The Death Of Las Vegas

[yyz]

Been going to Vegas 2-4 times per year for about 20years...easy trip from Phoenix.

IMO...the article is pretty close to reality although if you wait long enough, Vegas will come back. Both LV and Phoenix have a housing market that will take ten years to come back. Before returning to the stock market, keep in mind that the banks have stopped foreclosing and are letting thousands stay in their homes for free so they don't have all of those assets on their books.

Re: the casinos, service is no longer near their top ten in priority. It is near impossible to get drink service on a regular basis, you can't find a LV newspaper in a Harrah's property (they are in a dispute for over four years), BJ now pays 6:5 just about everywhere and the comp schedule is tighter than ever for the mid-level player. No more free drinks in the sportsbook or even if you are playing video poker at the bar.

Harrahs will own the entire east side of the strip from thier property to Planet Hollywood. People quote increased numbers at pool parties but, the casino take has been down for 23 of 24 months. (you should read the las vegas advisor)

Anyway, we still make the trip, take advantage of the good resturants and still get comped for the room. I don't play 6:5 BJ, I make my sports bets online and then go to the book to watch and our gambling budget is way down. Vegas will never be what it once was in terms of appealing to the 30-50 year old but, it will come back.

If you are having these issues, it is where you are staying, not Vegas as a whole. Drink service, like anything else, has been cut back. These are tough times. I still have never had a problem getting a free drink at the bar while playing poker at any of the joints I go to, though.

 

[MadJack]

No more free drinks in the sportsbook or even if you are playing video poker at the bar.

Was just there in February and got free drinks everywhere I played and at the bar :shrug:

 

[jhawksoon]

Been going to Vegas 2-4 times per year for about 20years...easy trip from Phoenix.

IMO...the article is pretty close to reality although if you wait long enough, Vegas will come back. Both LV and Phoenix have a housing market that will take ten years to come back. Before returning to the stock market, keep in mind that the banks have stopped foreclosing and are letting thousands stay in their homes for free so they don't have all of those assets on their books.

Re: the casinos, service is no longer near their top ten in priority. It is near impossible to get drink service on a regular basis, you can't find a LV newspaper in a Harrah's property (they are in a dispute for over four years), BJ now pays 6:5 just about everywhere and the comp schedule is tighter than ever for the mid-level player. No more free drinks in the sportsbook or even if you are playing video poker at the bar.

Harrahs will own the entire east side of the strip from thier property to Planet Hollywood. People quote increased numbers at pool parties but, the casino take has been down for 23 of 24 months. (you should read the las vegas advisor)

Anyway, we still make the trip, take advantage of the good resturants and still get comped for the room. I don't play 6:5 BJ, I make my sports bets online and then go to the book to watch and our gambling budget is way down. Vegas will never be what it once was in terms of appealing to the 30-50 year old but, it will come back.

I was just out there in February for work. Stayed at the Flamingo. At the front door they had a special section where the dealers were young, cute and wore sexy outfits. That is the only area that BJ was 6:5. Also, I played video poker at the bar and got free drinks the whole time. Maybe the Flamingo is in the minority.

 

[freelancc]

the jobs market and the real estate market nationwide is suffering due to the bad economy, the Vegas community is affected probably more than most other cities: but like the rest of the nation it is adapting to the downturn.

casino employees are dealing with reduced hours and wages, and property owners (depending on their liquidity) are squirming to make payments.

the hope here is that the economy will turn around soon. If markets (jobs, real estate)continue the downward spiral the next 5 years, yes things will get really bad. time will tell.:0074

 

[ferdville]

I go to Vegas monthly and while it is slow, it isn't dying either. Yes, the real estate market is a mess. Well, it is in a helluva mess in California too. My house is worth about $100,000 less than I paid for it 3 years ago. That's the way things are in much of the country.

I was at the Hard Rock two weekends ago and they were packed. You should have seen the pool (and I mean you should have seen the pool). The hotels are revising their business plans little by little and the good ones survive while the weaker ones will perhaps die. There is no question that they over built like most of us over did it when times were good.

The customer service I have received in Vegas is as good or better than it was before. And I hope you are all joking about the color of employee's faces there. Where in the hell are you talking about.

Vegas is not going to die. All the experts predicited Vegas's demise when Atlantic City opened in full. Then they said the same thing while California was building a new Indian Casino every month. Vegas will not go down the drain.

