Gaming revenues down third month in a row (Las Vegas: job, housing)

[dude66]

It's no Mirage: Vegas Strip revenues declining

May 9, 2008

"Las Vegas Strip casino gambling revenue fell 4.8 percent to $517.5 million in March, the third consecutive monthly decline, as gamblers confronted higher fuel and food costs."

Source: It's no Mirage: Vegas Strip revenues declining

[dano]

Yep. This is a little scary.

A melt-down scenario would have 2/3rds of the existing airlines out of business with the remaining 1/3 tripling air fairs. This coupled with $10 gas choking off the other business pipeline into Vegas - Interstate 15 from So Cal, will likely crater Strip revenues and cause untold job losses. All of this when we thought housing would improve by 2010 from increased employment on the Strip.

[olecapt]

Originally Posted by dano

Yep. This is a little scary.

A melt-down scenario would have 2/3rds of the existing airlines out of business with the remaining 1/3 tripling air fairs. This coupled with $10 gas choking off the other business pipeline into Vegas - Interstate 15 from So Cal, will likely crater Strip revenues and cause untold job losses. All of this when we thought housing would improve by 2010 from increased employment on the Strip.

Yup but when the big earthquake hits and CA vanishes into the Pacific we will all get rich off the new beach fronts in the Spring Mountains. It will be better than ever...

[dano]

Originally Posted by olecapt

Yup but when the big earthquake hits and CA vanishes into the Pacific we will all get rich off the new beach fronts in the Spring Mountains. It will be better than ever...

LOL, good one.

[sheriff]

Originally Posted by dude66

It's no Mirage: Vegas Strip revenues declining

May 9, 2008

"Las Vegas Strip casino gambling revenue fell 4.8 percent to $517.5 million in March, the third consecutive monthly decline, as gamblers confronted higher fuel and food costs."

Source: It's no Mirage: Vegas Strip revenues declining

But, convention business is ONLY down 16%.

[Buzz123]

It doesn't mean they're going broke, it means they didn't make as much as usual, which is still an obscene amount that they won't share with the state that gave them the right to make all those billions.

I just checked outside...the sky was not falling.

[olecapt]

Originally Posted by Buzz123

It doesn't mean they're going broke, it means they didn't make as much as usual, which is still an obscene amount that they won't share with the state that gave them the right to make all those billions.

I just checked outside...the sky was not falling.

But I keep hoping...maybe CA is?

[airics]

yesterday its up, tomorrow its down...every one reports different.

Convention attendance, tourism in Las Vegas up - Las Vegas - MSNBC.com

[airics]

and another one....

http://view.email.gmgvegas.com/?j=fe...64047a771c7272

if you people are so miserable, why are you here?

[VLWH]

sounds great, until all those Californians start washing up on your ocean front property.

Originally Posted by olecapt

Yup but when the big earthquake hits and CA vanishes into the Pacific we will all get rich off the new beach fronts in the Spring Mountains. It will be better than ever...