[lvkewlkid]

exactly the point i was tryin to make!

[airics]

Originally Posted by horseplayer

I wanted to give Chanel 8 News credit for giving some facts about the recent job fairs at Texas Station. Approx 11 people hired out of 720 applicants for entry level Social Security Jobs. At a certain point, whatever it may be; it is not even worth it to apply.

When i was there in January, I planned to go to 3 jobfairs, after the first one, what a joke....

[aqualung8705]

I went to one there, and I agree, it was a joke. Most of the jobs were for outside sales. Sorry, but I need a steady paycheck.

[Fastrudy]

Maybe they should differentiate between JOBS and EMPLOYMENT. Only one of them pays on an time basis. Jobs may never pay you, no matter how many hours you put in. Employment, OTOH, will always pay you on a time basis (hourly, annularly). Remember, Mom gave you jobs to do.

[Soundman123]

Hotels are cutting massive deals to keep the rooms filled. Nobody is spending any real money at the tables. That is where they are losing money.

[las vegas drunk]

Originally Posted by Soundman123

Hotels are cutting massive deals to keep the rooms filled. Nobody is spending any real money at the tables. That is where they are losing money.

Not true at all. I went out to the strip last night. I went to Bally's, Bills, and the Flamingo. All were so packed that it was hard to even get on the tables. Plenty of black and even purple players were playing.

[ClarkGrisowld]

Originally Posted by Soundman123

Hotels are cutting massive deals to keep the rooms filled. Nobody is spending any real money at the tables. That is where they are losing money.

In the boom times, 40% of revenues came from hotel, about 40% from gaming, and the rest from food and entertainment.

Room rates are down over 50% and occupancy is down a good bit. Gaming is down, obviously, but where they are really losing their shirts are the hotel revenues, which have much higher margins than gaming.

The Vegas model has changed significantly, and not necessarily a bad thing but obviously it's become more cyclical. But over half the people who visit the Strip don't gamble at all. That's a shocking statistic, but some of these places get almost 2/3 of their revenue from non-gaming and are suffering as a result of the economy because gambling has, comparitively speaking, held up pretty well (though better at the regional casinos).

[horseplayer]

And it was a bad thing when they started getting whole families to come here, that couldn't care less about gambling. They figured those people were willing to spend 169 per night on a room, when the gamblers, like myself, would only want to spend 19, or would be just as happy in Reno, Tahoe, or Laughlin. The use of food concessionaires is a real disappointment in LV. You go into a casino, and you have to buy your food from an overpriced Denny's or McDonalds? Like you are at LAX or something. I'd rather gamble on my computer.

[Golfinnova]

Originally Posted by horseplayer

And it was a bad thing when they started getting whole families to come here, that couldn't care less about gambling. They figured those people were willing to spend 169 per night on a room, when the gamblers, like myself, would only want to spend 19, or would be just as happy in Reno, Tahoe, or Laughlin. The use of food concessionaires is a real disappointment in LV. You go into a casino, and you have to buy your food from an overpriced Denny's or McDonalds? Like you are at LAX or something. I'd rather gamble on my computer.

Families have nothing to do with what has happened. My family which includes myself, wife, twins, mother as well as in the past father and mother-in-law who are now deceased have been coming here since 2003. We would come out here 4 times a year before we moved out here in 2007, we had a nice arrangement where I would watch the kids during the day and my folks would watch them at night so everyone would have a chance to gamble. Because of that we would get nice comps on rooms and food.

Vegas was for a number of years the best value in terms of cheap flights, comped rooms, and discounted food/beverage. Unfortunately, with the economy tanking and job losses across the country, as well as the fiasco with the "no-doc zero down" mortgages being called in, has caused families and singles to reconsider their options thus the newest thing this summer is the "homecation". The hotels/restaurants/golf courses need to be creative in getting travelers to come back to Vegas which is why Oscar along with the LVCVA are making this a priority.

All the McD's and Denny's on the strip are priced no different then anywhere else in the country. As in any large metropolitan city, there are ultra-expensive hotels like The Four Seasons and economy Motel 6. The same can be said for restaurants and golf courses.

[horseplayer]

Let me see...at the MCD at LAX, beside the broken water fountain, a small soda is 1.97. You can't actually believe that all McDonald's are priced the same can you?