Casino winnings-related revenue within the state of Nevada are down 13.7% for the 2009 fiscal year so far. This does not bode well for the many different related business on the Strip and for all the thousands of employees who are hanging onto their jobs by a string. The casino winnings so far are down in Las Vegas to somewhere just below $10 billion, and while that seems like a lot of money, compared to what the land-based casinos in this town are typically capable of, this is not too good. And this blow hits especially hard since it seems as though there is still no stopping the rise and total domination of online casinos across the country despite all of the legal ramifications (ineffective though they may be) that are in place. Online casino sites continue to surge ahead of their land-based counterparts in a big, big way.

And the people who run things in Las Vegas have been doing seemingly everything in their power to push for different ways to bring back some of those players and of course some of that missing revenue from the grip of online casinos but it has proven to be quite a bit harder than it seems.

Gamblers are still making plenty of wagers down in Las Vegas casinos, especially when it comes to hitting the slot machines, but the numbers are still just not what they should be at this time of year. It is the summer season and business should be charging ahead and going strong and at full blast but that is just not the case. Who knows what will happen come the fall season. You can bet that casino operators will be doing their darnedest to bring in more numbers with exciting events, but it may not come together as they would like. The economy is not helping the matter at all.

Tags: economy, las vegas revenue

This entry was posted on Friday, July 24th, 2009 at 7:49 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.