Many concerned people can breathe a sigh of relief now that the New Year’s hullabaloo has passed and it appears that the Las Vegas Strip faired remarkably well for the big holiday event. Well, at least they did better than was to be expected. This could mean very good things for casino operators but the final verdict is still out. Early assessments show that the holiday known for big parties and glitz succeeded in bringing in some very sizeable crowds to Las Vegas. It was noted, however, that overall spending at casinos and in restaurants and bars was decidedly lower than in past years.

At some of the venues that cater almost exclusively to the high-roller type crowd, the demographic swung decidedly international. That means that is was merely coincidental that the Strip ended up having such a strong holiday performance in terms of profits. It went far better than anyone had imagined it would and it may yet signify a sort of recovery for the year of 2009. What they really are hoping for is that this strong performance from New Year’s Eve will catch the attention of willing and able investors to boost the profits even further.

Many Las Vegas casnio operators have met considerably hard times as consumers have to come to terms with the fact that their disposable income is no longer what it once was. This is due to the increasingly poor economy on both a national and international scale that has seen a credit crunch, a housing crisis and rising food costs plus huge cases of unemployment.

Tags: las vegas economy, new years in las vegas

This entry was posted on Friday, January 9th, 2009 at 7:39 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.