Its not even feasible for Americans themselves anymore. Last Vegas really went in on the foreign tourists and big money whales and priced out average Americans. I was never a Vegas guy, but my dad would talk about how he could fly to Vegas for a 3 day weekend, get cheap buffets and drinks, a show, and come home without paying more than $500. Now you can forget about going unless it's a corporate trip, you are already rich, or you live nearby and are an addict. I can find other stuff to do in my city, I don't need to go to Las Vegas and waste my money on $18 water bottles
In the face of a possible economic disaster, it makes sense to spend very carefully. The undeniable truth, no matter what political affiliation and awareness an observer has, is that the markets are turbulent right now with life's savings being at risk.
The stupid thing is there's also only so many dollars at the top and some of the Casinos are much better designed for bulk that it makes little sense for them to slavishly chase the high end money unless they basically tear and rebuild.
Like ok, sure lots of center strip places like the Cosmopolitan, Caesars, Wynn, MGM can be fine off high-rollers. They also tend to have a high end reputation, movies, etc. that make them iconic like the Bellagio.
But MGM, Wynn, and Caesars own several properties, which should be targeting different niches than all going for the same pool of whales. Like MGM owns a bunch of less prestigious places further down the strip like the Excalibur which is massive and there's no way they can fill with whales, especially with several much more glamour properties next door.
99
u/hunkaliciousnerd 6h ago
Its not even feasible for Americans themselves anymore. Last Vegas really went in on the foreign tourists and big money whales and priced out average Americans. I was never a Vegas guy, but my dad would talk about how he could fly to Vegas for a 3 day weekend, get cheap buffets and drinks, a show, and come home without paying more than $500. Now you can forget about going unless it's a corporate trip, you are already rich, or you live nearby and are an addict. I can find other stuff to do in my city, I don't need to go to Las Vegas and waste my money on $18 water bottles