Robin Camacho
Las Vegas Real Estate
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
Cannery Casino Resorts (29) [RSS]
Melco Crown Entertainment (29) [RSS]
Morgans Hotel Group (32) [RSS]
Pinnacle Entertainment (60) [RSS]
Tropicana Entertainment (90) [RSS]
World Series of Poker (6) [RSS]
Illinois: No country for big casinos
JohnTerez said: What your name? , <a href="http://pdabooks.org/membe... noir wine&l... [More]
Nevada: The Stupid State
PortoM0n said: Don't go far away. , <a href="http://cool-wallpapers.ev... cool wall... [More]
They burned the Monte Carlo ... and may get away with it
JohnTerez said: Try see it. , <a href="http://smart.fm/lists/152... glass supplies</a>... [More]
Nevada: The Stupid State
PortoM0n said: Hi brothers and sisters! , <a href="http://boxesandarrows.com...... [More]
They burned the Monte Carlo ... and may get away with it
SoloJ3ss said: Great... , <a href="http://boxesandarrows.com... to make deer a... [More]
Enter your email address to subscribe to this blog.
alex yemenidjian ameristar animals architecture atlantic city australia baseball boulder strip boyd gaming california cannery casino resorts carl icahn charity cirque du soleil citycenter colony capital colorado columbia sussex cosmopolitan current detroit dining don barden donald trump downtown economy election encore entertainment environment florida fontainebleau g2e george maloof harrah's harry reid herbst gaming horseracing igt illinois indiana international internet gambling isle of capri james packer kansas kentucky labor lake tahoe laughlin lawrence ho louisiana lvcva m resort macau marketing massachusetts melco crown entertainment mesquite mgm mirage michael gaughan mississippi missouri monte carlo fire morgans hotel group movies neil bluhm ohio oscar goodman penn national pennsylvania pets phil ruffin pinnacle entertainment planet hollywood politics problem gambling regulation reno riviera sahara sheldon adelson singapore sports stanley ho station casinos steve wynn tamares group taxes technology the strip tilman fertitta tourism transportation tribal tropicana entertainment tv wall street
Posted At : July 8, 2008 06:37 PM | Posted By : D McKee
Related Categories:
California,Current
Although a new Precision Opinion study of consumer attitudes vis-a-vis Las Vegas concludes that there's "a direct correlation between rising gas prices and reduced Las Vegas visitation," the news may not be as bad as it appears at first blush.
Whereas 79% of players surveyed in 2005 said they would stop driving to Vegas if gas prices hit a 'drop dead' point of $3.62/gallon, only 67% would do so now -- and even then gas would have to hit $5.73/gallon. (And when it does, they'll still keep coming.) The real disenchantment is with airfares: Over twice as many now would take the bus to Las Vegas.
That's no small statement if you've ever endured the living Hell that is a Greyhound Bus ride. Instead of mocking the charter buses that are the mainstay of Atlantic City, we may soon be emulating them on an even grander scale.
Precision's data shows that 57% of California gamblers still haven't altered the frequency of their Vegas trips -- and 69% have maintained or increased their gambling budget, compared to 50% of locals players. That's even though comparable numbers of both groups say that gas prices have had "some" or "a great deal" of impact on their personal budgets.
And, while I don't endorse this personally, more (47% in SoCal/49% locally) are reducing what they're putting into their savings accounts than are cutting back on weekend getaways and/or vacations. Finally, the older you are, the less inclined you are to curb those Vegas-visitin' urges. That may be the only truly bad news for Vegas, at least to the extent that it's put its eggs in the basket of the 21-30 crowd.
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |
There are no comments for this entry.
[Add Comment]