Follow The Money Vegas!

According to Online Casino Advisory , in 1990 42 percent of Las Vegas revenue came from non-gambling sources, hotel room rates and restaurants. in 2007, that number increased to 59 percent.

However, I disagree with the articles premise that Vegas should return to its roots and focus on gambling as its primary source of income. Not that I have anything against gambling. But, you’ll have to admit gambling oftentimes comes with a negative connotation. It’s a different world today than the world that built Vegas. Gambling is a losing proposition statistically speaking. Plus, it is my honest belief that more and more people don’t want to lose money gambling. Those that do like gambling for the sake of gambling are content with nearby Indian Casinos to save on gas! A bad economy along with high gas prices, a declining Real Estate market, of course Vegas gambling will be affected!

Also, Market Watch reports a drop of 4% in gambling revenue while non-gaming revenue stayed flat on a quarter-over-quarter basis.

If a product is selling off the shelves making 42%-59% of your revenue and remains flat while your other revenue sources decline then doesn’t common sense dictate, to get more of that product?

Just do a Google search and you’ll see a slew of articles and websites that help travelers find things to do in Vegas that don’t involve gambling. Gambling should no longer be primary reason to visit Vegas.