Quote:
Originally Posted by George Rice
If that was true they'd just close the poker room and do away with the low limit slots and table games.
They still have poker rooms and lower limit slots because they hope players spend their money elsewhere on the property.
In 2017, gaming accounted for only 42.4% of revenue and I would bet that number is going to fall below 40% within the next 5-10 years.
From a customer who drives to the casino, plays poker for a couple of hours and then leaves the property again, they make basically nothing.
If you want to know why you get free weekend nights at Atlantic City but room prices at LV Strip resorts increase every year, the answer is pretty simple: One is a ****hole, the other one is pretty successful trying to brand itself as the entertainment capital of the world.
Besides that, even though overall visitor numbers were slightly down last year in Vegas, convention visitors were up by over 5%. Those people can afford rooms at pricier hotels and spend serious money in hotel bars and restaurants because they don't have to pay for it themselves.