A report released last week has revealed what everyone already suspected. Visitors to Las Vegas are spending less than they used to.
The report was commissioned by the Las Vegas Convention And Visitors Authority and undertaken by GLS Research, who surveyed of 3,600 visitors asking them about their gambling and ancillary holiday spend in America's casino capital over the last few years.
The results were very much in line with casino profit results and real estate prices in Vegas from 2007 to 2009 - clearly downward.
In 2009 the average gambler set aside $481 for the Vegas tables. This compares with $532 in 2008 and $555 back in the boom times of 2007. And its not only the cash at the tables and slot machines that's dried up. Accommodation budgets have also dropped as much as 25% year on year since 2007.
It's no wonder the American Gaming Association, lobby group for the major Vegas casinos, has changed its stance on online gambling to be supportive of regulation in the US. With terrestrial revenues drying up, and online casinos continuing to win over players, they could well do with a new revenue streams.
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