[BBMW]

First, it's not about gambling revenue. It's about total revenue. Money is money.

Second, in the middle of the decade in question lives the biggest economic contraction since the Great Depression. This was going to make a big dent in any business plan.

If we take the beginning of the modern era in Vegas as the opening of The Mirage (the first casino built under the current business model), why don't you look at total revenue growth for the decade before it opened to the decade after.

Originally Posted by stevek64

"to keep the gamblers gambling" has been a success, "this worked"? No, this didn't work. You might want to take a look at a chart of gambling revenue and profit over the last decade or so in Las Vegas. You would not be saying "it worked" if you saw this chart.

I don't think anyone is arguing against that. The argument is which is a more effective way to make money.

Originally Posted by ScoopLV

Agreed.

Transitioning to "a food and beverage resort with entertainment and ancillary gambling" has prevailed over the prior "gambling resort with entertainment and ancillary food and beverage" model.

Anyone who cannot see this is living in the early 1960s. Not a bad spot, for those in the entitled segment of society.

[Willy702]

Originally Posted by stevek64

One thing I wish the Nevada Gaming board did in this report was break down the gains/losses for each casino in a given region. Perhaps they do and I just couldn't find it on their website. Of course one can look at the annual/quarterly losses for each publicly traded company but would be nice to get normalized values/all in the same fiscal year in one place.

They do a great job of this, its in something called the Gaming Abstract and it just came out. It breaks it down by region and type of casino, but groups them together in sets of casinos so nothing proprietary from just a property or two gets revealed.

In it people would see just how bad the debt situation is. The biggest Strip casinos "lost" 3.8% of their revenues after expenses. However 11.7% of revenue was spent towards debt. So if they just didn't count debt they would be about 8% margin on revenue. Add in 10% of depreciation expense which is just accounting at the end of the day and you find Strip properties were making at least 16% before these charges.

[007 license to sell]

, I thought you may find the article below interesting. It address's what analysts predict what the water situation will be for Vegas and how many people will eventually call Vegas home. And much much more check it out.

Click link below to view:
http://lasvegassun.com/news/2016/jan/11/into-the-unknown-futurists-predict-whats-ahead-for/#.VpO87tzEpjg.email

[SoCalCpl2]

I have also noticed younger people only seem to want to party or go clubbing... Doesn't seem like much else concerns them...