March 06, 2011
Las Vegas Strip Casinos USA
According to Moody’s Investors Service, business on the Las Vegas strip will continue to be rather slow until 2012 when it is expected that the economic upturn will gather pace.
In 2010, some traditional land-based casinos in Las Vegas had a stronger fourth quarter, but overall the industry is in dire straits. In an increasingly globalized world, Las Vegas experiences more and more competition from Asian destinations such as Macao (where over the past few years gambling establishments have experienced record growth).
Also, more and more land-based establishments are losing out to online competitors. Online casinos offer convenience, large progressive jackpots and an easy and comfortable alternative to both veteran gamblers and beginners alike. With more than 300 online casino games, Europa Casino, for example, offers its players more value for their money than many traditional gaming operations.
Besides the gambling factor, Las Vegas is also suffering in terms of hotel bookings when compared to top years like 2005. This is due to two factors. Firstly, there are thousands more rooms on supply now compared to five to six years ago. Secondly, consumers are no longer willing or able to pay top dollar.
Despite the negative stories we have been hearing in Nevada these past few years, the number of visitors to the desert resort town actually rose slightly (by 2.7%) until December 2010. Gaming revenue also went up by 4.1%. According to insiders, this is likely to be a direct result of US players staying closer to home due to financial constraints.
Moody’s also expressed trust that gambling companies with a strong international focus like Wynn Resorts and Las Vegas Sands, are well-placed to ride out the storm. With strong liquidity, these companies are expected to see their profits grow more quickly than other establishments which cope with decreasing margins, especially in the top segment.
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In 2010, some traditional land-based casinos in Las Vegas had a stronger fourth quarter, but overall the industry is in dire straits. In an increasingly globalized world, Las Vegas experiences more and more competition from Asian destinations such as Macao (where over the past few years gambling establishments have experienced record growth).
Also, more and more land-based establishments are losing out to online competitors. Online casinos offer convenience, large progressive jackpots and an easy and comfortable alternative to both veteran gamblers and beginners alike. With more than 300 online casino games, Europa Casino, for example, offers its players more value for their money than many traditional gaming operations.
Besides the gambling factor, Las Vegas is also suffering in terms of hotel bookings when compared to top years like 2005. This is due to two factors. Firstly, there are thousands more rooms on supply now compared to five to six years ago. Secondly, consumers are no longer willing or able to pay top dollar.
Despite the negative stories we have been hearing in Nevada these past few years, the number of visitors to the desert resort town actually rose slightly (by 2.7%) until December 2010. Gaming revenue also went up by 4.1%. According to insiders, this is likely to be a direct result of US players staying closer to home due to financial constraints.
Moody’s also expressed trust that gambling companies with a strong international focus like Wynn Resorts and Las Vegas Sands, are well-placed to ride out the storm. With strong liquidity, these companies are expected to see their profits grow more quickly than other establishments which cope with decreasing margins, especially in the top segment.
Gratis Black Jack bonus casino no deposit casino bonus online casino bonus codes spill craps online Kostenloses Online Casino Gratis Black Jack no deposit casino bonus spill slots online spela keno online Bankeinzug Casinos no deposit casino bonus casino bonus codes Gratis Keno online
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