While business is holding strong and steady for online casinos, it seems that their relative, the land-based casino, even in hot gambling destinations such as Las Vegas, is not performing so well. Visits to the famous strip have tapered off somewhat and the revenue for the casinos in the city are down in a big way compared to where they were this same time last year in 2008. The number of visitors coming into Las Vegas has declined by 8%, dropping down from the 3.1 million people who were drawn to the bright lights and glamour of Vegas all the way down to 2.8 million visitors for this year during February. Over the course of the entire year, there were some 5.6 million visitors to Las Vegas casinos right around this time whereas there were .2 million guests to the strip just one year ago.

If you were an investor, it would seem the smart thing right now to pull your money out of land-based casinos and stick it into some online casinos in the business. Although the online casinos sites are facing serious battles with the Unlawful Internet Gambling Enforcement Act in place, they are still not only surviving but actually thriving.

The airline business for people coming and going from the City of Sin has also declined by about 15% as far as 2009 is concerned so far. One bright spot in all of this is that the vehicle traffic coming up to Las Vegas casinos from Southern California has gone up by 1.2% compared to what it was this same time last year. While that not be much, it is important to find something positive to hold onto.

Tags: economy, Las Vegas Casinos

This entry was posted on Monday, April 13th, 2009 at 11:08 am and is filed under Las Vegas Casinos. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.