Almost all the industry news is showing that at a minimum, business is the same as it was a year ago and in most cases there is a slight increase in the range of about 3%.

The demise of Vegas? I'll bet against that. It might rise from the ashes in a slightly different form, but rise it will.

The writer of that article had an agenda and truth didn't enter into it.

 

[Roger Baltrey]

I plan to go there 4 times this year just like the I always do. They overbuilt housing and hotels and now they need to pause for a while. The stuff about employees is racist bullshit and the service is about the same as it has always been. Can't wait for Saturday afternoon at the Hilton Sportsbook with tons on cash on the line.

 

[azbob]

I should have noted the no free drinks are at the higher end properties (Wynn, Venetian) not at the off-strip or other strip joints. A $50 sports bet gets you a free drink at the Venetian.

I can definitely speak to the lowered standards for service at the Harrah's properties. Too bad they now own one entire side of the strip

We just pick our spots in terms of gambling now versus playing anywhere. We play were they have the best games and the best service.

 

[Dead Money]

earth 2100 on History Channel...must see TV

earth 2100 on History Channel...must see TV

Very sobering scenario of coming events due to global pollution and over-population..

The entire southwest was featured as a huge desert wasteland.
Lake Mead in the year 2045 is a dry cracked lake bed..the Desert Golf Courses are just deserts, Vegas is a dust choked non-electrified haven for scavenging street people......:0002

 

[AR182]

Just got back from spending 4 days at the Mirage & noticed for the first time that a few dice tables & BJ tables were completely empty (not even a Mirage employee at the tables) on a Saturday night....

It seems that while the hotels (pools & clubs) are busy, they are attracting party people & not gamblers to the hotels.... Also the sportsbooks were dead at the few hotels that I visited, but they could always be like that during baseball season.

 

[Redhog]

i was there a couple of months back.....I had read many articles about the supposed Gloom and Doom of Vegas prior to going.......Once i got there i was shocked and couldnt believe all of the people that were there, so one night i started asking the dealers what was up, i told them that all i had been hearing was about how Vegas was dying? But all of the places i had been were packed? They all told me the same thing.........Its not that people have stopped coming to Vegas it is just people are not gambling as much as they used too.........They are not getting as many of the high rollers etc............so i guess it just like any other business owner out there.....the ones that make the right decisions and moves will survive and the others may fail

 

[MR. LOCK]

Haven't been to Vegas since they tore down the Stardust:sadwave:

 

[gardenweasel]

Jack - it's from here... LOL - the website is actually called "economiccollapse.com" ....Yet, there is an ad for the new M Resort on the same page.

Looks like Loom's kinda site, that for should

http://theeconomiccollapseblog.com/archives/the-death-of-las-vegas

all i know is that this has something to do with ron/rand paul(and their knowledge of vegas could be written on the inside of a matchbook with a grease pencil)....:lol:

but i still love me some lumi !!!..he keeps us honest...:toast:

 

[Lumi]

all i know is that this has something to do with ron/rand paul(and their knowledge of vegas could be written on the inside of a matchbook with a grease pencil)....:lol:

but i still love me some lumi !!!..he keeps us honest...:toast:

Keep it up rainman,

I'm sure the Pauls know a little more about sound fiscal policy than you do, and what does this entire thread have to do with them anyways?

 

[gardenweasel]

Keep it up rainman,

I'm sure the Pauls know a little more about sound fiscal policy than you do, and what does this entire thread have to do with them anyways?

dude...i`m pullin` your chain...:toast:

 

[giambi]

I live out here in Vegas and it is in an economic decline, but that is expected it is a gaming and entertainment town and the US is broke so hardly anyone is vacationing, but you can't beat the hotel rooms out here, Me and the family love to take mini vacations to the hotels for the weekend and you really get spoiled..... I was just in LA by knotts berry farm and stayed at a crackhouse across the street................IN vegas every place I stayed in had flatscreens and nice bathrooms everything is upgraded ................in LA it was all garbage it even smelled horrible ....my personal fav is the M resort..........

 

[ormond80]

Giambi:

I am w/ you on the M resort even if you just spend 1 day there it is totally worth getting away from the stip.

 

[Lumi]

Barry the Magnificient is arriving soon,

all will be well soon.