Vegas not so recession proof after all, baby
The Nevada Gaming Control Board recently reported that statewide casino revenues fell 22% in the month of October, compared to October 2007 numbers. Vegas' haul was down 26%. This is the 10th straight month of declines, and the worst single-month dip ever. Atlantic City and other smaller gambling destinations are reeling, too, as gamblers everywhere are cutting back, with less money to play with and less willing to risk what's left.
Thousands of casino employees have been laid off in recent months, and not even the biggest names in gaming are safe from bankruptcy.
There is, however, a silver lining. Travelers can find better deals than ever before at casino resorts and hotels, and hey, the crowds aren't so bad these days. Nevada lobbyists are working the Control Board to lower the gambling age from 21 to 18, in hopes of bringing in more gaming dollars. Teenagers aren't going to singlehandedly revive this industry, though, so casinos will have to continue offering deals. As a tourist in Vegas, the deck is finally stacked in your favor.