![]() ![]() While each factor increased revenue in the short-term, it is possible that these incremental charges and inconveniences have eroded the value proposition of a Las Vegas vacation for many people who have loved visiting the city. ![]() Many observers have been quick to blame the increased resort fees, paid parking, worse game odds, and other “nickel and dime” tactics that have become common on the Strip. But the recent news that both visitation and earnings are down has thrown a scare into investors. The industry-and shareholders-have made peace with gaming being a smaller piece of the pie in post-monopoly Vegas. For nearly all Americans, there are now places to gamble that are much closer than Las Vegas, which is why the city’s resorts have reinvented themselves as places to eat, drink, shop, and occasionally gamble. There are fears that Las Vegas has finally pushed its luck too far. Wall Street greeted the news of the Strip’s struggles with concern, as casino stocks fell by as much as 24 percent. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |