Poll

2 votes (6.45%)
22 votes (70.96%)
No votes (0%)
1 vote (3.22%)
1 vote (3.22%)
3 votes (9.67%)
1 vote (3.22%)
13 votes (41.93%)
5 votes (16.12%)
3 votes (9.67%)

31 members have voted

gordonm888
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gordonm888
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July 18th, 2016 at 11:18:45 AM permalink
Over the past 10 years or so, there has been a well-documented decline in Nevada gaming revenues, several casino resorts in AC and Vegas have shut down and more than one major gaming corporation has filed for bankruptcy.

What is going on? Is it just a temporary downturn -perhaps due to the nation-wide economic recession? Or has the spread of casinos to so many states just caused an inevitable shift away from Vegas and Atlantic City?

Have gamblers turned their attention to other shiny things? Like fantasy sports: Draft Kings and Fan Duel? Or tournament poker, with a low effective rake and most of the rake going to WSOP, WPT and their circuits?

Or is everyone now spending so much time on Facebook, Playstation and games like Pokemon GO -that people no longer have as much time to go to casinos or as much need for the adrenaline rush of gambling? And what happens when 3-D virtual reality goggles technology matures and becomes cheap - how will a deck of cards and counting to 21 compete? Will we still be rolling dice?

History tells us that we underestimate change - that people always underestimate how much and how rapidly things can change. So most people assume that casinos will be with us forever - but is it possible that in 15-20 years the casino gaming industry will be much smaller -or even nonexistent? Or will casinos, like death and taxes, always be with us?
Last edited by: gordonm888 on Jul 18, 2016
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
gamerfreak
gamerfreak
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July 18th, 2016 at 11:25:24 AM permalink
None of the above. I think less people are gambling, especially among young people. I cannot get my friends to come gamble with me. Nearly everyone I know under 30 has a ton of college debt, and have zero interest blowing $100-$200 on casino games. Plus there is so much more cheap entertainment options, usually right at home, than there was 20-30 years ago.
TomG
TomG
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July 18th, 2016 at 11:34:21 AM permalink
Quote: gordonm888

Or has the spread of casinos to so many states just caused an inevitable shift away from Vegas and Atlantic City?



This is by far the biggest impact. Though Las Vegas has responded somewhat well. It used to be you could get a room, meals, drinks, and shows for cheap because it was all subsidized by the gambling. Those things have now become expensive, but people are now willing to pay for the luxury as they aren't losing nearly as much on the casino floor. My understanding is the non-gambling revenue on the strip is way up.
100xOdds
100xOdds
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July 18th, 2016 at 11:48:21 AM permalink
Quote: gamerfreak

None of the above. I think less people are gambling, especially among young people. I cannot get my friends to come gamble with me. Nearly everyone I know under 30 has a ton of college debt, and have zero interest blowing $100-$200 on casino games. Plus there is so much more cheap entertainment options, usually right at home, than there was 20-30 years ago.


yup, rise in online social gaming.

and it's going to get worse if Pokémon Go is any indication.
more interactive cell phone games are coming.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
100xOdds
100xOdds
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July 18th, 2016 at 11:53:46 AM permalink
Quote: TomG

This is by far the biggest impact. Though Las Vegas has responded somewhat well. It used to be you could get a room, meals, drinks, and shows for cheap because it was all subsidized by the gambling. Those things have now become expensive, but people are now willing to pay for the luxury as they aren't losing nearly as much on the casino floor. My understanding is the non-gambling revenue on the strip is way up.


yeah, more states allowing casinos also cuts down on people wanting to travel far to vegas/ac.


and here's another pic of Angie because poll:
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
TwoFeathersATL
TwoFeathersATL
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July 18th, 2016 at 12:57:29 PM permalink
Quote: 100xOdds

yup, rise in online social gaming.

and it's going to get worse if Pokémon Go is any indication.
more interactive cell phone games are coming.

Screw the little Pokemon images!
Now if you could bet on the outcome(s), legally, they might have something;-)

<edit> and another nice pic of Angie 100X. I noted you went deep into the file for the last one, and I don't even remember this one ;-)
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
MrV
MrV
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July 18th, 2016 at 1:16:04 PM permalink
It's classic supply and demand.

Supply now outstrips demand.

People don't feel much need to travel to Las Vegas to gamble; I certainly don't.

Yes, Las Vegas is keeping afloat in part due to nightclubs / party scene, but as more and more casinos get built elsewhere, it could share a fate similar to Atlantic City.

Las Vegas could be in serious trouble once the boomers die off.
"What, me worry?"
TigerWu
TigerWu
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July 18th, 2016 at 1:17:49 PM permalink
Quote: 100xOdds


and here's another pic of Angie because poll:



Chatterbox?? I just met 'er!!

With regards to the poll, in my opinion, the two main factors are a rise in online gaming (casino, sports, video games) and a "bad economy."
Ayecarumba
Ayecarumba
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July 18th, 2016 at 3:09:30 PM permalink
I don't know if the total ball of wax is smaller or if the portion that is "Las Vegas" or even "Nevada" is simply a smalller portion of a total that is the same (or growing). Perhaps UNLV's Gambling Research Center has actual figures.

In any case, Nevada, which is mainly Las Vegas, is in decline, and I attribute it to the growing availability of other casino and resort/casino options all over the country, and... all over the world.

Macau's gaming revenue was ginormous, and is still enormous enough that Wynn continues to build there. New casinos in Singapore, Vietnam and possibly Japan mean there is no reason to come to the USA. Tribal gaming joints are intercepting folks on the roads to Nevada. Why go another 200 miles when you can get your gamble on at 6 places within 150 miles of your house?

Nevada has to re-trench. Ask and answer the question, "Why do I need to go to Nevada?"

The "Jump the Shark"moment will be when prostitution is legalized in Clark County.
Simplicity is the ultimate sophistication - Leonardo da Vinci
100xOdds
100xOdds
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July 18th, 2016 at 3:50:15 PM permalink
Quote: Ayecarumba

The "Jump the Shark"moment will be when prostitution is legalized in Clark County.


ahh.. then other states will legalize it.
and as quickly as marijuana.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)

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