Although online casinos have managed to come through this endless and terrible economic recession relatively unscathed, the same cannot be said for land-based casinos like those located in Las Vegas. Times are hard but things have been pretty mellow in terms of adversity for online casino operations. In the heart of Las Vegas, however, many business owners are having to rely on some intense tactics in order to meet their bottom line. The most recent evidence of this particular trend is with Steve Wynn. He has had to install a mandatory resort fee on his hotel guests who come to his collection f hotels and casinos.

Wynn Las Vegas and Encore have already begun to implement this particular change. Needless to say, this isa development that many visitors to Las Vegas casinos are not going to appreciate very much. But since the Las Vegas gambling industry has not been able to fair as well as the market of online casinos, they are having to resort to these sorts of measures in order to stay on track financially.

I guess when you think that one alternative to this measure would be to have good, hard-working people lose their jobs, then this is really the best outcome at this particular time. The fee ends up amounting to $20 per night. In the grand scheme of things, that is not too much money, but since many people are tightening their budgets and pinching their pennies, this is definitely going to put the hurt on some Las Vegas casino tourists. Hopefully hype from the WSOP will build and entice more and more people to head to Sin City in the near future.

There is a bit of opposition out there among movers and shakers in the industry dedicated to online casinos and gambling consisting of groups that do not want it to be legalized within the United States. And some of those sources of opposition coming from members of the American Gambling Association. One incredibly vocal member of the opposition is Steve Wynn. Wynn is one of the biggest men in Las Vegas as he is the owner of Wynn Las Vegas and Las Vegas Resorts. His take on this situation is that online casino gambling is incredibly risky and that it may make for very bad business for the land-based casinos eventually.

This is an interesting take for Wynn to have. It makes sense that he would not want to push forward for online casinos in America to be properly legalized, regulated and licensed because surely this would open up a whole new crop of avid casino gamers.

If playing at internet casinos were to be made into a fully legal activity, that would mean that many people who had formerly held off visiting online casinos from their home at their own personal computer and simply chose to head to land-based casinos or hot-spot gambling destinations such as Las Vegas or Atlantic City would maybe opt for the more convenient form of gambling.

But who knows? It is still too early to tell which way Congress will go with the most recent bill proposed by Representative Barney Frank. But not everyone in Vegas feels the same way that Wynn does. Harrah’s Entertainment has decided to make the jump into the world of online gambling to see if they can try to capture some of the amazing revenue in that market.

While most casinos in Las Vegas have been taking a nosedive during this harsh economic slump that has washed over the entire country, it was said that the one operation that was coming through this difficult time relatively unscathed was Wynn Resorts. Now, however, it seems as though the highly successful hotel and casino operation has finally seen a drop in its revenue. It is now just one more victim in this horrific nationwide recession. Even as most online casinos seem to be coming through with decent revenue still, the land-based casino business is experiencing quite a few financial woes.

Wynns Resorts has recently reported that during the fourth quarter of 2008, it too, in addition to countless other casino operations, took a hit in loss of revenue. Compared to the same time the year before, there is about a $200 million difference and that is nothing that shareholders are going to be able to ignore. It took until October for the resort’s business to really experience any sort of dramatic decline. Since so many people are choosing to save money and stay home and perhaps play their games at online casinos instead, the casinos in Las Vegas are the ones who are feeling the impact of these changes in the economy.

As recently as 2007, business was going quite strong for Wynn Resorts with a total profit of $65.5 million but within the next year the company saw a loss of some $159.6 million. This drop in stock is showing to be right in line with the losses that other land-based casinos have experienced.