U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 07-25-2008, 09:56 AM
 
1,755 posts, read 3,815,640 times
Reputation: 228

Advertisements

What meltdown? State Nears Top Of U.S. In Revenue Declines - Las Vegas News Story - KVVU Las Vegas

 
Old 07-25-2008, 10:27 AM
 
Location: Las Vegas
3,730 posts, read 5,893,749 times
Reputation: 1247
I've heard some friends of mine, in the casino business, saying that this current climate here in town, is WORSE than after 9/11...
 
Old 07-25-2008, 10:30 AM
 
Location: Kingman AZ
15,378 posts, read 23,272,747 times
Reputation: 8605
Thats actually pretty true Momx2.....mainly because 9/11 had an affect on air travel more then auto travel....this time it's affecting both.

BUT....weekends are still giving us survivability....we are sold out on most weekends....it's just that we sell out LATER then we usually do.....and we ARE having to do a LOT of promotion to hold on.
 
Old 07-25-2008, 10:45 AM
 
Location: Las Vegas
3,730 posts, read 5,893,749 times
Reputation: 1247
I tend to agree with you, restaurants are still crowded, even in the burbs on weekends. Weekdays, everything seems more quiet than usual. But then again, it's off season. I'm interested to see if things pick up in the fall.

I think more and more of the tourists are opting to stay off Strip to save some money, and I think they are doing more sightseeing and less gambling.

I just read in the paper yesterday that the 4th building of the Furniture Market has been put on hold. Smart move I say.
 
Old 07-25-2008, 11:01 AM
 
Location: Kingman AZ
15,378 posts, read 23,272,747 times
Reputation: 8605
I agree....they were moving too fast and attendance is way down.....PARTIALLY do to the management company I think.....they seem to be a bunch of 'fast buckers' from the comments made by people booking for the show.
 
Old 07-25-2008, 11:07 AM
 
Location: Las Vegas
3,730 posts, read 5,893,749 times
Reputation: 1247
Honestly though, I really think that this "downturn" will come to pass eventually and Las Vegas will be just fine.

We are quite the resilient city...and we just happen to have what everybody wants and needs...
 
Old 07-25-2008, 12:36 PM
 
Location: Las Vegas
3,730 posts, read 5,893,749 times
Reputation: 1247
Interesting article from today's paper

Wynn Resorts Ltd. says its second-quarter earnings more than tripled due to a hefty tax benefit and strong revenue growth at the Las Vegas-based casino operator's Macau property.

Wynn Resorts 2Q profit more than triples - Las Vegas - MSNBC.com (broken link)
 
Old 07-25-2008, 06:32 PM
 
1,755 posts, read 3,815,640 times
Reputation: 228
Quote:
Originally Posted by MomMom View Post
Interesting article from today's paper

Wynn Resorts Ltd. says its second-quarter earnings more than tripled due to a hefty tax benefit and strong revenue growth at the Las Vegas-based casino operator's Macau property.

Wynn Resorts 2Q profit more than triples - Las Vegas - MSNBC.com (broken link)
Right, and LV figures were down a MERE 24%.
 
Old 07-25-2008, 09:13 PM
 
391 posts, read 1,283,689 times
Reputation: 134
Quote:
Originally Posted by sheriff View Post
Right, and LV figures were down a MERE 24%.
Drop was down only 1%, but hold was down about 20%. RevPar was down 3% and slot handle was down @ 4.5%. But the big driver was a decrease in the hold percentage which, naturally, varies. Basically, Wynn's Las Vegas business is down about 3% ignoring the variance in win. Hardly catastrophic. Other operators, however, have not faired as well.
 
Old 07-25-2008, 09:50 PM
 
Location: City of North Las Vegas, NV
7,580 posts, read 4,826,806 times
Reputation: 1748
After years of record profits, now the casinos are back to reality.
If they did not rip off people so much during these last "good" years, perhaps more would consider to make it out here once again.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas

All times are GMT -6. The time now is 07:11 AM.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top