Revenue Down as a Result of the Online Industry?
Nevada has been
experiencing a drop in tourism in the past few years as a result
of the popularity of online casinos. Data on the amount of
visitors that have come in the past few years has shown that
this year is the weakest year to date. Many people have not felt
comfortable attributing the amount of Las Vegas visitors or lack
there of with the success of online casinos. They have tried to
pinpoint it on the extremely high gas prices that have been in
effect since early this year.
The lack of visitors to Las Vegas especially in the summer
months starting from May until September has really bothered
investors in Las Vegas because it has scared them into thinking
that the hotels and casinos will not be able to meet the quota
that they need annually and generally generate on New Years and
in the summer months. People at first thought that because of
the political situation that ahs made fuel so high, people were
not as apt to driving cross country all the way to Las Vegas
from central part of the States or the East Coast.
According to the California-Nevada border vehicle count,
percentages have dropped this year by 0.4% as a result of the
success of online casinos and the lack of conventions that Las
Vegas has hosted recently. Conventioneers whom are the regulars
that attend conventions did not end up coming this year and that
has been attributed to the attendance they have made for online
casinos conventions rather then land based casinos.
The online casinos industry has become so popular this year that
a lot of people are feeling the effects.
Some conventions themselves have displayed problematic things as
they have moved from Las Vegas to Los Angeles.
This does not have anything to do with the success of online
casinos but rather with real estate issues. Las Vegas really
needs some competitive marketing to get the online casinos
players to come out. Online casinos have been said to be so
successful because they have big promotions that are only
available in online casinos. Online Casinos are in competition
with each other but not necessarily with land based casinos
because the online casinos industry is much stronger.
Online casinos have also found great befit in making their
online casinos have many of the same characteristics as online
casinos. Online casino often even use themes that have existed
in Las Vegas' major casinos and have fund that this effect is
really liked by the online casino players.
Next year, Las Vegas is said to be putting together really
innovative shows and the like in an attempt to get their
clientele back from online casinos. There has also been some
talk about bringing together online casino and Las Vegas land
casinos. News reports are said to be released later this week
with exact figures for Las Vegas drops this year in gaming