Tunica wrote on August 29, 2009 11:37 AM: Looks like the economical crisis came as a cold shower for entertainment business all over the world, especially gambling.
still, they should be thankful they are still in the profit area.

fire fighters need a raise to afford to live here wrote on August 12, 2009 06:29 PM:

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curious wrote on August 12, 2009 03:52 PM: My brother and friend visited recently, went to an establishment and encountered a $10 cover charge. My brother didnt want to pay the cover, so the agreement was friend to pay cover and bro to pickup the first drinks. The first drinks....2 drink minimum.. 4 beers for a total of $36, plus tip. Would that incite you to come back ?

btk wrote on August 12, 2009 01:45 PM: perhaps it is the fact that people are finally fed up with the greed of the corporations that own that casinos

Seriously, $9 for a bottle of beer, $16 for a glass of house wine, $6 for a bottle of water!

Have any of you seen more than one $5 table at any of the strip casino "pits" recently?

Sure, the room rates are lower but the casinos need to stop beating the tourists over the head with everything else.

Free Nevada wrote on August 12, 2009 11:14 AM: @Felding: The problem is they can't break even at that level anymore, even in a relatively old and depreciated place like Monte Carlo. It's not that Monte Carlo is costin' a bundle, it's that whatever money they win is being sucked up to build that embarrassment in the parking lot (City Center). They'd have to go through what GM just did to get out from underneath its crushing pension and benefit commitments in order to be able to dial it back to what customers actually want...and that gets back to not wanting to mess with the fragile system that Mike Milken created to finance everything so they didn't have to turn to the Mob or crazy b4st4rds like Howard Hughes anymore... Not sure how this is all going to end, because ultimately, if the market only bears $1 - $3 then they have to figure out how long (if ever) it will be before they can get back to $25 - $50 and determine how much financing they have left (if any, as the stuff in my early morning post is already well known to Wall Street based on all the chat forums).

Feldling wrote on August 12, 2009 07:52 AM: I agree, lowering the table minimums would be a start. On a recent visit, I skipped most of the table games on account that I didn't want to bet $10 per hand. Sort of sad to see all those dealers standing around with nothing to do when I would've been perfectly happy playing $1 - $3 / hand. I suspect there are a lot of other people that feel the same way.

vegastourist wrote on August 12, 2009 07:13 AM: Lower the dern minimums at the tables and the cash-strapped players will step up more!

jimbojones wrote on August 12, 2009 07:13 AM: I don't remember anyone complaining in 2004 that revenues were too low. Vegas is slowly coming back to reality.

Ima Losing II wrote on August 12, 2009 06:33 AM: I wonder if casino patrons are still enjoying a 2004 income level. If they're taxpaying locals I'd say the answer is not many.

Free Nevada wrote on August 12, 2009 05:44 AM: :"Your corporation may be able to afford the hotel bill, but you can't afford the PR hit," Freitag said."

It's not just Vegas

Times are tough all over, but combined with increasing auto and jet gasoline prices and increased competition, how can Nevada recover without another serious federal project like the Hoover Dam (something like a maglev, breeder reactors, desal plant & upgrades to the Colorado Aqueduct, etc..)?

PS: If you start to hum the first few bars from "Pocket full of Sunshine" while walking by people in the grocery store in SoCal, you can hear them change the topic of their cell phone calls to Morongo or Pechanga. I'm going to post a video after this, but in case it doesn't go thru, you can just head to YouTube and search for Morongo or Pechanga to see what's gone on completely separate from any kind of housing or recession issues.

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