come back to the Strip pretty sooooooon.
Seriously though, those numbers are crazy. With numbers like that is anyone seeing a decline in offers?
I mean, they apparently don't seem to need to entice anyone to come to Vegas and spend some cash.
Comparisons to August 2020, like the chart depicts, are still a bit sketchy to look at, as we were still really in the teeth of covid as far as limited capacities.
The revenue growth compared to August 2019 is still very impressive, but largely driven by slot revenue. If you look downtown and exclude sports betting revenue (certainly a Circa impact), table revenue was down slightly compared to two years ago.
I have been 3 out of the past 5 weeks, took this week off, then going back to back weeks. Every time it has been packed casino's, hard to get high end restaurant reservations, high table limits, etc.
Anyone hoping for a lull in the action to find a return to "normal" conditions, I do not see this happening any time soon.
However, I have been to RW twice now, and it has been dead both times. I think the fallacy that RW was going to commandeer all the high end action has been realized. If any resort on the Strip will be reducing table limits, it will be RW who seems to be starving for business
$ per table hour operated, though, surely are up.
The company I work with, along with many others, are using 2019 as the base number when doing year over year comparisons. I don’t exactly agree that it’s the right approach because we still are enduring a global pandemic but I was one of the few to disagree with that approach so I ‘lost’ and that’s what we are doing.
Saw one, DTG, sat afternoon.. He said it might go to 10 that evening.
I was as shocked as anyone reading this.
When I report 2020 stuff, I definitely use an asterisk, but yeah, I'm still using that asterisk!!! (I'm in academia so my reporting is going to be different than a for-profit corporation, but we still have metrics, and those metrics have been impacted by a global pandemic....)
I can't imagine this trend continuing. The economy is already beginning to slow down, and a recession is likely to hit.
I can see RW as a standout for Chinese tourists, given all of the Asian-themed dining etc.
Unfortunately, given all of the existing restrictions around Covid, there haven't been any Chinese intl tourism.
All this is without any real foreign money so that might help keep the numbers up.
Pretty certain this trend continues. Noticed this past weekend $15 and up 6:5 BJ and $15 and up craps tables packed everywhere I went. This is the new normal unfortunately. The biggest shock was seeing Excalibur (!) running a $25 craps table on Saturday when I cut through the property, and it was pretty full.
Life is cycle what comes up must come down..
yeah I was in town Thursday-Sunday this past weekend and tables were packed everywhere. A pit boss at the Encore told me that Wynncore will not be lowering any minimums below $25 for the foreseeable future (including craps, carny games, roulette).
On weekends, Wynn was almost always at that level unless it was early morning, but you used to be able to regularly find $10-15 at Encore even on some weekend nights.
sign of the times
Good it saves me a ton of money. I will just gamble here in Florida, Biloxi or cruise ships.
Makes me feel better about going to AC instead of Vegas. Vegas is doing great, so they don't need my business to stay afloat. Good for them.
I just spent four days in Las Vegas after a ten year absence. For me and it is just my opinion, traveling from Florida to Las Vegas is just not worth the effort or expense. For my wife and myself it is all about the gambling. The shows, food etc just aren't part of the equation for us. Once I am at a BJ table with a drink in front of me it doesn't matter where I am. I can get just as good or better Blackjack 40 minutes from my home. Here in Tampa we have so many great restaurants I can't count them all, not to mention my wife is a gourmet chef. I'm sure if I was 40 years younger I would have a totally different outlook.
Totally heading off topic here, but Vegas still has the lure of top quality / popular restaurants all in one location + what used to be a star studded concert lineup.
Where else could you join Elton John on stage (within a safe distance and behind a burly bodyguard), let alone watch his concert twice in one week?
Where else can you get a table at Rao's or Carbone, whose original NYC locations are otherwise inaccessible to non-celebs?
Or Guy Savoy at CP, which is the only location outside of Paris.
Until that all goes away, LV will still be more attractive than the local slot place where regulars unleash their domestic abuse frustration on some poor slot machine's buttons.
Now that AC has Hard Rock putting on 200 rock concerts a year, I see little attraction to going to Vegas to go to their new arena. Maybe I'd feel differently if they didn't do away with so many shows at the casinos themselves. And with CET and MGM owning nearly all the casinos on the Strip, there just isn't enough competition between casinos to benefit guests. And I won't go downtown because it isn't as good as AC.
That's bad news for those of us who hoped that table minimums would drop back to pre-pandemic levels. It looks like most people are accepting the "new normal", so I will be priced out of playing craps on the Vegas Strip. I need to start going Downtown or the local casinos.
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